Director of Financial Governance and Compliance

All applications must be sent to : info@acsel.in

Position Summary :

The Finance and Compliance Head will be responsible for ensuring the financial integrity, regulatory compliance, and statutory obligations of the Centre of Excellence (CoE) in AI. As a Section 8 company raising and deploying government funds into startups for equity stakes, the CoE requires strict adherence to financial governance, fund utilization norms, and statutory compliance. The role includes managing accounting records, tax filings, government reporting, investment compliance, and audits while ensuring transparency and accountability in all financial transactions. Additionally, the position will oversee contract and risk management for startup investments, including adherence to SEBI regulations and startup funding norms.

Key Responsibilities :

Financial Management & Fund Compliance :

• Ensure end-to-end financial compliance with all statutory and regulatory requirements as a Section 8 company, including proper tracking and reporting of government funds.
• Develop and manage the annual and long-term financial plans, including budgeting, forecasting, and financial analysis.
• Oversee the receipt, allocation, and utilization of funds from the Government of Karnataka, ensuring compliance with funding conditions.
• Monitor and ensure compliance in the deployment of funds to startups in exchange for equity stakes, maintaining rigorous financial controls.
• Maintain and oversee all accounting books, financial statements, and statutory filings in alignment with Indian accounting standards.

Regulatory Compliance & Governance :

Government Reporting & Coordination :

Startup Financial Governance & Risk Management :

Contract & Legal Oversight :

Strategic Financial Oversight :

returns on investments.

partnerships, and potential equity monetization strategies.

Qualifications and Experience :

o 10-12 years in finance, compliance, and statutory reporting roles.

o Strong experience in government-funded projects, accelerators, venture

capital, or Section 8 companies.

o Proven expertise in startup investment compliance, fund management, and

government financial reporting.

Skills and Competencies :

Compensation :

Competitive and commensurate with experience.

Why Join Us?

This role offers a unique opportunity to lead the financial and regulatory foundation of India’s premier AI accelerator, ensuring transparency, compliance, and sustainability. By ensuring the responsible management of government funds and startup investments, you will play a critical role in shaping the future of AI entrepreneurship in India.

Only applications sent to info@acsel.in will be considered