Senior Accountant

Role & responsibilities

1.

• Prepare and review monthly, quarterly, and annual financial statements (balance sheets, income statements, cash flow statements) in accordance with accounting principles and regulatory standards.
• Analyze financial data to identify trends, variances, and discrepancies, providing insights to management.
• Prepare internal management reports, financial summaries, and forecasts to support business decisions.

2.

• Oversee and manage the general ledger, ensuring all transactions are recorded accurately.
• Perform 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.

3.

• 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.

4.

• 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.

• Invoice Processing & Billing

• Generate and review customer invoices for accuracy, completeness and compliance with contract terms.
• Coordinate with Sales/Commercial teams to resolve pricing or delivery discrepancies before billing.

• Credit Management

• Perform credit checks on new customers and set appropriate credit limits.
• Monitor customer credit exposure and escalate high-risk accounts.

• Collections & Cash Application

• Oversee accounts receivable aging; drive collections to minimize DSO.
• Allocate incoming payments to open invoices; investigate and clear unapplied items.

• Dispute & Deductions Management

• Liaise with operations and customer service to resolve billing disputes.
• Analyze deduction trends and implement process improvements to reduce recurring issues.

• Reporting & Analysis

• Prepare O2C performance metrics (DSO, collection effectiveness, bad debt provision).
• Provide month-end reconciliations of AR sub-ledger to the general ledger.

6.

• Purchase Order & Invoice Matching

• Ensure three-way match (PO, GRN, Invoice) for all supplier invoices.
• Flag and resolve mismatches or variances with Procurement or Receiving teams.

• Vendor Master Data & Onboarding

• Maintain and periodically review vendor master data for accuracy.
• Coordinate KYC & compliance checks for new suppliers.

• Payment Processing

• Prepare payment runs (domestic and cross-border) in accordance with cash-flow forecasts and payment terms.
• Ensure appropriate approvals and authorizations are obtained before payments.

• Expense & Reimbursement Control

• Review and process employee expense claims, ensuring policy compliance.
• Investigate unusual or high-value claims and escalate as needed.

• P2P Reporting

• Track key metrics (AP days, invoice exception rate, payment discounts captured).
• Assist in monthly close by reconciling AP sub-ledger to the general ledger.

7.

• Asset Register Management

• Maintain a complete, accurate fixed asset register: capital expenditures, additions, disposals, transfers.
• Verify capitalization thresholds and accounting treatment in line with company policy and IFRS/TFRS.

• Depreciation & Amortization

• Calculate and post monthly depreciation entries; review estimates for useful life and residual values.
• Reconcile accumulated depreciation to fixed asset sub-ledger.

• Disposals & Impairment

• Coordinate disposal processes, ensure proper authorization, calculate gains/losses, and update registers.
• Monitor and assess assets for impairment indicators and propose write-downs as necessary.

• Policy & Compliance

• Update and enforce fixed asset policies (capitalization, depreciation, tagging).
• Prepare disclosures for statutory reporting and audit.

8.

• 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

9.

• Prepare and file accurate tax returns (GST, TDS, Income Tax, PF, ESIC, etc.) in compliance with local regulations.
• Ensure timely tax payments and resolve tax-related issues or audits.
• Assist in tax planning and strategy to minimize tax liabilities.

10.

• Support both internal and external audits by providing necessary documentation and explanations for financial records.
• Maintain and monitor internal controls to ensure proper financial reporting and compliance with regulatory requirements.
• Identify opportunities to improve processes and ensure the integrity of financial data.

11.

• Assist in the preparation of annual budgets and forecasts, ensuring that they align with business goals and strategies.
• Track and report on variances from the budget, analyzing cost trends and suggesting cost-saving measures.
• Provide cost analysis to improve profitability and financial performance.

12.

• Oversee the use of accounting software and systems to ensure that they are properly configured and functioning.
• Collaborate with IT or systems teams to implement new tools, improve existing systems, and enhance efficiency.
• Keep up to date with technological advancements in accounting software.

13.

• Monitor and manage the companys cash flow to ensure sufficient liquidity for operations.
• Prepare cash flow projections and advise management on financial strategies to maintain healthy cash flow.

14.

• 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.

15.

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

Preferred candidate profile

• Minimum 5 6 years of experience in accounting or finance roles.
• Proficiency in accounting software - Zoho Books, QuickBooks, SAP & Oracle (added advantage).
• Exposure to ERP systems and payroll accounting
• Strong knowledge of MS Excel and financial reporting tools. Good understanding of tax regulations, statutory compliance, and audit processes
• Strong English communication both writing and speaking is must, local language is advantage.
• Preferably someone with MNC experience