Deputy Finance Officer

Rashtreeya Sikshana Samithi Trust; Mysuru; On-site; INR 1,800,000 - 2,800,000; Full time

Job summary

A leading educational institution in Mysore is seeking a Deputy Finance Officer to manage financial planning, budget preparation, and statutory compliance. The ideal candidate should possess CMA (Final) or CA (Intermediate) qualifications along with 10+ years of relevant industry experience. Responsibilities include overseeing student fee collections, managing banking operations, and ensuring compliance with financial regulations. This full-time role offers a mid-senior level position in a dynamic educational environment.

Qualifications

• 10+ years of industry experience in finance.
• Experience in the education sector is an advantage.
• Strong ability to manage budgets and financial planning.

Responsibilities

• Prepare annual budgets and monitor budgetary control.
• Oversee student fee collections and other revenues.
• Ensure statutory compliance with taxes and regulations.
• Manage banking operations and optimize cash flow.

Skills

Financial Planning

Budget Management

Statutory Compliance

Team Leadership

Compliance

Audit

Vendor Management

MIS Reporting

Education

CMA (Final) / CA (Intermediate)

CA (Intermediate)

Tools

SAP accounting system

Job description

2 days ago Be among the first 25 applicants

For the past 80+ years, RV Educational Institutions has been committed to imparting quality education to one and all.

Our journey started under the exceptional leadership of our founder, Sri M. C. Sivananda Sarma. A freedom fighter, educator, and administrator, Sri Sarma was inspired by Gandhian principles to lay the foundations of our group and help fellow Indians realize their true potential.

Today, our institutions — from kindergarten to centers for higher studies — enable people from all sections of society to access affordable and world-class education.

Position : Deputy Finance Officer

Qualification & Experience

CMA (Final) / CA (Intermediate) with 10+ years of industry experience.

Job role

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.
• Maintain proper documentation for regulatory inspections.
• Prepare monthly, quarterly, and annual financial statements.
• Submit MIS reports to the Board/Trust on fees, costs, and fund utilization.
• 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).
• Supervise accounts staff, admission fee staff, and finance executives.
• Build capability in SAP accounting system usage.
• Train staff on compliance, accounting standards, and reporting requirements.
• 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.

-Compensation will be commensurate as per norms.

-Candidate having experience in finance background from education sector will be an added advantage.

Interested candidates meeting the criteria may apply and shortlisted candidates will be contacted shortly for interview.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Education

Industries

Higher Education and Accounting

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