{"id":502057,"date":"2020-11-18T12:04:59","date_gmt":"2020-11-18T06:34:59","guid":{"rendered":"\/?p=502057"},"modified":"2023-03-02T10:35:23","modified_gmt":"2023-03-02T05:05:23","slug":"a-day-in-the-life-of-a-finance-executive","status":"publish","type":"post","link":"https:\/\/blog.springworks.in\/a-day-in-the-life-of-a-finance-executive\/","title":{"rendered":"Life at Springworks: A Day In the Life of a Finance Executive"},"content":{"rendered":"\n<p><em>Each day, everyone at Springworks comes into work with a true passion for building products and tools to simplify the lives of hiring and recruiting managers. We are artists, innovators, achievers, and dreamers, with a one-track mind to fine-tune the products that we build on the blockchain, achieving precision. We showcase our team members, their roles, and what a typical day looks like for them through this series of posts. You can check all the posts <\/em><a href=\"https:\/\/blog.springworks.in\/category\/springworks\/life-at-springworks\/\"><em>here<\/em><\/a><em>.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p>Sivananda Reddy joined SpringWorks in April 2016. He\u2019s been a part of the team since Springworks was a 20-employee operation. He has seen the company grow over the last four years.<\/p>\n\n\n\n<p>Siva has single-handedly managed payroll for <a href=\"https:\/\/www.springworks.in\/\">Springworks<\/a> for a long time. Only recently did two other team members join his team.<\/p>\n\n\n\n<p>If he wasn\u2019t working in finance, Siva says he would either be a Software Engineer or a farmer in his hometown in Andhra Pradesh. Interesting! Isn\u2019t it?<\/p>\n\n\n\n<p><strong>Let\u2019s take a peek into the life of Siva!<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/blog.springworks.in\/wp-content\/uploads\/2020\/11\/T087R2WAK-U7D192P0S-fda19c617f5e-512-1.jpg\" alt=\"Siva's image\" class=\"wp-image-502059\" width=\"256\" height=\"256\" srcset=\"https:\/\/blog.springworks.in\/wp-content\/uploads\/2020\/11\/T087R2WAK-U7D192P0S-fda19c617f5e-512-1.jpg 512w, https:\/\/blog.springworks.in\/wp-content\/uploads\/2020\/11\/T087R2WAK-U7D192P0S-fda19c617f5e-512-1-300x300.jpg 300w, https:\/\/blog.springworks.in\/wp-content\/uploads\/2020\/11\/T087R2WAK-U7D192P0S-fda19c617f5e-512-1-150x150.jpg 150w, https:\/\/blog.springworks.in\/wp-content\/uploads\/2020\/11\/T087R2WAK-U7D192P0S-fda19c617f5e-512-1-120x120.jpg 120w, https:\/\/blog.springworks.in\/wp-content\/uploads\/2020\/11\/T087R2WAK-U7D192P0S-fda19c617f5e-512-1-60x60.jpg 60w, https:\/\/blog.springworks.in\/wp-content\/uploads\/2020\/11\/T087R2WAK-U7D192P0S-fda19c617f5e-512-1-480x480.jpg 480w\" sizes=\"(max-width: 256px) 100vw, 256px\" \/><\/figure>\n<\/div>\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/blog.springworks.in\/a-day-in-the-life-of-a-finance-executive\/#What_does_your_job_entail\" >What does your job entail?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/blog.springworks.in\/a-day-in-the-life-of-a-finance-executive\/#Whats_your_favorite_part_of_your_work\" >What\u2019s your favorite part of your work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/blog.springworks.in\/a-day-in-the-life-of-a-finance-executive\/#What_are_the_challenges_you_face_being_a_Finance_Executive_and_how_do_you_go_about_solving_them\" >What are the challenges you face being a Finance Executive and how do you go about solving them?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/blog.springworks.in\/a-day-in-the-life-of-a-finance-executive\/#If_you_were_not_working_in_Finance_where_else_would_you_be\" >If you were not working in Finance, where else would you be?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/blog.springworks.in\/a-day-in-the-life-of-a-finance-executive\/#Walk_us_through_a_day_in_the_life_of_Sivananda\" >Walk us through a day in the life of Sivananda!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/blog.springworks.in\/a-day-in-the-life-of-a-finance-executive\/#What_is_the_Springworks_team_like\" >What is the Springworks team like?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/blog.springworks.in\/a-day-in-the-life-of-a-finance-executive\/#What_advice_would_you_give_to_other_Finance_Executives\" >What advice would you give to other Finance Executives?<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\" id=\"h-what-does-your-job-entail\"><span class=\"ez-toc-section\" id=\"What_does_your_job_entail\"><\/span><strong>What does your job entail?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>I handle payroll and taxation, usually keeping track of employee attendance, verifying records, calculating wages, taxes, and adjustments. I perform all wage-related tasks, including transferring salary to the employees on time.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-s-your-favorite-part-of-your-work\"><span class=\"ez-toc-section\" id=\"Whats_your_favorite_part_of_your_work\"><\/span><strong>What\u2019s your favorite part of your work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Other than just doing finance-focused tasks, I am involved in drafting offer letters and sending them to candidates. I also help employees with IT support by raising tickets for their complaints.<\/p>\n\n\n\n<p>I am confident working with numbers, and this job helps me stay organized, logical, and reliable. It also fits well with my temperament.&nbsp;<\/p>\n\n\n\n<p>And when your profession matches your personality, the result is greater career satisfaction. \ud83d\ude42<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-are-the-challenges-you-face-being-a-finance-executive-and-how-do-you-go-about-solving-them\"><span class=\"ez-toc-section\" id=\"What_are_the_challenges_you_face_being_a_Finance_Executive_and_how_do_you_go_about_solving_them\"><\/span><strong>What are the challenges you face being a Finance Executive and how do you go about solving them?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>To solve freshers\u2019 query is generally a bigger challenge because they are partially aware of the components of their salary structure, so it takes longer to explain things to them. To overcome this challenge, we have switched to an automated Payroll system that employees can leverage anytime to see their salary breakup, taxation details, etc.<\/p>\n\n\n\n<p>Also, Springworks was incorporated in Jul 2017, around the time when GST came into effect. It was challenging for us to understand a whole new process from scratch &#8211; GST registration and filing.<\/p>\n\n\n\n<p>The other challenging part is keeping track of the GST council meeting that happens every month to modify, reconcile, or procure any law or regulation based on the context of goods and services tax in India.<\/p>\n\n\n\n<p>Since the income-tax regimes also change every year, it is pertinent to keep track of every small aspect of it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-if-you-were-not-working-in-finance-where-else-would-you-be\"><span class=\"ez-toc-section\" id=\"If_you_were_not_working_in_Finance_where_else_would_you_be\"><\/span><strong>If you were not working in Finance, where else would you be?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Great question! I\u2019ve given it a thought before. If I wasn\u2019t doing a job as a Finance Executive or pursuing CA, I would probably study coding or work as a farmer in Andhra Pradesh with my family. I\u2019ve been raised on a farm and farming and raising animals has been in my blood.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-walk-us-through-a-day-in-the-life-of-sivananda\"><span class=\"ez-toc-section\" id=\"Walk_us_through_a_day_in_the_life_of_Sivananda\"><\/span><strong>Walk us through a day in the life of Sivananda!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Get up at 7 am<\/li><li>Have Breakfast<\/li><li>Go to the Gym &#8211; 1.5 hours.<\/li><li>Start working from 10.30 am.<\/li><li>Have lunch at 1 pm.<\/li><li>Watch web-series during breaks.<\/li><li>Work till 8 pm.<\/li><li>Have dinner.<\/li><li>Work on my personal website (I\u2019ve recently purchased a domain).<\/li><li>Study for my CA exams.<\/li><li>Head to sleep.<br><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-the-springworks-team-like\"><span class=\"ez-toc-section\" id=\"What_is_the_Springworks_team_like\"><\/span><strong>What is the Springworks team like?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>People here are quite approachable and ready to help with all the queries you have. Also, to <a href=\"https:\/\/blog.springworks.in\/work-life-balance\/\">make WFH a comfortable experience<\/a>, the company provided reimbursement for WFH Setup. The company&#8217;s culture of recognition and team spirit keeps things lively and motivated.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-advice-would-you-give-to-other-finance-executives\"><span class=\"ez-toc-section\" id=\"What_advice_would_you_give_to_other_Finance_Executives\"><\/span><strong>What advice would you give to other Finance Executives?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Don\u2019t restrict yourself to only a few tasks but explore other aspects of your work as well. I like to get involved in other responsibilities as well.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><a href=\"https:\/\/springrole.springrecruit.com\/\" target=\"_blank\" rel=\"noopener\"><em>Want to join the team? Check out open roles at Springworks.<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Each day, everyone at Springworks comes into work with a true passion for building products and tools to simplify the lives of hiring and recruiting managers. We are artists, innovators, achievers, and dreamers, with a one-track mind to fine-tune the products that we build on the blockchain, achieving precision. We showcase our team members, their<\/p>\n","protected":false},"author":1012,"featured_media":502058,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[302],"tags":[],"class_list":["post-502057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-life-at-springworks","disable-dropcap","disable-2-columns"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Life at Springworks: A Day In the Life of a Finance Executive - Springworks Blog<\/title>\n<meta name=\"description\" content=\"In this article, we&#039;re going to take you on a journey through a day in the life of a finance executive at Springworks. 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