Finance Executive

4 days ago

Jaipur Rajasthan, India Dr. B. Lal Clinical Laboratory Full time

**Role: Finance Executive**:
**Department: Finance Excellence**

**Reporting To: Head of Finance**

**Role Definition**:
The Finance Executive is responsible for managing day-to-day financial operations of the college, ensuring accurate record-keeping, compliance with statutory requirements, and supporting decision-making by providing timely financial data and reports. The role acts as a key support function to ensure smooth financial governance and accountability within the institution.

**Key Deliverables**:
Timely and accurate maintenance of accounts.

Monthly reconciliation statements.

Student fee collection and outstanding reports.

Payroll accuracy and compliance reports.

Audit-ready financial records and documents.

Budget monitoring and variance analysis reports.

**Key Responsibilities**:
**1. Financial Accounting & Record Keeping**:
Maintain accurate books of accounts in compliance with accounting standards.

Record daily transactions including fees, vendor payments, salaries, and petty cash.

Prepare monthly/quarterly financial statements and reports for management review.

Ensure timely reconciliation of bank accounts and ledgers.

**2. Fee & Student Accounting**:
Manage student fee collections (online and offline).

Track outstanding dues and coordinate with administration for timely recovery.

Maintain transparent records of scholarships, concessions, and refunds.

**3. Budgeting & Expense Control**:
Assist in preparing the annual budget in line with academic and operational plans.

Monitor expenses against allocated budgets and highlight variances.

Process vendor invoices, verify bills, and ensure timely payments.

**4. Compliance & Audit Support**:
Ensure compliance with statutory requirements (Income Tax, GST, PF, ESI, etc.).

Maintain documentation and records for audit purposes.

Coordinate with internal and external auditors during reviews.

**5. Reporting & MIS**:
Generate periodic financial reports (monthly, quarterly, annual) for management.

Provide data analysis and insights to support decision-making.

Maintain confidentiality and integrity of financial data.

**Qualifications & Skills Required**:
Bachelor’s degree in Commerce, Finance, or Accounting (MBA Finance preferred).

1-4 years of relevant experience in accounting/finance (experience in an educational institution will be an advantage).

Working knowledge of taxation, compliance, and financial reporting.

Strong knowledge of accounting principles and financial regulations.

Proficiency in MS Excel, Tally, or other accounting software.

Attention to detail and accuracy in record keeping.

Good communication and coordination skills.

Ability to manage deadlines and handle multiple tasks.

Ethical conduct and confidentiality in handling financial data.

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