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Financial Project Administrator

9.00 to 14.00 Years   Mohali   16 Jun, 2023
Job LocationMohali
EducationNot Mentioned
SalaryRs 6 - 14 Lakh/Yr
IndustryEngineering / Construction
Functional AreaSite Engineering / Project ManagementEngineering Design / Construction
EmploymentTypeFull-time

Job Description

    Position Overview:Reporting to the Director of Finance, the Financial administrator will serve as an integral part of the Open Learning financial team. This role will oversee and report on the financial performance of several business units as well as manage a varied portfolio of sponsored awards.Principal Duties and Responsibilities (Essential Functions**):
    • Support the development of annual budgets and quarterly forecasts for several business units
    • Act as a resource for business units on transactional inquires and financial/budgetary questions that require problem-solving and analytic capability
    • Working closely with the financial operations team, ensure the support of day-to-day financial operations and internal controls including: review and approval of financial transactions such as requisitions, RFPs, travel vouchers, credit card charges, journal vouchers and billing
    • Assist in pre-award activities including proposal and budget development, proposal submission, award and account set-up
    • Effectively communicate financial reporting to PIs and project leads through monthly and quarterly reporting and forecast
    • Strategize with business unit leads and PIs on resource allocation, effort/salary allocations across projects and coordinates changes to payroll
    • Process budget revisions, no-cost extensions, and amendments; subrecipient monitoring in conjunction with MIT Research Administration Services (RAS).
    • Assist PI with financial reporting requirements to various funding organizations, including progress reports.
    • Interpret award terms and conditions and provides guidance to business unit leads and project leads on financial and sponsored matters including systems, policies and procedures, and compliance
    • Ensure financial compliance with University policies and procedures and applicable legal rules and regulations
    • Perform all other related duties and or special projects as assigned.

Keyskills :
communication skillstime management skills.trust-building.leadership skills.organization.project management organizationalproblem-solving skills.

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