Finance Manager [Part time]

Jhatkaa is seeking a Finance Manager to handle all of Jhatkaa’s financial related matters. This role is integral to the functioning of the organisation. The position will report directly to the Executive Director.

Specifically, Financial Manager responsibilities include:
1) Helping formulate and update the organisation’s budget on a regular basis
2) Ensuring all MIS and budgetary reports are delivered on time, with completeness and accuracy.
3) Managing all financial transactions between vendors and donors.
4) Keeping all reimbursement records in order for accounting and tax evaluation purposes
5) Assists with developing financial material for fundraising applications
6) Managing all FCRA applications
7) Ensuring Jhatkaa complies with statutory requirements and best financial practices

The Ideal candidate should possess:
1) A degree in accounting and extensive experience in handling financial work in the non-profit sector.
2) Prior experience in making FCRA applications to the Ministry of Home Affairs
3) Excellent knowledge of MS Word, Excel and accounting software’s
4) Ability to research, analyze and bring in new ideas to manage Jhatkaa’s finances.

Candidates must be self-driven and excited about the challenge in a new start up organisation. Jhatkaa has a fast paced, collaborative work culture. You should be ready to face new challenges at a start up and be completely ego-less.

Fluency in English is needed. Fluency in other languages will be an advantage.

We prefer candidates living in Bangalore. The salary will be matched accordingly but as a start up we won’t be able to pay on a very high scale. For any questions please email recruitment@jhatkaa.org.

To Apply, please fill this form-
https://docs.google.com/forms/d/1WWp7imHJJ3BeLj_Ax1iJGrzIryvdJz8tJM98yFaSJqQ/viewform

The CBDT has decided to keep in abeyance the decision to change the procedure for PAN allotment till further orders

As earlier reported to all viewer that CBDT has changed pan application procedure and issued a circular no11  dated 16.01.2014. In given circular CBDT directed TIN-FC to verify identity proof ,Residential proof and   DOB proof of Pan applicant from original documents . Now the decision has been reviewed and put on hold till further orders.CBDT has released a Press release in this regard.

Government of India 

Ministry of Finance 

Department of Revenue 

Central Board of Direct Taxes 

Dated 30th January, 2013 

Press Release 

The CBDT has decided to keep in abeyance the decision to change the procedure for PAN allotment till further orders. Accordingly the operation of circular No. 11 dated 16.01.2014 issued to PAN service providers has been directed to be put on hold till further orders. In the meantime the old procedure of PAN application and allotment shall continue. 

Finance Manager Jhatka

1) Helping formulate and update the organisation’s budget on a regular basis
2) Ensuring all MIS and budgetary reports are delivered on time, with completeness and accuracy.
3) Managing all financial transactions between vendors and donors.
4) Keeping all reimbursement records in order for accounting and tax evaluation purposes
5) Assists with developing financial material for fundraising applications
6) Managing all FCRA applications
7) Ensuring Jhatkaa complies with statutory requirements and best financial practices

The Ideal candidate should possess:
1) A degree in accounting and extensive experience in handling financial work in the non-profit sector.
2) Prior experience in making FCRA applications to the Ministry of Home Affairs
3) Excellent knowledge of MS Word, Excel and accounting software’s
4) Ability to research, analyze and bring in new ideas to manage Jhatkaa’s finances.

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The procedure for PAN allotment process will undergo a change w.e.f.03.02.2014.

The procedure for PAN allotment process will undergo a change w.e.f.03.02.2014. From this date onwards, every PAN applicant has to submit self attested copies of 

1. Proof of Identity (POI), 
2. Proof of Address (POA) and 
3. Date of Birth (DOB) documents  

Further person is  also required to produce original documents of such POI/POA/DOB documents, for verification at the counter of PAN Facilitation Centres. 

The copies of Proof of Identity (POI), Proof of Address (POA) and Date of Birth (DOB) documents attached with PAN application form, will be verified vis a vis their original documents at the time of submission of PAN application at PAN Facilitation Centre. 

Original documents shall not be retained by the PAN Facilitation Centres and will be returned back to the applicant after verification.

(Rekha Shukla)

Commissioner of Income Tax (M&TP)

Official Spokesperson, CBDT

What to do if you have a failed ATM transaction but amount is debited?

A failed ATM Transaction occurs due to various reasons such as wrong PIN, technical error, ATM runs out of cash etc. but here we will discuss only about the failed transactions in which amount gets deducted but customer does not get cash.

Below are few events which bother the customer most:Failed ATM transaction but amount deducted

(i) Intended Amount gets deducted but no cash is dispensed by ATM.

(ii) Intended Amount gets deducted but entire amount is not dispensed by ATM. For example, the account is debited with Rs.5,000 but only Rs.500 is dispensed by the ATM.

(iii) Intended Amount is dispensed by ATM but customer leaves the ATM before collecting cash and the cash is retracted by the ATM.

(iv) Customer’s account gets debited twice for the same transaction. The customer makes a withdrawal (say Rs. 5,000) and his/her account gets debited with double the amount (say Rs. 10,000).

In some of the cases amount automatically gets credited back to the customer’s account within reasonable time (same day) but you should always keep the transaction slip with you till the amount gets credited because this is the only evidence containing all the important information about your ATM transaction such as:

    Name of the ATM Bank –This refers to the ATM of the corresponding bank in which the transaction was made.
    Location –The ATM branch
    Date of transaction –The date at which the transaction was made
    Time of transaction –The time at which the transaction was made
    Transaction reference number –This is generally a 8-9 digit number which appears on the transaction slip
    Response Code
    Card No/Account Number- only the last 3-4 digits will be visible
    Nature of Transaction – Nature of transaction refers to the activity which was carried out while using the card, such as withdrawing cash, updating account details etc.

In case your account does not get credited within reasonable time, the RBI directive of May 27, 2011 titled “reconciliation of transaction at ATMs failure time limit” comes to your aid. This directive says that the concerned bank have to credit the wrongly debited amount within seven days of receiving complaint. Any failure to do so shall attract penalty of Rs.100 per day beyond seven days and this compensation shall be credited automatically to the customer’s account with the credit of the failed transaction.

This directive also make it clear that non-adherence of the provisions of this circular shall attract penalty as prescribed under the payment and settlement system act 2007.

So please write to the nodal officer of the concerned bank immediately demanding bank to comply with the RBI direction and credit the amount along with the compensation, if any, to your account. You can also send a copy of the complaint to the banking regulator.

If you still do not get the money, file a complaint with the banking ombudsman. Addresses of offices of Banking Ombudsman and their areas of operation are given in this page: Banking Ombudsman Addresses and Areas of Operation. An online complaint facility is available here: BO Online Complaint. Official information on the Banking Ombudsman Scheme and other resources are available HERE. File your complaint as soon as possible after getting a response from your bank. However, if your bank does not respond, you need to wait at least for 30 days before approaching the BO. Give all the particulars of your transaction in your complaint to BO, such as:

    Your bank, account number, and branch (where you have your account)
    Name of the bank whose ATM was used and ATM location
    Date and time of transaction
    Amount of attempted withdrawal
    Amount actually dispensed (if dispensed less amount) or no cash dispensed
    Copy of the transaction slip
    Details of your complaint / complaints to your own bank and acquiring bank and their response, etc.
    Your Name, Address, Phone Number, and Email ID clearly in your complaint so that BO staff can contact you in case of need.


Read more: http://www.indiantaxupdates.com/2014/01/09/failed-atm-transaction-amount-deducteddebited/#ixzz2pxuEp1jE

Finance and Administration Specialist (FAS)

JOB DESCRIPTION

Finance and Administration Specialist,
Wadhwani Initiative for Sustainable Healthcare (WISH), New Delhi

1. POSITION VACANT: Finance and Administration Specialist (FAS), WISH, New Delhi

2. BACKGROUND:

The multitude of health problems and poor health indicators notwithstanding, India currently has an extremely vibrant healthcare ecosystem. Hundreds of activists, entrepreneurs and institutions are running programmes and experimenting with processes to improve health outcomes on the ground. The Wadhwani Initiative for Sustainable Healthcare* (WISH) is a not-for-profit initiative to strengthen and support these people and institutions, across the for-profit and not-for-profit sectors. It will strive to streamline the evolving healthcare innovation eco-system, so that it can reduce inefficiencies, channelize the growing momentum in the sector and ensure it works in tandem with government policy. It is being championed by Mr Sunil Wadhwani, Chairman and Co-Founder, iGate Corporation (a leading IT services MNC).

* An initiative of the LEHS (A Registered Society; Registration Number: S/47696 of 2003)

WISH shall foster a healthcare innovation dialogue among stakeholders, support high-impact scalable organizations, mobilize resources of key stakeholders, involve end users in the innovation process and build evidence on interventions that improve the health outcomes of the rural and urban poor in India. It will provide a unique platform that will leverage the best of the for-profit and not-for-profit sectors to identify, support and strengthen healthcare solutions for the BOP (bottom of the pyramid) population.

Primary services provided under the WISH initiative shall include ecosystem building through workshops, conferences, innovation labs etc; blended capital financing and a shared services platform for entrepreneurs to access legal, technical and support expertise. WISH shall carry out rigorous, evidence-based technical evaluation and research and share the results through an interactive Knowledge Hub.

For more information about WISH, please visit http://sams.co.in/WISH-Introduction.pdf

WISH is looking for dynamic individuals who will help to channelize the energy and momentum in the sector, and build partnerships based on mutual respect and knowledge sharing. WISH is in an extremely interesting phase right now and is looking for individuals who share their excitement and commitment.

WISH is an equal opportunity employer. It fosters a multicultural work environment that values gender equality, teamwork, and respect for diversity. Women are encouraged to apply.

3. JOB DESCRIPTION/ RESPONSIBILITIES:

WISH requests applications from outstanding professionals for the post of Finance and Administration Specialist (FAS). This is a key strategic position, reporting to the CEO, with independent responsibility for financial management, statutory compliances, operations including partner assessment and administration and HR operations. The incumbent shall additionally be responsible for the effective and efficient discharge of all accounting activities at the head office in New Delhi, as well as all regional offices.

Key Responsibilities:

(A) Financial Management

(1) Ensuring compliance with the financial policies and procedures of the Foundation;
(2) Establishing and maintaining financial management mechanisms to reduce financial risk;
(3) Implementing controls, particularly with respect to expenses, cash advances, etc;
(4) Ensuring the efficient functioning of financial systems;
(5) Managing procedures relating to bank accounts, investments, taxation and all mandatory provisions;
(6) Ensuring timely filing of Income Tax, TDS, PF and FCRA returns.

(B) Financial Reporting

(1) Producing accurate financial reports adhering to prescribed deadlines;
(2) Preparing monthly, consolidated financial management reports for the CEO and quarterly financial reports for trustees, CEO and donors;
(3) Reviewing day to day accounts and preparing monthly and quarterly cash flow forecasts;
(4) Ensuring compliance with all donor financial reporting requirements.

(C) Budget Development and Tracking

(1) Collaborating with other departments to develop annual budgets, as well as cash flow projections for the year;
(2) Planning, preparing and reviewing annual budgets for approval by the Board of Directors;
(3) Ensuring timely submission of annual and reforecast budgets;
(4) Monitoring the budget and producing monthly variance reports for the CEO and the Chairman;
(5) Monitoring expenditures and costs against planned and delivered targets.

(D) Financial Audits

(1) Facilitating annual external audits, internal audits and FCRA audit;
(2) Cooperating with the auditors to implement recommendations for improvement to financial management systems;
(3) Ensuring that all items from the auditor’s management report are addressed before the next audit.

(E) Grants Management

(1) Identifying eligible organizations for grants based on pre-determined criteria and assessment of the credibility of the organizations and proposed programs;
(2) Developing and administering comprehensive sub-grant agreements for multiple partners, with stipulated financial and programmatic terms and conditions;
(3) Developing and maintaining program’s grants management system to track contractual obligations and advising on issues relating to general compliance and implementation;
(4) Instituting a system to monitor sub-grant expenditures against partner budgets;
(5) Applying for and maintaining grants received from multilateral and donor agencies.

(F) Investment Planning

(1) Ensuring prudent investment of funds as per the policies of the organization.

(G) Legal and Contractual Requirements

(1) Liaising with tax advisors, legal advisors and auditors;
(2) Preparing MOUs and contract letters for service providers and legal advisors;
(3) Ensuring validation of partners and Innovators who are being funded;
(4) Vetting and preparing MOUs with partners, innovators and donors.
(H) Monitoring and Capacity-building of Partners

(1) Ensuring regular and ongoing partner monitoring to ensure quality;
(2) Developing sound financial monitoring tools;
(3) Capacity building of partners in financial management, preparing budgets and monitoring financial progress of the project.

(I) Administration

(1) Deciding pay fixation and issuing letters to new appointees in consultation with the CEO;
(2) Ensuring vendor selection, purchase of assets, insurance and work relating to office premises/ building in conformity with processes and procedures prescribed the organization;
(3) Managing logistics, procurement, rent, maintenance and transport related activities;
(4) Ensuring proper up-keep of all IT and other machines;
(5) Creating and updating the staff manual, as per the requirements of the Foundation;
(6) Updating the Business Continuity Plan;
(7) Overseeing the logistics and administration requirements of all official visitors, including advising international visitors on applicable visa requirements.

(J) Human Resources

(1) Developing policies for talent acquisition and development through appropriate internal processes;
(2) Leading the process of drafting and finalizing systems and procedures to effectively implement the above policies;
(3) Working with the management team and staff to create a culture in which available talent remains engaged and is "harvested" to further the goals of the organization and its continuous growth;
(4) Providing trouble shooting support to line managers as required.

Any other reasonable duty as may be assigned, that is consistent with the nature of the job and the level of responsibility.

NOTE: This job description is not prescriptive and merely outlines the key tasks and responsibilities of the post. These key tasks and responsibilities, are subject to change, in consultation with the FAS. In undertaking the above role, the FAS shall be expected to comply with all policies and procedures that the organization issues from time to time.

4. QUALIFICATIONS, EXPERIENCE AND COMPETENCIES:

Qualification:

(1) Applicants should be professionally qualified accountants, preferably from the Institute of Chartered Accountants of India;
(2) Additional qualifications in the field of Law or Company Secretaryship, shall be an asset.

Experience:

(1) Minimum eight years of substantial experience in finance and administration (HR is a plus), covering strategic planning, cost management, budgeting, financial planning and analysis, and internal and external audit, with sufficient exposure to professionally run non-profit organizations;
(2) Experience of grant management, reporting to and negotiating with donors, banks and financial institutions;
(3) Experience of working on sub grants and ensuring their monitoring, reporting and closure;
(4) Knowledge of labour laws, legal issues around personnel, real estate, operations and logistics;
(5) Applicants having prior experience with and knowledge of various financial instruments like debt/ equity, shall be at an advantage.

Skills:

(1) Management Skills: Team player; Leadership skills; Analytical skills; Quality and timely service delivery; Problem-solving capabilities; Creative and proactive approach;
(2) Interpersonal Skills: Highly committed and motivated; Organized and results driven; Gender sensitive; Capable of responding to emergencies;
(3) Excellent verbal and written communication skills in English. Reasonably good verbal communication skill in Hindi is required;
(4) Good understanding/ experience in the development sector is desirable;
(5) Travel Requirements: Ability and willingness to undertake travel within India, upto five days per month. Ability to travel upon short notices and live under conditions that may be basic;
(6) Excellent IT Skills with expert knowledge of Tally and/or equivalent accounting software and MS Office.

5. COMPENSATION OFFERED:

Gross annual remuneration budgeted for the position ranges from Rs. 18 – 20 lacs per annum, with flexibility for improvement in case of exceptional talent. Offers shall be commensurate with the qualifications, experience and salary history, of the selected candidate.

6. CONTRACTUAL EMPLOYMENT: The successful candidate shall be offered an annual contract, extendable based on performance.

7. LOCATION: New Delhi

8. REFERENCE: FAS-WISH

9. CONTACT INFORMATION:

Ms. Priyanka Sharma, Senior Consultant
Strategic Alliance Management Services P Ltd.
1/1B, Choudhary Hetram House, Bharat Nagar
New Friends Colony, New Delhi 110 025
Phone: 011-4165 3612; 26842162; 41011564, 41011565
Email: fas-wish@sams.co.in

10. LAST DATE FOR APPLICATIONS:

Eligible candidates interested in this position are requested apply to fas-wish@sams.co.in with a cover letter, discussing their interest in and suitability for the position, along with an updated resume, giving details of three references, current cost to organisation and expected compensation, by or before January 19, 2014. For further details please visit our website www.sams.co.in

Job Email id:

fas-wish(at)sams.co.in

Financial Management Officer - USAID Yemen Competitive Agriculture Systems for High Value Crops

Application Deadline : 01-30-2014
Job Type : Long-term
Location : Yemen

inShare

Financial Management Officer - USAID Yemen Competitive Agriculture Systems for High Value Crops

About CNFA:

CNFA is an enterprise development organization based in Washington, D.C., dedicated to stimulating economic growth in the agricultural sector by nurturing entrepreneurship, private enterprise and market linkages. CNFA specializes in fostering private sector investments in training, new technologies and marketing as a means to increase the overall competitiveness of agricultural value chains, to expand exports, and to develop skills in the rural workforce. CNFA assists smallholders in increasing household-level food security and nutrition through improved agricultural practices, introduction of new varieties, diversification of crop production, food preservation and storage, development of farmer-based organizations (FBOs) and strengthened linkages to markets.

Project Description:

CNFA is receiving applications for a Chief of Party for USAID’s Competitive Agriculture Systems for High Value Crops (CASH) in Yemen.  Through empowering host country partners and supporting market-driven enterprises, CASH will create sustainable market systems that increase rural incomes, nutrition and food security.

Position Summary:

The Financial Management Officer will be responsible for making operational decisions and managing administration, providing financial oversight and managing logistics, subcontract and grant administration components of the project. The Finance and Management Officer will develop and implement financial oversight and control mechanisms and procedures to ensure that all program expenses are in accordance with CNFA financial policies, procedures and rules and regulations. Additionally, the Finance Management Officer will ensure subcontractors and sub-grantees are able to deliver services on schedule and will also work to establish productive working relationships with government officials, alliance partners and implementing partners.

Minimum Qualifications:

• Advanced degree in business administration, finance, accounting or related area of study;
• At least 5 years progressively responsible work experience in managing development project(s) in positions responsible for accounting, financial management and subcontractor/grant administration;
• Demonstrated ability to interact and communicate with wide range of stakeholders both verbally and in writing;
• Demonstrated ability to collaborate, willingness to innovate and ability to think systematically;
• Proven experience in managing multiple and competing tasks while maintaining quality of deliverables within deadlines;
• Fluency in English required;

Women and Yemeni nationals are strongly encouraged to apply.

All applicants should submit their CVs to Eric Sedlacek, esedlacek@cnfa.org, and Alex Samel, asamel@cnfa.org, with the words “Financial Management Officer - Yemen Competitive Agriculture Systems for High Value Crops” in the subject line.

Sr. Research Associate at PHFI, Rajasthan

December 3, 2013 By Ruth Leave a Comment

Deadline to apply: 06 December 2013

Public Health Foundation of India (PHFI) is seeking application for the post of Sr. Research Associate at Rajasthan. The Public Health Foundation of India (PHFI) in partnership with the St. Johns Research Institute is conducting a three-year evaluation study of WHO’s Safe Childbirth Checklist (SCC) in Rajasthan. This checklist aims to improve quality of facility based maternal and newborn care and expected to reduce perinatal mortality.

Candidate will be responsible to coordinate effectively between all evaluation team members within and outside State and proven experience in managing health programs  and some experience in managing data collection from the field.

Candidate should have Masters’ degree in public health or equivalent with six to eight years of research experience with progressive increase in responsibilities OR MBBS with DGO/MD (Obstetrics/Community Health) with  3-4 years of research experience.

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Salman and Eid releases equal to box office success.

Salman and Eid releases equal to box office success. After the blockbuster success of 'Ek Tha Tiger' in 2012, the actor is releasing his second film 'Kick' on July 27 this year.
Aamir ended 2013 with 'Dhoom 3' and looks set to have another great year in 2014. He has teamed up with his '3 Idiots' director Raj Kumar Hirani for 'PK'.
The story of the film has been kept under tight wraps but it seems that Hirani, who has had a fail-proof directing record so far with 'Munnabhai' films and '3 Idiots', is taking on godmen in his next, which will release on June 6.
King Khan as Shah Rukh is known among his fans is also in the race with two films. After the triumphant journey of 'Chennai Express' at the box office, SRK is back with his friend Farah Khan with the aptly titled 'Happy New Year'.
SRK recently revealed that he will star in Yash Raj Films' 'Fan'. The film where SRK will play the role of an ardent fan, will be directed by 'Band Baaja Baarat' helmer Maneesh Sharma.
The Khan rule for over two decades is facing fierce challenge from newcomers like Ranbir Kapoor, Ranveer Singh and Sushant Singh Rajput.
The other films to look forward to in the crowded 2014 slate are 'Dedh Ishqiya', 'Gunday', 'Bang Bang', 'Bymokesh Baskhi', 'Bombay Velvet', 'Phantom', 'Singham 2', 'Action Jackson', 'Bhootnath Returns', 'Gulab Gang', 'Welcome Back', 'Jagga Jasoos, 'Humshakal', 'Dawat-e-Ishq', 'Hasee To Phasee', 'Shaadi Ke Side Effects' and Main Tera Hero among others

Dhoom 3 is just setting new records all across the globe.

Dhoom 3 is just setting new records all across the globe. Be it first day collections or the fastest film to reach the 100 crore mark, Dhoom 3 is just unstoppable and in the days to will go on to make more and more records.

Dhoom 3, after breaking the opening-day collection record at the domestic Box Office, has collected about Rs 1070 million (107 crore) nett approximately in just three days with Day 1 (Friday 20, 2013) the collection was in the range of Rs 362.2 million (36.22 crore) nett approximately, Day 2 (Saturday 21, 2013) the collection was in the range of Rs 333.6 million (Rs. 33.36 crore) nett and Day 3 (Sunday 22, 2013) it managed to collected about Rs 360.499 million (Rs. 36.05 crore) nett approximately.