Junior Accountant

1.

• Work with Accountant and manage the general ledger, ensuring all transactions are recorded accurately.
• Support the month-end and year-end closing procedures, ensuring that all entries are posted and reconciled on time.
• Ensure that accounts are correctly classified and that transactions comply with company policies and accounting standards.

2.

• Act as the custodian of petty cash, ensuring secure handling and efficient utilization in line with organizational needs.
• Ensure all petty cash disbursements and payments comply with the companys Standard Operating Procedures (SOPs).
• Execute bank transfers and vendor payments accurately and timely, adhering to agreed payment terms and internal controls.

3.

• Cycle & Annual Counts

• Develop and execute cycle-count schedules and annual physical inventory plans.
• Coordinate count teams, issue count instructions, and ensure segregation of duties.

• Reconciliation & Adjustments

• Reconcile counted quantities to the inventory sub-ledger; investigate and document variances.
• Post adjustment entries and analyze root causes (e.g., theft, spoilage, data entry errors).

• Reporting & KPI Monitoring

• Present variance analyses and recommend corrective actions

4.

• Support the Accountant to Reconcile bank statements, accounts payable, accounts receivable, and intercompany transactions.
• Investigate discrepancies and resolve issues that arise during the reconciliation process.
• Manage and ensure proper accounting for fixed assets, prepaid expenses, and accruals.

5.

• Support the Accountant in Invoice Processing & Billing, Credit Management, Collections & Cash Application, Dispute & Deductions Management
• Additionally support to prepare O2C performance metrics (DSO, collection effectiveness, bad debt provision). Provide month-end reconciliations of AR sub-ledger to the general ledger.

6.

• Support Accountant in Purchase Order & Invoice Matching, Vendor Master Data & Onboarding, Payment Processing, Expense & Reimbursement Control
• Additionally, support P2P Reporting process to Track key metrics (AP days, invoice exception rate, payment discounts captured). Assist in month close by reconciling AP sub-ledger to the general ledger.

7.

• Maintain a complete, accurate fixed asset register: capital expenditures, additions, disposals, transfers.
• Support the Accountant to calculate and post monthly depreciation entries; review estimates for useful life and residual values.
• Coordinate disposal processes, ensure proper authorization, calculate gains/losses, and update registers.

8.

• Support both internal and external audits by providing necessary documentation and explanations for financial records.
• Identify opportunities to improve processes and ensure the integrity of financial data.

9.

• Oversee the use of accounting software and systems to ensure that they are properly configured and functioning.
• Keep up to date with technological advancements in accounting software.

10.

• Ensure compliance with all relevant accounting standards, laws, and regulations (e.g., IND AS ,GAAP, IFRS, tax laws).
• Keep updated on changes in accounting regulations and industry trends.

11.

• Collaborate with other departments (e.g., HR, legal, operations) to ensure proper financial coordination and reporting.

12.

Preferred candidate profile