Finance Officer

Designation

Finance Officer (Head Finance & Accounts – Equivalent to CFO at University level)

Location

Mumbai                                                         

Department

Accounts

Key Responsibilities

• Prepare the annual budgets, financial estimates and annual statements of accounts

• Manage day-to-day accounting, cash flow, banking, fee collection, payments and vendor settlements

• Present the annual accounts & Financial estimates to finance committee and thereafter to Executive Council for approval 

• Ensure timely statutory payments, tax compliance, PF contributions and regulatory filings

• Oversee payroll, employee reimbursements and final settlements

• Ensure proper maintenance of financial records and Bank Reconciliation Statements

• Manage accounting and financial matters of all Schools, Campuses and other units related to University

• Serve as Ex-officio Non-Member Secretary of the Finance Committee and coordinate its meetings and minutes

• Advise the Vice Chancellor and Management on financial matters, investments and financial controls

• Coordinate with the CFO of SVKM, Deans, Directors, Auditors and other stakeholders on financial matters

• Bring any unauthorised expenditure or financial irregularity to the notice of Executive Council and recommend appropriate corrective action

• Monitor budget utilization & ensure that expenditure remains within the approved limit and is used for the purposes for which the funds are sanctioned  

Educational Qualification

• Master’s Degree/MBA with at least 55% marks or equivalent grade in a relevant discipline, or a professional qualification of CA/CMA (ICWA)

• The qualifications shall be in accordance with the applicable UGC Regulations and the University’s approved Bye-laws

Professional Experience

• At least 15 years’ experience in administration/teaching and administration, including 8 years as Deputy Registrar or an equivalent post 

OR

• Comparable experience in financial administration in a Government/Semi-Government institution, reputed organization, or Higher Education Institution

OR

• At least 15 years’ experience as Assistant Professor/Lecturer, or 6 years as Associate Professor/Reader/Professor, along with experience in financial administration in a University/College

Skills and Competencies

• Strong expertise in financial management, accounting, budgeting, taxation, and statutory compliance

• Sound knowledge of UGC Regulations, financial rules, audit procedures, and financial reporting 

• Proficiency in ERP/accounting systems and financial data analysis

• Strong leadership, decision-making, problem-solving, and stakeholder management skills

• Excellent communication and interpersonal skills, with a high degree of integrity, confidentiality, accuracy, and financial discipline

In a Nutshell

Challenging & Statutory post in a top-ten private Deemed University