Accounts Manager/Senior Accountant

Job Description-

Job Title: Senior Accountant

Job Summary:

We are seeking a detail-oriented Accounts Manager to oversee financial transactions, reporting, and

operations. The ideal candidate will have strong accounting knowledge, analytical skills, and the ability to

work well in a team.

Key Responsibilities:

1. Financial Management:

* Manage day-to-day financial activities, including accounts payable, accounts receivable and

general ledger entries.

* Monitor cash flow, liquidity and financial performance metrics to ensure optimal financial

health.

* Conduct regular reviews of financial data to identify trends, anomalies and areas for

improvement.

2. Auditing and compliance:

* Conduct internal audits to ensure adherence to accounting principles, policies and regulatory

standards.

* Collaborate with external auditors to facilitate annual audits and address any audit findings.

* Stay updated on changes in accounting regulations and ensure compliance with industry

standards.

3. Financial Analysis and Reporting:

* Analyze financial data to provide insights and recommendations for improving operational

efficiency and profitability.

* Prepare comprehensive financial reports and presentations for senior management and

stakeholders.

* Develop and implement financial models to support strategic decision-making and long-term

planning.

 5. Tax Deduction at Source Task

Review TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) on all non-salary

payments to ensure compliance with tax regulations.

Regularly check compliance on the Income Tax portal to ensure accurate and up-to-date

reporting of deductions and collections.

Prepare the monthly TDS/TCS deposit challan and ensure timely submission to avoid penalties

Issue Form 16A (TDS) and Form 27D (TCS) to vendors and customers, confirming the deducted or

collected amounts and providing documentation for their records.

Prepare and file the TDS/TCS return accurately, ensuring compliance with statutory reporting

timelines.

* Advise clients on routine transactions outside Double Taxation Avoidance Agreements (DTAA),

ensuring they understand their tax obligations and compliance requirements.

6. Taxation Task

* Analyze client financial data to estimate annual corporate tax liability by reviewing income

statements, balance sheets, and relevant deductions or credits, aiding financial planning and

ensuring readiness for tax payments.

Calculate advance tax liability based on estimated annual corporate tax, determining quarterly

payments using projected income and applicable tax rates to avoid underpayment penalties and

maintain cash flow.

Prepare the corporate tax return by accurately reporting all financial information, including

income, expenses, deductions, and credits, and file it with tax authorities by the deadline to

ensure compliance and avoid penalties.

7. Tax Compliance and Reconciliation Tasks

Conduct monthly reviews of the company's financials to ensure tax compliance and accurately

assess final tax liability by analyzing income, expenses, and deductions. Regular reviews help

identify discrepancies early, allowing for timely adjustments and ensuring tax obligations are

met.

Reconcile Goods and Services Tax (GST) output and input tax credits by comparing GST collected

on sales with GST paid on purchases. This process ensures accurate tax reporting, addresses

discrepancies, and optimizes tax credits for compliance with GST regulations.

* Assist in preparing and uploading the Annual Return, summarizing the companys financial

activities. This involves gathering data, ensuring regulatory compliance, and accurately reflecting

the financial position. Timely submission is essential to meet legal obligations and avoid

penalties.

* Assist in preparing and uploading the Annual Reconciliation to align financial statements and tax

filings. This includes reconciling income tax returns with financial statements and addressing

discrepancies. Timely submission is crucial for compliance and providing a clear financial

overview for audits.• Communicate effectively with internal stakeholders to ensure alignment of financial objectives

and priorities.

Education:

Masters degree in accounting, Finance, or a related field.

Experience:

10-15 years of total work experience, with a minimum of 5 years in a similar role.

Proficiency in accounting software (Tally Prime ).

Skills:

Strong understanding of accounting principles and practices.

Proficient in Microsoft Office Suite (Excel, Word).

Exceptional analytical and problem-solving skills.

* Attention to detail and accuracy.

Strong organizational and time-management abilities.

Effective communication and interpersonal skills.

Contact No. : 9773393688

9773393685