Finance Officer

2 weeks ago

Bengaluru, India RV University Full time
Graduation / Post Graduation with CA Mandatory
Minimum 15 -20 years of experience in Finance /Accounting
Job description
Primary Duties
- As the Finance Officer (FO) , role is integral to the seamless functioning of the Finance Department.
- As a Member Secretary to the Finance Committee meeting.
- As a member to the Purchase Committee meeting.
- As a member to the Internal Purchase Committee meeting.
- Formulating and setting the Policies & various process for the smooth functioning of the Finance.
- Banking and Cash Management.
- Overseeing Fee Collection Management & Recovery of balance.
- Overseeing & compliance to Statutory Payments (GST/TDS/EPF/ESI) and Audits.
Key Responsibilities
- As a Member Secretary to the Finance Committee, coordinate and organize meetings, prepare and present various quarterly reports for profit and cost centers, and report budgets against actuals for the departments and schools of RV University. Prepare projected budgets for the next financial year in coordination with the departments and schools. Obtaining approvals and ratifications for budgets of cost Centers, new schools, fee structures, scholarships, and other financial matters as needed.
- As a member to the Purchase Committee meeting coordinate and organize meetings for negotiations of various purchases of Assets & Services.
- As a member to the Internal Purchase Committee meeting participating in negotiations of various purchases of Assets and Services.
- Formulating and setting up policies for finance management and various processes for the smooth functioning of the Finance Department. Monitoring all the financial transactions of Schools, administrative Departments to ensure compliance with the organization's policies from time to time
- Fostering coordination and punctuality among team members while overseeing the overall functions of the Finance department.
- Financial Operations Management, ensuring the smooth functioning of the Finance Department and promoting coordination among team members. Overseeing all aspects of finance operations, with a focus on timely payments within prescribed time frames. Ensuring timely payments to vendors, service providers, and faculty, in compliance with the organization's circulars and policies, and facilitating effective financial management. Risk Identification, Assessment, Mitigation & Monitoring and awareness among the staff. Ensure month-end book closure within the stipulated time frame & opening of books for the next month. Oversee the creation of Demand, fee collection, fee reconciliation, and follow-up with Students & Parents for pending fees recovery.
- Management Information, Reporting of various MIS reports from time to time as per the requirement of the Management.
- Statutory Payments and Audits, Ensuring Timely payment of statutory obligations, including EPF, ESI, TDS, and GST. Coordinate with auditors for monthly and annual audits, actively contributing to the preparation of audited balance sheets.

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