Associate Finance Manager

Job Description: Associate Finance Manager

Role Summary

The Assistant Finance Manager will be responsible for managing day-to-day accounting

operations with a strong focus on revenue reporting, receivables management, cash receipts,

and financial compliance. The role requires ensuring accurate financial reporting, maintaining

internal controls, monitoring working capital, and supporting audits and tax compliance. The

candidate should be capable of handling end-to-end accounts operations and financial analysis

to support management decision-making.

Key Responsibilities

1. Revenue and Receivables Management

Prepare and monitor revenue reports and receivable ageing reports.

Ensure timely collection and reconciliation of receivables.

Track receivables, discounts, scholarships, and adjustments.

Monitor Days Sales Outstanding (DSO) and follow up on overdue payments.

Maintain accurate customer account balances and reconciliations.

2. Cash Receipts and Banking Operations

Manage cash receipts, bank deposits, and daily cash reconciliation.

Monitor inflows and ensure accurate recording of receipts in accounting systems.

Coordinate with banks for transactions, reconciliations, and statements.

Ensure proper documentation and internal control over cash handling.

3. Financial Reporting

Prepare monthly, quarterly, and annual financial reports.

Generate management reports including revenue analysis, variance analysis, and dashboards.

Ensure compliance with Indian Accounting Standards (Ind AS) and internal financial policies.

4. Accounts Management

Oversee accounts receivable, accounts payable, and general ledger reconciliations.

Ensure timely processing of invoices, receipts, and accounting entries.

Review reconciliations of bank accounts, ledgers, and customer accounts.

5. Taxation and Statutory Compliance

Ensure compliance with GST, TDS, and other statutory requirements.

Assist in preparation and filing of tax returns.

Support tax reconciliations and respond to notices if required.

6. Cash Flow and Working Capital Management

Monitor daily cash flow and liquidity requirements.

Assist in optimizing working capital and maintaining financial discipline.

Prepare cash flow projections and variance analysis.

7. Audit and Internal Controls

Support internal and external audits by preparing documentation.

Ensure compliance with financial policies and audit recommendations.

Strengthen internal controls and risk management processes.

8. Process Improvement and Automation

Identify opportunities to improve finance processes and reporting systems.

Implement automation in reporting, reconciliation, and compliance tasks.

Improve efficiency and reduce manual work in financial operations.

9. Team and Stakeholder Coordination

Guide junior finance staff and coordinate with other departments.

Liaise with vendors, banks, auditors, and internal stakeholders.

Provide timely financial information for management decisions.

Required Qualifications

CA Inter/CMA/ M Com

58 years of experience in accounts, receivables, and financial reporting

Experience handling revenue accounting, cash receipts, and reconciliations

Key Skills

Strong knowledge of accounting principles and financial reporting

Experience with GST, TDS, and statutory compliance

Expertise in accounts receivable and revenue reconciliation

Advanced Excel and financial reporting skills

Familiarity with ERP/accounting software (Tally, SAP, Zoho, etc.)

Strong analytical and problem-solving skills

Attention to detail and strong internal control mindset

Preferred Experience

Experience in education sector / service industry revenue accounting

Exposure to budgeting, financial planning, and audit support