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 1. 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. 2. 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. 3. 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. 4. 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. 5. 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. 6. 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. 7. 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. 8. 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. 9. 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. 10. 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.