We are looking for an experienced and commercially oriented Finance Manager to lead the financial planning, budgeting, forecasting, costing, financial analysis, reporting, and financial control functions of the organisation.

The Finance Manager will be responsible for providing accurate financial insights to management, monitoring revenue and expenditure, analysing cost variations, preparing budgets and forecasts, evaluating profitability, managing cash flow, and supporting management in financial decision-making.

The role will also oversee accounting operations, statutory compliance, payroll coordination, fee collections, reconciliations, and audit requirements.

The ideal candidate should have strong financial analysis skills, advanced Excel knowledge, excellent commercial understanding, and the ability to convert financial data into actionable business insights.

KEY RESPONSIBILITIES

1. Financial Planning & Budgeting

- Prepare annual, quarterly, and monthly financial budgets.
- Develop centre-wise and department-wise budgets for revenue, operating expenses, manpower, marketing, infrastructure, and other operational costs.
- Prepare budget vs. actual financial reports.
- Monitor budget utilisation and identify areas of overspending.
- Work with department heads and management to prepare realistic financial plans.
- Establish financial targets and monitor performance against approved budgets.
- Review and revise budgets based on business requirements and management decisions.
- Ensure expenses remain within approved financial limits.

1. Financial Forecasting

- Prepare monthly, quarterly, and annual financial forecasts.
- Develop revenue forecasts based on admissions, course enrolments, fee structures, student intake, and collection trends.
- Forecast operating expenses, manpower costs, marketing expenditure, infrastructure costs, and other major expenses.
- Prepare rolling forecasts based on actual business performance.
- Identify potential financial gaps and provide early warnings to management.
- Analyse future cash requirements and funding needs.
- Support management in financial planning for new courses, centres, projects, and business initiatives.

1. Costing & Cost Management

- Prepare detailed costing for courses, programmes, projects, and new business initiatives.
- Analyse direct and indirect costs associated with each course/programme.
- Calculate cost per student, cost per batch, cost per course, and operational cost per centre.
- Analyse manpower, faculty, marketing, infrastructure, administrative, and other operating costs.
- Identify opportunities for cost optimisation without compromising operational quality.
- Monitor fixed and variable costs.
- Review vendor costs, service charges, procurement costs, and recurring expenses.
- Develop cost-control measures and monitor their implementation.

1. Cost Variation & Variance Analysis

- Conduct Budget vs. Actual variance analysis on a monthly basis.
- Analyse revenue, expenditure, manpower, marketing, operational, and other cost variations.
- Identify the reasons behind significant cost deviations.
- Prepare Cost Variance Reports for management review.
- Analyse favourable and unfavourable variances.
- Recommend corrective actions for recurring or abnormal cost variations.
- Monitor cost trends and identify potential areas of financial risk.
- Compare actual operational performance with approved financial assumptions.

1. Revenue & Profitability Analysis

- Monitor centre-wise and course-wise revenue performance.
- Analyse gross margin, contribution margin, operating margin, and profitability.




- Prepare course-wise and centre-wise profitability statements.
- Analyse revenue per student and average fee realisation.
- Monitor discounts, concessions, refunds, cancellations, and their impact on revenue.
- Identify profitable and underperforming courses/programmes.
- Conduct break-even analysis for courses, batches, centres, and projects.
- Calculate the minimum student enrolment required to achieve break-even.
- Provide profitability insights to management before launching new courses or programmes.

1. Financial Modelling & Business Analysis

- Develop financial models for new courses, centres, projects, and business proposals.
- Prepare ROI, break-even, payback period, and profitability analysis.
- Evaluate the financial feasibility of proposed business initiatives.
- Prepare scenario analysis such as:
- Best-case scenario
- Base-case scenario
- Worst-case scenario
- Analyse the financial impact of changes in course fees, student intake, salaries, marketing costs, faculty costs, and other operating expenses.
- Support management with data-driven financial recommendations.

1. Cash Flow Management

- Prepare and monitor monthly and rolling cash-flow forecasts.
- Monitor expected collections and upcoming financial obligations.
- Ensure sufficient liquidity for salaries, vendors, statutory payments, rent, operational expenses, and other commitments.
- Analyse cash inflows and outflows.
- Identify potential cash-flow shortages in advance.

- Monitor receivables and outstanding student fees.
- Improve collection cycles and working-capital management.
- Coordinate with management regarding major payments and financial commitments.

1. Management MIS & Financial Reporting

- Prepare comprehensive Monthly Management Information System (MIS) reports.
- Provide management with timely financial dashboards and analysis.

- Prepare reports covering

- Revenue

- Expenses
- Budget vs. Actual

- Cost Variance

- Profitability

- Cash Flow

- Receivables

- Payables
- Centre-wise performance
- Course-wise performance
- Present key financial findings and significant deviations to management.

- Highlight financial risks, trends, opportunities, and areas requiring management attention.

1. Financial Performance Centre & • Department Wise

- Monitor the financial performance of individual centres and departments.
- Prepare Centre-wise P&L; statements.
- Analyse revenue and expenditure by centre.
- Compare financial performance between centres and reporting periods.
- Monitor centre-level profitability and contribution.
- Identify operational areas causing financial underperformance.
- Work with Centre Heads and department heads to improve financial efficiency.

1. Student Fee & • Revenue Management

- Monitor student fee collections and outstanding receivables.
- Analyse collection performance against targets.
- Prepare fee collection forecasts.
- Monitor overdue fees and ageing reports.
- Analyse the financial impact of refunds, cancellations, discounts, and fee concessions.
- Ensure all revenue is accurately recorded and reconciled.
- Coordinate with Admissions, HR, and Centre Heads to improve collection efficiency.

1. Financial Controls & • Expense Monitoring





- Establish and maintain effective financial controls.
- Review expenditure against approved budgets.
- Ensure appropriate approval procedures are followed before financial commitments are made.
- Monitor unauthorised, unusual, or excessive expenditure.
- Review recurring expenses and identify potential savings.
- Maintain proper financial documentation and approval records.
- Strengthen internal controls to minimise financial leakage and errors.

1. Accounting & • Bookkeeping Oversight

- Oversee day-to-day accounting activities.
- Ensure accurate recording of income, expenses, assets, liabilities, receivables, and payables.
- Review journal entries, payment vouchers, receipts, purchase invoices, and expense claims.
- Ensure timely bank and ledger reconciliations.
- Review monthly closing of accounts.
- Coordinate with the Accounts team for accurate and timely financial records.

1. Payroll & • Employee Cost Analysis

- Coordinate with HR and Accounts for monthly payroll processing.
- Review total manpower costs against the approved budget.
- Analyse salary, incentives, overtime, allowances, and other employee-related costs.
- Prepare manpower cost forecasts.
- Analyse employee cost as a percentage of revenue.
- Monitor changes in manpower costs and identify significant variations.
- Review salary revisions and their financial impact.

1. Procurement & • Vendor Cost Analysis

- Analyse vendor quotations and procurement costs.
- Compare historical prices and current quotations.
- Conduct vendor cost comparisons and support management in commercial negotiations.
- Monitor recurring vendor expenses.
- Analyse price increases and their impact on operating costs.
- Support management in identifying cost-saving opportunities.

1. Investment & • Capital Expenditure Analysis

- Evaluate proposed capital expenditures and major purchases.
- Prepare financial justification for major investments.
- Analyse expected ROI and payback period.
- Monitor actual expenditure against approved CapEx budgets.
- Maintain records of fixed assets and capital expenditure.
- Analyse the financial impact of major infrastructure and technology investments.

1. Statutory Compliance & • Audit

- Coordinate with the Chartered Accountant and external consultants for applicable statutory compliance.
- Support GST, TDS, PF, ESI, professional tax, and other applicable requirements.
- Coordinate internal and external audits.
- Ensure financial records and supporting documents are maintained properly.
- Address audit observations and assist management in implementing corrective actions.

KEY PERFORMANCE INDICATORS (KPIs) The Finance Manager will be evaluated based on:
- Budget preparation and adherence
- Accuracy of financial forecasts
- Budget vs. Actual variance analysis
- Cost reduction and cost optimisation
- Accuracy of costing and profitability analysis
- Centre-wise and course-wise profitability
- Cash-flow forecasting accuracy
- Receivables and collection management
- Timely submission of MIS reports
- Financial reporting accuracy
- Expense control
- Working-capital management
- Financial compliance
- Audit readiness
- Quality and timeliness of management decision-support reports

REQUIRED QUALIFICATIONS
- Bachelor's degree in Finance, Commerce, Accounting, or a related field.
- M.Com / MBA Finance / CA Inter / CMA Inter will be an added advantage.
- Strong knowledge of financial management, budgeting, costing, forecasting, and financial analysis.
- Solid understanding of accounting principles and financial controls.

📌 Finance Manager (Perintalmanna)
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📍 Perintalmanna