Finance Officer

Chartered Accountant (CA) with 12 15 years of progressive financial leadership experience, preferably in a university or higher education institution.

Financial Leadership & Strategy

• Lead and oversee the financial operations of the organization, ensuring alignment with business objectives.
• Provide strategic financial guidance to the Founding Team and promoters in the establishment and expansion of Wellington College Schools in India.
• Develop financial models, projections, and feasibility studies to support growth and investment decisions.

• Develop, implement, and monitor budgets for both project and operational functions.
• Ensure financial planning supports the institutions short-term and long-term strategic goals.
• Conduct variance analysis and recommend corrective actions to optimize financial performance.

• Ensure timely compliance with statutory requirements including TDS, GST, and other tax laws.
• Oversee internal and external audits, ensuring adherence to applicable accounting standards and regulatory requirements.
• Work closely with auditors, ensuring financial statements are prepared in accordance with applicable laws and regulations.

• Develop and implement robust internal control systems to safeguard assets and ensure financial integrity.
• Ensure proper documentation, approvals, and substantiations for financial transactions to pass independent and statutory audits.
• Review and enhance financial policies and controls in collaboration with external consultants, including Big Four accounting firms.

• Oversee banking relationships, including project finance arrangements and compliance with foreign exchange regulations.
• Ensure efficient cash flow management, liquidity planning, and financial stability of the organization.
• Work with financial institutions to secure funding and optimize capital structure.

• Monitor and oversee the books of accounts and reporting systems to ensure compliance with appropriate accounting standards and regulatory requirements
• Prepare and present periodic financial reports for Finance Sub-committee and Governing Board meetings.
• Maintain accuracy in financial tracking, reporting, and compliance with the chart of accounts.
• Ensure financial transparency and accountability across all operational and project-related expenditures.

• Ensure compliance with direct and indirect tax regulations, including corporate tax, withholding taxes, and expatriate staff social security requirements.
• Address and manage any taxation issues in coordination with legal and financial advisors.

• Implement financial systems and tools to improve financial management efficiency.
• Introduce best practices in financial operations, leveraging technology to enhance accuracy and reporting.
• Continuously improve financial processes to achieve cost efficiency and operational effectiveness.

• Collaborate with internal and external stakeholders to drive financial sustainability and compliance.
• Communicate financial insights and recommendations to senior leadership for informed decision-making.

• Ensure effective revenue management fee collection, receivables, revenue recognition etc
• Co-ordinate statutory and internal audits
• Participate in the annual budgeting and planning process
• Conceptualize and implement cost optimization initiatives
• Manage the cash flow of the University
• Prepare notes, analysis and documents for finance committee meetings and Board of Governors meetings
• Ensure compliance to University Act and Statutes
• Ensure fixed assets / capex are properly accounted and effectively utilized.

https://dituniversity.keka.com/careers/jobdetails/20298