Assistant Manager - Finance (Illinois Institute of Technology Campus)

About University and the Role

Illinois Tech's international campus in Mumbai brings over 130 years of academic distinction to India's thriving innovation hub. Founded in 1890, Illinois Tech is a globally accredited university celebrated for fostering innovation, entrepreneurship, and real-world impact. We're ranked #1 in Illinois and #22 in the

U.S. for the best salaries of our graduates (Wall Street Journal/College Pulse 2026). Illinois Tech Mumbai features STEM programs in India in addition to business courses delivered by international faculty. Students will benefit from experiential learning, local and global industry partnerships, and capstone projects, all of which will provide a truly immersive and career-focused education. Beginning academic year 2026, the campuswill offer a range of undergraduate and postgraduate programsdesigned to meet the evolving needs of global industries.

www.iit.edu/mumbai

Role Overview

The Manager – Finance will support the Head of Finance in managing the financial operations of the Illinois Institute of Technology Mumbai campus. The role will be responsible for ensuring accurate financial reporting, robust MIS, procurement governance, statutory compliance, budgeting support, and efficient financial operations.

The position requires a detail-oriented finance professional with strong analytical capabilities, expertise in MIS reporting, and sound knowledge of procurement and vendor management. The individual will work closely with internal stakeholders and external service providers to ensure financial discipline, operational efficiency, and adherence to organizational policies.

Key Responsibilities

1. Financial Operations

• Manage day-to-day finance operations, accounting, banking, and payment processes.
• Coordinate with outsourced accounting partners for timely month-end closures and financial records.
• Support budgeting, forecasting, and expenditure tracking.

2. MIS & Reporting

• Prepare monthly MIS reports, dashboards, and financial analyses.
• Monitor budget vs. actual performance and highlight key variances.
• Provide financial insights to support operational decision-making.
• Procurement & Vendor Management
• Manage procurement processes, purchase orders, and vendor onboarding.
• Coordinate vendor evaluations, negotiations, and contract administration.
• Ensure compliance with procurement policies and approval workflows.

3. Compliance & Controls

• Support GST, TDS, tax, statutory, and audit compliance.
• Maintain financial controls, documentation, and audit readiness.
• Ensure adherence to finance policies and regulatory requirements.

4. Process Improvement

• Improve finance processes through automation and reporting enhancements.
• Support implementation of ERP systems and standardized finance practices.

Qualifications

• CA /CA Inter / CMA / MBA (Finance) / M.Com or equivalent.
• 5–8 years of experience in finance operations, MIS reporting, procurement, and compliance.
• Experience with ERP systems, advanced Excel, and Power BI is preferred.

Core Competencies

• Financial Operations & MIS
• Procurement & Vendor Management
• Budget Monitoring & Cost Control
• Statutory Compliance
• Financial Analysis
• Stakeholder Management
• Process Improvement
• Attention to Detail

Why This Role

• Opportunity to build and strengthen finance operations for a globally recognized university's India campus.
• Exposure to budgeting, procurement, MIS, governance, and strategic financial reporting.
• Work closely with campus leadership and cross-functional teams in a dynamic, high-growth environment.
• Opportunity to contribute to the establishment of robust financial processes as the campus expands.