Finance Executive – Freshers

Key Responsibilities and Duties

The duties typically span accounting operations, reporting, compliance, and budget control.

I. Accounting and Transaction Management

• ✓ General Ledger (GL) Management: Oversee and manage the company’s general ledger, ensuring the accurate and timely recording of all financial transactions.

Accounts Payable (AP) & Accounts Receivable (AR): Manage the full cycle of AP (vendor invoices, payments) and AR (customer invoicing, collections) to maintain healthy cash flow.

• ✓ Bank Reconciliation: Perform regular bank and ledger reconciliations to identify and resolve any discrepancies.
• ✓ Asset Management: Maintain the Fixed Assets Register, including tracking additions, disposals, and calculating depreciation.

II. Financial Reporting and Analysis

• ✓ Financial Statement Preparation: Assist in the preparation of monthly, quarterly, and annual financial statements, including the Balance Sheet, Profit & Loss (P&L) statement, and Cash Flow statement.
• ✓ Budgeting and Forecasting: Assist in the preparation of the annual operating budget and periodic financial forecasts; track performance against the budget and analyze variances.
• ✓ Financial Analysis: Conduct basic financial analysis (e.g., trend analysis, cost analysis) to highlight key financial drivers and areas for improvement.

III. Taxation and Compliance

• ✓ Taxation: Handle statutory compliances related to direct and indirect taxes, including GST (Goods and Services Tax), TDS (Tax Deducted at Source), and TCS (Tax Collected at Source).
• ✓ Audit Support: Prepare documentation and schedules required for statutory audits, internal audits, and tax audits, serving as a key liaison for external auditors.
• ✓ Regulatory Adherence: Ensure all financial transactions and reporting comply with Indian Accounting Standards (Ind AS/AS), company policies, and relevant legal and regulatory requirements.