Overview: SBI Foundation, established in 2015 by State Bank of India, serves as the CSR arm of the Bank and its subsidiaries. The Foundation is committed to fostering inclusive growth and social equity, with a strong focus on empowering vulnerable and marginalized communities across India. Through its extensive and impactful CSR initiatives, SBI Foundation has positively touched the lives of over a million beneficiaries and continues to contribute towards achieving the Sustainable Development Goals (SDGs).

The Assistant Manager – Finance & Accounts will support finance and accounting operations while ensuring compliance with internal policies and regulatory requirements, under the guidance of the CFO & Chief Administrator and SBI Foundation management

Position: Assistant Manager - Finance & Accounts

Location: Mumbai, Maharashtra, India.[Candidates should be open to future relocation/change in office location within the Mumbai Metropolitan Region (MMR).]

Employment Type: 3 year contractual role and may be renewed for a period of every Two years basis performance and Management’s discretion.

Deadline for Applications: 05.10.2026

Salary: Salary: The fixed CTC for this role will be between 6 to 8 LPA, plus up to a 15% variable component linked to annual performance. The final CTC offered will depend on interview performance, relevant experience, and skill set.

This is non-negotiable. Please participate only if you are comfortable with this CTC.

REQUIRED QUALIFICATIONS & EXPERIENCE: -

- Minimum: Bachelor's Degree in Finance, Accounting, Commerce, or a related field (essential) with at least 2 years of relevant experience.
- Master's Degree in Finance, Accounting, Business Administration, or a related field with at least 1 year of relevant experience (preferred).
- Preference will be given to candidates with experience in the social sector.

KEY RESPONSIBILITIES:

- Financial Operations Support: Assist the CFO in managing financial operations and preparing financial reports, including balance sheets, income statements, and cash flow statements.
- Budget Preparation: Assist in preparing the financial budget and budget analysis.
- Payment Processing: Handle payment notes, procurements, accounts payable and receivable, and update dashboards.
- Tax Compliance: Compile and file monthly tax payments.
- Accounting Activities: Perform daily accounting tasks,



including bank statement reconciliation.
- Problem Resolution: Coordinate with external Chartered Accountants to resolve accounting discrepancies.
- Audit Support: Assist in internal, statutory, CAG, concurrent, and other audits, ensuring compliance with audit observations.
- Policy Compliance: Ensure adherence to internal policies, Board directives, and guidelines from CSR Department, MCA, CVC, and other authorities.
- Budget Oversight: Oversee the budgeting process to ensure the organization operates within its budget.
- Operational Support: Provide necessary support for daily operations.
- Documentation: Ensure proper documentation for partnerships and fund disbursements.

SPECIFIC TASKS:

- Internal Finance Control: Oversee internal finance control and streamline SOPs in compliance with CSR laws.
- Payment Review: Review all payments for approval and ensure documentation is in place.
- Fund Allocation: Forecast and allocate unutilized funds to current projects in coordination with program heads.
- Grant Management: Classify and maintain records of grants and funds, advising management regularly.
- Disbursement Approvals: Obtain necessary approvals for fund disbursements as per MoUs & GUCs.
- Reimbursement Review: Scrutinize employee reimbursement requests.
- Annual Planning: Prepare annual action plans and budgets under management guidance.
- Financial Reporting: Review financial reports from implementing partners, reconcile receipts and expenditures, and submit to top management.
- Audit Review: Assist in reviewing audit reports and submit observations to management.
- Project Records: Maintain records of projects and prepare databases for reporting to management and stakeholders.
- Project Supervision: Follow up on project completion, develop final reports, and maintain records/databases.
- Utilization Certification: Verify expenses against budgeted amounts and prepare utilization certificates, ensuring they are certified by a Chartered Accountant when required.




- Procurement Compliance: Ensure all procurements comply with financial policies and CVC guidelines.
- Regulatory Filing: File necessary returns and disclosures with regulatory authorities and maintain records.
- Admin Budget Management: Ensure administrative budgets are within approved limits and CSR rules.
- Unspent CSR Amounts: Ensure unspent CSR funds are returned as per MCA guidelines.
- Meeting Support: Assist in organizing Board/Audit Committee meetings and maintain records.

Additional Tasks: Perform any other duties assigned by SBI Foundation management. Although the individual will work in a small team, it is essential that the chosen candidate can work in an independent manner to complete the given tasks in a time-bound manner.

Note: Due to the high volume of applications, only shortlisted candidates shall be contacted for further correspondence.

This outlines the general nature and key responsibilities of the role. It is not intended to be an exhaustive list of all duties and qualifications required. The incumbent may be required to perform additional tasks as assigned by the Management of SBI Foundation, whenever required

? Why Join SBI Foundation? Because We Care About YOU! ?

- At SBI Foundation, we believe that a fulfilling career is more than just a paycheck—it’s about feeling valued, supported, and inspired. Here’s what makes us stand out:

✨ Performance-Driven Rewards

- Annual performance-based incentives to recognize and reward your contributions.

✨ Health & Well-Being

- Comprehensive health and accidental insurance for you and your loved ones because your well-being is our priority.

✨ Everyday Perks That Make a Difference

- Stay connected with mobile reimbursements.
- Enjoy delicious meals at the office with our subsidized food facility.
- Keep learning with support for role-based training programs.

✨ A Culture of Care & Engagement

- We foster a vibrant workplace where employee engagement takes center stage. Be part of celebrations, initiatives, and programs that create a sense of belonging and collaboration.

Disclaimer:-

The hiring decision will be subject to organisational requirements and management approval and may be modified, deferred, or cancelled at any stage, as deemed appropriate by the Management.

📌 Assistant Manager (Mumbai)
🏢 SBI Foundation
📍 Mumbai