GM Finance

Role & responsibilities

Job Title: General Manager Finance & Accounts

Location: Mambakkam, Chennai, Tamil Nadu

Entity / Institution: Velammal Educational Trust / Velammal Vidhyashram / Institutions (Mambakkam Campus)

Reporting To: Chief Financial Officer (CFO) / Trustee / Management Board

Employment Type: Full-Time

Position Overview

The General Manager Finance will oversee overall financial planning, budgeting, statutory compliance, accounting operations, auditing, and financial strategy for the Velammal campus/units in Mambakkam. The ideal candidate will be a strategic financial leader responsible for maintaining financial integrity, optimizing operational costs, managing cash flows, and ensuring complete compliance with tax laws and educational trust regulations.

Key Responsibilities

1. Financial Management & Planning

* Oversee institutional financial strategy, long-term forecasting, and annual operating budgets.

* Drive financial planning and analysis (FP&A) for campus operations, infrastructure development, and expansion projects.

* Monitor budget utilization, variance analysis, and operational expenditure across departments.

2. Accounting Operations & Treasury Management

* Supervise day-to-day accounting, fee collections, vendor payments, payroll execution, and general ledger reconciliation.

* Manage working capital, cash flows, and treasury functions to ensure liquidity and optimized yield on funds.

* Maintain institutional bank accounts, banking relationships, credit facilities, and loans.

3. Statutory Compliance & Taxation

* Ensure strict compliance with all local, state, and central statutory requirements, including Income Tax (Section 12A/80G for Trusts, where applicable), GST, TDS, PF, ESI, and Professional Tax.

* Oversee periodic tax filings, assessments, appeals, and statutory audits.

* Ensure compliance with regulations governing educational trusts, CBSE/State Board norms, and audit standards.

4. Audit & Internal Controls

* Direct and coordinate internal, external, statutory, and management audits.

* Standardize financial controls, risk management frameworks, and Standard Operating Procedures (SOPs) across all administrative and operational units.

* Implement robust audit checks on procurement, billing, inventory, and fee receipts.

5. Fee Management & Revenue Assurance

* Oversee fee collection structures, transport/hostel fee reconciliation, defaulter tracking, and online payment gateway management.

* Ensure seamless tracking and reconciliation of scholarship distributions, concessions, and fee refunds.

6. Leadership & System Integration

* Lead, mentor, and build a high-performing finance and accounting team at the Mambakkam campus.

* Leverage ERP systems (e.g., Tally, SAP, or specialized institutional ERPs) to streamline financial reporting and automation.

* Prepare comprehensive monthly/quarterly financial dashboards and presentation decks for executive trustees and management.

Preferred candidate profile

* Education: Qualified Chartered Accountant /( Inter CA is mandatory)

* Experience: 12 to 18+ years of core financial and accounting experience, with at least 5+ years in a senior leadership role (AGM / DGM / GM).

* Industry Background: Prior experience in large Educational Institutions, University Campuses, Healthcare Trusts, or Large-Scale Service Organizations is highly preferred.

* Technical Skills: Deep expertise in statutory tax laws (IT, GST, TDS), Trust accounting, ERP software (Tally / SAP / Campus ERPs), and advanced MS Excel.

* Soft Skills: Strong analytical acumen, team management capability, integrity, negotiation skills, and clear communication skills in English and Tamil.

Compensation & Benefits

* Competitive compensation package commensurate with experience and industry benchmarks.

* Campus amenities and employee welfare benefits as per organizational policy.

Preferred candidate's age: 41 to 49