Financial Management Specialist
6 hours ago
We are seeking a highly skilled Financial Management Specialist to join our team at Rajalakshmi Engineering College. The successful candidate 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.
About UsRajalakshmi 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.
Key Responsibilities:- Financial Analysis: Conduct regular financial analysis to assess the institution's financial performance, identify areas for improvement, and support decision-making processes.
- Budgeting and Forecasting: Assist in the preparation of annual budgets, forecasts, and financial plans in alignment with organizational objectives and priorities.
- Financial Reporting: Prepare accurate and timely financial reports, including income statements, balance sheets, and cash flow statements, for management review and regulatory compliance.
- Accounts Payable and Receivable: Oversee accounts payable and receivable functions, ensuring timely invoicing, payment processing, and reconciliation of accounts.
- 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.
- Audit Coordination: Coordinate with internal and external auditors to facilitate audits, provide necessary documentation, and address audit findings in a timely manner.
- Financial Controls: Establish and maintain robust internal controls to safeguard the institution's assets, mitigate financial risks, and promote operational efficiency.
- Financial Planning and Analysis: Support senior management in financial planning and analysis activities, including variance analysis, scenario modeling, and strategic decision support.
- Cash Management: Manage cash flow effectively, monitor liquidity requirements, and optimize investment opportunities to maximize returns while minimizing risks.
- 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.
- Experience: Proven experience in finance or accounting roles, preferably in an educational institution or related industry.
- Skills: Sound knowledge of financial principles, accounting standards, and regulatory requirements; proficiency in financial analysis, budgeting, financial reporting, and MS Excel, Tally.
- Competitive Salary: Rs. 8-12 Lakhs per annum, commensurate with qualifications and experience.
- Professional Development: Opportunities for career advancement and professional growth.
- Comprehensive Benefits: Health insurance and retirement savings plans.
- Supportive Work Environment: A collaborative work environment that values diversity and inclusion.
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