Finance Manager

Job Description Key Responsibilities A. Financial Planning, Budgeting & Cash Flow Management - Prepare annual and periodic budgets in coordination with Management, Registrar, and Schools/Departments. - Monitor cash flow, fund availability, and liquidity to ensure smooth University operations. - Plan fund requirements and ensure optimal utilization of financial resources. - Track budget vs actual expenditure and present variance analysis to Management. B. Fund Utilization & Financial Controls - Ensure proper allocation, utilization, and monitoring of funds as per approved budgets. - Implement financial controls to prevent misuse of funds and ensure accountability. - Verify expenditures, payments, and approvals in compliance with University policies and statutory norms. C. Accounting Operations & Financial Records - Oversee day-to-day accounting operations including receipts, payments, ledgers, bank reconciliations, and journal entries. - Ensure accuracy and completeness of books of accounts as per applicable accounting standards. - Coordinate with School Admins and Departments for fee-related and expenditure-related accounting entries. D. Audit, Compliance & Statutory Requirements - Ensure timely conduct of internal, statutory, and external audits. - Prepare and submit financial statements, audit reports, and compliance documents. - Ensure compliance with the State Private University (Maharashtra) Act, Statutes, Ordinances, and other applicable laws (Income Tax, GST, etc.). - Support inspections and audits by statutory authorities and regulatory agencies. E. Fees Management & Revenue Monitoring - Monitor student fee collection, reconciliation, refunds, and outstanding dues in coordination with Admissions and Registrar Office. - Ensure accurate fee accounting and reporting in ERP. - Generate periodic revenue reports and forecasts for Management. F. Financial Reporting & Management Support - Prepare monthly, quarterly, and annual financial reports for Management and statutory bodies. - Provide financial insights and recommendations for strategic decision-making. - Support Governing Body, Board of Management, and Finance Committee meetings with financial data and analysis. G. ERP, Systems & Process Compliance - Ensure accurate financial data entry and reporting in ERP systems. - Coordinate with IT/ERP teams for system improvements and controls. - Ensure integration of finance processes with admissions, examinations, payroll, and procurement modules. H. Coordination & Institutional Support - Coordinate with Registrar Office, Deans, School Admins, HR, Procurement, and other departments on financial matters. - Support procurement, vendor payments, and contract-related financial verifications. - Maintain confidentiality and ethical standards in all financial operations. I. Additional Responsibilities - Perform any other duties related to accounts and finance as assigned by the Management, Vice Chancellor, Registrar, or Finance Controller, in accordance with University statutes and regulations. J. Professional Conduct & Accountability - Uphold financial integrity, transparency, and accountability. - Ensure strict confidentiality of financial data and institutional records. - Adhere to University policies, statutory requirements, and ethical financial practices. K. Educational Qualification: Master's degree in commerce / finance / accounting / management (Finance) or professional qualification such as CA / ICMAI / MBA (Finance) from a recognized University, with relevant experience in finance, budgeting, audits, and statutory compliance, preferably in a University or educational institution.