Senior Associate - Accounts

Job Summary:

The Senior Accounts Associate plays a key role in the finance department by managing and overseeing day-to-day accounting operations. This role involves preparing financial statements, handling reconciliations, supporting audits, ensuring compliance with accounting standards and internal controls, and mentoring junior staff.

Key Responsibilities:

General Accounting

• Manage daily accounting transactions including journal entries, ledger updates, and expense allocations.
• Ensure timely and accurate month-end and year-end close processes.

Accounts Payable & Receivable

• Oversee invoice processing, vendor payments, and collections.
• Monitor aging reports and resolve outstanding receivables/payables.

Reconciliations

• Perform regular bank, vendor, and intercompany reconciliations.
• Reconcile balance sheet accounts and investigate discrepancies.

Financial Reporting

• Assist in the preparation of financial statements, MIS reports, and management summaries.
• Support budget preparation and financial forecasting.

Audit & Compliance

• Coordinate internal and external audits.
• Ensure compliance with accounting standards (e.g., GAAP, IFRS) and company policies.
• Maintain proper documentation and audit trails.

Process Improvement

• Identify areas for cost control and efficiency improvements.
• Recommend and implement best practices in accounting and reporting.

Team Leadership

• Mentor junior accountants and support staff.
• Assist with onboarding and training of new finance team members

Qualifications:

Education

• Bachelors degree in Accounting, Finance, or Commerce (required).
• CA Inter, CPA, CMA, or MBA in Finance (preferred).

Experience

• 47 years of relevant experience in accounting or finance roles.
• Experience with ERP systems (e.g., SAP, Oracle, QuickBooks, Tally).

Skills

• Strong understanding of accounting principles and financial reporting.
• Proficient in MS Excel (pivot tables, VLOOKUP, etc.).
• Excellent attention to detail and organizational skills.
• Strong analytical and problem-solving abilities.
• Effective communication and interpersonal skills.

Key Competencies:

• Financial accuracy and integrity
• Deadline orientation
• Critical thinking and data analysis
• Collaboration and cross-functional communication
• Discretion with confidential financial data