Chartered Accountant

JOB DESCRIPTION:

Position: Chartered Accountant (CA)

Department: Finance & Accounts

Location: Chennai, Tamil Nadu

Organization: Rajalakshmi Institute of Technology (RIT)

Employment Type: Full-Time

Reporting To: Director / Management

Candidate Preferred Location: Tamilnadu.

About Rajalakshmi Institute of Technology

Rajalakshmi Institute of Technology (RIT) is a premier engineering institution committed to academic excellence, innovation, research, and holistic student development. We are seeking a dynamic and experienced Chartered Accountant to lead our finance and accounts functions, ensuring financial integrity, statutory compliance, and strategic financial planning.

Preferred Experience

• ·Candidates with prior experience in educational institutions only are eligible to apply.
• Candidates whose experience is exclusively from non-educational institutions are requested NOT TO APPLY.
• Must have hands-on experience in handling Educational Trust Accounts, including day-to-day accounting and financial operations.
• Should have experience in financial compliance and reporting related to NAAC, NBA, AICTE, and/or Autonomous Educational Institutions.
• Experience in research grant accounting, sponsored projects, project accounting, and educational trust accounting will be preferred.
• Should have sound knowledge of PF, ESI, Labour Welfare Fund, payroll processing, statutory deductions, and related labour-law compliance.
• Exposure to audit coordination, statutory compliance, budgeting, financial reporting, and institutional financial controls will be an added advantage.
• Candidates with experience in Hospitals, Medical College, Engineering Colleges, Universities, Deemed Universities, Autonomous Institutions, or Educational Trusts will be strongly preferred.

Key Responsibilities:

Financial Management

· Oversee the Institute's finance and accounting operations.

· Prepare monthly, quarterly, and annual financial statements.

· Develop and monitor annual budgets and departmental expenditure.

· Conduct financial analysis and present MIS reports to Management.

· Ensure efficient cash flow management and fund utilization.

Accounting & Reporting

· Maintain accurate books of accounts in accordance with applicable Accounting Standards.

· Finalize Balance Sheet, Income & Expenditure Account, Receipts & Payments Account, and Cash Flow Statements.

· Ensure timely financial closure and reporting. Educational institutions often expect the finance lead to oversee financial reporting, controls, and process improvements.

Taxation & Statutory Compliance

· Handle GST, TDS, Income Tax, Professional Tax, and other statutory compliances.

· Ensure timely filing of statutory returns.

· Coordinate with tax consultants and government authorities.

· Manage compliance with applicable regulations governing educational institutions. Chartered Accountants in similar institutional roles typically oversee direct and indirect tax compliance, filings, and statutory liaison.

Audit & Internal Controls

· Coordinate statutory, internal, and tax audits.

· Implement strong financial controls and risk management practices.

· Ensure compliance with internal financial policies.

· Address audit observations and implement corrective actions.

Grants & Regulatory Compliance

· Monitor utilization of grants received from AICTE, UGC, MSME, CSR agencies, and other funding organizations.

· Prepare utilization certificates and financial reports for funding agencies.

· Ensure compliance with funding guidelines.

Payroll & Vendor Management

· Supervise payroll processing and statutory deductions.

· Monitor vendor payments and reconciliations.

· Ensure timely payment of salaries, statutory dues, and vendor invoices.

Strategic Finance

· Provide financial insights for institutional planning and expansion.

· Recommend cost optimization initiatives.

· Support Management in financial decision-making and policy formulation.

Qualifications

· Chartered Accountant (CA) qualified from the Institute of Chartered Accountants of India (ICAI).

· Bachelor's Degree in Commerce (B.Com). MBA (Finance) is desirable.

· Minimum 7–10+ years of post-qualification experience.

· Experience in educational institutions, universities, or large non-profit organizations will be preferred.

· Experience with ERP/Tally Prime/SAP or equivalent accounting software.

Required Skills

· Strong knowledge of Accounting Standards, GST, Income Tax, and TDS.

· Expertise in financial planning, budgeting, and forecasting.

· Experience in statutory, internal, and tax audits.

· Excellent analytical and problem-solving abilities.

· Strong leadership and team management skills.

· Advanced proficiency in Microsoft Excel and financial reporting tools.

· Excellent communication and stakeholder management skills.

· High standards of integrity, confidentiality, and ethical conduct.

Key Competencies

· Financial Planning & Analysis

· Statutory Compliance

· Internal Controls

· Risk Management

· Audit Coordination

· Budget Management

· Leadership & Team Development

· Strategic Decision Support

Compensation

· Salary will be commensurate with qualifications, experience, and institutional norms.

Apply to:

Interested candidates send your resume to: [Confidential Information]