Development Consortium is hiring candidate for the post of Finance Associate. This position is for the location Delhi.
About DC
Development Consortium (DC) is a non-profit organization (registered in India), dedicated to working with young people and vulnerable communities across India – empowering them to overcome health, education and rights, abuse & injustice issues. At the very core of our existence is the belief that a better future for humanity depends on our capacity to harness change. It is the building of this capacity that is at the heart of our working model.
About the Opportunity
The Finance Associate will support the Finance Department by managing day-to-day financial transactions, reviewing expense documents, preparing project-specific reports, and assisting in payment processing. This role will provide foundational experience for a fresh graduate looking to begin a career in finance within the non-profit/NGO sector.
The ideal candidate is a self-starter with strong attention to detail, a willingness to learn, and an interest in developing a solid understanding of finance and accounting principles in the context of the NGO sector.
Responsibilities
- Perform an in-depth review of expense receipts, invoices, contracts, and financial documentation to ensure completeness, accuracy, and compliance with internal policies and donor guidelines.
- Cross-check the legitimacy and accuracy of documents, ensuring that all financial transactions are well-supported with proper documentation.
- Flag any inconsistencies, missing information, or discrepancies to the Finance Manager for resolution.
- Assist in the preparation of accounting entries for daily financial transactions such as payments. receipts, payroll, and other financial records.
- Support the Finance Manager in maintaining updated general ledger accounts, assisting in the month-end and year-end closing process.
- Work with project managers to collect and organize financial data for each ongoing project.
- Prepare detailed expense reports for individual projects, ensuring that expenditures are in line with approved budgets and donor agreements.
- Identify potential budget variances and report these to the Finance Manager for necessary action.
- Assist in the creation of financial reports for internal stakeholders, donors, and grant-making bodies as required.
- Compile and prepare payment sheets for various transactions, including vendor payments, staff reimbursements, travel claims, and utilities.
- Ensure accuracy in payment processing and adherence to payment schedules.
- Maintain a comprehensive filing system for all processed payments for future audits and internal reviews.
- Act as a point of contact for internal teams, vendors, and donors regarding financial queries, payment processing, and financial documentation.
- Collaborate with program managers, procurement teams, and administrative staff to ensure smooth communication regarding financial matters.
- Ensure that all financial transactions comply with the organization’s internal control policies, donor requirements, and local regulations.
Qualification and Skills
- Bachelor’s degree in finance, Accounting, Business Administration, or a related field.
- Fresh graduates or those with up to 1 year of relevant internship or work experience in finance accounting, or a similar field.
- Basic understanding of financial principles, accounting standards, and bookkeeping.
- Proficiency in Microsoft Office Suite, particularly Excel (ability to create and work with financial spreadsheets).
- Familiarity with accounting software (knowledge of Tally).
- Excellent communication and interpersonal skills to interact with both internal teams and external stakeholders.
- Strong attention to detail, with a commitment to accuracy in financial transactions and reports.
- Ability to manage multiple tasks, prioritize workloads, and meet deadlines.
- High level of integrity and ethics, with a commitment to maintaining confidentiality and professionalism.
Deadline– 25th September 2024
Location
Delhi
