Finance Officer

Job Description

Job Title: Finance Officer Location: TIG (SRC) Group of Universities, West Bengal and Tripura Reports To: Vice Chancellor Position Type: Full-Time, Senior Administrative Role Position Overview: The Finance Officer is the principal executive officer in charge of the university's financial planning, management, compliance, and strategic resource allocation. This role ensures transparent, efficient, and compliant financial operations aligned with the university's academic and institutional goals. The Finance Officer is expected to maintain financial prudence, support institutional growth, and ensure adherence to statutory regulations and internal controls. Key Responsibilities: Financial Management & Budgeting Develop and oversee the university's annual budget , working closely with schools, departments, and central administration. Monitor and control expenditure within approved limits. Prepare quarterly and annual financial reports , forecasts, and budget variance analyses for the management and statutory bodies. Accounting & Audit Ensure accurate and timely maintenance of books of accounts as per applicable accounting standards. Liaise with internal and external auditors to conduct statutory, tax, and internal audits. Ensure timely submission of audit reports and financial statements to governing authorities. Compliance & Regulatory Reporting Ensure compliance with financial regulations under UGC, AICTE, State Government, MCA, Income Tax, GST, PF, ESI , and other applicable statutory bodies. Oversee timely filings of TDS, GST, IT returns, PF contributions, etc. Coordinate with regulatory bodies for inspections, clarifications, and financial disclosures. Institutional Finance & Fund Management Manage university funds, bank relationships, and optimize cash flow across departments. Prepare reports for Governing Body, Board of Management, and Finance Committee meetings. Supervise fee structures, scholarships, endowments, grants, and capital project budgeting. Procurement Oversight Establish procurement and tendering procedures as per university norms. Vet and approve large-value procurements, construction contracts, and service agreements. Strategic Financial Planning Advise the Vice Chancellor and Board on strategic financial decisions, including expansion, investments, partnerships, and infrastructure development. Prepare business models for new academic programs or revenue streams. Qualifications: Essential: Masters degree in commerce/finance/economics with at least 55% marks Professional Qualification (Preferred): Chartered Accountant (CA) or Cost Accountant (CMA) or MBA (Finance) from a reputed institution Experience: Minimum of 1015 years of relevant experience, with at least 5 years in a senior financial role in an educational institution, public sector, or corporate setting Key Skills & Attributes: In-depth knowledge of Indian accounting standards, taxation laws, and regulatory compliance applicable to educational institutions Proficiency in ERP systems, Tally, MS Excel , and data analytics tools Strong leadership, analytical, and problem-solving skills High integrity, accountability, and attention to detail Excellent interpersonal and communication abilities Compensation: Competitive and commensurate with qualifications and experience, as per university norms.