Position: Manager / Assistant Manager – F&A
Location: New Delhi
Company: IHFC (I-Hub Foundation for Cobotics), Technology Innovation Hub of IIT Delhi
About the Company
IIT Delhi has established IHFC (I-Hub Foundation for Cobotics) as the Technology Innovation Hub under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) of the Department of Science & Technology (Ministry of Science & Technology), Govt. of India.
It has been incorporated as a Section-8 (non-profit) company, under the Companies Act 2013. The company will be supported by the Department of Science & Technology for five years, following which it needs to self-sustain and should generate its own revenue to continue with its functions. All the activities related to the company are governed by its own Board of Directors and led by the CEO.
Responsibility
Manager / Assistant Manager – F&A will be responsible for the following functions:
Financial Accounting & Statutory Compliance
- Manage end-to-end financial accounting and book closure in accordance with applicable Accounting Standards and Companies Act requirements.
- Prepare annual financial statements, schedules, and supporting reports.
- Manage FCRA accounting, reporting, utilization tracking, and statutory compliances.
- Review General Ledger balances and ensure accuracy of books of accounts.
- Ensure timely compliance with GST, Income Tax, TDS, PF & ESIC, ROC filing and all statutory and regulatory requirements.
- Coordinate with statutory auditors, internal auditors, tax consultants, and regulatory authorities during audits and assessments.
- Maintain strong internal financial controls and compliance documentation.
- Support annual statutory audit, tax audit, and other financial reviews.
Startups Reporting & Compliance
- Develop and maintain dashboards for startup investments, fund utilization, compliance status, and portfolio monitoring.
- Follow up with startups for financial reporting, including Income Statements, Cash Flow Statements, Statutory Compliances, Change in Shareholding and other relevant financial documents.
- Support the valuation of start-ups, including liquidation analysis, pre- and post-money valuation assessments, and participate in valuation negotiations, incl. end-to-end deal execution & closure.
- Coordinate with Company Secretary & startups to ensure timely submission of pre- and post-funding documentation.
- Resolve finance and compliance-related queries from portfolio startups.
Budgeting, MIS & Management Reporting
- Coordinate and perform quarterly PnL, Cash Flow and Budget including variance analysis explanations of changes.
- Preparation of Project Budgets & obtain necessary approvals from the Vertical Head / Management
- Prepare project-wise, vertical-wise, cost centre-wise, and organization-wide financial dashboards.
- Prepare the Company’s Annual Budgets along with presentation on financial overview of it.
- Consolidation and Reporting of Data to Department of Science and Technology/IIT Delhi on a quarterly, bi-annually and annual basis.
Support in Other F&A KRAs
- Contribute to various finance-driven process improvement initiatives and support special projects.
- Identify opportunities for automation and process improvements across finance operations.
- Support the team in troubleshooting discrepancies and enhancing processes for more accurate financial reporting.
- Support other day-to-day operations of the Finance & Accounting function.
Role Description
The Manager / Assistant Manager – F&A will play a key role in ensuring the accuracy, transparency, and compliance of IHFC's financial operations. The incumbent will work closely with senior management, verticals, startups, auditors, government agencies, and other stakeholders to support financial accounting, statutory compliance, grant management, startup investments, and reporting.
The role demands strong attention to detail, stakeholder management skills, and the capability to manage multiple priorities in a dynamic & mission-driven environment.
Ideal Candidate Profile
- Prior experience in IT/ITES/Service Industries/Section-8 Companies/NGOs or any other related industry.
- Proven experience in Financial Accounting, FCRA, financial reporting and analysis, especially half-yearly and yearly reviews.
- Strong "Can-Do" attitude with the ability to handle complex assignments independently.
- Sound understanding of accounting principles, financial regulations, and reporting standards.
- Proficient in accounting software (e.g., Tally / QuickBooks)
- Expertise in Advanced MS Excel and Google Sheets.
- Ability to handle sensitive information with confidentiality
- Effective communication skills and the ability to work cross-functionally
Qualification:
- Bachelor’s degree in finance, Accounting, or related field.
- Preference will be given to candidates with MBA (Finance), CMA (inter), or CA (Inter).
Years of experience: 8+ years of relevant experience in F&A functions.
Reporting: The position will be reporting to the Head - Finance
How to Apply: Interested candidates may send their application to contact@ihfc.co.in on or before July 31, 2026.