Accountant

Position: Accountant

Reports to: Finance Manager/Controller

Department: Accounting/Finance

Job Summary:

          The Accountant is responsible for managing financial transactions, preparing financial statements, and ensuring accurate financial reporting. They maintain general ledger accounts, oversee account reconciliations, and provide essential support in budgeting, forecasting, and audit processes. This role requires a detail-oriented individual with a strong knowledge of accounting principles and a commitment to regulatory compliance .

Key Responsibilities:

1. Financial Record Keeping

• Maintain and manage the general ledger, ensuring accurate recording of financial transactions.
• Track and record expenses, revenue, and other financial activities.
• Ensure compliance with accounting policies, standards, and regulatory requirements.

1. Financial Reporting

• Prepare and present monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements.
• Generate financial reports for management and assist in financial analysis.
• Provide insights into financial performance, highlighting key metrics and variances.

1. Account Reconciliation

• Reconcile bank statements, accounts receivable/payable, and other financial records.
• Identify discrepancies and resolve any issues to ensure the accuracy of financial data.
• Maintain reconciliation schedules and perform regular account audits.

1. Budgeting and Forecasting

• Assist in the preparation of budgets and forecasts, working closely with the finance team.
• Monitor actual performance against budgets and forecasts.
• Report variances and support management in making informed decisions.

1. Accounts Payable and Receivable

• Support accounts payable by processing invoices, approving payments, and verifying expense reports.
• Manage accounts receivable, generate invoices, track payments, and follow up on overdue accounts.
• Coordinate with vendors and customers to resolve payment-related issues.

1. Compliance and Tax Reporting

• Prepare tax documentation and ensure compliance with tax laws and regulations.
• Assist in preparing tax returns and other statutory filings.
• Stay updated on tax legislation changes and implements any necessary adjustments.
• Submitting the auditing document on time
• ITR filing and GST filing month on month

1. Payroll Processing

• Assist with payroll calculations and record payroll transactions.
• Ensure accurate and timely disbursement of employee salaries, taxes, and deductions.
• Maintain payroll records in compliance with company policies.

1. Internal Controls and Auditing

• Contribute to the establishment and maintenance of internal controls.
• Participate in internal and external audit processes.
• Document and implement improvements to accounting practices and procedures.

1. Financial Analysis and Advisory

• Analyse financial data to identify trends, patterns, and areas for improvement.
• Assist management in financial planning, decision-making, and cost reduction efforts.
• Provide ad hoc financial reports and analysis as requested.

10. Other insights to be followed and reported

• Payment follow-up system , On time Loan payment ,On time Payment collection,
• Understanding the market with good quantity and quality
• CTC ratio maintenance for every individual employees
• In house stock maintenance,
• Payment collection from vendors weekly and 15 days once.
• CRM Employee budget maintenance
• Cost accounting report monthly