Finance Executive

Roles and responsibilities

Key Responsibilities:

• Payment Processing: Oversee daily payment to vendors and ensure payments are made in the agreed timeline, as per the agreed payment term. Reviewing vendor SOA to ensure there are no open items.
• Reconciliation: Perform regular reconciliations of payment accounts, ensuring accuracy and resolving discrepancies promptly.
• Invoicing: Approve PR/RFQ/PO/Invoices after thorough checking of the documents required. Prepare URN for legal and Finance invoices.
• Reporting: Analysing report on Vendor balance aging and taking necessary actions. Prepare the daily Sales Reports, adhoc reports as requested by the management.
• Compliance: Ensure adherence to financial regulations and company policies related to payments including VAT.
• Vendor Relations: Liaise with vendors and suppliers to address payment inquiries and resolve issues.
• Vendor Onboarding: Onboard/Update KYC/Bank update and extension of site of the vendors and maintain healthy registry of contact details.
• Process Improvement: Identify opportunities to enhance payment processes and implement best practices.
• Collaboration: Work closely with accounting, procurement, and other departments to support overall financial operations.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• 4+ years of experience in finance or accounting, with a focus on payments processing.
• Strong understanding of financial regulations and compliance requirements.
• Proficient in MS Office (advanced excel), Power BI is a must.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and organizational abilities.
• Effective communication and interpersonal skills.

Desired candidate profile

A Finance Executive plays a crucial role in managing an organization's financial health and ensuring effective financial planning, analysis, and reporting. Here are the key skills and responsibilities associated with this position:

Financial Planning and Analysis

1. Budgeting: Assisting in the development and management of the organization's budget, including forecasting and variance analysis.
2. Financial Modeling: Creating financial models to support strategic decision-making and investment planning.

Reporting

1. Financial Reporting: Preparing accurate and timely financial reports, including income statements, balance sheets, and cash flow statements.
2. Compliance Reporting: Ensuring compliance with regulatory requirements and internal policies in financial reporting.

Cost Management

1. Expense Analysis: Analyzing costs and identifying areas for cost reduction and efficiency improvements.
2. Profitability Analysis: Assessing the profitability of various products, services, or business units.

Risk Management

1. Financial Risk Assessment: Identifying and evaluating financial risks and developing strategies to mitigate them.
2. Internal Controls: Implementing and monitoring internal controls to safeguard the organization’s assets.

Investment Management

1. Investment Analysis: Evaluating potential investment opportunities and conducting due diligence.
2. Portfolio Management: Assisting in managing investment portfolios and tracking performance.

Cash Flow Management

1. Cash Flow Forecasting: Monitoring and forecasting cash flow to ensure sufficient liquidity for operations.
2. Working Capital Management: Optimizing working capital to improve operational efficiency.

Communication Skills

1. Stakeholder Engagement: Communicating financial information and insights effectively to stakeholders, including management and board members.
2. Cross-Functional Collaboration: Working closely with other departments to support financial decision-making.

Team Leadership

1. Mentoring: Providing guidance and support to junior finance team members.
2. Team Collaboration: Collaborating with finance team members to ensure accuracy and efficiency in financial processes.

Technology Proficiency

1. Financial Software: Utilizing financial management software and tools for reporting, analysis, and forecasting.
2. Data Analysis Tools: Leveraging data analysis tools to extract insights and improve decision-making.

Strategic Thinking

1. Long-Term Planning: Contributing to long-term financial planning and strategic initiatives.
2. Performance Improvement: Identifying opportunities for operational improvements and efficiencies.

Continuous Improvement

1. Process Optimization: Seeking ways to streamline financial processes and improve accuracy and efficiency.
2. Professional Development: Staying updated on industry trends and best practices in finance and accounting.