Accountant

# Job Description: Accountant – Super Electricals

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## Position Title

**Accountant (Senior)**

## Department

Finance & Accounts

## Reports To

Store Director

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## Position Summary

Super Electricals is seeking a **highly experienced and detail-oriented Senior Accountant** with a minimum of **5 years of proven accounting experience** in retail, wholesale, or trading operations. This is a critical finance role requiring deep expertise in financial management, GST compliance, inventory accounting, and financial reporting. You will be responsible for maintaining accurate financial records, ensuring regulatory compliance, managing accounts payable/receivable, and providing financial insights to support business growth.

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## Key Responsibilities

### Financial Management & Record Keeping

- Maintain complete and accurate accounting records for all business transactions

- Record daily sales, purchases, expenses, and receipts in the accounting system

- Manage General Ledger (GL) accounts and ensure proper account coding and classification

- Prepare daily, weekly, and monthly bank reconciliations

- Handle cash management, petty cash accounts, and bank deposits

- Maintain proper documentation and filing of all financial vouchers and invoices

### Accounts Payable & Receivable

- Process supplier invoices, verify authenticity, and record payments promptly

- Manage vendor accounts and maintain vendor ledgers

- Track outstanding supplier payments and follow up for timely settlement

- Monitor customer receivables (if applicable) and follow up on pending payments

- Prepare aging analysis of payables and receivables monthly

- Negotiate payment terms with suppliers to optimize cash flow

### Billing & Invoice Management

- Generate and review customer invoices for accuracy

- Maintain billing records and track invoice status

- Identify and resolve billing discrepancies or disputes

- Manage credit notes and debit notes appropriately

### GST & Tax Compliance

- Maintain detailed GST records and invoicing as per IGST/CGST/SGST regulations

- Prepare monthly/quarterly GST returns (GSTR-1, GSTR-3B) accurately and on time

- Reconcile GST input tax credit (ITC) claims with supporting documentation

- Ensure compliance with Telangana tax regulations and government filing requirements

- Maintain compliance with applicable income tax provisions

- Prepare TDS documentation and payments where applicable

- Stay updated on GST law changes and ensure timely implementation

### Inventory & Stock Accounting

- Coordinate with store management for inventory reconciliation

- Track inventory purchases, stock receipts, and stock adjustments

- Prepare inventory valuation reports (FIFO/weighted average method)

- Identify and investigate stock discrepancies or shrinkage

- Maintain accurate inventory ledgers and records

- Support physical stock audit activities

### Financial Reporting & Analysis

- Prepare monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Trial Balance)

- Generate departmental and product-wise profit analysis

- Prepare cash flow projections and liquidity analysis

- Provide variance analysis comparing actual vs. budgeted performance

- Generate management reports on key financial metrics and KPIs

- Identify trends, anomalies, and areas for cost optimization

### Payroll & Employee Accounts

- Assist in payroll processing and employee reimbursement claims

- Maintain employee advance accounts and settlements

- Support HR in statutory compliance related to employee benefits

- Prepare salary statements and maintain payroll records

### Statutory Compliance & Documentation

- Ensure timely filing of returns with tax authorities

- Maintain compliance with Companies Act, GST Act, and other applicable laws

- Prepare audit-ready documentation and trail of records

- Coordinate with external auditors during audit procedures

- Maintain proper internal control systems and audit trails

### System & Software Management

- Manage accounting software (Tally, SAP, or other ERP systems)

- Maintain data integrity and prevent unauthorized access

- Generate reports from accounting software as required

- Troubleshoot minor software issues or escalate to IT support

- Keep backups of accounting data regularly

### Cost Control & Optimization

- Monitor expenses and identify areas for cost reduction

- Support budget preparation and variance analysis

- Provide financial insights to improve profitability

- Recommend process improvements for financial efficiency

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## Required Qualifications

### Education

- **Bachelor's Degree in Commerce (B.Com)** or equivalent accounting qualification

- **Chartered Accountant (CA)** or **Cost Accountant (CMA)** certification is highly preferred

- Alternatively: Diploma in Accounting + 5+ years of relevant experience

### Professional Experience

- **Minimum 5 years of hands-on accounting experience** in retail, wholesale, trading, or distribution businesses

- Proven experience with **GST compliance and filing** (mandatory)

- Strong experience in **inventory accounting and stock reconciliation**

- Demonstrated expertise in **accounts payable/receivable management**

- Experience with **financial statement preparation** and reporting

- Prior experience in **electrical, hardware, or retail sector** is a significant plus

### Technical Skills

- **Expert-level proficiency in Tally ERP** (accounting software)

- Proficiency in **MS Excel** (advanced functions, pivot tables, VLOOKUP, etc.)

- Intermediate knowledge of **MS Word and PowerPoint**

- Familiarity with **GST portal** and online filing procedures

- Basic understanding of **ERP systems** (SAP, Oracle, or similar) is a plus

### Knowledge & Expertise

- In-depth knowledge of **GST Act 2017** and recent amendments

- Understanding of **Income Tax provisions** applicable to business

- Knowledge of **accounting standards and principles** (AS/Ind-AS)

- Familiarity with **internal audit and control procedures**

- Understanding of **inventory valuation methods** (FIFO, weighted average)

- Knowledge of **banking and reconciliation procedures**

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## Desired Skills & Competencies

- ✅ Analytical mindset with strong attention to detail

- ✅ Ability to handle multiple tasks and meet strict deadlines

- ✅ Proactive problem-solving and decision-making abilities

- ✅ Strong organizational and time management skills

- ✅ Excellent communication (written and verbal) in English and Telugu/Hindi

- ✅ Integrity, confidentiality, and ethical conduct

- ✅ Ability to work independently and collaborate with teams

- ✅ Willingness to learn new systems and stay updated on regulatory changes

- ✅ Experience with **business accounting, retail operations, and trading scenarios**

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## Working Conditions

- **Schedule**: Full-time position; 7 days a week

- **Timings**: Flexible, coordinated with store operations (typically 9:00 AM – 7:00 PM, with breaks)

- **Location**: Super Electricals Head Office / Finance Department, Hyderabad

- **Physical Demands**: Primarily desk-based; occasional need to visit store locations

- **Travel**: Minimal, occasional visits to stores or government offices for compliance matters

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## Key Performance Metrics

Your success will be measured on:

| Metric | Target |

|---|---|

| **Financial Accuracy** | 99.9% accuracy in all transactions and reports |

| **Compliance** | 100% on-time filing of GST, tax, and statutory returns |

| **Reconciliation** | Monthly bank and inventory reconciliations completed by deadline |

| **Reporting** | Monthly financial statements prepared and submitted on time |

| **Discrepancies** | Investigation and resolution of issues within 7 days |

| **Process Efficiency** | Continuous improvement in accounting workflows and cycle time |

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## Compensation & Benefits Package

| Component | Details |

|---|---|

| **Salary** | Competitive CTC based on qualifications and experience ₹3.5 – 5.5 LPA (indicative) |

| **Performance Bonus** | Based on compliance and accuracy metrics |

| **Incentives** | Year-end bonuses and performance incentives |

| **Leave** | Weekly off + 15–20 days paid leave annually |

| **Health Insurance** | Mediclaim coverage for employee and family |

| **Professional Development** | Support for accounting certifications and training |

| **Staff Discount** | Discount on store products |

| **Career Growth** | Opportunity to progress to Finance Manager role |

*[Adjust CTC and benefits as per your organization's budget]*

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## Reporting & Accountability

- Reports to the **Finance Manager / Store Director**

- Responsible for maintaining **confidentiality** of all financial information

- Accountable for **accuracy and timeliness** of all financial data and submissions

- Must adhere to **internal audit standards** and compliance