Job Purpose

The Finance Executive will support the day-to-day finance operations of Project Alo, a comprehensive business model designed to provide accessible healthcare and related services to bottom-of-the-pyramid clientele, including Grameen Bank members, non-Grameen Bank clients, SSK beneficiaries, and Shukhee Bondhu clients.

The incumbent will be responsible for ensuring the timely processing of payments, channel partner commission disbursements, maintaining financial records, performing reconciliations, and providing operational finance support to facilitate the efficient execution of Project Alo's activities.

Key Responsibilities

1. Payment Processing and Disbursement

Process vendor, supplier, service provider, and other party payments accurately and within approved timelines.
Verify invoices, bills, contracts, and supporting documents prior to payment processing.
Ensure all payments comply with approved authorization limits and internal control requirements.
Maintain payment schedules and monitor outstanding obligations to ensure timely settlement.
Coordinate with banks and internal stakeholders to facilitate smooth execution of payments and resolve payment-related issues.

2. Channel Partner Commission Management

Process commissions payable to channel partners, field agents, and other eligible business partners.
Verify commission claims against approved schemes, sales reports, and supporting documentation.
Prepare commission statements and obtain necessary approvals prior to disbursement.
Maintain complete records of commission calculations and payments.
Address commission-related queries and reconcile outstanding commission balances.

3. Finance Operations Support

Support the day-to-day finance and accounting activities of Project Alo.
Record and maintain financial transactions in the accounting system.
Prepare journal vouchers and maintain proper supporting documentation.
Assist in accounts payable and accounts receivable functions.
Ensure systematic filing and safekeeping of finance-related documents and records.
Support cash and bank transaction management as required.

4. Reconciliation and Reporting

Perform regular bank reconciliations and follow up on outstanding reconciling items.
Reconcile partner settlements, commission payments, customer collections, and other operational transactions.
Assist in preparing periodic financial reports and operational MIS.
Provide data and analysis required for management reporting and decision-making.
Support month-end and year-end closing activities.

5. Budget Monitoring and Expense Control

Monitor operational expenditures against approved budgets.
Track project expenses and highlight unusual variances or exceptions.
Maintain expenditure records and support budget utilization reporting.
Assist the finance team in preparing expense analyses and forecasts.

6. Compliance and Internal Controls

Ensure compliance with organizational policies, financial procedures, and delegated authority limits.
Verify the completeness and accuracy of supporting documents for all transactions.
Maintain audit-ready records and documentation.
Support internal and external audits by providing relevant schedules, documents, and explanations.
Ensure adherence to applicable statutory, tax, and regulatory requirements.

7. Stakeholder Coordination

Liaise with operations, sales, procurement, and channel partners to facilitate efficient financial processes.
Coordinate with field teams to resolve documentation and payment-related issues.
Provide finance support to Project Alo teams to ensure uninterrupted business operations.

8. Process Improvement and Other Responsibilities

Identify opportunities to improve efficiency and strengthen controls within finance processes.
Support initiatives relating to automation of payment processing and reporting.
Participate in special assignments and cross-functional projects as assigned by management.
Perform any other duties commensurate with the responsibilities of the position as assigned by the supervisor.

Educational Qualifications

Candidates with CA Course Completion (CA-CC) from a recognized Chartered Accountancy firm will be given preference.

Experience Requirements

Minimum 2 years of relevant professional experience in finance, accounts, payment operations, or related functions.
Candidates with CA Course Completion (CA-CC) of article ship are encouraged to apply, and experience gained during and after article ship will be considered relevant.
Experience in healthcare/ healthtech, microfinance, startup environments, FMCG distribution, or channel partner-driven business models will be preferred.
Experience in managing high-volume payment processing, reconciliations, and commission disbursement will be an added advantage.

Required Competencies:

Technical Competencies

Sound knowledge of accounting principles and finance operations.
Hands-on experience in payment processing and reconciliations.
Proficiency in Microsoft Excel and other MS Office applications.
Familiarity with accounting software and ERP systems.
Strong numerical and analytical skills.
Ability to prepare accurate reports and maintain financial records.

Behavioral Competencies

High integrity and attention to detail.
Strong organizational and time management skills.
Ability to work under pressure and manage multiple priorities.
Effective communication and interpersonal skills.
Problem-solving mindset with a proactive approach.
Team-oriented attitude and commitment to service excellence.

Key Performance Indicators (KPIs)

Timeliness and accuracy of vendor and party payments.
Timely and error-free channel partner commission disbursement.
Accuracy and completion of reconciliations.
Compliance with internal controls and documentation standards.
Timely completion of month-end reporting requirements.
Number of audit observations relating to finance operations.
Adherence to agreed turnaround times (TAT) for finance transactions.
Stakeholder satisfaction with finance support services.

Reporting To: CFO

Department: Finance

Project: Project Alo

About Project Alo

Project Alo is an inclusive healthcare business initiative designed to improve access to affordable and quality healthcare services for underserved communities. The project serves Grameen Bank borrowers, non-Grameen clients, SSK beneficiaries, and clients onboarded under Shukhee Bondhu through an integrated and sustainable service delivery model aimed at creating meaningful social impact while maintaining operational excellence.