Senior Officer | RMG Sustainability Council (RSC)

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Responsibilities & Context

Fund Collection & Revenue Reconciliation

  • Monitor and process incoming funds from donors, partners, and voluntary contributors.
  • Maintain accurate accounting records of fund disbursements, expense settlements, and membership contributions.
  • Ensure all funds are collected and deposited in designated accounts on time.
  • Coordinate with donors, clients, and relevant stakeholders to track outstanding payments and resolve discrepancies.

Accounting & Financial Treatment

  • Record fund collections and contribution transactions in the accounting system following IFRS guidelines (See technical skills section)
  • Allocate funds accurately based on donor agreements, project budgets, and organizational policies.
  • Ensure proper classification of restricted and unrestricted funds.
  • Assist in the accrual and deferral of contributions/fees/donations for financial reporting accuracy.
  • Process adjustments and reconciliations related to fund collection and expenses transactions.

Reconciliation & Reporting

  • Perform monthly reconciliation of collected funds with bank statements.
  • Prepare revenue and fund collection reports for management review.
  • Support external audits by providing necessary documentation on fund transactions.
  • Track outstanding receivables and coordinate follow-ups with relevant stakeholders.
  • Solicit ad-hoc reconciliation to ensure that contributions are received on time.

Compliance & Documentation

  • Ensure compliance with donor requirements, tax regulations, and financial policies.
  • Maintain proper documentation of all fund collection transactions for audit and reference.
  • Assist in regulatory reporting (e.g., VAT, tax, donor reporting) as required.
  • Support financial risk management related to fund handling and revenue recognition.

Coordination & Communication

  • Liaise with internal departments for fund utilization tracking.
  • Communicate with banks, donors, and clients for payment processing and confirmations.
  • Assist in improving fund collection and expense management processes

Requirements

Education

  • Bachelor/Honors, Masters
  • Bachelor’s/master’s degree in accounting or finance.
  • CA CC (Must be certificate level completed) from a renowned CA firm (firms that qualify for the audit of listed companies and Banks)

Experience

  • At least 2 years
  • The applicants should have experience in the following business area(s): Garments

Additional Requirement

  • 2+ years of (post-CC) experience in revenue management, receivable management, payable management, or treasury management in reputed organizations.
  • Able to demonstrate experience in large vendor reconciliation/receivable reconciliation/fund reconciliation.

Technical Skills

  • Strong knowledge of financial reporting standards, specifically IFRS 15, IAS 20, IAS 16, IAS 38, IFRS 5, IAS 37, IFRS 16, IAS 19, and IAS 23.
  • Considerable knowledge of Income Tax Laws (ITA 2023) & and Added Tax Laws (VAT & SD Act 2012).
  • Proficiency in accounting software (SAP, Tally, or similar ERP systems).
  • Advanced Excel skills for financial analysis and reporting.

Soft Skills

  • Strong analytical and problem-solving abilities.
  • Detail-oriented with high accuracy in financial record-keeping.
  • Excellent communication and coordination skills.
  • Ability to handle confidential financial information with integrity.