Finance Executive

**FINANCE OPERATIONS EXECUTIVE**

**About Lakshya**:
Lakshya takes pride in the fact that we are not just educators but are career advisors to our students and are actively involved in our student’s strategic decision making processes. We are committed to providing every possible advantage to our students so that they are able to meet their ambitions. We understand the importance and value of time and money; which is precisely why we make sure that we have the best tutors in the industry and provide access to our unique modules system. Along with this aspirants have a proper method of tracking their Progress.

**About the Role**:
Responsible for a business's money transactions, including income and expenses, a finance executive makes sure that their organization is profitable. They manage cash-flow statements, budgeting and tax planning. They also determine ways for the company to cut costs to maximize profits.

**Responsibilities**:

- Process Fee collection transactions
- Calculate the fee installment payable by the student and inform the parent regarding the total fee and the bifurcation
- Accept payments from the customer in the form of cash, credit or debit card, cheque or other

forms of payment
- Calculate and return cash change when required by the payment method
- Maintain adequate change denominations in the cash drawer
- Answer customers by answering questions if they know the answers regarding fee installments, next date of which fee is to be made and in case if cannot resolve this issue delegate it to next level
- Reconcile cash collection and fee receipts
- Report issues with equipment if any
- Coordinate on a daily basis with the Cashier allotted to them and verify if they have completed the daily task.

Cross verify the MIS Report with Total fee collection with cash deposited in bank, receipt and cash balance

If any discrepancy found ask the reason from subordinate and inform the reporting officer
- Process Payments for day-to-day transactions
- Calculate the amount paid to employee for purchase of material and check the change received along with bill

verification.
- Check whether the bill received is a GST bill or not and whether our GST number is mentioned in the invoice.,Document GST Invoice and NON-GST Bills in separate file date wise.
- No payment should be released without proper approval from the concerned person.
- Maintain Petty cash and when cash limit is below the petty cash level request for cash
- Deposit the daily fee collection in bank account
- Proper maintenance of Petty Cash Book
- Daily Reconcile the all the bank accounts with tally
- Reconcile the inter branch accounts
- Computation of GST payable on monthly basis.
- TDS reconciliation on monthly basis
- Weekly Faculty Fee Calculation based on the details provided from the finance department
- Daily recording transaction entries in tally
- Cross verify the MIS Report with cash payment made with petty cash book and cash balance
- If any discrepancy found ask the reason from subordinate and inform the reporting officer

**Knowledge/Skills & Abilities required**:

- Training and education.
- Interpersonal skills.
- Ability to communicate.
- Aptitude for financial reporting.
- Analytical know-how.
- Problem-solving skills.
- Technology expertise.
- Management experience

**Salary**: From ₹22,000.00 per month

Schedule:

- Day shift

Supplemental pay types:

- Yearly bonus

Ability to commute/relocate:

- Banglore, Karnataka: Reliably commute or planning to relocate before starting work (required)

**Experience**:

- total work: 1 year (preferred)

**Speak with the employer**
+91 9747944440