Finance & Accounts Specialist

About IIT Bombay The 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 recognised for academic excellence and innovation.

Through its Educational Outreach (EO) Office, IIT Bombay delivers continuing and executive education for working professionals in India and abroad, connecting learners with the Institute’s faculty and research expertise through online, hybrid, and in-person programmes.

Role Overview The Finance & Accounts Specialist will manage the financial operations of executive education programmes under the Educational Outreach Office. The role will have hands-on responsibility for accounting, budgeting, programme finance, billing, collections, financial reporting, statutory compliance, and financial closure, while working closely with programme teams, the Institute’s Finance & Accounts Office, faculty, vendors, and external partners.

Key Responsibilities

- Programme Finance & Financial Planning

- Manage the financial operations of multiple executive education programmes from budgeting through financial closure.
- Prepare and monitor programme budgets, pricing, revenue projections, profitability, break-even analysis, and forecasts.
- Track programme-wise revenue, expenditure, receivables, liabilities, collections, and overall financial performance.
- Prepare financial summaries, MIS, and reports for management and provide insights on programme performance.
- Manage financial closure, including faculty honorariums, vendor payments, partner settlements, refunds, and outstanding receivables.

2. Accounting, Billing & Collections

- Maintain accurate books of accounts and programme-wise financial records.
- Process invoices, receipts, journal entries, refunds, reimbursements, and payments.
- Conduct regular bank, ledger,



and financial reconciliations.
- Raise invoices and coordinate with participants and corporate partners for collections and outstanding payments.
- Ensure appropriate allocation of programme revenues and costs.

3. Compliance & Audit

- Ensure compliance with GST, TDS, statutory regulations, and IIT Bombay financial policies.
- Support internal and external audits and maintain complete documentation and audit trails.
- Ensure timely resolution of finance and compliance-related issues.

4. Procurement & Commercial Finance

- Support procurement activities including quotations, tenders, vendor onboarding, purchase orders, contracts, and payment processing.
- Review commercial terms, invoices, taxes, deliverables, and expenditure against approved budgets.
- Support financial evaluation of vendors and programme-related commercial arrangements.

5. Process Improvement

- Develop and implement finance SOPs, SLAs, and internal controls to improve efficiency and financial governance.
- Identify opportunities to streamline finance processes, reporting, and programme-level financial tracking.
- Support implementation and effective use of financial systems and tools.

6. Stakeholder Management

- Work closely with EO Programme Management, Institute Finance & Accounts, Procurement, faculty, vendors, partners, and other internal stakeholders.
- Guide Programme Managers on IIT Bombay’s financial processes, systems, and policies.
- Address finance-related queries and escalations and ensure timely resolution.

Eligibility Criteria

Qualifications

- Bachelor’s degree in Commerce, Finance, Accounting, or a related discipline.




- A professional qualification such as CA / CMA / ACCA / equivalent will be an advantage.

Experience

- 6–12 years of relevant experience in finance and accounts, preferably with experience in programme/project finance, financial management, budgeting, accounting, financial reporting, procurement/commercial finance, and statutory compliance.
- Experience managing end-to-end financial operations, including budgeting, billing, collections, reconciliations, reporting, and financial closure.
- Robust hands-on experience with GST, TDS, audits, and statutory compliance.
- Experience working with multiple stakeholders and managing finance operations in a complex or multi-functional organisation will be preferred.

Key Skills

- Financial planning, budgeting, forecasting, and MIS reporting
- Accounting, reconciliations, billing, and collections
- GST, TDS, audit, and statutory compliance
- Procurement and commercial finance
- Financial analysis and programme profitability
- Strong Excel and financial systems proficiency
- Stakeholder management and communication
- Strong attention to detail, ownership, and problem-solving ability

Why Join Educational Outreach, IIT Bombay?
- Work closely with IIT Bombay faculty, leadership, and programme teams.
- Play a key role in the financial management of high-impact executive education initiatives.
- Gain exposure to corporates, government organisations, academic institutions, and education partners.

Key skills and competencies

- Strong team player and high on emotional intelligence
- Ability to work with a diverse set of team members and stakeholders
- Strong communication and interpersonal skills.
- Excellent stakeholder management abilities.
- Strong commercial and business acumen.
- High-level understanding of contracts and commercial agreements.

Please Note

This is a Mumbai-based, on-campus role at IIT Bombay. Only shortlisted candidates will be contacted.

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