Senior Executive Finance Accounts

Job description

1. Financial Accounting & Reporting

Maintain books of accounts as per Indian Accounting Standards (Ind AS).

Ensure timely closing of monthly, quarterly, and annual accounts.

Prepare trial balance, P&L statement, balance sheet, cash flow.

Manage and reconcile receivables, payables, inter-branch, and inter-company accounts.

2. Manufacturing Accounting

Monitor BOM (Bill of Materials) costing, raw material consumption, wastage analysis.

Maintain process-wise cost sheets and product-wise profit margins.

Maintain job work and production accounting, consumption vs output ratio.

3. Import Accounting & Compliance

Track and record all import transactions: Purchase Orders, Invoice, Bill of Entry, BOE assessment, and IGST input credit.

Monitor LCs, advance remittances, forex fluctuations.

Reconcile imports with customs duty payments, and vendor payments in foreign currency.

Ensure compliance with Customs Act, FEMA, and RBI guidelines.

4. Export Accounting & Documentation

Record export sales with appropriate shipping bills, LUTs/Bond under GST, and incentives (MEIS/RODTEP).

Handle foreign currency realization, coordinate with banks for BRC (Bank Realization Certificate).

Maintain export-related books, track FOB value, duty drawback, RODTEP, and GST refund claims.

5. GST, TDS, and Statutory Compliance

File GSTR-1, GSTR-3B, GSTR-9, and reconcile with GSTR-2A/2B.

Manage GST input on imports (IGST on BOE) and reverse charge mechanism where applicable.

Ensure TDS/TCS compliance, file returns (24Q, 26Q), and generate Form 16/16A.

Coordinate for Statutory Audit, GST Audit, Tax Audit, Transfer Pricing (if applicable).

6. Inventory & Fixed Asset Management

Track stock: raw materials, WIP, finished goods, reconcile physical stock with books.

Implement inventory valuation: FIFO/Weighted Average based on cost accounting.

Maintain fixed asset register, depreciation accounting (Company Law & Income Tax), and asset tagging.

7. Banking, Treasury & Forex Management

Monitor bank accounts, forex remittances, forward contracts, and foreign payments.

Handle vendor payments, repatriation of funds, and ensure compliance under FEMA.

Manage working capital, cash flow forecasting, and bank reconciliation.

8. Coordination with Departments & Consultants

Liaise with purchase, sales, production, logistics, and warehouse teams.

Coordinate with custom brokers, DGFT consultants, CAs, and legal advisors.

Support management with MIS reports, cost control suggestions, and strategic planning.

🧾 Documentation & Compliance Involvement:

Bill of Entry, Shipping Bills, Invoices, LUTs, IEC documents

DGFT Applications (Advance License, EPCG if applicable)

FEMA compliance for import/export payments

GST Refund applications (inverted duty, export with payment of tax)

Audit documentation for Statutory, GST, and Internal Audits