Junior Executive - FA

The Junior Executive- Finance Assurance is responsible for data extraction, updating, and preparation for Balance Sheet GL review and reconciliation. It involves maintaining accuracy and compliance in financial operations within a Shared Service Centre environment.

Responsibilities

Key Performance Indicators (KPIs)

Accounting & Financials

• Maintain timely and accurate reconciliation & updation of accounts monthly/Quarterly in the respective formats.
• Extraction and preparation of monthly financial reports such as GRIR, GL clearing, travel advances, zero-line items, and vendor balances.
• Compilation and review of quarterly/monthly financial activities within set timelines.

• Timeliness & Accuracy of Financial Closures
• Efficiency in Financial Reconciliations

Reconciliations & Review

• Preparation and reconciliation of asset balances, cash deposit (CD - Insurance), and vendor PO details.
• Identification and resolution of discrepancies in bank reconciliations (BRS), employee advances/loans, deposits paid/received, prepaid expenses, and provisions.
• Review and reconciliation of statutory payments, including TDS, PF, PT, ESI, GST returns, and TDS receivables/refunds.
• Conduct regular GL reviews to identify and resolve discrepancies.
• Perform reconciliation tracking and status reporting.

• Average TAT for discrepancy resolution and number of unresolved discrepancies beyond SLA

Data Management & Automation

• Extract and maintain data for open and closed line items using Power Pivot and Power Query on a monthly/fortnightly basis.
• Execute Macros A & B to automate folder creation, file name updates, and period changes in GL reconciliation sheets.
• Retrieve financial data from SAP, including trial balance, vendor and customer records, GL line items, asset registers, and inventory registers.
• Develop pivot reports for vendor and customer ageing, classification, and reconciliation.

• Data Accuracy & Timeliness

Operational Support & Coordination

• Participating in daily meetings with internal teams and maintaining minutes of meetings.
• Assisting superiors with ad-hoc assignments and financial assurance tasks.
• Maintaining compliance with internal controls, documentation standards, and audit requirements.

• Task Execution Efficiency

• NA

• SSC cross functional and business teams

• NA

• Approx. 50 entities managed

• Bachelor’s degree in commerce
• CA /CMA Inter (at least one group completed) or MBA

• 0 to 2 years of experience in finance and accounts department (1 to 3 Years for Jr Executive)