Finance Executive

Renold Chain; Karur; On-site; INR 500,000 - 700,000; Full time

Job summary

Renold Chain in Karur, Tamil Nadu seeks an Executive in Finance to manage supplier payments, banking tasks and month-end close processes.

The role requires a B.Com/M.Com with at least five years' experience in payable management, strong MS Excel skills, and knowledge of general accounting practices. Experience with M3 Infor is an added advantage.

Candidates should demonstrate integrity, analytical thinking and ability to work in a dynamic environment.

Qualifications

• Candidates must have completed B. Com / M. Com from a reputed college.
• Minimum 5 years of experience in finance payable management.
• Proficient in general accounting and journal entries.
• Knowledge of basic banking functions and MS Excel.
• MS Office proficiency; familiarity with M3 Infor is an advantage.

Responsibilities

• Prepare supplier ageing reports and plan for the payments.
• Review supplier advances and coordinate closures with respective departments.
• Make the Vendor Payments, Statutory Payments (PF, ESI, Taxes) and perform timely reconciliations.
• Liaise with vendors, suppliers & related parties for invoicing, billing, payment discrepancies.
• Prepare Bank Reconciliation statements, submit Cash reports and assist in banking matters.
• Post & review manual Journal Entries and ensure correct entries are passed.
• Make proper entries in Fixed Asset Register for capitalizing assets and depreciate monthly.
• Assist month-end finance activities with bills, provisions, and depreciation postings.
• Ensure records are maintained as per law.

Skills

Payable management

MS Excel

General accounting

Banking knowledge

MS Office

Journal entries

Data interpretation

Team management

Education

B.Com

M.Com

Tools

M3 Infor

Job description

Designation: Executive

Department: Finance

Location: Karur, Tamil Nadu, India

Reporting to: General Manager Company Secretary & Business Support

Roles & Responsibilities:

• Responsible for preparing the Supplier ageing reports and plan for the Payments.
• Review of Supplier advances and following with the respective departments for closure of the same.
• Making the Vendor Payments, Statutory Payments (such as PF, ESI, Taxes) as per payment cycle and performing for timing reconciliations.
• Liaise with vendors, suppliers & any other related parties for any discrepancies or issues pertaining to invoicing, billing, payment, etc.
• Preparation of Bank Reconciliation statement, submission of Cash reports and assisting in all banking matters.
• Posting & reviewing of the manual Journal Entries and ensuring right Journal Entries are passed.
• Making proper entries in the Fixed Asset Register for capitalizing the Assets with proper grouping as per Capex policy and processing of Depreciation month on month.
• Assisting in the month end finance activities by ensuring all bills are accounted (GRN Closure), necessary Journal entries relating to various provisions, prepaid entries, depreciation are posted.
• To ensure that all the records are maintained as per law.

Positional Requirements Functional:

• Candidates must have completed B. Com / M. Com from a reputed college.
• Must have worked in finance department with a minimum of 5 years of experience and experience in payable management.
• Must have knowledge on General Accounting Entries (Journal Entries)/ principle of accounting.
• Must have knowledge in basic Banking functions.
• Computer Literacy Good Knowledge in MS office (must be expertise in MS Excel). Knowledge in M3 Infor is added advantage.

Positional Requirements – Personal Skills:

• High level integrity & Ethics
• Open mind, self-motivator, and good listener.
• Analytical mind and good in interpretation of data.
• Must be resilient, capable of coping with ambiguity and prioritizing the important elements in a very challenging environment.
• Good Team Management