Finance Officer

SVKM's Narsee Monjee Institute of Management Studies (NMIMS); Mumbai; On-site; INR 2,800,000 - 4,200,000; Full time

Job summary

NMIMS in Mumbai invites applications for the Finance Officer (Head Finance & Accounts – CFO level) role. The Finance Officer is the statutory head of the Accounts Department and provides strategic financial leadership in line with UGC regulations and university statutes.

You will oversee budgeting, statutory compliance, audit management, and financial reporting; coordinate with the CFO, deans, auditors, and stakeholders; and drive technology-enabled financial systems across the university.

Qualifications

• Master’s/MBA with at least 55% marks or CA/CMA qualification.
• Qualifications in line with UGC Regulations and university bye-laws.

Responsibilities

• Prepare the annual budgets, financial estimates and annual statements of accounts.
• Manage day-to-day accounting, cash flow, banking, fee collection, payments and vendor settlements.
• Present the annual accounts & financial estimates to finance committee and thereafter to Executive Council for approval.
• Ensure timely statutory payments, tax compliance, PF contributions and regulatory filings.
• Oversee payroll, employee reimbursements and final settlements.
• Ensure proper maintenance of financial records and Bank Reconciliation Statements.
• Manage accounting and financial matters of all Schools, Campuses and other units related to University.
• Serve as Ex-officio Non-Member Secretary of the Finance Committee and coordinate its meetings and minutes.
• Advise the Vice Chancellor and Management on financial matters, investments and financial controls.
• Coordinate with the CFO of SVKM, Deans, Directors, Auditors and other stakeholders on financial matters.
• Bring any unauthorised expenditure or financial irregularity to the notice of Executive Council and recommend appropriate corrective action.
• Monitor budget utilization & ensure that expenditure remains within the approved limit and is used for the purposes for which the funds are sanctioned.

Skills

Financial management

Accounting

Budgeting

Taxation

Statutory compliance

ERP systems

Leadership

Stakeholder management

Education

Master’s Degree/MBA or CA/CMA

CA/CMA qualification

Job description

Job Description

Finance Officer (Head Finance & Accounts – Equivalent to CFO at University level)

Job Summary

The Finance Officer is the statutory head of the Accounts Department and is responsible for providing strategic financial leadership, ensuring sound financial governance, budgeting, statutory compliance, audit management, financial reporting, and effective financial administration in accordance with UGC Regulations, University Statutes, Government Financial Rules (GFR), PFMS guidelines, and other applicable statutory requirements. The incumbent will support the Universitys financial sustainability through prudent financial planning, robust internal controls, and technology-driven financial systems.

Designation

Finance Officer (Head Finance & Accounts – Equivalent to CFO at University level)

Location

Mumbai

Department

Accounts

Key Responsibilities

• Prepare the annual budgets, financial estimates and annual statements of accounts
• Manage day-to-day accounting, cash flow, banking, fee collection, payments and vendor settlements
• Present the annual accounts & Financial estimates to finance committee and thereafter to Executive Council for approval
• Ensure timely statutory payments, tax compliance, PF contributions and regulatory filings
• Oversee payroll, employee reimbursements and final settlements
• Ensure proper maintenance of financial records and Bank Reconciliation Statements
• Manage accounting and financial matters of all Schools, Campuses and other units related to University
• Serve as Ex-officio Non-Member Secretary of the Finance Committee and coordinate its meetings and minutes
• Advise the Vice Chancellor and Management on financial matters, investments and financial controls
• Coordinate with the CFO of SVKM, Deans, Directors, Auditors and other stakeholders on financial matters
• Bring any unauthorised expenditure or financial irregularity to the notice of Executive Council and recommend appropriate corrective action
• Monitor budget utilization & ensure that expenditure remains within the approved limit and is used for the purposes for which the funds are sanctioned

Educational Qualification

• Master’s Degree/MBA with at least 55% marks or equivalent grade in a relevant discipline, or a professional qualification of CA/CMA (ICWA)
• The qualifications shall be in accordance with the applicable UGC Regulations and the University’s approved Bye-laws

Professional Experience

• At least 15 years’ experience in administration/teaching and administration, including8 years as Deputy Registrar or an equivalent post

OR

• Comparable experience in financial administration in a Government/Semi-Government institution, reputed organization, or Higher Education Institution

OR

• At least 15 years’ experience as Assistant Professor/Lecturer, or 6 years as Associate Professor/Reader/Professor, along with experience in financial administration in a University/College

Skills and Competencies

• Strong expertise in financial management, accounting, budgeting, taxation, and statutory compliance
• Sound knowledge of UGC Regulations, financial rules, audit procedures, and financial reporting
• Proficiency in ERP/accounting systems and financial data analysis
• Strong leadership, decision-making, problem-solving, and stakeholder management skills
• Excellent communication and interpersonal skills, with a high degree of integrity, confidentiality, accuracy, and financial discipline

In a Nutshell

Challenging & Statutory post in a top-ten private Deemed University

About Us

In 1981, Shri Vile Parle Kelavani Mandal (SVKM) established Narsee Monjee Institute of Management Studies (NMIMS) to meet the growing demand for management education. In 2003, NMIMS was declared a deemed to be university under Section 3 of the UGC Act 1956. The Vision of the University is to be a globally admired University by 2030. The Mission of NMIMS is to emerge as a Centre of Excellence, best in class in India and Asia and yearning to be the best in the world by 2030.

With the legacy of 40 years, NMIMS has grown to being not only one of the top-10 B-schools in India but also emerged as a multi-disciplinary, multi-campus University at Mumbai, Navi Mumbai, Indore, Shirpur, Dhule, Bengaluru, Hyderabad and Chandigarh and seventeen constituent schools that include Management, Family Business, Engineering, Pharmacy, Architecture, Commerce, Economics, Law, Science, Liberal Arts, Design, Performing Arts, Mathematical Science, Agricultural Science, Hospitality Management, Branding & Advertising and Distance Learning. In addition, we have nine Centres of Excellence as well at the University.

The consistent academic quality, research focus, faculty from top national and global institutes and strong industry linkages at NMIMS have placed it amongst the nations prime centres of educational excellence and research today. More than 17000 students and about 750 full-time faculty members, 10 faculty members with Fulbright Scholarship and Humboldt International Scholarship for post-doctoral researchers are part of Indias most sought after academic community.

Requirements