Finance Executive

**Join Our Award-Winning Team at Dr. B. Lal Clinical Laboratory Pvt. Ltd!**We are delighted to share that Dr. B. Lal Clinical Laboratory Pvt. Ltd. has been recognized among Indias Top 50 Great Mid-Size Workplaces 2026 a proud moment in our journey of excellence. Watch the proud moment here: Award CeremonyAs we continue to scale new heights in diagnostic healthcare, we invite passionate professionals to join our team.

Role Requirements | Finance Executive

Department: Finance Excellence
Reporting To: Manager / Head Finance
Experience Required: 1-3 Years

Educational Qualification

• Bachelors degree in Commerce, Accounting, Finance, or a related discipline.
• B.Com / M.Com / MBA (Finance) candidates will be preferred.
• Relevant certification in accounting or taxation will be an added advantage.

Experience

• 1-3 years of relevant experience in Accounts, Finance Operations, Accounts Payable, Accounts Receivable, Billing, Collections, or Reconciliation.
• Candidates with experience in the healthcare, diagnostics, service, or multi-branch organization will be preferred.
• Hands-on experience in Tally ERP/Tally Prime and MS Excel is required.
• Exposure to both Payables and Receivables processes will be an added advantage.

Tasks & Activities

1. Invoice & Transaction Processing

• Receive, verify, and validate purchase invoices, bills, supporting documents, and approvals from vendors and internal teams.
• Process purchase invoices in Tally within defined timelines with correct ledger, cost center, tax code, and PO references.
• Verify invoices against PO, GRN, LIMS records, and supporting documents wherever applicable.
• Assist in preparing corporate, partner, and service-related invoices using system-generated data and applicable commercial terms.
• Ensure correct billing logic, GST, discounts, service charges, and other applicable adjustments are considered before invoice finalization.
• Identify discrepancies in invoices, billing, or supporting documents and coordinate with SCM, Operations, Sales, or concerned teams for resolution.
• Ensure all financial entries are supported by appropriate source documents.

2. Accounts Payable & Payment Management

• Process vendor payments as per approved payment schedules and company policies.
• Monitor utility bills such as electricity, internet, rent, and other recurring expenses and ensure timely payment.
• Maintain branch-wise petty cash records and verify physical receipts and supporting documents.
• Process and record employee reimbursements and approved business expenses.
• Coordinate credit card expense approvals, accounting entries, and reconciliation of card transactions.
• Ensure payments are processed within defined cut-off times and avoid late fees or payment-related disruptions.
• Maintain proper vendor-wise payment records and outstanding tracking.

3. Accounts Receivable & Collection Management

• Track daily collections received through Cash, UPI, Card, bank transfers, and other approved modes.
• Validate branch collections against LIMS/system reports and deposit slips.
• Ensure timely deposit of branch collections into designated bank accounts as per company policy.
• Prepare branch-wise collection and deposit reconciliation reports.
• Follow up with branches or concerned teams for delayed, missing, or unreported collections.
• Support monthly invoicing for Corporate, FOFO, POC, HLM, SIS, and other applicable partner channels.
• Record receipts against the correct invoices and maintain accurate payment mapping.
• Track outstanding receivables and support follow-up for pending payments.

4. Bank, Vendor & Debtor Reconciliation

• Perform regular bank reconciliation by matching bank transactions with Tally and system records.
• Map receipts, payments, bank charges, interest, deposits, and other transactions accurately.
• Reconcile vendor ledgers by matching invoices, payments, credit notes, debit notes, and outstanding balances.
• Reconcile debtor ledgers by mapping invoices, collections, TDS deductions, credit notes, and other adjustments.
• Identify mismatches such as unposted receipts, duplicate entries, excess credits, missing transactions, or unreconciled balances.
• Coordinate with banks, vendors, branches, and internal teams to resolve reconciliation differences.
• Maintain date-wise reconciliation sheets and ensure timely closure of open items.

5. Statutory Compliance Support

• Identify and apply applicable GST and TDS requirements while processing invoices and financial transactions.
• Ensure invoices are recorded with correct GST classifications, tax rates, and applicable TDS categories.
• Support TDS deduction and maintain voucher-wise documentation for audit trails.
• Track TDS certificates, acknowledgments, and related documentation received from corporate clients.
• Maintain records required for GST, TDS, expenses, invoices, receipts, and other statutory requirements.
• Assist the Finance Manager in preparing documentation for internal, external, and statutory audits.
• Maintain compliance checklists and support timely completion of recurring monthly requirements.

6. Billing & Payment Settlement Coordination

• Prepare invoice packages, summaries, supporting documents, and settlement records for applicable business partners and government schemes.
• Support RGHS billing and settlement activities, including preparation of patient lists, bills, summaries, submission records, and payment tracking.
• Maintain submission and approval status trackers for pending settlements.
• Coordinate with concerned teams for clarification, documentation, and resolution of billing or settlement issues.
• Record settlement receipts accurately against respective invoices and ledgers.
• Follow up on delayed approvals and outstanding settlements.

7. Tally, Excel & Finance System Operations

• Record day-to-day financial transactions accurately in Tally and other finance systems.
• Maintain appropriate ledgers, voucher entries, GST/TDS tagging, receipts, payments, and journal entries.
• Use Excel for reconciliation, ageing analysis, payment tracking, collection reports, MIS, and audit summaries.
• Maintain trackers for invoices, payments, collections, outstanding balances, reconciliations, and compliance activities.
• Ensure financial data is accurate, complete, and updated within defined timelines.

8. Document & Storage Management

• Digitize and organize vendor, invoice, payment, collection, reimbursement, utility, statutory, and reconciliation documents.
• Maintain structured digital folders using appropriate year/month/category/partner-wise naming conventions.
• Maintain physical documentation indexes and ensure alignment between physical records and system records.
• Ensure every financial transaction has appropriate supporting documentation.
• Tag and label files for quick retrieval during audits, management reviews, and query resolution.
• Maintain document trackers and ensure 100% audit readiness and accessibility.

Success Metrics

• 100% Timely & Accurate Invoice Processing
• 100% Timely Processing of Approved Payments
• 100% Timely Deposit & Recording of Collections
• 100% Bank, Vendor & Debtor Reconciliation on Time
• 100% GST & TDS Documentation Accuracy
• Zero / Minimal Late Fees Due to Finance Processing Delays
• 100% Accuracy in Payment & Receipt Booking
• 100% Document Completeness & Retrieval Accuracy
• 100% Audit-Ready Financial Documentation
• Minimal Unreconciled / Suspense Entries