Account & Finance Executive

Location:

1. Position Summary

We are seeking a highly meticulous and experienced Account & Finance Executive to manage the complete accounting and financial operations for our jewellery business. The ideal candidate will have deep knowledge of the specific accounting principles and inventory management challenges inherent to the high-value diamond and gold industry. This role requires dedication, accuracy, and the ability to work long hours in a demanding environment.

2. Key Responsibilities

Financial Accounting & Reporting

• Manage daily financial transactions, including ledger entries, journal vouchers, and bank reconciliation.
• Oversee Accounts Payable (AP) and Accounts Receivable (AR), ensuring timely collections and payments, particularly managing credit cycles common in the jewellery trade.
• Prepare and finalize monthly, quarterly, and annual financial statements in compliance with regulatory standards (e.g., AS/Ind AS).
• Handle all aspects of GST compliance, filing, and reconciliation, including understanding GST implications on B2B and B2C sales of finished jewellery and raw materials.

Inventory & Material Management (Crucial for Jewellery)

• Maintain accurate records of precious metals (Gold, Silver, Platinum) and stones (Diamonds, Gems) inventory.

  This includes tracking weight, purity, carat, and value at various stages of production (raw, semi-finished, finished goods).
• Reconcile physical inventory counts with system records frequently, addressing variances promptly.
• Manage and account for job work/manufacturing processes (e.g., metal issued for casting, finished product received back).
• Calculate the

  Cost of Goods Sold (COGS)

  specifically for individual jewellery pieces, factoring in material cost, making charges, wastage, and overheads.

Taxation & Compliance

• Ensure timely payment and filing of TDS, GST, and Income Tax returns.
• Assist in internal, statutory, and tax audits by preparing required documentation and providing clarification to auditors.
• Maintain comprehensive fixed asset register, especially for high-value equipment like lasers and refining machines.

Administrative & Other Duties

• Manage payroll processing, including statutory deductions (PF, ESI, professional tax) for a 6-day work week schedule.
• Maintain strict confidentiality and security of all financial and proprietary information.
• Support management with financial analysis and data for business decision-making.

3. Work Schedule & Compensation

• Work Days:

  6 days a week (Monday to Saturday).

• Shift Timings:

  9:00 AM to 8:00 PM (11-hour shift with breaks).

• Salary:

  Best in Industry (Commensurate with experience and expertise in the jewellery sector).