Finance Executive

Job Description (JD) Finance Executive

Company: Velnik India Limited
Department: Finance & Accounts
Designation: Finance Executive
Location: Indore / Head Office (as applicable)

Job Summary

Velnik India Limited is looking for a detail-oriented Finance Executive with good knowledge of SAP, banking liaisoning, stock statement preparation, fund management, and banking operations. The candidate will be responsible for coordinating with banks, managing fund requirements, preparing financial statements related to stock and working capital, and ensuring smooth day-to-day financial operations.

Key Responsibilities

1. SAP Operations

• Handle day-to-day finance and banking-related transactions in SAP.
• Maintain financial records, verify entries, and ensure accurate data management.
• Generate financial reports and assist in account reconciliation and reporting.

2. Banking Liaisoning

• Coordinate with banks for routine banking operations, documentation, and financial requirements.
• Liaise with bank officials regarding working capital facilities, cash credit (CC), overdraft (OD), and other banking matters.
• Follow up on banking documentation, approvals, renewals, and compliance requirements.

3. Stock Statement & Reporting

• Prepare and submit monthly stock statements to banks within prescribed timelines.
• Coordinate with Stores, Inventory, and Accounts departments to verify stock data.
• Assist in the preparation of book debt statements, receivables statements, and other working capital reports, as required by banks.

4. Fund Management

• Monitor daily fund positions, cash flow, and bank balances.
• Plan and coordinate fund requirements to ensure timely payments and smooth business operations.
• Track cash inflows and outflows, payment schedules, and fund utilization.
• Assist in cash flow forecasting and working capital management.

5. Banking Operations & Reconciliation

• Handle bank-related documentation, statements, and transaction follow-ups.
• Monitor bank transactions and coordinate for timely resolution of discrepancies.
• Assist in bank reconciliation and maintain proper records of banking activities.
• Coordinate with internal departments for payment processing and banking requirements.

6. Documentation & Compliance

• Maintain proper records of bank correspondence, loan documents, stock statements, and financial reports.
• Ensure timely submission of financial information and documents required by banks.
• Support internal and statutory audits related to banking and finance activities.

Required Qualifications & Skills

• Education: B.Com / M.Com / MBA (Finance) or equivalent qualification.
• Experience: 2–5 years of relevant experience in Finance, Banking Operations, or Accounts.
• SAP Knowledge: Practical working knowledge of SAP in finance-related operations is mandatory.
• Good understanding of banking liaisoning, stock statements, fund management, and working capital facilities.
• Knowledge of bank reconciliation, cash flow monitoring, and financial documentation.
• Strong Excel skills and proficiency in financial reporting.
• Good communication, coordination, and follow-up skills.

Preferred Candidate Profile

• Candidates with experience in a manufacturing company will be preferred.
• Prior experience coordinating with banks for CC/OD limits, stock statements, and working capital facilities will be an advantage.
• Ability to manage multiple banking activities and meet reporting deadlines.

Interested candidates with relevant experience in SAP, banking operations, stock statement preparation, and fund management are encouraged to apply.