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5 - 7 years

6 - 10 Lacs

Posted:1 day ago| Platform: Naukri logo

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Job Type

Full Time

Job Description

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

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