Job Description – Chief Financial Officer (CFO)/Assistant Director-Commercial

Qualification: B.Com /M.Com /Chartered Accountant (CA) with sound knowledge of legal, taxation and statutory compliance matters. Additional qualification in Law (LL.B.) preferred.

Experience: Minimum 15 years of relevant experience in finance, accounts, taxation, audit and statutory compliance, preferably in research associations, autonomous institutions or government-funded organizations.

Key Responsibilities :

1. Financial Management & Administration

Oversee financial planning, budgeting, accounting, cash flow and fund management.
Ensure effective financial administration and long-term financial sustainability of the Association.
Monitor revenue, expenditure, investments and financial performance.

2. Accounts, Audit & Taxation

Supervise preparation of annual accounts, financial statements and statutory reports.
Ensure compliance with GST, Income Tax, TDS and other applicable taxation requirements.
Coordinate statutory, internal and government audits and ensure resolution of audit observations.

3. Legal & Statutory Compliance

Oversee legal and regulatory compliance applicable to the Association.
Review contracts, MoUs, agreements, tenders and other legal documents.
Coordinate with legal advisors on litigation, arbitration, contractual disputes and legal matters.
Ensure compliance with applicable labour laws, registration requirements and institutional regulations.

4. Research Project & Government Grant Management

Manage financial aspects of government-sponsored and industry-funded R&D projects.
Monitor project budgets, fund utilization, financial reporting and expenditure.
Ensure timely submission of Utilization Certificates (UCs), Statements of Expenditure (SoEs) and financial reports to funding agencies.
Ensure compliance with government grant conditions, procurement guidelines and financial regulations.

5. Governance, Risk Management & Institutional Development

Strengthen internal financial controls, transparency and accountability.
Identify and mitigate financial, legal, contractual and compliance risks.
Provide financial and legal advisory support to the Director and Governing Council.
Support financial planning for research infrastructure, capital investments and institutional development.

Essential Competencies

Strong expertise in financial management, accounting, taxation and auditing.
Sound knowledge of corporate and institutional laws, contracts and statutory compliance.
Experience in government grants, R&D project finance and institutional financial administration.
Strong leadership, analytical, negotiation and decision-making abilities.

Reporting Authority: Director

Pay: ₹1,200,000.00 - ₹1,500,000.00 per month

Benefits:

Provident Fund

Work Location: In person

THE BOMBAY TEXTILE RESEARCH ASSOCIATION

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Chief Financial Officer (CFO) /Assistant Director-Commercial