Account Executive - Payable and Receivables

Waaree Renewable Technologies; Mumbai; On-site; INR 450,000 - 600,000; Full time

Job summary

Waaree Renewable Technologies in Mumbai is seeking an Accounts & Finance Executive to manage day-to-day banking operations, bank reconciliation, and core accounting activities.

The role requires 3–8 years of experience, with qualifications in B.Com / M.Com / MBA Finance, and hands-on knowledge of GST/TDS, AR/AP, and SAP/ERP.

You will ensure accurate ledger maintenance, month-end closing support, and collaboration with Sales, Projects, and Finance teams.

Qualifications

• 3–8 years of relevant experience in accounts and finance.
• Experience in online banking operations and accounting entries.
• Strong knowledge of GST and TDS.
• Proficient in MS Excel and SAP/ERP systems.
• Experience with AR and AP lifecycle.

Responsibilities

• A. Banking Operations: Manage day-to-day banking activities including NEFT, RTGS, IMPS and other authorised fund transfers.
• B. Bank Reconciliation & Accounting Entries: Perform regular bank reconciliations and pass accounting entries for receipts, payments, bank charges and interests.
• C. Accounts Receivable (AR): Record customer receipts, monitor ageing, and coordinate collections.
• D. Accounts Payable (AP): Process vendor invoices, verify GST/TDS, and manage vendor reconciliations.
• E. General Accounting & Reporting: Maintain records in SAP/ERP, assist month-end closing and reporting.

Skills

Banking operations

Bank reconciliation

Accounts receivable

Accounts payable

GST compliance

TDS compliance

Financial reporting

Coordination

Education

B.Com

M.Com

MBA Finance

Tools

SAP/ERP

MS Excel

Job description

Role : Accounts & Finance Executive
Location: Mumbai
Experience: 3 - 8 Years (Indicative)
Qualification: B.Com / M.Com / MBA Finance

Industry Preference: Renewable Energy / Solar EPC / Infrastructure / Power / Manufacturing

Role Overview

We are looking for an Accounts & Finance professional to manage day-to-day banking operations, bank accounting, bank reconciliation, accounts receivable, accounts payable, and related accounting activities. The candidate should have practical experience in online banking operations, accounting entries, customer/vendor ledger management, and financial transaction monitoring.

Key Responsibilities

A. Banking Operations

• Handle day-to-day banking activities, including NEFT, RTGS, IMPS, and other authorised fund transfers.
• Prepare payment instructions and coordinate with authorised signatories for payment approvals and execution.
• Download bank statements, monitor account balances, track incoming and outgoing transactions, and maintain bank records.
• Record bank transactions, including fund transfers, bank charges, interest, receipts, and payments.
• Coordinate with banks for transaction status, payment failures, bank confirmations, and account-related queries.
• Maintain proper documentation and internal controls for banking transactions.

B. Bank Reconciliation & Accounting Entries

• Perform daily or periodic bank reconciliation and resolve unreconciled entries.
• Pass accounting entries for receipts, payments, bank charges, interest, cheque transactions, and inter-bank transfers.
• Identify unmatched transactions, duplicate entries, and unidentified credits/debits.
• Maintain accurate bank ledgers and support month-end closing activities.

C. Accounts Receivable (AR)

• Record customer receipts and ensure timely adjustment against outstanding invoices.
• Monitor customer outstanding balances and prepare receivables ageing reports.
• Follow up with customers and internal teams for pending collections and payment confirmations.
• Reconcile customer accounts and resolve discrepancies in receipts, invoices, and credit notes.
• Coordinate with Sales, Commercial, Project, and Finance teams regarding billing, collections, and outstanding payments.

D. Accounts Payable (AP)

• Process vendor invoices, payment requests, and supporting documents after appropriate verification and approvals.
• Verify PO, GRN, invoice details, and applicable GST/TDS requirements, wherever relevant.
• Prepare vendor payment proposals and coordinate payment execution.
• Maintain vendor ledgers, perform vendor reconciliations, and monitor payable ageing.

E. General Accounting & Reporting

• Maintain accurate accounting records in SAP or other ERP/accounting software.
• Prepare bank, customer, and vendor reconciliation statements.
• Support month-end closing, audit documentation, and financial reporting.
• Ensure compliance with company policies, approval matrices, and applicable accounting procedures.

Required Skills

• Hands-on experience in banking operations and bank reconciliation.
• Strong knowledge of accounting entries and bank ledger accounting.
• Practical experience in Accounts Receivable and customer receipt reconciliation.
• Working knowledge of Accounts Payable and vendor reconciliation.
• Proficiency in MS Excel and SAP/ERP accounting systems.
• Good understanding of GST, TDS, and basic accounting principles.
• Strong coordination, accuracy, and follow-up skills.

Preferred Candidate Profile

Candidates with experience in Solar EPC, Renewable Energy, Infrastructure, Power, or Manufacturing organisations will be preferred. The candidate should be comfortable handling multiple bank accounts, daily financial transactions, customer collections, vendor payments, and routine accounting activities independently.