Accounts Manager

Role Summary

The Accounts Manager will be responsible for managing the overall finance and accounting operations of the institute, ensuring accurate financial reporting, statutory compliance, budgeting, and efficient management of revenue, expenses, and financial controls.

Key Roles & Responsibilities

1. Financial Accounting & Reporting

• Manage day-to-day accounting operations of the institute.

• Ensure proper recording of all financial transactions in accounting software.

• Prepare and review:

  • Profit & Loss Statement

  • Balance Sheet

  • Cash Flow Statements

• Ensure timely monthly and annual closure of books of accounts.

• Maintain accurate financial records and documentation.

2. Revenue & Fee Management

• Monitor student fee collections and maintain fee records.

• Track outstanding fees and coordinate with administration for follow-ups.

• Ensure proper accounting of:

  • Tuition fees

  • Course fees

  • Training program revenue

  • Event or workshop income.

3. Accounts Payable & Expense Control

• Monitor institute expenses and vendor payments.

• Verify invoices and approve payments as per company policies.

• Maintain vendor accounts and reconciliation.

• Control operational costs and monitor budget utilization.

4. Budgeting & Financial Planning

• Prepare annual budgets and financial forecasts.

• Monitor budget vs actual expenses.

• Provide financial insights to management for decision-making.

5. Statutory Compliance & Taxation

• Ensure compliance with statutory regulations including:

  • GST returns and reconciliation

  • TDS filings and payments

  • Income Tax compliance

  • Professional Tax compliance

• Coordinate with auditors and tax consultants.

6. Payroll & Employee Reimbursements

• Supervise payroll processing and salary accounting.

• Ensure statutory deductions such as PF, ESI, and TDS.

• Monitor employee reimbursements and claims.

7. Banking & Cash Flow Management

• Manage bank transactions and reconciliations.

• Monitor cash flow and working capital requirements.

• Ensure timely payments and maintain financial stability.

8. Audit & Internal Controls

• Coordinate with statutory and internal auditors.

• Maintain financial controls and compliance procedures.

• Ensure documentation for audits and regulatory checks.

9. Team Management

• Supervise and guide accounts executives and finance staff.

• Allocate tasks and monitor team performance.

• Ensure adherence to financial procedures and policies

• It is a Full Time Accountant job for candidates with 6+ years of experience.