CFAO

2 weeks ago

pune, India MIT World Peace University Full time
Title : CFAO( Chief Finance & Accounts 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 Finance and Accounts 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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