We, Claranet are hiring Senior Finance Executive, work from Office role (Hyderabad)
Qualification (MBA/M.com/CA Inter)
Experience: 5 to 8 years
Job Responsibilities:
AP:
- Processing of invoices after the concerned department/business head's approval.
- Seek for approval and process payments based on the respective accruals received
Process financial transactions with suppliers and query invoice items from internal and external business finance officers.
- Running aging for vendors
- Post respective journals in F&O
IC:
- Assist in issuing monthly recharges to Claranet countries (upon guidance from the Finance Manager), book the respective journals in F&O
- Follow up with all countries and track recording of the Ico invoices
- Track the payments of the Ico invoices with countries and post the respective journals in F&O to match payments against invoices booked.
- Assist in the preparation of the recharge file from India to the Group;
- Respond to ad hoc requests related to the Ico from group finance
- Reconcile intercompany account balances and proactively resolve intercompany imbalances to achieve the company's thresholds at month's end, utilizing the consolidation reports issued by Group Reporting from Dynamics 365 Finance and Operations.
- Perform Ico reconciliation with countries every month
Bank:
- Completes the reconciliation of the group bank accounts (EURO, GBP, USD) in a timely on a weekly basis for a daily status of cash (Daily cash movement reported every week)
- Processes BACS payments, ensuring correct allocation of funds and accurate recording in the underwriting and accounting systems.
- Posts bank receipts on time and refunds overpayments.
- Re-issue of payments in case of delay in authorization in Bankline or return of funds.
- Completes office bank reconciliations, posts all GL entries, and keeps records up to date for management review.
Treasury :
- Manages cash flow effectively, ensuring adequate liquidity for day-to-day operations and working capital requirements; clearly tracks AP aging, payments, and fund needs based on supplier payment terms.
- Coordinates the budgeting process, including preparing quarterly budgets and periodic forecasting.
- Monitors actual financial performance against budgeted figures and provides explanations for variances.
- Assists with providing regular reporting for management to assess the company's cash and debtor position and identify potential issues.
- Loan agreement preparation
Other:
- Experience of 7 to 10 years
- Excellent Communication
- Experience working with foreign colleagues
- F&O testing for group on need basis.
- Monitoring Group finance mailbox
- Compensation as per Market Standard