Chief Finance

**Roles and Responsibilities**

**Designation of **:Chief Finance & Accounts Officer**

**Reporting to : President/ Vice Chancellor**

**Duties and Responsibilities**
- Responsible for the effective and efficient Accounts & Finance support for University business restructuring, Funds flow management and ensuring effective management of Accounts & Financial risks.
- Maintenance and finalization of all accounts of all campuses of University and all functions related thereto
- Managing the finance, investments and funds, property and investments, including trust and endowed property, for furthering the objects of the university, with the approval of the President/Vice Chancellor.
- Conducting the annual financial audit and statutory compliances.
- Preparation and monitoring of annual financial budget
- Compiling with various obligation under Bombay Public Trust Act, Income Tax act, Service Tax act, profession tax act and employee provident fund act etc.
- Management of finance for building construction, redevelopment projects w.r.t. University.
- Prepare financial reports as required by the various authorities or bodies of the university, the State Government, the Central Government, the Central Educational Commissions or Councils, Commission, University Grants, Commission and All India Council for Technical Education and any such body providing funds to the university.
- The Chief Finance and Accounts Officer shall exercise general supervision over the funds of the university and advise the President/Vice-Chancellor as regards the finances of the University.
- Ensure that the registers of buildings, land, equipment, machinery and other assets are maintained up-to-date and that the physical verification and reconciliation of these assets and other consumable material in all offices, constituent schools, workshops and stores of the university are conducted regularly.
- Propose to the President/Vice-Chancellor that explanation be called for unauthorized expenditure or other financial irregularities from any academic member or non-vacation academic staff or an officer of the university of the rank of Assistant Registrar or equivalent and above.
- Propose to the Registrar that explanation be called from any non
- academic member of the university, other than the teacher, non-vacation academic staff and an officer of the university of the rank of Assistant Registrar or equivalent and above, for unauthorized expenditure or irregularities in any particular case, and recommend disciplinary action against the persons in default.
- Call for, from any office, centre, laboratory, department of the university or university institution, any information and returns that he thinks necessary for the proper discharge of financial responsibilities; Chief Finance and Accounts Officer.
- Maintain the minutes of the meetings of the Finance and Accounts Committee.
- Be responsible for preparation and maintenance of accounts by double entry accounting system, on accrual basis, presenting the annual financial estimates (budget), statement of accounts and audit reports, to the Finance and Accounts Committee and to the Management Council.
- Any other tasks assigned by President/Vice Chancellor from time to time
- A Qualified Chartered Accountant with Masters degree with at least 55% of the marks as per UGC Norms.
- 10 years of experience working with educational trust
- Should have sound knowledge of Legal matters and should have updated knowledge of Indian Laws.

**Perks and Benefits**
- Role:
Chief Financial Officer (CFO)
- Salary:
Not Disclosed by Recruiter
- Industry:
Education / Training
- Department:
Finance & Accounting
- Role Category:
Finance
- Employment Type:
Full Time, Permanent
- Key Skills

finance accounts

funds flow management

Fund Management

financial reporting

accounting system

Trust Accounting

Skills highlighted with ‘‘ are preferred keyskills
- Education
- PG:
CA in Any Specialization