Job
Description
Company Description Active Bean Counter Private Limited is a national accounting and advisory services firm located in Worli. The firm is dedicated to assisting entrepreneurial, middle-market companies, and high-net- worth individuals in achieving their financial goals through a range of specialized accounting services tailored to meet specific business needs. Role Description This is a full-time on-site role for qualified Chartered Accountant at Active Bean Counter Private Limited. The role involves day-to- day financial tasks such as bookkeeping, payroll, accounts reconciliation, VAT management, bank reconciliations, operational analytics, and cash flow analysis. The position also includes tasks related to sales analysis, benchmarking, procurement, growth opportunities forecasting, and staff scheduling. Key Job Responsibilities IND AS / IFRS Compliance · Ensure timely and accurate application of key accounting standards: - IND AS 116 / IFRS 16 – Lease accounting: classification, measurement, remeasurement, and disclosures. - IND AS 115 / IFRS 15 – Revenue recognition: contract evaluation, performance obligations, variable consideration. - IND AS 109 / IFRS 9 – Financial instruments: classification, impairment, and fair value assessment. · Support technical accounting memos, impact analysis, and implementation of new accounting standards. Related Party Transactions · Monitor and ensure accurate recording and disclosure of related party transactions in line as per statutory guidelines. · Coordinate with business units to collect and reconcile related party data for quarterly and annual reporting. Consolidation and Group Reporting · Manage consolidation of group financials, including intercompany eliminations, foreign currency translations, and equity accounting. · Prepare consolidated financial statements and work closely with global teams and auditors for group-level reporting. R2R(Record to Report) Operations · Lead the month-end and year-end closing processes including journal entries, reconciliations, provisions, and accruals. · Support fixed assets, GL accounting, and other financial operations in line with R2R controls. Ensure compliance with internal controls and recommend process improvements. Financial Reporting and Audit Support · Prepare financial statements in compliance with IND AS/IFRS, and internal policies. · Liaise with internal and external auditors for statutory, internal, and group audits. · Support implementation of audit recommendations and internal control improvements. Miscellaneous · Working on Accounting and Bookkeeping using new-age software including Xero, Zoho, NetSuite and QuickBooks etc. · Working on GST, TDS, and Income Tax compliance · Coordinating with Client, management personnel and their external vendors · Generating and proofing client invoices for accuracy · Mailing, emailing or electronically submitting invoices to clients including follow ups for pending payments on behalf of Client. · Calculation of Payroll and variable invoice-based accruals · Reviewing monthly vendor payments and ensuring that all client bills are paid in a timely manner. · Coordinating with external Auditors for audit requests Qualifications · Bachelor’s degree in Finance, Accounting, or a sub-equivalent degree · 2+ years of experience in a financial analysis or similar role · Internship or work experience in a financial or business analysis role · Knowledge of accounting principles and financial statements · Proficient in MS Excel (including PivotTables, VLOOKUP, formulas, etc.) · Familiarity with create different type of financial and operational presentation reports · Strong analytical and creativity skills · Solid understanding of statistical analysis, hypothesis testing, and predictive modeling · Excellent communication and presentation abilities · Visualize and communicate findings clearly using dashboards and reports (e.g., Power BI, Tableau) · Document methodologies, model assumptions, and data processes clearly Required Skills  · Strong understanding of Accounting and Bookkeeping · Good understanding of GST and TDS provisions · Expertise in reading and writing English. · Strong ability to handle multiple Emails/Tasks via MS Outlook/Slack/Client WhatsApp Groups · Strong data handling skills in in Microsoft Excel and Microsoft word · High attention to detail · Managing reminders and deadlines for Tasks · Problem Solving and Analytical Skills
