A Finance Executive plays a crucial role in the day-to-day financial management of the company. They are responsible for ensuring accurate financial records, processing transactions, managing budgets, and assisting with financial reporting and analysis. The role requires a strong understanding of accounting principles, attention to detail, and the ability to manage multiple financial tasks efficiently.

Key Responsibilities:

1. Financial Accounting:

- Maintain and update financial records, including general ledger, accounts payable, and accounts receivable.

- Process invoices, payments, and receipts, ensuring all transactions are recorded accurately.

- Perform month-end and year-end reconciliations to ensure financial data integrity.

2. Budgeting and Cost Control:

- Assist in the preparation of the annual budget and regular financial forecasts.

- Monitor departmental budgets, track expenses, and report any variances to the finance manager.

- Identify opportunities to control costs and optimize spending across departments.

3. Financial Reporting:

- Assist in the preparation of financial statements, including profit and loss accounts, balance sheets, and cash flow statements.

- Ensure timely and accurate submission of reports to senior management and stakeholders.

- Prepare financial summaries for internal use, such as management dashboards or financial KPIs.

4. Compliance and Auditing:

- Ensure that all financial activities are in compliance with applicable laws, regulations, and company policies.

- Assist with internal and external audits by providing required documentation and information.

- Help ensure that internal controls are in place to safeguard the company’s financial assets.

5. Payroll Management:

- Process payroll, ensuring that employees are paid accurately and on time.

- Calculate tax deductions, benefits, and other payroll-related figures.

- Ensure compliance with payroll regulations and address any payroll-related issues.

6. Taxation and Statutory Filings:

- Assist with the preparation and filing of tax returns, including VAT, GST, income tax, etc.

- Ensure that the company meets all tax deadlines and obligations.

- Keep up-to-date with changes in tax regulations and assess their impact on the business.

7. Cash Flow and Banking:

- Monitor cash flow and manage day-to-day banking transactions, including deposits, withdrawals, and transfers.

- Reconcile bank statements with company records and investigate any discrepancies.

- Manage petty cash and ensure accurate record-keeping.

8. Accounts Receivable and Payable:

- Manage the company’s accounts receivable by following up on outstanding invoices and ensuring timely collections.

- Handle accounts payable, ensuring that all payments are made accurately and on time to suppliers and vendors.

- Reconcile supplier accounts and resolve any discrepancies or disputes.

9. Financial Analysis:

- Conduct financial analysis to support decision-making and provide insights into business performance.

- Track key financial metrics and present findings to the Directors / CEO

- Identify areas of financial inefficiency and propose solutions for improvement.

10. Financial Support:

- Provide support for any finance-related projects, such as new system implementations, financial process improvements, or special reporting needs.

- Assist with preparing for board meetings or investor presentations by gathering and analyzing relevant financial data.

Key Skills & Competencies:

- Strong knowledge of accounting principles and financial management.

- Proficiency in financial software (e.g., FRESA / TALLY ) and advanced Excel skills.

- Analytical mindset with the ability to interpret financial data.

- Attention to detail and accuracy in financial reporting and analysis.

- Strong organizational and time-management skills.

- Good communication skills and the ability to work as part of a team.

- Knowledge of tax laws, payroll regulations, and financial compliance requirements.

- Ability to work under pressure and meet tight deadlines.

PANMODAL LOGISTICS PVT LTD

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Finance Executive

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