Senior Accountant

A Senior Accountant is a mid-to-senior level finance professional responsible for managing financial records, ensuring compliance, and supporting strategic decision-making. Here’s a clear breakdown of the job description: Here’s a Senior Accountant job description tailored specifically for a jewellery shop (retail/wholesale jewellery business): 📌 Senior Accountant – Jewellery Shop 🔹 Role Overview A Senior Accountant in a jewellery business manages financial operations with a strong focus on inventory control (gold, silver, diamonds), costing, and regulatory compliance. The role requires precision due to high-value stock and fluctuating metal prices. 🧾 Key Responsibilities 💰 Financial Accounting & Reporting Prepare daily, monthly, and yearly financial statements Track sales, purchases, and profit margins on jewellery items Maintain accurate books of accounts 📦 Inventory & Stock Management Handle accounting for gold, silver, diamond, and gemstone inventory Monitor stock movement (purchase, sale, wastage, making charges) Perform regular stock reconciliation with physical inventory Track purity (karat), weight, and valuation 🧮 Costing & Pricing Calculate product cost including: Gold rate (daily fluctuation) Making charges Wastage and polishing Support pricing decisions and margin analysis 🧾 GST & Tax Compliance (India-specific) Manage GST filings (GSTR-1, GSTR-3B, etc.) Ensure proper invoicing with HSN codes for jewellery Handle TDS, income tax compliance Coordinate with auditors and tax consultants 🏦 Cash & Banking Operations Monitor high-value cash transactions Reconcile bank statements and cash books Handle POS and digital payments tracking 📊 Audit & Internal Controls Assist in internal and statutory audits Ensure compliance with financial regulations Maintain proper documentation for high-value transactions 👥 Team Supervision Oversee junior accountants and billing staff Ensure accuracy in billing, tagging, and stock entries 🎓 Qualifications & Skills ✅ Education B.Com / M.Com (mandatory) CA Inter / CMA / CA preferred ✅ Experience 5–10 years in accounting, preferably in jewellery/retail industry ✅ Key Skills Strong knowledge of jewellery inventory accounting Experience with software like Tally (with inventory) or jewellery ERP Understanding of gold rate fluctuations and valuation GST expertise (especially for bullion/jewellery trade) High attention to detail and integrity ⚙️ Special Requirements (Jewellery Industry) Ability to work with weight-based inventory (grams, carats) Knowledge of hallmarking and purity standards (BIS) Handling old gold exchange entries Managing customer advances and custom orders 📈 Career Growth Accounts Manager (Jewellery Chain) Finance Head (Retail Business) Independent Consultant for jewellery firms.