Job Designation: 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 University's 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, including 8 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
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 nation's 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 India's most sought after academic community.
Skills Required
- Master’s degree or MBA with at least 55% marks or equivalent grade in a relevant discipline
- Professional qualification of CA or CMA (ICWA)
- At least 15 years of experience in administration or teaching and administration, including 8 years as Deputy Registrar or equivalent
- Comparable experience in financial administration in a government, semi-government, reputed organization, or higher education institution
- At least 15 years of experience as Assistant Professor/Lecturer, or 6 years as Associate Professor/Reader/Professor, with university or college financial administration experience
- Expertise in financial management, accounting, budgeting, taxation, and statutory compliance
- 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, integrity, confidentiality, accuracy, and financial discipline
What We Do
Established in 2006, the Shobhaben Pratapbhai Patel School of Pharmacy & Technology Management (SPPSPTM) aims to enhance the healthcare system through specialized pharmaceutical education and research, with courses tailored to the needs of the growing Pharma Industry and hospitals.
