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

Position: Associate - 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: 3year 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 4 to 6 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 AND EXPERIENCE: -

- Minimum: Bachelor’s degree in finance, Accounting, Commerce, or a related field.
- Minimum 1 year relevant work experience.

KEY RESPONSIBILITIES:

- Financial Management Support: Assist the Chief Finance Officer (CFO) in effectively managing program and financial operations, ensuring the smooth functioning of financial activities within SBI Foundation.
- Financial Reporting: Prepare comprehensive financial reports and statements, including balance sheets, income statements, and cash flow statements, to provide a clear overview of the organization's financial health.
- Budget Preparation and Analysis: Collaborate with management in the preparation of the Financial Budget and conduct budget analysis to facilitate informed decision-making.
- Accounts Payable and Receivable: Manage payment notes, procurements,



and oversee accounts payable and receivable processes to maintain financial accuracy and efficiency.
- Document Management: Responsible for scanning and printing documents as necessary for financial transactions and record-keeping.
- Tax Compliance: Compile tax payments and ensure timely filing of tax returns on a monthly basis, contributing to the organization's compliance with tax regulations.
- Account Reconciliation: Perform day-to-day accounting tasks, including reconciling bank statements, and promptly address any accounting discrepancies in coordination with a Chartered Accountant.
- Audit Support: Provide support during internal, statutory, or any other audits of SBI Foundation, ensuring transparency and adherence to financial regulations.
- Policy Compliance: Ensure strict compliance with SBI Foundation's financial policies and procedures to maintain financial integrity and accountability.
- Budget Oversight: Oversee the budgeting process to ensure that the organization operates within its allocated budgetary limits.
- Operational Support: Provide essential support in the day-to-day operations of SBI Foundation, contributing to its overall efficiency and effectiveness.
- Ad Hoc Responsibilities: Undertake any other tasks or roles assigned by the Management of the SBI Foundation, demonstrating adaptability and commitment to organizational goals.

Additional Tasks: Perform any other duties assigned by SBI Foundation management.

Essential Skills and Qualities

- Knowledge of Microsoft Office Suite, intermediate Excel skills
- Familiarity with audit processes and coordination.
- Proficiency in budgeting, tax compliance, and financial software.
- Excellent communication skills and writing/drafting skills




- Speaks and writes clearly and effectively; listens to others; correctly interprets messages from others and responds appropriately; asks questions to clarify and exhibits interest in having two-way communication; tailors language, tone, style and format to match audience; demonstrates openness in sharing information and keeping people informed.
- Ability to work in a fast-paced workplace with flexibility, efficiency, enthusiasm, and diplomacy both individually and as part of a complex team effort.

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

Note :

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

Why Join SBI Foundation? Because we care for 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 & your loved ones because your well – being is our priority.

Everyday Perks That Make a Difference

- Stay connected with mobile reimbursement
- 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.

📌 Associate (Mumbai)
🏢 SBI Foundation
📍 Mumbai