Finance Associate Jobs

Banking managers perform some or all of the following duties:Plan, organize, direct, control and evaluate the branch operations of a bank, trust company, credit union or similar financial institution or of a department in such an institution responsible for administering personal and commercial loans, buying and selling securities, operating investment funds, administering trusts, settling estates or other related activitiesEnsure the institution's policies and procedures are followed according to established guidelines and make recommendations for improvementNetwork to develop business relations, promote the sale of loan, investment and other banking services and attract corporate and individual customersInterview corporate and individual customers and respond to customer enquiriesAnalyze, review and approve or reject loan and credit applications in accordance with authorized limitsMonitor processing of loan applications and credit investigationsOversee preparation of monthly financial and branch progress reportsRecruit personnel and identify their training needs.Credit managers perform some or all of the following duties:Plan, organize, direct, control and evaluate the activities of a credit department in an industrial or commercial organization

The Finance Associate will be responsible for supporting various financial operations, ensuring accuracy and compliance with accounting standards and internal policies. This role involves assisting with financial reporting, data analysis, budgeting, forecasting, and maintaining accurate financial records to contribute to the company's financial health and strategic decision-making.Key Responsibilities:Financial Reporting & Analysis:Assist in the preparation of accurate and timely financial reports, statements (e.g., income statements, balance sheets, cash flow statements), and analyses for management and stakeholders.Conduct variance analysis to compare actual performance against budgeted figures and identify trends or discrepancies.Support the finance team in collecting, analyzing, and summarizing financial data to provide insightful recommendations.Help prepare and present detailed financial reports to stakeholders, ensuring clarity and transparency.Budgeting & Forecasting:Support the annual budgeting and quarterly forecasting processes by gathering, analyzing, and consolidating financial data from various departments.Assist in monitoring performance against financial targets and identifying areas for improvement or adjustment.Day-to-Day Financial Operations:Manage and process accounts payable and accounts receivable, including invoicing, payment reconciliations, and expense reports.Perform bank reconciliations and monitor financial transactions to ensure accuracy.Maintain accurate financial records and documentation in compliance with regulatory requirements.Assist with month-end and year-end closing processes, including journal entries and account reconciliations.Audit & Compliance:Collaborate with team members on internal and external auditing processes and compliance checks.Ensure adherence to financial policies, procedures, and relevant accounting standards (e.g., GAAP, IFRS).Help maintain strong internal controls over financial processes.Process Improvement:Participate in initiatives to streamline financial processes, improve operational efficiencies, and enhance financial reporting tools and dashboards.Identify opportunities for cost optimization and revenue enhancement.Ad-hoc Support:Provide support for special financial projects and initiatives as required by the finance team or senior management.Respond to internal and external financial queries in a professional and timely manner.

- Prepare detailed financial reports for project stakeholders, including monthly, quarterly, and annual financial performance summaries.- Assist in the creation and management of project-specific budgets, ensuring financial alignment with project timelines and resources.- Track project spending and ensure costs are managed within the allocated budget, proactively identifying cost overruns and recommending corrective actions.- Monitor and forecast cash flow for multiple construction projects, ensuring that funds are available to meet project needs while maintaining sufficient working capital.- Oversee the timely processing of invoices and payments to vendors, subcontractors, and other third-party providers.- Conduct monthly variance analysis by comparing actual project costs to budgeted amounts and provide detailed explanations for discrepancies.- Assist in reviewing contracts, including payment terms and financial conditions, to ensure they align with project budgets and financial objectives.- Identify and assess potential financial risks and assist in developing mitigation strategies, including insurance, contingency funds, and cash flow management.- Support internal and external audits by ensuring all financial records and documentation are accurate and in compliance with company policies, accounting standards, and regulations.- Assist project managers in forecasting future financial needs, considering upcoming expenses, resource allocation, and changes in project scope.- Maintain and update project financial data in ERP or accounting software, ensuring real-time accuracy and reporting.- Assist in tax filings related to construction projects, including VAT/GST, withholding taxes, and other applicable duties, ensuring compliance with local tax laws and construction regulations.- Communicate regularly with project managers, engineers, and senior management to discuss financial matters, project costs, and potential risks.

1. Good knowledge of Accounts.2. Tally (2-3 years & Working currently andactively in it)3. MS Excel (Intermediate to advanced)4. Banking Knowledge (Net Banking, Chequewithdrwals and deposits & FDR Creation)5. Online Payments (Fastag, Slack subscriptionbills, etc.)6. Must be Efficient and Active.