Deputy Finance Officer

For the past 80+ years, RV Educational Institutions has been committed to imparting quality education to one and all.

Our journey started under the exceptional leadership of our founder, Sri M. C. Sivananda Sarma. A freedom fighter, educator, and administrator, Sri Sarma was inspired by Gandhian principles to lay the foundations of our group and help fellow Indians realize their true potential.

Today, our institutions — from kindergarten to centers for higher studies — enable people from all sections of society to access affordable and world-class education.

Position : Deputy Finance Officer

Qualification & Experience : CMA (Final) / CA (Intermediate) with 10+ years of industry experience.

Job role :

1. Financial Planning & Strategy

• Prepare annual budgets , departmental/School budgets, and rolling forecasts.
• Monitor budgetary control and report on variances (actual vs. budget).
• Advise management on financial planning, fee structure, and capital projects.
• Develop financial policies aligned with State regulations .

2. Income Management

• Oversee student fee collections , concessions, and refunds.
• Ensure timely accounting of hostel, transport, and auxiliary revenues .
• Monitor outstanding dues and coordinate recovery with student services.
• Supervise accounting of scholarships, grants, donations, and sponsorships .

3. Expenditure Control

• Authorize and monitor payroll, procurement, and operational expenses .
• Ensure 3-way matching (PO, invoice, goods receipt) for vendor payments.
• Manage vendor advances and settlements.
• Implement internal cost control measures without compromising academic quality.

4. Treasury & Cash Flow

• Manage banking operations, fund transfers, and reconciliations .
• Monitor working capital, fee inflows, and expenditure outflows.
• Ensure adequate liquidity for payroll, statutory dues, and capital projects.
• Optimize short-term investments of surplus funds.

5. Statutory Compliance

• Ensure timely filing of GST, TDS, PF, ESI, Professional Tax, and Income Tax returns.
• Comply with UGC/AICTE/State Education Department financial guidelines .
• Ensure audit compliance (internal, statutory, government audits).
• Maintain proper documentation for regulatory inspections.

6. Financial Reporting & MIS

• Prepare monthly, quarterly, and annual financial statements .
• Submit MIS reports to the Board/Trust on fees, costs, and fund utilization.
• Maintain department-wise income & expenditure statements .
• Generate reports for statutory bodies, funding agencies, and accreditation (NAAC, NBA,NIRF).

7. Internal Control & Audit

• Develop internal controls for fee collection, payments, and assets .
• Coordinate with internal and statutory auditors .
• Implement audit recommendations with timelines.
• Prevent fraud and misuse of university funds.

8. Asset & Project Management

• Maintain fixed asset register (labs, buildings, hostels, IT equipment).
• Ensure correct capitalization, depreciation, and insurance of assets.
• Monitor financial aspects of new infrastructure projects (hostels, research labs, classrooms).

9. Team Leadership

• Supervise accounts staff, admission fee staff, and finance executives.
• Build capability in SAP accounting system usage.
• Allocate responsibilities for fee collection, vendor management, payroll.
• Train staff on compliance, accounting standards, and reporting requirements.

10. Governance & Liaison

• Act as financial advisor to the Registrar, Vice-Chancellor, and Board of Governors .
• Liaise with banks, auditors, tax consultants, government bodies .
• Present financial performance in academic council/board meetings.
• Support long-term planning for sustainability and growth of the university.

-Compensation will be commensurate as per norms.

-Candidate having experience in finance background from education sector will be an added advantage.

Interested candidates meeting the criteria may apply and shortlisted candidates will be contacted shortly for interview.