Finance Intern

Role & responsibilities

The Finance intern will get exposure on how to accurately and efficiently manage the invoicing process and post payment receipt steps. The detailed explanation of the job role and responsibilities is provided here.

What will you be learning?

• Create Work Agreements and other relevant documents for any new client or for periodic renewal of existing agreements.
• Coordinate with Project management / Development and Digital Marketing team heads to obtain necessary information for invoicing.
• Verify hourly/ deliverable rates, billing schedule, and discounts/ waivers etc. if any to ensure invoices are billed correctly.
• Learn to generate invoices for services rendered to clients.
• Maintain accurate records of invoices, payments, MIS related to Inward Payments and related client interactions.
• Create, maintain, and manage client Statement of Accounts (SOA) with accurate details of the financial transactions (invoiced and received).
• Communicate with clients and teams regarding invoice inquiries.
• Collaborate with internal departments to streamline invoicing processes and improve efficiency around billing.
• Assist with month-end, quarterly and year-end closing processes as required.
• Provide support to the accounts and operations team during audits or financial reviews.
• Managing all the steps related to Invoicing, SOFTEX generation, STPI submissions, Mapping in bank interface, eBRC creation on DGFT, EDPMS verification etc.
• Managing all steps related to SOFTEX / export bill realisation, reconciliation and regularisation.
• Ensure accurate filing and recording of documents, and manage the submission of official documents to Clients, STPI, Banks, DGFT, RBI etc.
• Accurately maintain records in existing systems and tracking sheets/documents.
• Create MIS related to all Inward payments related data.
• Keep updated on the latest changes, regulations and compliance requirements related to the above (Foreign Inward Remittances for non-STP Units).

In order to achieve the above, training on the existing systems and processes will be provided to the team member. The ability to perform well in this role requires some key qualities and background, which is shared below.