Finance Executive

Job Description (JD) – Accounts/Finance Executive

Company: Velnik India Limited

Job Title: Accounts Executive

Department: Accounts \& Finance

Company: Velnik India Limited

Job Location: Indore(MP)

Experience: 2–5 Years

Qualification: B.Com / M.Com / MBA (Finance) or equivalent qualification

Software Knowledge: SAP (is a advantage), MS Excel\-Advance(Mandatory)

Job Summary

Velnik India Limited is looking for a detail\-oriented and experienced Accounts Executive with practical knowledge of SAP, banking reconciliation, reverse reconciliation, GST, TDS, and day\-to\-day accounting operations. The candidate should have hands\-on experience in accounting entries, bank reconciliation, vendor/customer account reconciliation, statutory compliance, and financial record maintenance in a manufacturing or FMCG company.

Key Responsibilities

SAP \& Accounting Operations

\- Perform day\-to\-day accounting activities and maintain accurate financial records in SAP.

\- Handle accounting entries, including journal vouchers, payment entries, receipt entries, contra entries, and adjustment entries.

\- Manage accounts payable (AP) and accounts receivable (AR) activities.

\- Process vendor invoices, purchase bills, debit notes, credit notes, and expense bills in SAP.

\- Perform General Ledger (GL) accounting, ledger scrutiny, and account reconciliation.

\- Verify purchase orders, goods receipt notes (GRN), invoices, and supporting documents before accounting.

\- Assist in month\-end and year\-end closing activities.

\- Generate accounting reports, ledger statements, trial balance, and other financial reports from SAP.

\- Ensure proper cost centre allocation, expense classification, and accounting documentation.

Banking \& Reconciliation

\- Perform regular bank reconciliation statements (BRS) and ensure accurate matching of bank book entries with bank statements.

\- Handle banking transactions, including NEFT, RTGS, IMPS, cheque payments, and online fund transfers.

\- Identify, investigate, and resolve unreconciled transactions, duplicate entries, and bank charges.

\- Perform reverse reconciliation and verify accounting entries against bank statements and supporting records.

\- Reconcile vendor accounts, customer accounts, advances, and inter\-account transactions.

\- Track outstanding payments, receipts, and unidentified bank transactions.

\- Coordinate with banks and internal departments to resolve discrepancies.

Vendor, Purchase \& Payment Management

\- Verify vendor invoices, purchase bills, expense claims, and supporting documents.

\- Prepare vendor payment proposals and maintain payment schedules.

\- Reconcile vendor ledgers and resolve discrepancies with suppliers.

\- Monitor outstanding payables, advances, and payment due dates.

\- Ensure proper documentation and approvals before processing payments.

\- Coordinate with the Purchase, Stores, Finance, and other departments for invoice discrepancies.

Required Skills \& Competencies

\- Hands\-on experience in SAP accounting modules and transaction processing.

\- Strong knowledge of banking reconciliation and reverse reconciliation.

\- Good command of MS Excel, including VLOOKUP/XLOOKUP, Pivot Tables, and reconciliation formulas.

\- Knowledge of accounts payable, accounts receivable, General Ledger, and journal entries.

\- Strong analytical skills and attention to detail.

\- Ability to meet deadlines and maintain accuracy in financial records.

\- Experience in a manufacturing or FMCG company will be a plus.

Preferred SAP Knowledge

The candidate should have practical experience in relevant SAP Finance and Controlling (FI/CO) processes, including:

\- General Ledger (GL) accounting.

\- Accounts Payable (vendor accounting).

\- Accounts Receivable (customer accounting).

\- Bank accounting and bank reconciliation.

\- Vendor invoice posting and payment processing.

\- Journal vouchers, debit/credit notes, and adjustment entries.

\- Ledger reports, trial balance, and financial statement reports.

\- Cost centre accounting and expense allocation, wherever applicable.

Pay: ₹18,000\.00 \- ₹35,000\.00 per month

Benefits

• Health insurance
• Leave encashment
• Life insurance
• Paid sick time

Work Location: In person