Finance Executive

Position Title: Finance Executive
Department: Finance
Reports To: Finance In-Charge

Role Summary

The Finance Executive – Payments & Compliance is responsible for managing loan repayments, vendor payments, statutory payments, salary processing support, payment entries, and reconciliation activities. The role ensures timely financial transactions, compliance with statutory requirements, and accurate maintenance of financial records.

KEY RESPONSIBILITIES

1. Loan Management

• Process loan repayments as per approved schedules.
• Maintain records of loan balances, due dates, and payment status.
• Coordinate with the Finance In-Charge regarding loan obligations.

2. Vendor Payments

• Process approved vendor payments within agreed timelines.
• Verify supporting documents before payment release.
• Maintain payment records and supporting documentation.

3. Payment Entries

• Record all payment transactions accurately in the accounting system.
• Ensure supporting documents are attached and properly filed.
• Verify accuracy of ledger postings.

4. GST & Statutory Compliance

• Prepare data for GST filing and statutory payments.
• Coordinate with auditors and consultants as required.
• Ensure timely submission of statutory obligations.

5. Reconciliation

• Perform reconciliation of cash collections, digital payments, and bank deposits.
• Identify and resolve discrepancies promptly.
• Prepare reconciliation reports for review.

6. Payroll Support

• Assist in salary processing based on HR-approved data.
• Process statutory deductions including TDS and other applicable deductions.
• Maintain payroll-related records and documentation.

KEY RESULT INDICATORS (KRIs)

1. Timely processing of vendor and loan payments.
2. Accurate reconciliation of bank, cash, and digital transactions.
3. Timely filing of GST and statutory payments.
4. Error-free payroll processing support.
5. Compliance with financial documentation requirements.

• Working Hours : 8
• Night Shift : no specified
• Overtime : No