Job Description
1. Financial Reporting and Analysis:
- Prepare and analyze financial statements, including profit and loss statements, balance sheets, and cash flow statements.
- Monitor key financial metrics and provide insights on financial performance to support decision-making.
- Conduct variance analysis and identify areas for cost optimization and revenue enhancement.
- Ensure compliance with relevant accounting standards, laws, and regulations.
2. Budgeting and Forecasting:
- Collaborate with department heads to develop annual budgets and forecasts.
- Track actual performance against budgets and provide regular reports on budget variances.
- Identify areas of improvement and recommend budget reallocations or cost-saving measures.
- Support the management team in long-term financial planning and strategic initiatives.
3. Financial Operations:
- Manage day-to-day financial operations, including accounts payable, accounts receivable, and general ledger activities.
- Oversee the invoicing process, ensuring accuracy and timely collection of payments.
- Maintain strong relationships with banks, auditors, and other external stakeholders.
- Monitor cash flow and manage working capital to optimize liquidity.
4. Compliance and Audit:
- Ensure compliance with local tax regulations and manage tax filings.
- Support internal and external audits, including preparation of audit schedules and addressing audit queries.
- Implement and maintain effective internal controls to safeguard company assets.
- Stay updated on changes in financial regulations and ensure timely adherence.
5. Financial Systems and Process Improvement:
- Utilize financial systems and tools effectively to streamline processes and enhance efficiency.
- Identify process gaps and recommend improvements to enhance financial operations.
- Contribute to the implementation and enhancement of financial software systems.
Qualifications and Requirements:
- Bachelor's degree in Finance, Accounting, or a related field. Professional certifications such as CA, CMA, or CPA are highly preferred.
- Proven experience (1 year) in finance or accounting roles, preferably in a corporate environment.
- Strong knowledge of accounting principles, financial reporting, and taxation regulations in India.
- Proficiency in financial analysis, budgeting, and forecasting techniques.
- Experience in using financial software systems and advanced proficiency in MS Excel.
- Excellent analytical skills with attention to detail and accuracy.
- Strong communication and interpersonal skills to collaborate with cross-functional teams.
- Ability to work under pressure, meet deadlines, and handle multiple tasks simultaneously.
- Knowledge of ERP systems (SAP, Oracle, TCS) is a plus.
Note: This job description serves as a general summary of the primary responsibilities and qualifications for the role of Finance Executive. It is not intended to be exhaustive and may be subject to change or modification as per the company's requirements
- Prepare and analyze financial statements, including profit and loss statements, balance sheets, and cash flow statements.
- Monitor key financial metrics and provide insights on financial performance to support decision-making.
- Conduct variance analysis and identify areas for cost optimization and revenue enhancement.
- Ensure compliance with relevant accounting standards, laws, and regulations.
2. Budgeting and Forecasting:
- Collaborate with department heads to develop annual budgets and forecasts.
- Track actual performance against budgets and provide regular reports on budget variances.
- Identify areas of improvement and recommend budget reallocations or cost-saving measures.
- Support the management team in long-term financial planning and strategic initiatives.
3. Financial Operations:
- Manage day-to-day financial operations, including accounts payable, accounts receivable, and general ledger activities.
- Oversee the invoicing process, ensuring accuracy and timely collection of payments.
- Maintain strong relationships with banks, auditors, and other external stakeholders.
- Monitor cash flow and manage working capital to optimize liquidity.
4. Compliance and Audit:
- Ensure compliance with local tax regulations and manage tax filings.
- Support internal and external audits, including preparation of audit schedules and addressing audit queries.
- Implement and maintain effective internal controls to safeguard company assets.
- Stay updated on changes in financial regulations and ensure timely adherence.
5. Financial Systems and Process Improvement:
- Utilize financial systems and tools effectively to streamline processes and enhance efficiency.
- Identify process gaps and recommend improvements to enhance financial operations.
- Contribute to the implementation and enhancement of financial software systems.
Qualifications and Requirements:
- Bachelor's degree in Finance, Accounting, or a related field. Professional certifications such as CA, CMA, or CPA are highly preferred.
- Proven experience (1 year) in finance or accounting roles, preferably in a corporate environment.
- Strong knowledge of accounting principles, financial reporting, and taxation regulations in India.
- Proficiency in financial analysis, budgeting, and forecasting techniques.
- Experience in using financial software systems and advanced proficiency in MS Excel.
- Excellent analytical skills with attention to detail and accuracy.
- Strong communication and interpersonal skills to collaborate with cross-functional teams.
- Ability to work under pressure, meet deadlines, and handle multiple tasks simultaneously.
- Knowledge of ERP systems (SAP, Oracle, TCS) is a plus.
Note: This job description serves as a general summary of the primary responsibilities and qualifications for the role of Finance Executive. It is not intended to be exhaustive and may be subject to change or modification as per the company's requirements
💡 Quick Summary
Seeking a career-building opportunity? The Finance Executive position is now open for candidates interested in the MIS Executive sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in MIS Executive is a plus.