Sr. Executive (F&A)

Lotus Petal Foundation has over 13 years of grassroots-level expertise in handling challenges faced by underprivileged children and transforming their lives through education, nutrition and skill development & livelihood support. The Foundation focuses on the holistic development of the child thus preparing them to integrate into mainstream society, leaving a long-lasting impact on the lives of the students and their families.

General Description of Profile-

The primary purpose of this role is to ensure the efficient and accurate management of financial transactions related to accounts payable and accounts receivable. The Sr. Executive will play a critical role in maintaining the organization's financial integrity by processing invoices, managing payments, reconciling accounts, and ensuring compliance with statutory and organizational policies. The role contributes directly to cash flow management, stakeholder’s satisfaction, and the overall financial health of the organization.

Activity list and Key Responsibilities :-

Account Payable:

• Process vendor invoices and ensure timely payments as per agreed terms.
• Verify and reconcile invoices against purchase orders and goods receipt notes.
• Ensure proper documentation and approvals are in place for payments.
• Manage vendor queries and resolve discrepancies promptly.
• Prepare and maintain records of payments, ensuring compliance with company policies and statutory requirements.
• Assist with monthly closing activities, including accounts reconciliation and accrual postings.
• Vendors reconciliations .

Account Receivable:

• Generate and issue invoices to customers accurately and on time.
• Track incoming payments and ensure timely receipt as per credit terms.
• Reconcile accounts and follow up on outstanding payments with vendors.
• Handle stakeholder's queries and resolve billing discrepancies.
• Maintain accurate records of receivables, including aging reports and payment status updates.
• Support the preparation of financial reports related to receivables and cash flow.

General Responsibilities:

• Ensure compliance with GST, TDS, and other statutory regulations related to accounts payable/receivable.
• Assist in audits by providing necessary documents and explanations.
• Identify opportunities for process improvements and implement best practices in financial operations.
• Collaborate with internal teams, such as procurement and sales, to resolve payment and billing issues.

Maintain confidentiality of financial data and ensure adherence to organizational policies

Educational Qualifications:

• Bachelor’s degree in Commerce, Accounting, or Finance or equivalent

Experience:-

Ø 5-8 years of experience in accounts payable, accounts receivable, or related financial operations.

Ø Proficiency in accounting software especially Tally Prime ERP and MS Office, especially Excel.

Ø Strong understanding of GST, TDS, and other relevant statutory compliance.

Ø Excellent attention to detail, organizational, and time-management skills.

Ø Strong communication and interpersonal skills for managing stakeholders.

Ability to work independently and as part of a team in a fast-paced environment

Key Performing Indicators ( KPI) -

Ø Accuracy and timeliness of invoice processing and payment/collection.

Reduction in outstanding payments or overdue invoices.

Ø Compliance with statutory regulations and internal controls.

Ø Effectiveness in resolving queries and maintaining vendor/customer satisfaction.

Timely submission of financial reports and reconciliations

Job Types: Full-time, Permanent

Benefits:

• Health insurance
• Provident Fund

Experience:

• total work: 5 years (Required)

Work Location: In person