Company Description

Akhand Jyoti Eye Hospital, founded in 2005, is a non-profit organization under the Yugrishi Shriram Sharma Acharya Charitable Trust, striving to eliminate preventable blindness while addressing economic and gender disparities in underprivileged regions of Bihar and Uttar Pradesh. With a mission to create a blindness-free world and foster women's empowerment, the organization has become Eastern India's largest eye hospital. Operating through 46 vision centers and 5 surgical hospitals, Akhand Jyoti performs over 180,000 surgeries annually, with 80% of them being free for underprivileged patients. Driven by a holistic approach that integrates sight restoration, education, and gender equality, Akhand Jyoti aims to significantly expand its impact by 2030, targeting to restore sight to 2 million individuals and train 1,500 rural girls.

Role Description

The CFO will be the financial steward of Akhand Jyoti Eye Hospital, responsible for ensuring long-term financial sustainability while enabling Vision 2030. The role will lead all areas of finance, accounting, audits, taxation, compliance, donor reporting, and financial risk management across all entities and locations. The CFO will build robust systems and processes, and a values-driven finance team, to support high-volume, low-margin, mission-driven operations.

Key Responsibilities

1. Financial Strategy & Planning

Develop and implement medium- and long-term financial strategy aligned with Vision 2030.
Lead annual budgeting and rolling forecasts and business plans for all hospitals, vision centres, programmes, and support functions.
Support strategic decisions (capex projects, expansions, new programmes) with financial analysis, business cases, and scenario planning.
Ensure optimal capital structure and cash flow management to balance growth and risk.

2. Financial Accounting, Controls & Reporting

Oversee day-to-day accounting, finalisation of accounts, and consolidation of all entities (Trust, Section 8 companies, etc., as applicable).
Ensure timely preparation of monthly, quarterly, and annual financial statements as per applicable accounting standards.
Design and enforce robust internal control systems, financial policies, and SOPs across all units.
Implement and strengthen ERP/financial systems for accurate, real-time data and dashboards.

3, Purchase and Stores

· Oversee day-to-day activities of purchase department and stores

4. Taxation & Regulatory Compliance

Ensure full compliance with all applicable tax laws (Income Tax, TDS, GST, etc.) including timely payments, returns, and assessments.
Oversee all non-profit specific compliances (Trust/Charity laws, Societies/Trust Act as applicable, state registrations, etc.).
Coordinate with tax consultants for opinions, representations, assessments, and advance rulings where required.

5. FCRA & Donor Compliance

Lead all FCRA-related compliances, including registration, renewals, utilisation reporting, and liaison with authorities.
Ensure compliance with donor agreements, restricted funds usage, cost allocations, and reporting requirements.
Build systems for grant tracking, project-wise accounting, and utilisation certificates (UCs) within agreed timelines.

6. Audits & Governance

Lead statutory audit, internal audit, and special audits (donor, government, CSR, etc.), ensuring timely closure of observations.
Work closely with the Board, Finance Committee, and Audit Committee to provide clear, decision-ready financial information.
Establish and monitor internal audit and risk management mechanisms (in partnership with Concurrent/Internal Audit teams).

7. Treasury, Cash & Risk Management

Oversee treasury management (banking, investments within policy, cash flow planning).
Maintain adequate liquidity and reserves as per Board-approved policies.
Identify, assess, and mitigate financial risks including fraud, leakages, and cost overruns.

8. Team Leadership & Capacity Building

Build, mentor, and retain a strong finance team across locations.
Drive a culture of integrity, transparency, discipline, and service orientation in the finance function.
Work closely with the CEO, CGO, Medical Director, and other senior leaders including heads of fund raising, programmes and operations as a strategic business partner.

Co-ordinate with IT department for all digitisation requirements of the department

Qualifications & Experience

Chartered Accountant (CA) is mandatory.
Minimum 15 years of experience in finance and accounts, including at least 5–7 years in a leadership role.
Strong exposure to:

End-to-end accounting and finalisation

Audits (statutory & internal)

Taxation (direct and indirect)

Budgeting and financial planning

Experience in the non-profit / trust / Section 8 / healthcare / hospital sector is highly desirable.
Proven experience with FCRA, grant accounting, and donor reporting will be a significant advantage.
Prior experience in high-volume operations with multi-location entities preferred.

AKHAND JYOTI EYE HOSPITAL Jobs

Chief Financial Officer (CFO)