Finance Head

SITASRM Institute of Management & Technology

JD-Finance/Accounts Head

Job Title: Finance/Accounts Head

Job Type: Full-Time, On-site

Location: Greater Noida, Uttar Pradesh, India

CTC: Commensurate with experience and best in the industry

About SITASRM Institute of Management and Technology (SIMT)

SITASRM Institute of Management and Technology (SIMT) is a premier institution offering UG and PG programs in Management and Computer Applications (BBA, BCA, MBA–Dual Specializations, MCA). Affiliated with AKTU and approved by AICTE, SIMT is dedicated to fostering future leaders through an AI & NEP 2020 aligned curriculum, state-of-the-art facilities, and a vibrant campus environment focused on research and industry-ready skills.

Job Summary

The Finance/Accounts Head will be a strategic leader responsible for overseeing all accounting operations, financial reporting, and fiscal compliance of SITASRM Institute of Management and Technology. This pivotal role ensures accurate financial record-keeping, adherence to regulatory standards, efficient resource utilization, and transparent reporting, directly supporting the institute's sustainable growth and strategic objectives in line with Indian educational norms.

Key Responsibilities

• Financial Planning & Budgeting: Lead the development, implementation, and monitoring of annual budgets and long-term financial forecasts for the institute, ensuring alignment with academic and operational goals.
• Financial Reporting & Analysis: Prepare accurate and timely financial statements (Profit & Loss, Balance Sheet, Cash Flow), management reports, and variance analyses for internal and external stakeholders, including statutory bodies and the Governing Body.
• Audit & Compliance: Manage internal and external audits, ensuring strict adherence to Indian accounting standards (IND AS/AS as applicable), Income Tax laws, Goods and Services Tax (GST) regulations, and specific financial norms stipulated by educational regulatory bodies like AICTE, UGC, and AKTU.
• Revenue & Expense Management: Supervise student fee collection processes, manage vendor payments, oversee payroll processing, and implement robust internal controls for cost management and expenditure tracking.
• Accounts Receivable & Payable: Oversee the efficient management of accounts receivable (student fees, grants) and accounts payable (vendor invoices, operational expenses), ensuring timely reconciliation and accurate recording.
• Financial Systems & Controls: Implement, maintain, and optimize robust financial accounting systems (e.g., ERP modules for finance and accounting) and internal controls to safeguard assets, ensure data integrity, and prevent discrepancies.
• Strategic Financial Advice (Accounting Focus): Provide expert financial insights and recommendations to the Director and Governing Body based on accurate accounting data and compliance requirements for strategic decision-making and resource allocation.
• Team Leadership: Lead, mentor, and manage the finance and accounts team, fostering a culture of accuracy, efficiency, compliance, and continuous professional development.
• Statutory Filings & Record-Keeping: Ensure timely and accurate submission of all statutory returns (e.g., Income Tax, GST, TDS) and maintain comprehensive financial records as per Indian legal and educational guidelines.

Qualifications & Skills

Required Qualifications & Experience:

• Master's Degree in Finance, Accounting, Business Administration (MBA Finance), or a professional qualification such as CA (Chartered Accountant) / CMA (Cost and Management Accountant).
• Minimum 7 years of progressive experience in finance and accounts, with at least 3 years in a senior managerial role, preferably within the education sector or a similar not-for-profit organization in India.
• Demonstrated experience in financial accounting, budgeting, statutory reporting, and audit management.

Skills Required:

• Strategic Financial Management (Accounting Perspective): Ability to develop and execute financial strategies that support organizational growth and sustainability, grounded in sound accounting practices.
• ERP Systems Proficiency: Advanced practical experience with leading Enterprise Resource Planning (ERP) systems and their financial and accounting modules (e.g., SAP, Oracle, Tally ERP for larger institutions).
• Financial Data Analytics: Strong capability in using data analytics tools for financial reporting, compliance monitoring, and identifying accounting anomalies.
• Regulatory & Tax Compliance: In-depth knowledge of Indian Accounting Standards (IND AS/AS), Income Tax laws, GST regulations, Provident Fund (PF), Employees' State Insurance (ESI), and specific financial regulations for educational institutions (AICTE/UGC financial norms).
• Risk Management (Accounting & Compliance): Proactive identification, assessment, and mitigation of financial accounting risks and compliance issues.
• Digital Transformation in Finance: Vision and ability to drive automation and digitalization of core accounting processes (e.g., paperless accounting, automated ledger reconciliation, digital financial reporting).
• Leadership & Team Development: Proven ability to lead, motivate, and develop a high-performing finance and accounting team.
• Communication & Presentation: Excellent skills in presenting complex financial information and compliance requirements clearly to diverse internal and external stakeholders.
• Stakeholder Management: Ability to build strong relationships with auditors, tax authorities, regulatory bodies, and internal departments.

Work Environment & Schedule

Environment: This role is based on the SIMT campus within a professional administrative office environment. It requires close collaboration with senior leadership, department heads, and external financial partners.

Schedule: Standard institutional working hours apply. Flexibility may be required to meet reporting deadlines, during audit periods, or for specific financial year-end activities.

Job Type: Full-time

Pay: From ₹30,000.00 per month

Schedule:

• Day shift

Work Location: In person