Deputy Finance Officer

1 week ago

Bengaluru, Karnataka, India RV Educational Institutions Full time ₹ 1,04,000 - ₹ 1,30,878 per year

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.

Qualification:

CMA (Final) with 10+ years of industry experience

CA (Intermediate) with 10+ years of industry experience

Compensation will be commensurate as per norms

Candidate having experience in finance background from education sector will be an added advantage.Role & responsibilities

Preferred candidate profile

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