Finance Executive

6 months ago

Chennai, India Rajalakshmi Engineering College Full time

About us: Rajalakshmi Group of Institutions is a premier educational institution located in Chennai, committed to providing quality education across various disciplines. With a rich legacy of academic excellence and a focus on holistic development, we aim to nurture future leaders who can contribute meaningfully to society.


Job Description: The Finance Executive will play a pivotal role in supporting the financial operations of the group institutions, ensuring compliance with regulatory requirements, and contributing to strategic financial planning initiatives.


Key Responsibilities:

  1. Financial Analysis: Conduct regular financial analysis to assess the institution's financial performance, identify areas for improvement, and support decision-making processes.
  2. Budgeting and Forecasting: Assist in the preparation of annual budgets, forecasts, and financial plans in alignment with organizational objectives and priorities.
  3. Financial Reporting: Prepare accurate and timely financial reports, including income statements, balance sheets, and cash flow statements, for management review and regulatory compliance.
  4. Accounts Payable and Receivable: Oversee accounts payable and receivable functions, ensuring timely invoicing, payment processing, and reconciliation of accounts.
  5. Tax Compliance: Collaborate with internal and external stakeholders to ensure compliance with tax regulations, including timely filing of tax returns and adherence to tax-saving strategies.
  6. Audit Coordination: Coordinate with internal and external auditors to facilitate audits, provide necessary documentation, and address audit findings in a timely manner.
  7. Financial Controls: Establish and maintain robust internal controls to safeguard the institution's assets, mitigate financial risks, and promote operational efficiency.
  8. Financial Planning and Analysis: Support senior management in financial planning and analysis activities, including variance analysis, scenario modeling, and strategic decision support.
  9. Cash Management: Manage cash flow effectively, monitor liquidity requirements, and optimize investment opportunities to maximize returns while minimizing risks.
  10. Ad-hoc Projects: Undertake ad-hoc projects and initiatives as assigned by the Finance Manager or senior leadership team, contributing to the continuous improvement of financial processes and systems.


Qualifications:

  • Bachelor's degree in Finance, Accounting, or related field; professional certification (e.g., CA) preferred.
  • Proven experience in finance or accounting roles, preferably in an educational institution or related industry.
  • Sound knowledge of financial principles, accounting standards, and regulatory requirements.
  • Proficiency in financial analysis, budgeting, financial reporting, and MS Excel, Tally
  • Strong analytical skills with attention to detail and the ability to interpret complex financial data.
  • Excellent communication skills, both written and verbal, with the ability to collaborate effectively across teams.
  • Demonstrated ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.
  • Integrity, professionalism, and a commitment to upholding ethical standards in financial management.


Remuneration & Benefits:

  • Competitive salary commensurate with qualifications and experience.
  • Opportunities for professional development and career advancement.
  • Comprehensive benefits package, including health insurance and retirement savings plans.
  • A supportive and collaborative work environment that values diversity and inclusion.

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