Finance & Accounts Specialist

nAbout Us

nnThe Indian Institute of Technology Bombay (IIT Bombay), established in 1958, is one of India's premier institutions for science, engineering, and technology education and research. Recognised as an Institution of Eminence by the Ministry of Education, IIT Bombay is globally known for academic excellence and innovation.

nnThrough the Educational Outreach (EO) Office, IIT Bombay delivers continuing and executive education for working professionals in India and abroad. EO enables learners to access IIT Bombay's world-class faculty and research expertise through online, hybrid, and in-person programmes that blend academic depth with industry relevance.

nnRole Overview

nnThe Finance & Accounts Specialist will anchor the financial operations of executive education programmes under Educational Outreach, IIT Bombay. The role requires hands-on ownership of accounting, compliance, and financial reporting, along with close coordination with programme teams, participants, and the Institute's Finance & Accounts Office.

nnKey Responsibilities

nn Financial Management

nManage end-to-end financial operations across executive education programmes.

nMonitor programme budgets, revenues, and expenditures.

nTrack fee collections, refunds, and outstanding receivables.

nPrepare programme-wise financial summaries and financial statements.

nEnsure compliance with GST, TDS,



and applicable statutory regulations.

nSupport internal and external audits.

nMaintain complete documentation for compliance and audit readiness.

nn Accounting & Bookkeeping

nMaintain accurate books of accounts for all programme-related transactions.

nProcess invoices, receipts, and journal entries.

nEnsure proper allocation of revenues and costs.

nConduct regular bank and ledger reconciliations.

nn Billing & Financial Reporting

nRaise invoices and coordinate with participants and corporate partners for collections.

nTrack outstanding payments and ensure timely follow-up.

nMaintain participant-level financial records.

nPrepare periodic MIS and financial reports for management.

nProvide insights into programme financial performance.

nSupport budgeting and forecasting activities.

nn Eligibility Criteria

nB.Com / Bachelor's degree in Accounting or Finance with a minimum of 8 years of relevant experience

nnOR

nnMBA (Finance) / M.Com / CA (Inter) / CMA (Inter) with a minimum of 5 years of relevant experience

nPreferred Qualifications

nCA / CMA (fully qualified)

nExperience in programme finance or project accounting, preferably within the education sector

nnn Please Note

nThis is a Mumbai-based, on-campus role at IIT Bombay.

nOnly shortlisted candidates will be contacted.

📌 Finance Specialist (Mumbai)
🏢 Educational Outreach, IIT Bombay
📍 Mumbai