Senior Finance Executive

Lotte India Corporation; Chennai District; On-site; INR 500,000 - 800,000; Full time

Job summary

Lotte India Corporation in Chennai operates as aSenior Finance Executive, supporting the Corporate Finance team with month-end accounting, financial reporting, budgeting, and audit coordination. The role emphasizes accuracy, compliance, and timely delivery of financial data in a manufacturing environment.

The candidate should have 1–3 years of relevant experience, familiarity with SAP, and strong MS Excel skills.

Qualifications

• Bachelor's degree in commerce or related discipline; CA-Intermediate or CMA qualification adds advantage.
• 1–3 years in corporate accounting, financial reporting, or costing; manufacturing exposure preferred.
• Experience with SAP, month-end closing, audits, and internal controls is desirable.

Responsibilities

• Assist in financial compilation for month-end statements, including P&L and balance sheet.
• Support budgeting, management reporting, data packs, and variance analysis.
• Coordinate internal and statutory audits and maintain audit documentation.
• Support K-SOX/IFC compliance, evidence collection, and HQ reporting.
• Provide costing and inventory data support, including COG analysis and variances.
• Track factory utility bills and route approvals with proper documentation.

Skills

Financial data analysis

Analytical skills

Communication skills

Coordination & follow-up

Attention to detail

Documentation skills

Education

Bachelor's degree in commerce / finance

CA- Intermediate OR CMA- Qualified

Tools

SAP

MS Excel

Job description

Position: Senior Finance Executive

Location: Head Office (Perungudi, Chennai)

Job Type: Permanent

Job Purpose:

• To support the Corporate Finance team in accurately compiling financial information, executing month-end accounting activities, coordinating statutory and internal audit requirements, supporting K-SOX/IFC compliance, and assisting with costing, inventory, budgeting, and management reporting activities under the guidance of senior management.

Key Skills:

• Strong proficiency in MS Excel and financial data analysis
• Working knowledge of SAP and accounting processes
• Good understanding of month-end closing and financial reporting
• Knowledge of corporate accounting, costing, audit, and internal controls
• Exposure to K-SOX / IFC compliance is preferred
• Strong attention to detail and accuracy in financial verification
• Good analytical, coordination, and follow-up skills
• Ability to manage multiple activities and meet strict deadlines
• Good communication and documentation skills

Qualifications:

• Bachelors degree in commerce, Accounting, Finance, or a related discipline will be an added advantage.
• CA- Intermediate OR CMA- Qualified

Experience:

• 1–3 years of relevant experience in corporate accounting, financial reporting, costing, audit assistance, compliance, or a related finance function.
• Experience in a manufacturing environment is preferred.
• Candidates with exposure to SAP, month-end closing, audit coordination, costing, or internal controls will be preferred.

Key Responsibilities:

1. Financial Compilation & Month-End Support

• Assist in preparing financial data for month-end Financial Statements, including P&L, Balance Sheet, MRM, and CFO files.
• Calculate and update routine month-end workings such as provisions, royalty tracking, and prepaid expense movements.
• Prepare and maintain supporting schedules for consolidated financial information.
• Organize and maintain merger-related financial documentation.

2. Budgeting & Management Reporting

• Support annual budgeting activities through data collection and coordination with relevant departments.
• Update monthly financial estimates based on management templates.
• Compile, format, validate, and upload data packs for monthly and quarterly management reporting.
• Ensure accuracy and consistency of financial data submitted for management review.

3. Audit Coordination & Documentation

• Coordinate with internal departments to collect information and supporting documents for statutory and internal audits.
• Prepare and maintain accurate audit schedules and supporting documentation.
• Track audit requests and follow up with stakeholders to ensure timely submissions.
• Coordinate with external auditors and assist in closing outstanding audit observations.

4. K-SOX / IFC Compliance

• Support control testing and review activities covering TODI, WTT, RCM, and process flowcharts.
• Collect and organize evidence required for internal control and anti-fraud compliance.
• Maintain change-management documentation and prepare required reports for HQ-Korea.
• Support external auditors during K-SOX audits and ensure timely submission of required evidence.

5. Costing & Inventory Management

• Provide financial data support for new product costing, Cost of Goods (COG) analysis, and CSD costing.
• Maintain inventory-related financial files and supporting schedules.
• Prepare and update profitability and variance analysis reports.
• Assist in identifying and validating significant cost and inventory variances.

6. Factory Utility Tracking & Approvals

• Verify routine utility bills, including electricity, water, and SCU conversion payments, for three factories.
• Validate supporting documents and investigate significant billing variances.
• Prepare and route variance reports through the internal approval system.
• Coordinate approvals from HOD, CFO, MD, and Chairman as required.
• Maintain proper documentation and filing of approved transactions.