Job
Description
Position Overview: We are seeking an experienced Finance & Accounting (F&A) Specialist to join our team in Chennai. The ideal candidate will be responsible for managing the day-to-day finance and accounting operations in compliance with Indian Accounting Standards (Ind AS) , ensuring accurate financial reporting, and driving operational efficiency within the finance department. As a key member of the team, you will be involved in managing the books of accounts, handling tax compliance, and maintaining financial records according to the standards and regulations set forth by the Indian government. You will also be responsible for financial reporting, auditing, and providing strategic recommendations to improve financial processes and performance. Key Responsibilities: General Ledger & Financial Reporting : Manage and maintain the General Ledger (GL) to ensure all accounting transactions are recorded accurately. Prepare monthly, quarterly, and annual financial statements as per Indian Accounting Standards (Ind AS) , including Balance Sheet , Profit & Loss account, and Cash Flow statements. Conduct reconciliation of accounts and ensure that all discrepancies are resolved in a timely manner. Accounts Payable & Receivable Management : Oversee the accounts payable (AP) and accounts receivable (AR) functions to ensure accurate processing of invoices, vendor payments, and customer receipts. Ensure timely payments and collections as per the agreed terms with vendors and customers. Handle vendor disputes, payments, and ensure compliance with tax regulations (GST, TDS, etc.). Compliance with Indian Accounting Standards (Ind AS) : Ensure full compliance with Indian Accounting Standards (Ind AS) in preparation and presentation of financial statements. Maintain up-to-date knowledge of regulatory changes, including GST, TDS, and other Indian tax laws, and incorporate them into financial reporting. Coordinate and manage statutory audits , working with external auditors to ensure accurate and timely completion. Taxation and Statutory Compliance : Responsible for GST returns, Income Tax , TDS (Tax Deducted at Source) , and other tax filings. Ensure timely and accurate filing of tax returns and compliance with Indian tax regulations. Maintain records for audits and ensure tax-related documentation is properly filed and stored. Payroll and Employee Benefits : Oversee the payroll process, ensuring correct calculation of salaries, bonuses, deductions, and taxes in compliance with Indian tax laws. Ensure statutory deductions like Provident Fund (PF) , Employee State Insurance (ESI) , and Gratuity are correctly managed and remitted on time. Prepare monthly payroll reports and ensure timely disbursement of salaries. Internal Controls & Risk Management : Develop and implement internal control processes to safeguard the organizations assets and financial information. Ensure adherence to financial policies and procedures, identifying potential financial risks and recommending mitigating actions. Conduct periodic internal audits to ensure compliance with financial controls and regulations. Budgeting & Forecasting : Support the preparation of annual budgets and financial forecasts. Monitor and analyze variances in actual vs. budgeted financial performance and provide recommendations for corrective action. Assist in the preparation of financial projections for business expansion and strategic planning. Financial Analysis : Prepare and analyze financial reports to provide actionable insights to senior management. Evaluate profitability, cash flow, and financial health of the business. Provide ad-hoc analysis for business decision-making, focusing on cost reduction, financial efficiency, and revenue optimization. Cash Flow Management : Monitor daily cash flow and ensure that the company maintains sufficient liquidity for operational needs. Review cash flow forecasts, assess working capital requirements, and ensure that the company’s financial obligations are met. Financial Systems & Tools : Oversee the use of financial systems and tools, ensuring the effective recording, reporting, and management of financial data. Implement process improvements in accounting systems and workflows for greater efficiency and accuracy. Qualifications & Skills: Education : Bachelor's or Master’s Degree in Commerce , Accounting , or Finance . Professional certifications such as CA (Chartered Accountant) , CMA (Cost Management Accountant) , or CPA is preferred. Experience : 5-7 years of experience in finance and accounting roles, with at least 3 years of experience working under Indian Accounting Standards (Ind AS) . Hands-on experience with GST , TDS , Income Tax , and payroll management . Technical Skills : Proficiency in accounting software such as Tally , SAP , QuickBooks , or Oracle . Advanced MS Excel skills, including the ability to manage large datasets and perform complex financial analysis. Strong knowledge of Indian Accounting Standards (Ind AS) and taxation laws . Soft Skills : Strong attention to detail and accuracy in financial reporting. Excellent communication skills, with the ability to explain complex financial concepts to non-financial stakeholders. Ability to work under pressure and meet tight deadlines. Strong analytical and problem-solving skills. Personal Attributes : Self-motivated with a proactive approach to work. Ability to work collaboratively with cross-functional teams. Flexibility to adapt to changing financial regulations and business requirements.
