Finance & Accounts Head

1 day ago

Bhubaneswar Orissa, India Seventh Avenue Eventz Pvt Ltd Full time ₹ 3,60,000 - ₹ 6,00,000 per year

Company Profile:

For the past 16 years, Seventh Avenue Eventz has been at the forefront of India's experiential event and marketing industry. We specialize in crafting strategic, creative, and technologically-driven experiences for clients across various sectors. Our approach combines local insights with global perspectives to curate bespoke events.

Our journey began in 2008 with a vision to build brands through engaging and memorable experiences, all while upholding our core values of professionalism, creativity, integrity, and innovation.

With diverse business divisions including Events, Activation, MICE, Digital, Advertising, and PR, we create impactful experiences that help brands stand out. Our expertise, dedication to service, innovative strategies, and creative excellence have enabled us to work with over 500+ organizations and execute events across eastern India and PAN India.

Key Responsibilities:

1. Financial Management & Reporting

  • Prepare monthly, quarterly, and annual financial reports, MIS, profit & loss statements, and cash flow statements.
  • Monitor event budgets, revenue projections, and cost optimization.
  • Ensure accuracy in accounting entries, reconciliations, and financial records.

2. Team Leadership & Monitoring

  • Lead and supervise the accounts team for daily operations, accounting entries, and financial processing.
  • Assign tasks, review performance, and ensure process compliance within the team.
  • Provide guidance and training to maintain updated knowledge of accounting standards and industrial practices.

3. Vendor & Client Financial Coordination

  • Review vendor quotations, event budgets, and release payments based on work completion and approval.
  • Monitor vendor payments, outstanding balances, and ensure negotiations and accuracy of billing.
  • Ensure timely client invoicing and follow up for payments to improve receivable cycles.

4. Audit & Compliance

  • Conducting event audit with coordination of client.
  • Ensure all audit documentation and supporting evidence are prepared and accurate.

5. Statutory & Regulatory Compliance

  • Ensure timely filing and compliance with GST, TDS, and other statutory requirements.
  • Maintain statutory registers and records as per applicable laws.
  • Monitor updates in taxation and compliance relevant to the event industry.

6. Event-Based Financial Oversight

  • Track financial aspects of ongoing events including budgeting, advances, vendor settlements, and reimbursement claims.
  • Ensure accurate billing and settlement post event completion.
  • Validate expense claims and ensure alignment with approved budgets.

7. Collections & Follow-Ups

  • Oversee client collections, outstanding receivables, and follow up for timely payments.
  • Maintain ageing reports and escalate long-pending receivables when necessary.

Job Type: Full-time

Pay: ₹30, ₹50,000.00 per month

Education:

  • Bachelor's (Preferred)

Experience:

  • Finance & Accounts: 10 years (Required)

Work Location: In person

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