Job Context

Applications are invited from qualified and self-motivated candidates having sound knowledge in Accounts and Finance for the position of Deputy Director ( Finance and Accounts ) on prevailing terms and conditions of USTC.

Job Responsibilities

• To prepare annual budgets and forecasts.
• To monitor expenditure against budget allocations.
• To suggest management on financial planning and resource allocation.
• To oversee general accounting functions, including ledgers, assets, liabilities, income, and expenditure.
• To ensure timely closure of books of accounts (monthly/quarterly/annually).
• To supervise maintenance of financial records in accordance with statutory and institutional requirements.
• To prepare and present financial statements, balance sheets, and income & expenditure reports.
• To submit reports to management, regulatory bodies, and funding agencies, as and when necessary;
• To ensure timely audit of accounts and implement audit recommendations.
• To ensure compliance with financial rules, government regulations and institutional policies.
• To monitor procurement processes to ensure adherence to financial and institutional norms
• To ensure timely vendor payments and manage payroll disbursements.
• To manage institutional bank accounts and fund flows.
• To supervise staff of accounts and finance dept and ensure capacity building.
• To coordinate with other departments for financial matters.
• To ensure smooth functioning of the finance/accounts division.
• To assist in formulating and updating financial policies.
• To represent the department in financial committees, bodies, etc.
• To monitor department-wise budget utilization;
• To prepare and deliver various analytical reports as required by the authority.