Ratan Tata Innovation Hub (RTIH), a Section 8 company established under the Government of Andhra Pradesh via the Andhra Pradesh Innovation Society (APIS), is recruiting for the position of Manager – Finance at the Rajamahendravaram Foundation.
Job Details
| Attribute | Information |
| Hiring Organization | Ratan Tata Innovation Hub (RTIH) – Rajamahendravaram Foundation |
| Open Position | Manager – Finance |
| Employment Type | Full-time |
| Salary / Compensation | ₹10.0 Lakhs – ₹12.0 Lakhs Per Annum (CTC) |
| Years of Experience | 5 to 8 Years |
| Educational Qualification | Master’s in Finance / Commerce / MBA-Finance (CA Inter / CMA Inter preferred) |
| Location | Rajamahendravaram, Andhra Pradesh, India |
| Reporting To | Chief Executive Officer, RTIH Rajamahendravaram |
About Company
The Ratan Tata Innovation Hub (RTIH) serves as Andhra Pradesh’s principal platform for driving innovation, startup incubation, and entrepreneurship. Operating as a Section 8 company under APIS, RTIH manages a Hub-and-Spoke framework connecting five regional foundations across the state to achieve the goals of the AP Innovation & Startup Policy (2024–2029).
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Job Description
The Manager – Finance will lead day-to-day accounting, statutory compliance, banking operations, and MIS reporting, while also overseeing end-to-end procurement, vendor contracts, general administration, and facility operations. This hands-on multi-functional role requires managing government grants, CSR funds, Utilisation Certificates (UCs), and maintaining robust internal financial controls.
Requirements & Required Skills
- Educational Qualification: Master’s degree in Finance, Commerce, or MBA (Finance). CA (Inter) or CMA (Inter) credentials are highly preferred.
- Experience Level: 5 to 8 years of progressive experience in finance, accounts, procurement, and administrative operations.
- Domain Knowledge: Working experience in Section 8 companies, government innovation bodies, startup incubators, or CSR-funded institutions.
- Technical Skills: Sound knowledge of Indian Accounting Standards, statutory compliance (GST, TDS, IT, PF, ESI, Companies Act), government procurement norms (RFPs/RFQs), and audit coordination.
Roles and Responsibilities
- Finance & Accounting Operations: Oversee day-to-day bookkeeping, vendor disbursements, monthly/year-end closures, bank reconciliations, and cash flow forecasting.
- Grant & Fund Management: Administer Government grants and CSR funding pipelines, preparing timely Utilisation Certificates (UCs) and financial reports for funding partners.
- Statutory Compliance & Audits: Ensure compliance under Companies Act, Income Tax, GST, TDS, PF, ESI, and Professional Tax. Coordinate statutory, internal, and external audits.
- End-to-End Procurement: Issue RFPs/RFQs/tenders, evaluate vendor bids, negotiate contract SLAs, and maintain complete audit trails for purchase orders.
- Startup Financial Support: Assist incubatees with basic financial modeling, financial health checks, and investment readiness data.
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Skills You’ll Gain
| Category | Specific Tools & Competencies Mastered |
| Financial Control | Fund Utilization Accounting, Section 8 Company Audits, Cash Flow Forecasting. |
| Statutory Compliance | GST Filing, TDS Reconciliation, PF/ESI Regulations, Corporate Tax Filings. |
| Public Procurement | RFP/RFQ Drafting, Vendor Empanelment, Tender Evaluation & SLA Negotiations. |
| Startup Advisory | Financial Modeling Basics, Seed Capital Grant Tracking, MIS Reporting. |
Selection Procedure & Application Details
- Compensation: ₹10.0 LPA – ₹12.0 LPA (CTC), fixed based on experience and selection performance.
- Selection Process: Eligible shortlisted applicants will undergo a written examination, followed by subsequent interview rounds managed by RTIH.
- How to Apply: Submit your candidate application on the official RTIH careers page linked below.
- Official Registration Link:Apply Now
Frequently Asked Interview Questions (With Answers & Solution Guidelines)
Government Grant Accounting & Utilisation Certificates (UCs)
- Question:“How do you track and verify grant utilization to ensure compliance when generating a Utilisation Certificate (UC) for government-funded innovation projects?”
- Answer & Solution Context: Detail ring-fencing funds into separate project-specific ledger codes, matching every voucher against approved budget heads, verifying physical/financial milestones, maintaining invoice audit trails, and reconciling bank interest earned on unspent balances before submission.
Vendor Procurement & Statutory Compliance
- Question:“What key controls and tax implications (TDS/GST) must be verified before releasing payments to vendors under public procurement guidelines?”
- Answer & Solution Context: Focus on checking valid tax invoices, confirming GSTR-2B entry matching for Input Tax Credit (ITC) eligibility, applying correct TDS sections (e.g., Section 194C for contracts, Section 194J for technical services under Income Tax Act), and verifying completion certificates/SLAs before payout.