Senior Account Manager

Roles & Responsibilities of a Senior Accountant

A Senior Accountant's primary goal is to ensure the accuracy, compliance, and strategic reporting of the company's financial activities.

I. Taxation and Compliance Responsibilities

The Senior Accountant plays a key role in ensuring the company meets all its tax obligations accurately and efficiently, often working closely with a dedicated Tax Manager or external consultants.

Tax Return Preparation and Filing:

Preparation/Review: Prepare or review complex federal, state, and local income tax returns, ensuring all calculations are accurate and comply with current tax laws.

Compliance: Manage and ensure timely filing of various tax obligations, including corporate income tax, sales and use tax, VAT/GST, and payroll-related taxes.

Tax Provision and Financial Reporting:

Tax Accounting: Prepare and calculate the tax provision (also known as the provision for income taxes or ASC 740/IAS 12), which is the tax expense that appears on the financial statements.

Reconciliations: Perform detailed reconciliations between financial accounting records (book) and tax accounting records (tax).

Tax Planning and Research:

Research: Conduct in-depth research on complex tax laws, regulations, and reporting requirements to stay current and inform business decisions.

Strategy Support: Assist in developing and implementing tax planning strategies to legally minimize the company's tax liability and maximize savings.

Audit and Support:

Audit Assistance: Serve as a key resource during tax audits by compiling necessary documentation, providing explanations, and responding to inquiries from tax authorities.

Risk Mitigation: Proactively identify and address potential tax-related risks or discrepancies to maintain compliance.

II. Finance and Financial Reporting Responsibilities

This area is focused on managing the core accounting functions, financial analysis, and ensuring the integrity of the company's financial statements.

Financial Reporting and Analysis:

Statement Preparation: Prepare and review accurate monthly, quarterly, and annual financial statements, including the Balance Sheet, Income Statement, and Cash Flow Statement.

Compliance: Ensure all financial reports adhere to generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS).

Analysis: Perform financial analysis, including variance analysis (comparing actual results to budget/forecast), and provide insightful commentary to management for decision-making.

General Ledger and Month-End Close:

Accounting Cycle: Own and manage significant parts of the accounting cycle, especially the month-end and year-end close processes.

Reconciliations: Perform complex account and bank reconciliations to ensure the general ledger is accurate and complete.

Journal Entries: Review and approve journal entries prepared by junior staff, or prepare complex, high-level entries (e.g., accruals, depreciation, intercompany eliminations).

Audit and Internal Controls:

External Audit: Coordinate and assist with the annual external financial audit, preparing supporting schedules and liaising with the external audit team.

Internal Controls: Develop, document, and monitor strong internal controls to safeguard company assets and ensure the integrity of financial data.

Budgeting and Forecasting Support:

Collaboration: Work with the Financial Planning & Analysis (FP&A) team to assist with budgeting, forecasting, and expense management.

Data Integrity: Provide reliable financial data and historical trends to inform future financial projections.

Job Types: Full-time, Permanent

Pay: ₹19,874.90 - ₹67,331.99 per month

Benefits:

• Health insurance
• Provident Fund

Work Location: In person