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Finance & Accounts Executive

Bhanix

5 - 6 years

Mumbai

Posted:1 week ago

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Job Description

Key Responsibilities

1. Accounting & Bookkeeping

  • Pass day-to-day accounting entries, including purchase invoices, expense bookings, journal entries, provisions, accruals and prepayments.
  • Ensure accurate and timely recording of financial transactions in the accounting system.
  • Perform ledger scrutiny, general ledger reconciliations and vendor balance confirmations.
  • Assist in monthly book closures and preparation of schedules for financial reporting and audits.
  • Maintain proper documentation and supporting for all accounting transactions.

2. Vendor Payments & Accounts Payable

  • Verify vendor invoices, supporting documents, approvals, purchase orders and applicable tax deductions before processing payments.
  • Prepare payment proposals and process vendor, employee reimbursement and other business payments within stipulated timelines.
  • Ensure appropriate application of TDS and GST requirements while booking invoices and processing payments.
  • Perform vendor ledger reconciliations and resolve outstanding items and discrepancies.
  • Maintain an updated tracker of invoices received, payments due and overdue payables.

3. GST Compliance

  • Review purchase invoices for GST accuracy, including GSTIN, tax rates and eligibility of Input Tax Credit (ITC).
  • Reconcile purchase registers with GSTR-2B and identify discrepancies, missing invoices and ineligible ITC.
  • Assist in preparation and filing of GST returns, including GSTR-1 and GSTR-3B, as applicable.
  • Coordinate with vendors for missing invoices, amendments and GST-related discrepancies.
  • Support GST reconciliations, assessments, departmental queries and statutory audits.

4. TDS & Other Statutory Compliance

  • Identify applicable TDS sections and rates while booking invoices and processing payments.
  • Ensure timely deduction, deposit and reconciliation of TDS.
  • Assist in quarterly TDS return preparation and filing, including reconciliation with the books of accounts and Form 26AS/AIS, wherever applicable.
  • Coordinate the issuance of TDS certificates and respond to vendor queries relating to tax deductions.
  • Maintain compliance calendars and ensure timely completion of applicable statutory obligations.

5. Bank & Balance Sheet Reconciliations

  • Perform bank reconciliations and investigate unreconciled transactions.
  • Reconcile vendor, employee advance, expense and other relevant balance sheet accounts.
  • Monitor outstanding advances, debit balances, old outstanding items and pending adjustments.
  • Ensure timely resolution of reconciliation differences.

6. Audit & Documentation

  • Provide supporting documents, schedules and reconciliations for statutory, internal and tax audits.
  • Coordinate with auditors and consultants for routine accounting and compliance requirements.
  • Maintain organised accounting records, invoices, payment proofs and statutory documentation.
  • Assist in implementing internal financial controls and standard operating procedures.

Required Skills & Experience

  • Graduate in Commerce, preferably B.Com, with 56 years of relevant experience in Finance & Accounts.
  • Strong practical knowledge of accounting entries, vendor payments, GST and TDS compliances.
  • Hands-on experience with accounting software/ERP systems such as Tally, SAP, Oracle or similar platforms.
  • Good working knowledge of MS Excel, including reconciliations, lookups, pivot tables and data analysis.
  • Strong attention to detail, numerical accuracy and documentation skills.
  • Ability to manage multiple priorities, meet deadlines and coordinate effectively with internal teams, vendors and auditors.
  • High level of integrity, ownership and accountability.

Preferred Candidate Profile

  • Experience in a structured finance and accounts department, preferably in an NBFC, financial services or fintech organisation.
  • Exposure to high-volume vendor payments, monthly book closure and statutory compliance processes.
  • Ability to independently manage routine accounting and compliance activities with minimal supervision.

Skills Required

Gst Vendor Taxation Balance Finance Operation Payments Finance Balance Sheet

Free courses, interview questions and practice for each skill.

Work Mode

Work from Office

Job Type

Full Time

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