Executive - Finance (General Ledger)

Position: Executive – Finance (General Ledger)

Experience: 1-3 years

Department: Corporate Finance

Qualification: Graduate/Postgraduate

Level: Full Time

Location: Mumbai

Shifts (if any): 11:00 AM onwards (candidate should be flexible to work as per business requirement)

Job description:

The position requires candidate to have solid accounting concepts and knowledge in month end close and Balance Sheet reconciliations. Reconcile GL balance with supporting documents. Candidate must support business segments during month/ quarter end close activities, preparing and posting journal entries etc. Candidate should assess and interprets customer need and requirements and identifies solution to non-standard request. Solves moderately complex accounting problems and conduct complex analyses. Works with minimal guidance and manage GL team.

Key Responsibilities:

General Ledger & Monthly Closing:

• Manage monthly General Ledger (GL) closing activities to ensure accurate financial reporting.
• Oversee the preparation of monthly Profit & Loss (P&L) accounts and Balance Sheets for management reporting.
• Handle month-end, quarter-end, and year-end closing activities for financial statements.

Financial Reporting & Analysis:

• Prepare financial reports and statements as per accounting standards (IFRS, Indian GAAP, INDAS).
• Conduct variance analysis of P&L and Balance Sheets on a monthly basis.
• Generate key financial reports for senior management, including budget vs actual analysis.
• Preparation of segment reporting, revenue cost analysis, and various reconciliations.

Tax & Compliance:

• Compute Tax Deduction at Source (TDS) on vendor invoices and manage tax-related matters.
• Assist in audit processes and support tax compliance requirements.
• Ensure timely filing and compliance with applicable tax regulations.

Vendor & Payment Management:

• Oversee the booking of vendor invoices and ensure payments are processed as per aging reports.
• Coordinate payments and receipts, ensuring proper reconciliation with bank statements.
• Manage foreign remittances and handle vendor account reconciliations.
• Develop relationships with external consultants for managing foreign payments and tax matters.

Audit & Support:

• Prepare financials for audit purposes, liaising with auditors to ensure timely audits.
• Provide audit support by reviewing financial documents, contracts, and entries.
• Assist in the preparation of audit schedules, ensuring compliance with accounting standards.

Control & Process Improvement:

• Test and evaluate internal controls, identifying gaps and suggesting improvements.
• Work on process enhancements, including automation and system upgrades for financial reporting.
• Collaborate with system development teams to ensure timely and accurate reporting.

Team Coordination & Reporting:

• Collaborate with various teams, including accounts payable, receivable, tax, and operations for smooth financial operations.
• Coordinate with offshore teams and onsite offices for intercompany transactions and reconciliations.
• Ensure the timely closure of general ledgers and subsidiary reporting.

Key Skills:

• Minimum of 1-3 years of experience in finance and accounting roles, with a strong focus on financial reporting, audit, and reconciliation.
• General Ledger Management, Variance Analysis, and Financial Reporting
• Tax Compliance & Deduction Management
• Strong analytical and problem-solving skills
• Familiarity with IFRS, US GAAP, and internal control frameworks
• Effective communication and stakeholder management skills
• Strong attention to detail and a high level of accuracy.
• Ability to work independently and as part of a team.
• Proactive and solution-oriented mindset.
• Excellent time management and organizational skills.

The Job responsibilities of the candidate shall include but not limited to the Job Description & to perform any other tasks/functions as required by the Company.