Senior Vice Chancellor of Finance

3 weeks ago


Chennai, Tamil Nadu, India Krea University Full time
Job Overview

The Senior Vice Chancellor of Finance at Krea University is a pivotal role that oversees the entire financial operation of the institution. This position plays a crucial part in shaping the university's strategic planning, financial management, and long-term financial sustainability.

Responsibilities
  • Strategic Financial Leadership:
    • Develop and implement the university's financial strategy aligned with its mission, vision, and goals.
    • Provide expert advice to the Vice Chancellor on financial planning, budgeting, cash flow, investment priorities, and policy matters.
    • Participate in the university's strategic planning process, offering financial analysis and guidance on long-term financial planning.
  • Financial Planning and Analysis:
    • Lead the preparation and presentation of the annual budget, ensuring alignment with institutional priorities.
    • Oversee the development of multi-year financial forecasts and scenario planning.
    • Conduct financial analysis and modeling to support decision-making, including analysis of potential new programs, initiatives, and capital projects.
  • Budget Management:
    • Oversee the management and monitoring of the university's operating and capital budgets.
    • Ensure accurate and timely reporting of financial information to internal and external stakeholders.
    • Work closely with academic and function heads to ensure budgetary discipline and effective resource allocation.
  • Financial Reporting and Compliance:
    • Guarantee all financial reporting is accurate, timely, and compliant with applicable laws, regulations, and accounting standards.
    • Oversee the preparation of financial statements, including the annual audited financial report.
    • Manage relationships with external auditors, regulatory bodies, and financial institutions.
  • Investment Management:
    • Manage the university's investment portfolio, taking guidance from the Vice Chancellor and the Audit Committee to maximize returns while managing risk.
    • Oversee the university's endowment funds, ensuring compliance with donor intent and legal requirements.
    • Provide regular reports on investment performance and recommend adjustments to the investment strategy.
  • Risk Management and Internal Controls:
    • Develop and oversee the university's financial risk management strategies, including insurance, debt management, and contingency planning.
    • Ensure the implementation and maintenance of effective internal controls to safeguard university assets.
    • Conduct periodic reviews of financial policies and procedures to ensure compliance and efficiency.
  • Leadership and Team Development:
    • Lead and mentor the finance team, fostering a culture of excellence, accountability, and continuous improvement.
    • Provide leadership in the recruitment, development, and retention of high-performing finance professionals.
    • Promote a collaborative and inclusive environment, working across departments to achieve the university's financial goals.
  • Qualifications and Experience:
    • A minimum of 10-15 years of progressively responsible experience in financial management, including experience at the senior executive level in higher education or a similar non-profit environment.


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