Mr. Babu Parakhe
Finance Officer

brp_ho@yes.edu.in
8888825426

Key Duties of a Finance Officer :

1. Financial Planning & Budgeting:

• Prepare annual budgets in coordination with departments.
• Monitor expenditures and ensure spending is within budget limits.
• Forecast financial trends and requirements.

2. Accounting & Bookkeeping:

• Maintain accurate financial records.
• Manage accounts payable and receivable.
• Reconcile bank statements and ledgers.

3. Financial Reporting:

• Generate monthly, quarterly, and annual financial reports.
• Report on income, expenditure, and financial position to management.
• Assist with audit preparation and respond to auditor queries.

4. Compliance & Regulatory:

• Ensure compliance with financial regulations, tax laws, and institutional policies.
• File tax returns and other statutory financial documents.

5. Procurement & Asset Management:

• Assist in purchasing and procurement decisions.
• Maintain records of institutional assets and their depreciation.

6. Liaison Responsibilities:

• Coordinate with banks, government departments, and financial institutions.
• Support funding proposals and grant applications with required financial data.

7. Advisory Role:

• Provide financial advice to the management for informed decision-making.
• Identify cost-saving opportunities and financial risks.