Job Description

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Mumbai, Remote

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Working at Teach For India

Teach For India is on a journey to reach an India free of poverty and filled with love by ending educational inequity in our country. Fifteen years into our journey we are a movement of ~5000+ Alumni working at all levels of the education system, who are reaching 1 in 10 children across the country. These Alumni have graduated from our two-year Fellowship Program where they taught in under-resourced classrooms to put ~33,500 low-income children on a different life path. Today, we have ~1000 Fellows and are the largest pipeline of driven, skilled talent into the educational ecosystem in India. Over 16,000 Teach For India students have appeared for the 10th grade board examinations till date, with an impressive 95% pass rate across cities as of November 2024.


In 2022, we embarked on

Phase 4

, our fourth strategic phase. We have a bold and ambitious ten-year journey ahead of us that aims to

grow 50,000 leaders

, who will

work collectively

, and

with love

, to

transform the lives of 1 in 10 low-income children in our regions

, through an

education that unleashes the potential of self, others and India

. In this decade, five key priorities will lead us to this vision.

Strengthen

our core Fellowship to build strong teacher leaders who provide an excellent and equitable education to our children and continue to do so beyond the Fellowship

Scale

our impact by strategically introducing additional Fellowships as alternative pathways for leadership development

Match

the Alumni of our programs at an intersection of their interests and the needs of the system and our children

Advocate

for key issues that impact educational equity, and engage 3.5% of the population in the movement for educational equity

Act

collectively with our Alumni to learn about and address key issues in our regions.

Our work will only be completed when we have built a movement of leaders that is large enough to ensure that every child in India attains an excellent education.


We pride ourselves as being a passionate, idealistic, mission-driven team of individuals. We're committed to learning and excellence in our roles, and to being deeply rooted in our core values.


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What Teach For India Can Offer You

The opportunity to be part of one of the most established and visionary movements in the education sector in India which is at a pivotal point in terms of expanding its scale and outreach across the nation and working with changemakers across the country. A challenging yet flexible workplace in which every individual employee's Staff journey is tracked for excellence and leadership development. A work environment in which employees' holistic well-being is a core priority, enabling people to be their best selves. Access to connections and resources from the global Teach For All network that includes partner organizations spanning 50+ countries across 6 continents. Remuneration that is competitive within the top quartile of the Indian NGO pay scales, and a benefits package that includes extensive medical insurance and maternity coverage for both parents.
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Position Summary

Reporting to:

Senior Manager, Finance

Directly Managing:

Associate and Assistant, Finance

Please note that this is a full-time Consultant contractual role for 8 months.


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Responsibilities

As Consultant, Finance:

Budgeting & MIS

+ Coordinate the development of budgets for internal and external stakeholders.
+ Provide information and assist Staff and administrators in budget preparation, implementation and control.
+ Finalize annual budgets and communicate with the VH (Vertical Head) for approvals and clarifications.
+ Input the finalized budget for FY 25-26 into the NetSuite system for tracking and future reference.
+ Collect and update Monthly Information Systems (MIS) and forecast data from all departments to maintain accurate financial records.
+ Oversee the bifurcation of all expenses and payroll between Foreign Contributions (FC) and Non-Foreign Contributions (NFC).
+ Regularly review the cash flow statement and make decisions on Fixed Deposits (FDs) based on the financial position.
+ Monitor and evaluate budgets and cash flow for appropriateness to ensure fiscal solvency and accountability.
+ Conduct the annual review of Fellowship and Non-Fellowship FURs to ensure compliance and accuracy.
+ Monitor and ensure accurate TDS deductions for Razorpay transactions.

Donor Management

+ Review legal agreements entered into with donors, School etc. for safeguarding the interests of the organisation and compliances.
+ Review donor Memorandums of Understanding (MOUs) for TFI format directly, and for non-TFI, with initial review by Taru before final review.
+ Responsible for donor development programme analysis, including quarterly summaries of activity and strategy for inclusion in organisational reports/planning.
+ Ensuring the CSR/FCRA and other laws.
+ Facilitate discussions with donors regarding any clauses that are not mutually agreed upon.
+ Generate and manage 10BE (Tax Deducted at Source) certificates for all donors.
+ Collect and maintain employee giving details from Godrej for proper tracking and reporting.
+ Managing the allocations of funding and budgeting of planned expenses; Overseeing reconciliation of budget v/s actuals for various grants & corporate funds; Ensuring adequate risk management and align with CSR Law.

Financial and Statutory Reporting

+ Complete entries on NetSuite, bifurcating donations into categories such as general donation, public charitable trust, and community projects.
+ Verify the receipt of any advance donations and ensure the appropriate accounting entries are made in the financial records.
+ Prepare complex financial reports as mandated by the management, donors and other agencies.
+ Assist internal and external stakeholders in compiling data and interpreting legal reporting requirements and regulations.
+ Provide auditors with requisite documentation, including MOUs, declarations, and other relevant materials, to support audit procedures and ensure statutory compliance.
+ Reconcile donation variance to ensure precise and consistent reporting of donation income in compliance with financial reporting standards.
+ Plan and monitor timelines to meet strict deadlines in reporting regulations.
+ Review grant letters, funding and entitlement reports.
+ Review and verify statistical and financial information including independent audit reports and long-term debt documents.
+ Ensure the final donation list aligns with the Income & Expenditure (I&E) statement for accuracy in financial reporting.
+ To perform any other ancillary task as directed by the Senior Manager/CFO.

Research and Data Analysis

+ Perform statistical analysis of cash flow, budgets and MIS.
+ Research and analyse financial data for internal and external stakeholders and create, organize and maintains files using database and spreadsheet programs.
+ Retrieve and organizes data into required reporting formats.
+ Recommend solutions to Fellows and Staff ensuring that corrections or changes are implemented properly.

Training, Communications and Technical Support

+ Maintain communication with internal and external stakeholders regarding financial matters.
+ Manage daily communications with the Development team regarding proposals and resolve donor-related concerns.
+ Coordinate with the Dev-Ops team to oversee and support all development-related activities.
+ Provide information and technical support in the development and revision of policies and regulations.
+ Assist in the development and documentation of office systems and procedures, finance software and systems, review proposed contracts for adherence to rules and regulations.
+ Assist in managing payments and maintaining trackers for Be The Change Project (BTCP) and fellow special activities.
+ Train Staff, coordinate, and/or review the work of Staff.

As a People Manager:

Building a robust

pipeline of talent

to lead the organization.

Managing and coaching

the Directors in the cluster to ambitious outcomes. Driving

engagement, growth, and retention

of team members. Engineering and overseeing a

monitoring and evaluation system

, coupled with strategic direction, to guide our abilities to continuously improve.

?As a Consultant at Teach For India:

Contributing to

the team goals and priorities

beyond individual goals and priorities. Serving as an

ambassador of the Teach For India brand

and an advocate for our work and for educational equity in our country through both internal and external communication after committing time in our classrooms to understand our work more deeply. Supporting with key organizational areas such as

Recruitment, Selection, Fundraising, Volunteering, Movement Building.

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Minimum Qualifications, Experiences and Expectations

CA, CA - Inter/MBA Finance from a reputed institute with more than 4 years of relevant experience years of professional experience. Prior experience of working on an ERP (NetSuite) in another NGO would be an added advantage. Experience in driving operations in high pressure, goal driven environments. Experience of having collaborated effectively with a broad range of individuals and groups.
?Note: We want to hear your unique voice and perspectives through the process, hence all applicants are expected to personally author statements of purpose/essays in the application form.

Sole use of AI or Chat-GPT based tools may lead to disqualification from the process.