Finance Executive

JOB POSTING – FINANCE EXECUTIVE

Shiv Shakti PressTech Private Limited (SSPPL)

Location: Rabale, Navi Mumbai  

Department: Finance & Accounts  

Job Title: Finance Executive – Profit & Loss Reporting

1. Job Purpose

To prepare and submit accurate, timely, and meaningful Profit & Loss (P&L) reports at daily, weekly, monthly, quarterly, and half-yearly intervals, enabling management to monitor the company's financial performance and take informed business decisions.

2. Key Responsibility Area (KRA)

Primary KRA: Profit & Loss Reporting and Analysis

The Finance Executive shall be responsible for the following:

1. Daily P&L Report: Prepare and submit a daily profitability report covering sales, material consumption, direct costs, other attributable expenses, and estimated profit or loss.

2. Weekly P&L Report: Consolidate daily financial data and submit a weekly P&L statement highlighting profitability trends and significant variations.

3. Monthly P&L Report: Prepare the monthly P&L statement, including revenue, material costs, employee costs, factory overheads, administrative expenses, finance costs, and net profit or loss.

4. Quarterly P&L Report: Prepare quarterly financial performance reports with a comparison against previous quarters and management-approved targets, wherever available.

5. Half-Yearly P&L Report: Prepare a consolidated six-month P&L statement highlighting revenue, expenditure, gross profit, operating profit, and net profit or loss.

6. Variance Analysis: Identify and highlight significant differences in sales, costs, expenses, and profitability compared with the previous period and budget, wherever available.

7. Management Reporting: Submit all reports within the prescribed deadlines in the format approved by management.

8. Data Accuracy: Verify the completeness and accuracy of financial data used in the P&L reports and coordinate with relevant departments to resolve discrepancies.

3. Reporting Frequency and Deliverables

Report Frequency Submission Deadline

Daily P&L Daily By 11:00 AM on the following working day

Weekly P&L Weekly First working day of the following week

Monthly P&L Monthly By the 5th working day of the following month

Quarterly P&L Quarterly Within 10 working days of quarter-end

Half-Yearly P&L Half-yearly Within 15 working days of half-year-end

Deadlines may be revised by management.

4. Candidate Profile

- Graduate in Commerce, Finance, or Accounting.

- Preference for candidates with M.Com, MBA Finance, or relevant professional qualifications.

- Minimum 2–5 years of relevant experience in finance, accounting, and MIS reporting.

- Strong knowledge of Profit & Loss statements, cost classification, and profitability analysis.

- Advanced Excel skills, including formulas, PivotTables, lookups, and financial reporting formats.

- Experience with ERP-based financial data extraction and reconciliation.

- Experience in manufacturing or engineering companies will be preferred.

5. Key Performance Indicators (KPIs)

The Finance Executive's performance will be measured on:

- 100% on-time submission of all scheduled P&L reports.

- Accuracy and completeness of reported financial figures.

- Timely identification and reporting of significant cost and profitability variances.

- Clear presentation of financial performance and profit/loss trends.

- Timely resolution of data discrepancies affecting P&L reporting.

6. Reporting Structure

Reports to: Managing Director / Director nominated by management.

7. Important Note

This is a specialised financial reporting role. The Finance Executive's primary responsibility is P&L preparation, reporting, and analysis across all five reporting frequencies. Other finance and accounting responsibilities will be assigned only if specifically approved by management.

Interested candidates may submit their updated CV along with details of relevant experience and current/expected CTC.