15h Left: Chief Accounts

5 days ago

Pune, India MIT World Peace University Full time
Title: CAFO( Chief Accounts & Finance Officer)

Department: Finance & Accounts

Location: MIT WPU, Pune Campus

Job Purpose

This job description outlines the responsibilities, qualifications, and personal attributes required for the Chief Accounts & Finance Officer (CFAO) role at MIT World Peace University (MIT WPU). Here’s a breakdown of the main responsibilities and key qualities sought for this position.

Job Purpose

- Primary Goal: Provide effective and efficient financial support for business restructuring, mergers, acquisitions, funds flow management, and mitigate financial risks for MIT WPU.

Key Accountabilities

Strategic Responsibilities

- Advise management as needed on financial matters.- Develop and implement a financial strategy ensuring statutory and regulatory compliance.- Analyze legal implications of financial decisions and guide stakeholders.

Research and Development

- Stay updated on new laws and regulations and their impact on the organization.

Financial and Budget Responsibilities

- Oversee and manage university funds, property, and investments.- Monitor cash and bank balances, ensuring effective revenue management.- Fulfill duties as per the Maharashtra Universities Account Code and conduct regular audits.- Prepare financial reports for various regulatory and funding bodies, including the State and Central Government, UGC, and AICTE.- Execute other tasks as assigned by the Vice-Chancellor or Pro Vice-Chancellor.

Collaborations

- Serve as an employee advocate across MIT WPU institutions.- Represent MIT WPU in professional bodies for enhanced branding.

Operational Responsibilities

- Supervise university funds and advise on financial matters.- Ensure compliance with expenditure limits and that funds are used for intended purposes.- Maintain records of all assets, conduct regular verifications, and manage asset reconciliation.- Address unauthorized expenditures and propose disciplinary actions for financial irregularities.- Request necessary information for financial oversight from relevant university offices.- Maintain minutes of Finance and Accounts Committee meetings.- Prepare and maintain accounts using a double-entry system, present budgets, and audit reports to the Finance and Accounts Committee and Management Council.

External Representation

- Represent MIT WPU at professional bodies, conferences, and seminars to enhance the university's visibility and reputation.- Remain informed on best practices in finance and accounting leadership.

Person Specification

Leadership and Management Experience

- Substantial experience in a senior leadership role in a large organization.- Proven ability to create and execute strategies, achieve transformation, and improve organizational performance.- Strong financial acumen, experience in resource management, and commercial awareness.- Successful track record in developing leaders and working effectively with leadership teams.- Commitment to governance and experience working with governing bodies in regulated environments.

Intellectual Credibility

- High intellectual credibility and an academic or professional profile that commands respect.- Interest in legal disciplines and the ability to engage with staff effectively.

External Relations and Corporate Engagement

- Ability to advocate for MIT WPU at the highest levels and influence decision-makers.

Personal Attributes and Style

- Strong commitment to MIT WPU's vision and values.- Confidence to lead and empower senior leaders in achieving university goals.- Effective communicator, able to engage staff at all levels and align them with university objectives.- Sound judgment, resilience in making difficult decisions, and maintaining respectful partnerships.- Exceptional communication skills in both personal and public contexts.

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