Finance & Accounts Specialist

About Us

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 known for academic excellence and innovation.

Through 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.

Role Overview

The 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.

Key Responsibilities

Financial Management

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

Monitor programme budgets, revenues, and expenditures.

Track fee collections, refunds, and outstanding receivables.

Prepare programme-wise financial summaries and financial statements.

Ensure compliance with GST, TDS, and applicable statutory regulations.

Support internal and external audits.

Maintain complete documentation for compliance and audit readiness.

Accounting & Bookkeeping

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

Process invoices, receipts, and journal entries.

Ensure proper allocation of revenues and costs.

Conduct regular bank and ledger reconciliations.

Billing & Financial Reporting

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

Track outstanding payments and ensure timely follow-up.

Maintain participant-level financial records.

Prepare periodic MIS and financial reports for management.

Provide insights into programme financial performance.

Support budgeting and forecasting activities.

Eligibility Criteria

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

OR

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

Preferred Qualifications

CA / CMA (fully qualified)

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

Please Note

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

Only shortlisted candidates will be contacted.

Finance Specialist