Finance associates

The Finance Associate will be a key member of the finance team, responsible for assisting with day-to-day financial operations, maintaining accurate financial records, and ensuring compliance with company policies and statutory regulations. This role offers an excellent opportunity for individuals to gain practical experience across various finance functions and contribute to the financial health of the organization.

Key Responsibilities:

• Bookkeeping & Record Keeping:

  • Maintain accurate and up-to-date financial records, including ledgers, journals, and subsidiary books.

  • Ensure all financial transactions are recorded correctly and in a timely manner.

  • Organize and maintain proper financial documentation for audit purposes.

• Accounts Payable (AP):

  • Process vendor invoices, ensuring proper approvals and coding.

  • Prepare payment runs for vendors and reconcile vendor statements.

  • Resolve any discrepancies or issues related to accounts payable.

• Accounts Receivable (AR):

  • Generate and issue invoices to clients for services rendered or goods sold.

  • Monitor outstanding receivables and follow up with clients for timely collections.

  • Process customer payments and apply them accurately to respective accounts.

• Bank & Cash Reconciliation:

  • Perform daily, weekly, or monthly bank reconciliations to ensure accuracy between bank statements and company records.

  • Manage petty cash and reconcile cash transactions.

• Financial Data Entry:

  • Accurately input financial data into accounting software (e.g., Tally ERP, SAP, Zoho Books, QuickBooks) and spreadsheets.

  • Ensure data integrity and consistency.

• Assistance in Reporting:

  • Assist in the preparation of various financial reports, including profit & loss statements, balance sheets, and cash flow statements, under the guidance of senior finance professionals.

  • Support the finance team during month-end and year-end closing processes.

• Compliance & Documentation:

  • Ensure adherence to internal financial policies, accounting standards (e.g., Indian Accounting Standards - Ind AS, or Accounting Standards - AS, depending on the company's size/type).

  • Assist with preparation for internal and external audits by providing necessary documentation and explanations.

  • Help ensure compliance with relevant statutory regulations (e.g., GST, TDS, Income Tax).

• Expense Management:

  • Process employee expense reports and ensure compliance with company policies.

• General Administrative Support:

  • Provide general administrative support to the finance department as needed, including filing, scanning, and managing correspondence.