Junior Finance Executive

Description

The Junior Finance Executive will also manage payroll processing including calculation of salaries, allowances, statutory deductions, and ensuring compliance with statutory requirements like income tax withholding and social security contributions. This role includes maintaining accurate payroll records and confidentiality of employee salary information. Additionally, responsibilities encompass preparing monthly bank reconciliations, organizing and maintaining both physical and digital financial documents, generating basic financial reports, and executing other finance-related administrative tasks as assigned by management. The ideal candidate should demonstrate strong organizational skills, attention to detail, and a solid understanding of accounting principles and payroll calculations. Although this position does not involve managing a team, strong communication and time management skills are important for success.

Responsibilities

• Record daily financial transactions such as purchases, payments, receipts, and ensure they are accurately entered into the accounting system.
• Maintain various accounting ledgers including the general ledger, cash book, petty cash, and subsidiary ledgers.
• Process and verify vendor invoices, prepare payment vouchers, and follow up on payment schedules.
• Assist with month-end and year-end financial closing processes, including preparation of accruals, prepayments, and journal entries.
• Prepare and process monthly payroll using attendance, leave, overtime, HR records, and salary sheets.
• Calculate employee salaries, allowances, bonuses, deductions, and manage final settlements with accuracy.
• Compute statutory deductions such as income tax withholdings and social security contributions, prepare challans, and ensure timely deposits to relevant authorities.
• Maintain confidentiality of payroll records and employee salary information at all times.
• Prepare monthly bank reconciliations for all company accounts to verify cash balances and transactions.
• Organize and maintain physical and electronic financial documents, including invoices, vouchers, payment receipts, contracts, and payroll files.
• Respond professionally and promptly to emails and inquiries from vendors, customers, employees, and banking institutions regarding finance and payment matters.
• Create basic financial and administrative reports such as expense summaries, payment schedules, and cash flow statements.
• Support management by performing additional finance and administrative duties as assigned.
• Ensure adherence to company policies, financial controls, and regulatory compliance in all assigned tasks.

Experience

1 Year

Apply By

Dec 4, 2026

Required Skills

• Accounts Payable and Receivable
• Invoice Processing
• Accounting Software Proficiency
• ERP Accounting Software (SAP, Oracle NetSuite, or QuickBooks)
• Bookkeeping
• Payroll Processing
• Bank Reconciliation
• MS Excel (VLOOKUP, HLOOKUP, Pivot Tables, Basic Formulas)
• Basic accounting principles

Nice to Have Skills

• Financial Reporting
• Communication Skills
• Document Management