Job Description

Department: Finance Location: Bangalore Position Overview: The Sr. Accountant will be responsible for handling all service-related financial transactions, including invoicing, auditing, reconciliation, and financial reporting. The role requires a detail-oriented individual with strong analytical skills to ensure accuracy and efficiency in financial processes. The Service Accountant will work closely with the Resident Managers (RM) to maintain accurate financial records and provide insights on cost management. Key Responsibilities: Invoice Management: Generate all types of service-related invoices promptly and accurately. Voucher and Bill Auditing: Audit vouchers and bills against all payments and receipts to ensure compliance and accuracy. Financial Reporting: Prepare monthly financial reports, including Management Information Systems (MIS) reports. Analyze recurring and non-recurring expenses to identify cost-saving opportunities. Salary Reconciliation: Obtain salary statements from the respective managers and reconcile them with the books. Update records for salary advances and staff loans. Receivables and Payables Management: Maintain and update the receivables working file, share it with the RM, and conduct follow-ups as necessary. Perform reconciliation of payable and receivable ledgers, including ageing analysis. Payment Processing: Initiate payments after obtaining approvals from respective department heads. Check and update the payment approval file to ensure all payments are authorized. Petty Cash and Expense Reconciliation: Reconcile petty cash statements and update the books accordingly. Reconcile the expense tracker with the books to ensure accurate record-keeping. Cost Monitoring: Monitor and analyze costing, highlighting any discrepancies or concerns to the RM. Vendor Management: Reconcile vendor bills and update them in the books. Bank Reconciliation: Prepare Bank Reconciliation Statements (BRS) to ensure consistency between bank statements and company records. Receipts and Payments Verification: Confirm and verify receipt vouchers, ensuring all receipts are accurately recorded. Coordinate with the RM to clear any suspense receipts and resolve discrepancies. Expense Bill Verification: Verify and account for all expense bills, ensuring they are supported by appropriate documentation. Core Competence: Experience: Proven experience of 3 to 5 years of experience in accounting, with a focus on service-related financial transactions. Strong knowledge of accounting principles and practices. Proficiency in Tally software and MS Office, especially Excel. Education: Bachelors degree in Commerce, Finance, MBA Finance is additional Skills: Excellent attention to detail and strong analytical skills. Ability to work independently and manage multiple tasks effectively. Strong communication skills for coordination with various departments. Communication Skills: Strong English skills, ability to converse in English is mandatory