Finance Executive

Executive – Finance Department

Department: Finance & Accounts

Reports To: Finance Manager

Location: Faridabad

Experience Required: 2–4 years in Finance/Accounts

Company Description

Newtech Medical Devices Pvt. Ltd., a rapidly growing company, is dedicated to alleviating pain and improving lives through the manufacturing and distribution of high-quality vascular access devices and medical accessories. With a mission to restore health and expand life with dignity through innovation, research, and development, Newtech is committed to delivering exceptional products for cardiology, nephrology, and general surgical disposables. The company's foundation is built on the trust and satisfaction of its national and international clients, alongside a strong focus on employee empowerment and growth. Newtech is devoted to maintaining its core values of quality, innovation, and timely delivery to ensure a healthier tomorrow.

Role Purpose

The Finance Executive is responsible for managing day-to-day financial operations, including bank reconciliation, accounts receivable/payable oversight, petty cash handling, statutory payments, and financial reporting. The role ensures accuracy, compliance, and timely updating of records to support smooth financial functioning of the company.

KRA

A. Banking Operations

• Update bank statements on daily and weekly basis.
• Clear suspense entries from the bank ledger weekly.
• Deposit cheques daily and maintain cheque register.
• Coordinate with banks regarding statements, balance confirmations, and queries.

B. Accounts Updation & Bookkeeping

• Daily Tally entries and day book checking.
• Ensure timely updating of sales reports.
• Approve sales orders on PRX as per SOP.
• Maintain proper filing and documentation for all finance records.

C. Accounts Receivable (AR) & Outstanding Follow-up

• Track outstanding dues and follow up with sales team & customers.
• Maintain records of post-dated and security cheques in registers/excel.
• Share collection and outstanding reports with sales team & management.
• Conduct quarterly balance confirmation with debtors.

D. Accounts Payable (AP)

• Process payments (online/offline) for:
• Purchase bills
• Statutory challans (TDS, GST, TCS, ESIC, EPFO, LWF)
• Advance income tax
• Quarterly balance confirmation with creditors.
• Verify payment vouchers: purchase, promotional, employee expenses, etc.

E. Reporting

Prepare and share:

• Daily
  :
• Collection report (sales team & management)
• Payment report (management)
• Weekly
  :
• Outstanding report with PDC & security cheque details
• Fortnightly
  :
• PDC and security cheque report (sales team & management)

F. Petty Cash Handling

• Issue petty cash based on approved requests.
• Maintain petty cash vouchers and register.
• Ensure timely closing and reconciliation of petty cash.

G. Employee Remuneration Support

• Prepare disbursements for:
• Salaries
• PLI cheques
• Incentive cheques

H. Statutory & Compliance Support

• Prepare and process monthly statutory payments (TDS/GST/ESIC/EPFO etc.).
• Maintain all relevant financial documents and compliance files.
• Purchase monthly and quarterly stamp papers for company use.

Skill & Competencies

• Strong knowledge of Tally Prime ERP
• Understanding of basic accounting principles
• Accuracy in data and record management
• Good analytical and reporting skills
• Proficiency in MS Excel (must)
• Strong follow-up and time management
• Knowledge of statutory payments (TDS, GST, ESIC, PF)
• Integrity and confidentiality in handling financial data

Qualifications

• B.Com / M.Com / MBA in Finance
• 2–4 years of finance and accounting experience