Sr. Finance Executive

Job Title: Senior Finance Executive

Department: Finance & Accounts

Job Summary

• Manage day-to-day financial operations, accounting activities, financial reporting, and statutory compliance.
• Ensure accurate maintenance of financial records and timely preparation of financial statements.
• Monitor cash flow, budgets, receivables, payables, and overall financial performance.
• Coordinate with management, auditors, banks, and statutory authorities.

Key Responsibilities

• Accounting & Financial Management
• Manage daily accounting transactions, journal entries, ledger maintenance, and reconciliations.
• Prepare monthly, quarterly, and annual financial statements.
• Review the accuracy of financial records and accounting entries.
• Ensure proper documentation of all financial transactions.
• Accounts Payable & Receivable
• Monitor vendor payments, customer collections, and outstanding balances.
• Verify supplier invoices, payment requests, and supporting documents.
• Follow up on overdue receivables and coordinate with project teams for payment collection.
• Ensure timely processing of payments as per approved company procedures.
• Banking & Cash Flow Management
• Prepare daily and monthly cash flow statements.
• Monitor bank balances, cash requirements, and fund utilization.
• Perform bank reconciliations and resolve discrepancies.
• Coordinate with banks regarding payments, transfers, loans, and other financial matters.
• Taxation & Statutory Compliance
• Handle GST returns, TDS deductions, and related statutory filings.
• Ensure timely payment of GST, TDS, Professional Tax, and other applicable statutory dues.
• Coordinate with consultants and authorities for tax assessments and compliance matters.
• Maintain statutory records and supporting documents for audits.
• Payroll & Employee-Related Accounts
• Verify payroll inputs, salary payments, and employee-related financial transactions.
• Coordinate with HR for PF, ESI, Professional Tax, and other applicable payroll deductions.
• Ensure accurate accounting of salaries, reimbursements, advances, and employee settlements.
• Budgeting & Financial Analysis
• Assist in preparing annual budgets and financial forecasts.
• Monitor actual expenses against approved budgets.
• Identify cost variances and recommend cost-control measures.
• Prepare financial analysis reports to support management decisions.
• Project Finance & Cost Control
• Monitor project-wise income, expenditure, and profitability.
• Review project expenses, subcontractor bills, material costs, and payment certificates.
• Coordinate with project managers and the billing team regarding project financial matters.
• Track project advances, retention amounts, receivables, and outstanding payments.
• Prepare project-wise financial reports for management review.
• Audit & Internal Controls
• Coordinate internal, statutory, and tax audits.
• Provide required financial records and supporting documents to auditors.
• Ensure compliance with company financial policies and approval procedures.
• Identify discrepancies and implement appropriate corrective measures.
• MIS & Management Reporting
• Prepare monthly MIS reports, cash flow statements, and financial summaries.
• Submit reports on outstanding payables, receivables, expenses, and fund requirements.
• Analyse financial performance and highlight significant variations to management.
• Maintain accurate and updated financial data for decision-making.
• Team Coordination & Process Improvement
• Coordinate with the accounts team, HR, procurement, billing, and project departments.
• Guide junior accounts staff and review their work where required.
• Ensure timely completion of accounting activities and reporting deadlines.
• Improve financial processes, documentation, and internal reporting systems.

Qualifications & Experience

• Bachelor's degree in Commerce, Finance, or Accounting.
• M.Com, MBA Finance, or CA Inter qualification will be an added advantage.
• Minimum 5-8 years of relevant experience in finance and accounting.
• Experience in the construction or real estate industry is preferred.
• Strong knowledge of GST, TDS, taxation, and statutory compliance.
• Experience in project accounting, budgeting, cash flow management, and financial reporting.