Finance Officer

1 day ago

Patia Bhubaneswar Orissa, India SRUSTI ACADEMY OF MANGEMENT Full time

**Job Title**: Finance Officer
**Department**: Finance
**Reports to**: Director/Dean/Principal

**Job Purpose**:
To oversee and manage all financial activities within the institution, ensuring compliance with legal regulations and maintaining financial stability. The Finance Officer will be responsible for financial planning, reporting, budgeting, and ensuring proper financial controls and audits.

**Key Responsibilities**:

- **Financial Planning and Budgeting**:

- Prepare and monitor the annual budget in collaboration with relevant departments.
- Ensure that the institution’s financial goals align with its educational objectives.
- **Financial Management**:

- Oversee the college’s accounts, including revenue, expenditure, and financial transactions.
- Maintain accurate and up-to-date financial records in compliance with relevant standards and regulations.
- Manage payroll, including faculty and staff salaries, tax deductions, and benefits.
- **Accounting and Reporting**:

- Prepare monthly, quarterly, and annual financial statements.
- Monitor cash flow and manage the institution's funds effectively.
- Ensure timely submission of tax returns and other regulatory filings.
- **Internal Controls and Audits**:

- Develop and enforce internal controls to safeguard the institution's financial assets.
- Coordinate with external auditors for annual audits and ensure all findings are addressed.
- **Compliance**:

- Stay informed on all financial regulations and ensure the college is in compliance with local, state, and national laws.
- Ensure adherence to financial policies, including those related to procurement, student fees, grants, and donations.
- **Financial Advisory**:

- Advise the management team on financial planning, budgeting, and cost control measures.
- Provide financial insights for decision-making, ensuring that funds are used optimally.
- **Reporting to Stakeholders**:

- Provide regular financial reports to the governing board, management, and stakeholders.
- Respond to queries from departments and external bodies regarding financial matters.

**Qualifications and Skills**:

- **Education**:

- Bachelor/Master Degree in Commerce (B-Com / M-Com) (Master’s preferred).
- Professional certification will be an added advantage.
- **Experience**:

- Proven experience (2-3 years) in financial management, accounting, or related roles, preferably in an educational institution.
- **Skills**:

- Strong analytical skills and attention to detail.
- Proficient in financial software (e.g., Tally, ERP systems) and MS Excel.
- Knowledge of financial regulations and accounting standards.
- Strong communication skills and the ability to work with various departments.

**Personal Attributes**:

- Strong ethical standards and integrity.
- Ability to handle sensitive financial information confidentially.
- Organized and capable of managing multiple tasks and priorities.
- Proactive, with a solution-oriented mindset.

**Working Conditions**:

- Full-time position.

**Job Types**: Full-time, Permanent

Pay: Up to ₹25,000.00 per month

**Benefits**:

- Provident Fund

Schedule:

- Day shift

Supplemental Pay:

- Performance bonus
- Yearly bonus

Work Location: In person

Application Deadline: 20/12/2024

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