Account Executive (Accounting)

Company Description

EIFD, based in Sanand, Gujarat, is a leading "Make in India" connector manufacturing company dedicated to advancing electronic connectivity. With a focus on precision, reliability, and world-class manufacturing standards, EIFD develops high-quality connectors enabling OEMs to deliver dependable and innovative products. Our vision centers on fostering India's domestic manufacturing ecosystem by reducing import dependency and creating globally competitive connector solutions. At EIFD, we are committed to engineering excellence and building scalable connectivity solutions to support India's industrial growth for the next century.

Role Description

We are seeking a detail-oriented and organized Accountant to join our team. The accountant will manage financial records, prepare accurate reports, ensure compliance with regulations, and support strategic financial decisions. This role requires strong analytical skills, proficiency in accounting software, and a commitment to maintaining financial accuracy. 

Reporting

To Technical Director

Qualifications

· Bachelor’s degree in accounting, Finance, or related field

· Comprehensive knowledge of accounting principles, financial reporting, and budgeting

Experience

· 2 to 6 years of experience in accounting or a related financial role. 

· Prior experience in manufacturing or industrial sectors is a plus

· Proficiency in accounting software (Tally ERP 9 and SAP B1). 

· Experience in tax compliance, auditing, and regulatory reporting

· Strong analytical thinking, problem-solving, and attention to detail

· Excellent organizational, time management, and communication skills

Skills

· Financial Reporting

· Cost Accounting

· Budgeting

· Variance Analysis

· Regulatory Compliance

· ERP Systems

· Microsoft Excel

· Analytical Thinking

· Attention to Detail

· Communication Skills

Roles and Responsibilities

Financial Record Keeping 

· Maintain accurate and up-to-date records of all financial transactions. 

· Track income, expenses, assets, and liabilities using accounting software or ledgers. 

· Ensure records align with industry standards and regulations. 

Preparing Financial Statements 

· Create balance sheets, income statements, and cash flow statements. 

· Summarize financial data to show the organization’s performance and position. 

· Present reports to stakeholders, such as management or investors. 

Budgeting and Forecasting 

· Develop budgets to guide spending and resource allocation. 

· Forecast future financial trends based on historical data and market conditions. 

· Help organizations plan for growth or manage financial risks. 

Tax Planning and Filing 

· Prepare and file tax returns accurately and on time. 

· Advise on tax-saving strategies and deductions to minimize liabilities. 

· Stay updated on changing tax laws to ensure compliance. 

Auditing and Compliance 

· Conduct internal audits to verify the accuracy of financial records. 

· Ensure compliance with financial regulations and standards (e.g., GAAP, IFRS). 

· Prepare for external audits by regulatory bodies or third parties. 

Managing Accounts Payable and Receivable 

· Oversee payments to suppliers and vendors (accounts payable). 

· Track and collect payments from clients or customers (accounts receivable). 

· Ensure timely transactions to maintain cash flow and vendor relationships. 

Payroll Processing 

· Ensure timely and accurate payroll disbursements. 

· Comply with payroll tax regulations and reporting requirements. 

Financial Analysis for Decision Making 

· Analyze financial data to identify trends, risks, and opportunities. 

· Provide insights to support strategic decisions, such as investments or expansions. 

· Create reports to guide management on financial performance. 

Ensuring Regulatory Compliance 

· Monitor adherence to financial laws, standards, and policies. 

· Implement internal controls to prevent fraud or errors. 

· Liaise with regulatory bodies during inspections or audits. 

Advising on Cost Reduction Strategies 

· Identify areas to reduce expenses without compromising quality. 

· Analyze operational costs and suggest efficiencies, like streamlining processes. 

· Collaborate with management to implement cost-saving measures.