Role of Accounts and Finance Executives

Accounts and Finance Executive Jobs are the stepping stones in the industry for fresher who have completed Bachelor’s in the field of Economics, Accounting, Business Administration or Finance. The role of an Accounts and Finance Executive is multi-pronged and it is the place where a lot of learning on the job happens. The job duties of Accounting Executives include:-

• Using accounting software like Tally or MS-Excel to prepare reports.
• Preparing a draft of reports concerning key issues the management need to review.
• Verifying that all accounting related departments follow company protocol.
• Take note of different regulatory requirements to be performed by the company or the firm.

The job duties of Finance Executives may also include:-

• Managing income, expenses, investments and other transactions.
• Helping with budgeting and tax planning and suggesting ways to improve profits.
• Examining economic trends and stay up to date with the happenings in their field.      

Educational requirements for Accounting and Finance Executives:-

Most employers require a Bachelor degree in fields such as Economics, Accounting, Business Administration or Finance while some employers require only a high school diploma and offer onsite training. These diplomas include certification courses such as from Graphic Design Centres, Diploma from ITIs or Polytechnic Colleges, CA intermediate, etc. These jobs are more of hands on jobs. In school or college, a student just learns the basics. All the learning of a career happens on the job. The employee should be open minded and eager to grab opportunities and should not miss the avenues where he can learn on the job. Also learning never stops on this job. The law and regulatory requirements keeps on changing which necessitates continuous learning for the employees.

Jobs in Chennai:-

Chennai, the capital of Tamil Nadu is often famously called the Detroit of India due to the presence of major automotive companies like Hyundai Motor Company Ltd., Ford India Ltd., Nissan and Renault having their plants and manufacturing concerns of their suppliers in Chennai. The main industries in Chennai include Automobile, Software Services, Medical Tourism, Hardware Manufacturing and Financial Services. Other important industries include Petrochemical, Apparel and Textiles. All these industries and businesses need one common type of employees- Accounts and Finance Executives. Job openings exist in the manufacturing concerns located in areas such as industrial zones of Sholingallanur, Siruseri, Orgadam and Sriperumbudur alongside within the Chennai metropolitan area. Chennai also has software parks such a Tidel Park along with two more software parks on the anvil, which are major providers for Accounts and Finance Jobs.

Chennai has been christened as the Banking capital of India as it has the second most number of headquarters of banks located here. Prominent financial institutions including the World Bank, Standard Charter Bank, ABN AMRO, Bank of America, The Royal Bank of Scotland, etc. have operations here in Chennai. These institutions along with the Nationalised Banks, Co-operative Banks, Commercial Banks, and Regional Rural Banks and NBFCs provide a number of job opportunities to the bright Accounts and Finance Executives.

Future job prospects of Accounts and Finance Executives:-

Keeping in view the ongoing pandemic situation all over the world, the economy as a whole is bound to suffer. However, the economy of Chennai and India as a whole is resilient and is based on a large population which provides the source of huge demand and consumption of goods. In that sense, in the medium term of six to nine months, Indian economy is expected to bounce back fully. Further, Accounts and Finance Executives jobs are slightly resilient to recession. There is no chance of these jobs becoming irrelevant.

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Jobs Mama Joined: January 11th, 2020