Senior Executive - Finance
- Lenskart
- 2 - 6 years
- Noida, Gurugram
- 1 month ago
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Job Description
Key Responsibilities:
- Month-End Closing:
- Lead the AP processes during the month-end closing to ensure timely and accurate financial reporting.
- Reconcile AP balances and ensure all relevant transactions, provisions, and accruals are accounted for correctly.
- Review and validate AP-related entries to ensure they are aligned with company policies and accounting standards.
- Prepare month-end AP reports and assist in the preparation of financial statements.
- Provision and Prepaid Expenses:
- Oversee the recognition of provisions and prepaid expenses in compliance with accounting policies.
- Ensure accurate allocation of prepaid expenses and necessary adjustments during month-end closing.
- Review and monitor the provisions to ensure they are correctly recognized in the relevant financial periods.
- Audit Support:
- Provide comprehensive support during internal and external audits, ensuring smooth audit processes.
- Prepare and provide all necessary documentation related to AP for auditors.
- Respond to audit inquiries and address any discrepancies related to AP records.
- Ensure compliance with all relevant accounting standards and tax regulations (e.g., VAT/GST).
- Expense Scrutiny and Reporting:
- Review employee expense reports, ensuring adherence to company policies and accuracy in submissions.
- Scrutinize expenses against budget forecasts, investigate discrepancies, and highlight areas for potential cost savings.
- Provide detailed expense reports and analysis to senior management and stakeholders.
- Process Improvement:
- Continuously identify opportunities to improve the efficiency and effectiveness of AP processes.
- Propose and implement process enhancements or automation tools to streamline AP functions.
- Drive the adoption of best practices within the AP team and across the finance department.
Qualifications & Skills:
- Bachelors/Masters degree in Accounting, Finance, or related field. A Semi qualified CA is preferred.
- Strong understanding of month-end closing, accruals, provisions, prepaid expenses, and financial reporting.
- Proven experience in handling audit support activities and dealing with auditors.
- Proficient in accounting software (e.g M-365 Dynamic or similar ERP systems).
- Strong analytical and problem-solving skills, with the ability to scrutinize expenses and detect discrepancies.
- Expertise in Excel for reporting, data analysis, and financial tracking.
- Excellent communication skills and the ability to interact with vendors, internal stakeholders, and audito
Job Classification
Industry: RetailFunctional Area / Department: Finance & AccountingRole Category: FinanceRole: Finance ExecutiveEmployement Type: Full timeContact Details:
Company: LenskartLocation(s): Noida, Gurugram+ View Contact
Keyskills: audit Reconciliation General Ledger AP Gl Accounting MIS
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₹ 6-7 Lacs P.A
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