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.