Finance and Accounts Manager

Our Vision:

Help IIT Bombay rank among the top engineering and technology institutes worldwide by fostering strong relationships with its alumni, corporations and philanthropists.

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 consistently ranks among the top universities globally—#1 in India and #118 worldwide in the QS World University Rankings 2025, and #28 in Engineering & Technology by subject.

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 programs that blend academic depth with industry relevance.

Role Overview :

IIT Bombay's Educational Outreach team is looking for a dynamic Assistant Program Manager to support the design and execution of high-impact educational programs, workshops, and outreach initiatives. The Finance & Accounts Manager 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 institute finance functions.

Key Responsibilities:

Financial Management

• Manage end-to-end financial operations across executive education programmes
• Monitor budgets, revenues, and expenditures at a programme level
• Track fee collections, refunds, and outstanding receivables
• Prepare programme-wise financial summaries and statements
• Ensure compliance with GST, TDS, and applicable statutory norms
• Support internal and external audits
• Maintain proper documentation for compliance and audit readiness

Accounting & Bookkeeping

• Maintain accurate books of accounts for all programme transactions
• Process invoices, receipts, and journal entries
• Ensure correct allocation of revenues and costs
• Conduct regular bank and ledger reconciliations

Billing & Financial Reporting

• Raise invoices and coordinate with participants/corporates for collections
• Track outstanding payments and ensure timely follow-ups
• Maintain participant-level financial records
• Prepare periodic MIS and financial reports for management
• Provide insights into programme financial performance
• Support budgeting and forecasting processes

Eligibility Criteria

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

MBA (Finance) / M.Com / CA (Inter) / CMA (Inter) with minimum 6 years of relevant experience

Preferred Qualifications

CA / CMA (fully qualified)

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

Please note:

This is a 3 year contract, Mumbai-based on-campus role. Only shortlisted candidates will be contacted.