Finance Executive

Grasim Industries Ltd - Chemical Division; Mumbai; On-site; INR 800,000 - 1,500,000; Full time

Job summary

Grasim Industries Ltd - Chemical Division in Mumbai invites a skilled finance professional to manage payments, vendor management, and controls. You will drive MIS reporting and banking operations, ensuring timely, compliant processing and accurate vendor data.

You will also lead payables controls, procurement alignment, month‑end close support, audits, and ERP transformation activities, collaborating with cross‑functional teams to provide data‑driven insights and robust financial governance.

Responsibilities

• Manage end-to-end processing of vendor payments, including weaver and non-weaver payments.
• Ensure timely payment execution in accordance with defined approval workflows and turnaround times.
• Coordinate with internal stakeholders to resolve payment-related queries and exceptions.
• Monitor payment accuracy and strengthen controls to minimize processing errors.
• Support cash flow planning through effective payment tracking and prioritization.
• Maintain accurate payment MIS with proper classification of expenses, GST, TDS, and vendor details.
• Generate periodic reports on payments, payables, and vendor performance.
• Analyze financial and operational data to generate actionable business insights.
• Develop analytical dashboards and reports covering vendor trends, payments, advances, ageing, and procurement intelligence.
• Support management with data-driven recommendations for decision-making.
• Manage payment uploads and approvals through banking portals.
• Ensure error‑free execution of transactions and timely completion of approvals.
• Maintain transaction records and support reconciliations.
• Review purchase orders against approved commercial terms, pricing, quantities, and budgets.
• Coordinate resolution of mismatches and discrepancies with business teams.
• Track outstanding payables and develop ageing analysis for better liability management.
• Support finance leadership with visibility into vendor obligations and payment planning.
• Pass and review accounting entries in ERP systems with appropriate supporting documentation.
• Ensure compliance with accounting policies and internal controls.
• Support month‑end and year‑end closing activities.
• Coordinate with cross‑functional teams to ensure timely and accurate financial recording.
• Maintain organized documentation and digital records for all financial transactions.
• Support statutory, tax, and internal audits.
• Respond to audit requirements and ensure timely closure of queries.
• Strengthen documentation, compliance and control frameworks.
• Actively participate in ERP implementation, testing and training and stabilisation activities.

Job description

Role & responsibilities

Payments & Vendor Management

• Manage end-to-end processing of vendor payments, including weaver and non-weaver payments.
• Ensure timely payment execution in accordance with defined approval workflows and turnaround times.
• Coordinate with internal stakeholders to resolve payment-related queries and exceptions.
• Monitor payment accuracy and strengthen controls to minimize processing errors.
• Support cash flow planning through effective payment tracking and prioritization.

MIS, Reporting & Business Analytics

• Maintain accurate payment MIS with proper classification of expenses, GST, TDS, and vendor details.
• Generate periodic reports on payments, payables, and vendor performance.
• Analyze financial and operational data to generate actionable business insights.
• Develop analytical dashboards and reports covering vendor trends, payments, advances, ageing, and procurement intelligence.
• Support management with data-driven recommendations for decision-making.

Banking Operations

• Manage payment uploads and approvals through banking portals.
• Ensure error‑free execution of transactions and timely completion of approvals.
• Maintain transaction records and support reconciliations.

Payables & Procurement Controls

• Review purchase orders against approved commercial terms, pricing, quantities, and budgets.
• Coordinate resolution of mismatches and discrepancies with business teams.
• Track outstanding payables and develop ageing analysis for better liability management.
• Support finance leadership with visibility into vendor obligations and payment planning.

Accounting & Financial Controls

• Pass and review accounting entries in ERP systems with appropriate supporting documentation.
• Ensure compliance with accounting policies and internal controls.
• Support month‑end and year‑end closing activities.
• Coordinate with cross‑functional teams to ensure timely and accurate financial recording.

Audit & Compliance

• Maintain organized documentation and digital records for all financial transactions.
• Support statutory, tax, and internal audits.
• Respond to audit requirements and ensure timely closure of queries.
• Strengthen documentation, compliance and control frameworks.

ERP Transformation & Process Improvement

• Actively participate in ERP implementation, testing and training and stabilisation activities.