Foundation for Science, Innovation & Development (FSID) 

JOB DESCRIPTION

Finance & Accounts Officer Position:

Finance & Accounts Officer 

Exp:4-7 years Salary:8-12Lacs pa 

Qualification: B.Com with CA and 4-7 years relevant experience (at least 2 years post CA), and a background in financial and accounts management in established companies with familiarity in managing statutory compliance, regulations and governance.

Role: The selected candidate will be responsible for managing the accounts and financial operations of a government funded industry accelerator program at FSID, IISc Campus, Bangalore. He /She acts as an interface between FSID’s F&A team and the program management team of the industry accelerator (consortium of companies & the central government ministry) to ensure that the accelerator program’s financial resources are used effectively and efficiently while addressing applicable statutory requirements.  

Responsibilities: Some of the specific tasks and responsibilities of the F&A officer include:  

• Ledger management: Handle accounts payable and receivable, maintain records of business costs such as labour and material, check invoices for inaccuracies. 

• Accounts reconciliation: Categorize costs under suitable heads and subheads, reconcile accounts with the general ledger, handle general account queries. 

• Manage internal and external clients: Set up vendor registration, handle purchase requests, vendor quotations and invoices, monitor internal processes for speed and accuracy, contact clients about invoices that are past due. 

• Financial reporting: Preparing financial statements, budgets, and other financial reports that supply insight into the program’s financial performance.  

• Budgeting and forecasting: Developing and keeping the program’s financial budget and supplying forecasts to help management make informed decisions.  

• Financial analysis: Analysing financial data to find trends, potential issues and supplying recommendations for improvement.  

• Investment management: managing and tracking grants and other investments in cohort/portfolio companies, ensuring they are in line with their strategy and performance.  

• Risk management: Finding, assessing, and mitigating financial risks to the program.  

• Compliance: Ensuring that the program’s financial operations follow all relevant laws and regulations.  

• Cash management: Monitoring and managing the program’s cash flow and ensuring that adequate funds are available to meet the organization's needs.  

• Audit planning and preparation: Conduct regular internal audit to ensure compliance. Supply data, comply and ease external audit cycles.  

In summary, this position play a crucial role in ensuring the financial stability and success of program by managing its financial operations, analyzing and reporting financial data, and supplying guidance to the management team on finance and accounts matters.