Accounts & Finance Executive

**Job Description: Accounts & Finance**Executive

**Reporting To**: Director, IITDM Vizag

**Role Overview**: This is a full-time on-site role for Executive - Accounts & Finance at IITDM Vizag. The Manager will oversee all accounting and financial aspects of the institute, including budgeting, financial reporting, auditing, and planning. Key responsibilities include managing financial transactions, preparing statements, payroll processing, and ensuring compliance with financial regulations. Additionally, expertise in laws and documentation under the Societies Registration Act, 1860, is essential.

**Key Responsibilities**:
**1. Financial Reporting**
- Oversee accurate and efficient day-to-day bookkeeping, including month-end, quarter-end, and year-end closing.
- Ensure the timely and accurate preparation of financial statements.
- Manage accounts payable (AP), accounts receivable (AR), balance sheets, and profit & loss statements.

**2. Statutory Compliance and Audit**
- Lead the statutory audit process, ensuring timely completion with no significant observations.
- Coordinate proactively with statutory auditors to address any issues.
- Ensure compliance with applicable financial regulations and standards.

**3. Taxation**
- Oversee GST, TDS, and Income Tax compliance, including timely and accurate filing of returns.
- Ensure adherence to tax regulations, timely payment of taxes, and accurate tax assessments.
- Coordinate with tax auditors and consultants for audits and return filings.

**4. Management Information System (MIS)**
- Prepare and present MIS reports to senior management as required.
- Review expense reports and follow up with departments for timely submissions.

**5. Financial Planning and Analysis**
- Support forecasting, budgeting, and variance analysis to track financial performance.
- Provide strategic insights through in-depth financial analysis.

**6. Internal Control and Policy Development**
- Strengthen and maintain internal controls and financial policies to ensure accurate reporting and operational efficiency.
- Formulate and implement policies aligned with institutional objectives.
- Lead initiatives for process automation, IT dashboard development, and documentation of internal processes.

**7. Strategic Financial Leadership**
- Collaborate with senior management for strategic decision-making and long-term planning.
- Contribute to the governance and control framework, ensuring transparency and accountability.
- Actively participate in the Purchase Committee and Finance Committee to ensure robust financial governance.

**8. Team Leadership and Stakeholder Management**
- Supervise and mentor the finance and accounts team, ensuring adherence to standards and policies.
- Manage relationships with internal and external stakeholders, including auditors, consultants, bankers, and regulatory bodies.

**9. Payroll and Purchase Governance**
- Ensure efficient payroll management and compliance with statutory requirements.
- Oversee and enhance purchase governance processes to align with institutional standards.

**10. Societies Act Compliance**
- Ensure compliance with laws and documentation requirements related to the Societies Act.
- Provide guidance on legal and financial matters specific to the governance of societies.

**Qualifications**:
**Education**:

- Chartered Accountant (CA) qualification is mandatory.
- Bachelor’s degree in finance, Accounting, or a related field. MBA in Finance or technical qualifications are advantageous.

**Experience**:

- 2 - 3 years of experience in finance and accounting roles, preferably in academic institutions, manufacturing industries, or large-scale organizations.
- Prior experience in statutory audits, taxation, financial planning, and policy formulation.

**Technical Skills**:

- Proficiency in financial reporting, accounting standards, and compliance with regulations.
- Hands-on experience with accounting software such as Tally, SAP ERP systems, or Microsoft Dynamics.
- Strong IT knowledge with a focus on automation and process improvements.

**Soft Skills**:

- Strong analytical and problem-solving abilities.
- Excellent communication and interpersonal skills, both verbal and written.
- Attention to detail and cost-consciousness.
- Proactive and hands-on approach to work, especially in a dynamic environment.

**Competencies**:

- Stakeholder management
- Governance and control
- Financial acumen and strategic planning
- Leadership and team management
- Process automation and innovation

**Benefits**:

- Flexible schedule
- Food provided
- Life insurance
- Paid time off
- Provident Fund

Schedule:

- Day shift

**Education**:

- Bachelor's (preferred)

**Language**:

- English (required)

License/Certification:

- Chartered Accountant (required)

Work Location: In person