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.

- Solid 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

📌 Finance Executive (Indore)
🏢 Velnik India
📍 Indore