chief financial officer (cfo) for a leading educational group

Org Wise • Hyderābād, Telangana, India • 3d ago

CA with at least 15+ years of leadership experience in managing financials of an educational group. Experience in education sector is MUST..

Key Skills: experience and skill in CBSE or PSEB affiliated School, good written & verbal communication skills and organizational skills.

Job Profile:

The CFO will be responsible to oversee all financial and administrative aspects of the group of institutions by diligent monitoring of all financial activities, usage of a financial system for responsible accounting and integrity in information, including budget and periodic reports, and an annual independent audit. Additionally, you will ensure safeguarding of group resources through effective execution of financial planning and management, implementation of strong risk management and financial control policies to drive fiscal discipline within the organization.

Budgeting and Planning:

In collaboration with the CEO, COO, the Leadership team, School/Unit and school administration, prepare five-year rolling plans, including annual budgets, monthly and quarterly reports with explanations for variations and narratives, monthly cash flow reports and forecasts.
Preparation of Company's multi-year financial and sustainability projections.
Provide budget information and monthly statements of expenditure to program managers.

Accounting & Statutory Compliances:

Prepare the accounts for the annual audit of managed units and involve in appointment of statutory auditors and ensure compliance with the audit requirements.
Ensure strong fiscal and administrative controls over expenditures through a robust internal control framework.
Ensure compliance to all legal & statutory requirements, including compliances under the Companies Act, Income tax Act, FCRA, etc.

Financial Systems:

Monitor financial systems and processes encompassing fee collection through the Student Information System (SIS), accounting and reporting through the Financial Information System (FIS) and in association with HR the payroll system through the HRIS platform.
Establish internal financial controls and ensure the financial accounts/reports are in compliance with applicable laws, policies, standards, regulations, and generally accepted accounting principles and practices.

Finance Management:

In collaboration with the COO develop strategies for management of the funds sourced, and deployment of the same, including the investment of the funds.

Risk management & Legal matters:

Shall act as the Risk Manager for the organization, including that of the managed units, and accordingly lead in the assessment, management and mitigation of the identified risks.

Capital Projects:

Oversee construction projects budget utilization and ensure the smooth release of funds for the project.
Closely monitor contracting and tendering in respect of capital projects, including the terms and conditions and do the legal vetting as needed.

Other Secretarial responsibility:

Support the Finance and Audit Committee (FAC) of the Board of Directors in the discharge of its responsibilities and act as the Secretary of the Board of Directors.

Candidate Profile:

Excellent MS Excel and knowledge of financial data management tools.