Finance Executive

Company Description

Canvs is a leader in user experience design, collaborating with some of India's largest banks and NBFCs to deliver innovative solutions. The company works closely with Strategy, Product, Technology, and Marketing teams to execute long-term product visions. Canvs is dedicated to creating impactful designs and engineering solutions while fostering a team of talented professionals. The organization is committed to innovation and aligning design goals with business objectives.

Role Description

This is a full-time, part-remote, part-work from office role based in Mumbai for a Finance Executive with the following job description / responsibilities.

1) Financial Management

• Monitor cash flow, budgeting, and project-based financial planning specific to design agency operations.
• Ensure proper allocation of resources to various client projects and campaigns.

2) Accounting Activities

• Maintain accurate records of revenue from multiple clients, including invoicing, tracking payments, and client-wise reconciliation.
• Manage accounts payable and receivable while ensuring timely follow-ups for outstanding invoices.
• Track project expenses to ensure profitability and adherence to budgets.

3) Client Financial Coordination

• Collaborate with account managers to ensure financial data aligns with client agreements, retainers, or project fees.
• Assist in preparing financial reports for clients, including cost breakdowns and project-wise profitability.

4) Taxation & Compliance

• Handle GST invoicing for creative services and ensure compliance with regulations applicable to service-based businesses.
• File GST returns and ensure proper ITC (Input Tax Credit) claims specific to design agency services.

5) Payroll & Freelancers Management

• Process monthly payroll for full-time employees.
• Manage payments for freelance designers, contractors, and vendors while ensuring compliance with TDS regulations.

6) Project-Based Financial Reporting

• Track revenue and expenses for specific campaigns or design projects, ensuring profitability analysis per project/client.
• Support the leadership team in analyzing the financial impact of pitching new clients or expanding service offerings.

7) Software & Tools Oversight

• Manage financial tools and software commonly used in the design industry, such as project management systems integrated with accounting tools.

8) Budgeting & Financial Planning

• Prepare and monitor departmental budgets for design tools, marketing, and creative assets.
• Assist in forecasting revenues based on client pipelines and retainer agreements.

9) Stakeholder Collaboration

• Coordinate with creative teams to align project budgets with operational expenses.
• Liaise with external auditors, tax consultants, and clients' finance teams for financial reviews.

10) Reporting & Insights

• Generate MIS (Management Information System) reports specific to client-wise profitability, operational costs, and team utilization rates.
• Provide insights to the management team for pricing strategies, resource allocation, and expense control.

Qualifications

• Experience with Financial Statements and Financial Reporting
• Strong Analytical Skills and an understanding of Finance principles
• Knowledge and experience in Goods and Services Tax (GST) compliance and regulations
• Computer proficiency, particularly in financial software and tools
• Bachelor's degree in Finance, Accounting, or a related field
• Detail-oriented with excellent organizational and problem-solving skills
• Prior experience of 3-4 years in a similar role