Finance Manager jobs

About IFACET

IFACET is a Section 8 company established to drive industry-oriented education, training, skilling, consulting, and outreach initiatives associated with Indian Institute of Technology Kanpur.

IFACET aims to create a professionally managed, self-sustaining ecosystem for continuing education, executive learning, industry engagement, digital learning platforms, and strategic institutional initiatives. The organization operates with startup-like agility while adhering to the governance and compliance framework applicable to Section 8 entities under the Companies Act, 2013.

Job Summary

The Senior Manager – Finance & Accounts will lead the financial management, accounting, budgeting, and compliance functions of the IFACET. The role is responsible for ensuring sound financial governance, donor/grant fund management, statutory compliance (Companies Act, Income Tax, GST/TDS), and timely, accurate financial reporting to the Board, donors, and regulatory authorities.

Key Responsibilities

1. Financial Planning & Management

• Lead annual budgeting, financial forecasting, and cash-flow planning for the organization

• Monitor budget utilization across programmes/projects and flag variances to management

• Advise the Board and leadership on financial strategy, sustainability, and resource allocation

• Oversee fund management to ensure restricted and unrestricted funds are tracked and utilized appropriately

2. Accounting & Bookkeeping

• Supervise day-to-day accounting operations – ledgers, journal entries, bank reconciliations, payables/receivables

• Ensure accurate maintenance of books of accounts as per applicable Accounting Standards (Ind AS/AS, as applicable to non-profits)

• Oversee payroll processing, statutory deductions, and employee reimbursements

• Maintain fixed asset register and ensure proper depreciation accounting

3. Statutory & Regulatory Compliance

• Ensure compliance with the Companies Act, 2013 (Section 8 provisions) relating to financial statements and filings

• Ensure timely filing of Income Tax returns, TDS returns, GST returns, and compliance with 12A/80G/12AB conditions

• Coordinate statutory, internal, and specific audits; ensure timely closure of audit observations

4. Internal Controls & Risk Management

• Design, implement, and monitor internal financial controls and SOPs

• Ensure segregation of duties and adherence to procurement and expenditure approval matrices

• Identify financial risks and recommend mitigation measures to management/Board

• Prevent and detect financial irregularities; strengthen anti-fraud mechanisms

5. Reporting & Board Support

• Prepare monthly, quarterly, and annual financial statements (Balance Sheet, Income & Expenditure, Cash Flow)

• Present financial performance and MIS reports to the Committee

• Support preparation of the Annual Report's financial section

• Coordinate with the Company Secretary/Legal team for ROC and other statutory filings

6. Team & Systems Management

• Supervise and mentor the finance and accounts team

• Oversee accounting software/ERP systems and drive process automation

• Build finance capacity of programme teams on budgeting and expense compliance

Key Responsibilities

• CA / CMA / MBA (Finance) or equivalent professional qualification

• 8–12 years of relevant experience in finance & accounts

• Strong working knowledge of Companies Act (Section 8), Income Tax provisions for non-profits (12A/80G/12AB), GST, and TDS

• Experience with financial reporting and multi-funder fund accounting

• Proficiency in accounting and MS Excel

Competencies

• Strong analytical and financial reporting skills

• Sound knowledge of non-profit accounting standards and regulatory compliance

• Budgeting, forecasting, and fund management expertise

• Team leadership and stakeholder management

• High attention to detail, integrity, and ability to manage multiple compliance deadlines

Pay: ₹100,000.00 - ₹800,000.00 per month

Work Location: Hybrid remote in Kanpur, Uttar Pradesh (Kanpur)