Accountant - Ghiyasuddin International School - Maldives at Shri Educare Limited

Education is becoming a major focus area in Maldives, with more and more people demanding quality education services. The incumbent will play a critical role in providing effective Finance and Accounts supports to GIS family.

Major job responsibilities of accounts officer are listed below :

• Ensure that the established policies and procedures are followed stringently.
• Ensure correct and smooth voucher processing, cash & bank (cheque) payments, passing of entries, book keeping, bank reconciliation etc.
• Ensure compliance of Accounting Standards so that books of accounts represent the true and fair view of School Accounts
• Ensuring the Monthly closure of books in time.
• Inter Unit Transfer Amount (IUTA) & bank reconciliation.
• Build checks and controls in all financial transactions so as to eliminate errors, chances of fraud etc
• Streamline the processes affecting Accounting like procedure of payment, payroll, fixed assets etc
• Ensure cost control methods in all processes while improving efficiency levels.
• Maintaining documentation for all students: Regular & Scholarship based Students
• Enforce compliance to reconciliation policy
• Ensure timely and accurate closure of school accounts
• Ensure preparation of annual school budget after taking inputs from SEL and School Leadership Team
• Ensure maintenance of MIS and periodic reconciliation of all financial aspects and share with with the Principal, SEL and other process heads on monthly basis by 4^th of every month
• Ensure sharing of the fee details like pending fee, stock update (for books & uniform), new admissions, withdrawals, etc
• Ensure timely disbursement of salary to the staff
• Handle reimbursements and allowances if the staff claims
• Scrutinize and make timely payments of vendor invoices, bills, etc.
• Ensure compliance of laws and school policies while making vendor payments
• Tracking of recurring expenses
• Preparing of payment vouchers for expenses incurred, getting approvals for the same and submitting to the accounts department for clearance.
• Identify areas of potential legal risks and take necessary actions in consultation with SEL
• Coordinate with external consultants, advocates for legal matters.
• Coordinate with the SEL and the School Board/EC for fee review/inputs and fee related communication periodically
• Monitor fee income and records
• Ensure proper accounting treatment of fee
• Ensure periodic reconciliation of fee received as per the record maintained in school and as per bank records
• Ensuring completion of Shri Connect Entries for fee receipts and outstanding and their reconciliation with books of Accounts and Bank
• Oversee insurance related matters apart from staff related insurances
• Ensure timely renewal and negotiation for better rates from insurance providers
• Ensure all statutory compliance for school
• Ensure adherence to relevant Acts and by laws
• Initiate and drive improvements in accounting processes through process improvements and uniformity in accounting practices
• Enforce implementation of recommendations arising out of adverse audit observations by auditors
• Liaison with local government agencies, banks, financial institutions, statutory authorities, legal consultants on behalf of GIS, SEMPL and SEL
• Motivate and support team members for achievement of their goals and for self-development
• Provide continuous update to them regarding changes in rules and regulations, compliance procedures etc
• Filling of the deposit slips for deposit of fee received in cash to the bank - in the absence of Musliha

Nature of Subordinate Activities

• Fee Collection and record updation in Shri Connect, Bank reconciliations, filing & documentation, Accounting entries

 Working Relationships

Internal

•  Principal, Sr. Accountant, SEL and school employees

External

• Consultants like auditors, lawyers, company secretaries, etc
• Financial Institutions

Educational Qualification

• CA inter/ICWA inter. Should have an understanding of Indian accounting standards and well versed with Tally.

Duration & nature of past experience required

• 15 – 25 years in Finance & Accounts; Age - 35-55 years