Job Description Job Summary
n The Finance & Accounting Senior Associate is responsible for managing day-to-day accounting operations, financial reporting, statutory compliance, budgeting support, accounts payable and receivable, payroll coordination, and ensuring accurate financial records in compliance with company policies and applicable regulations.
n Key Responsibilities
n Financial Accounting
n n Maintain accurate books of accounts in accordance with accounting standards.
n Record and verify journal entries, invoices, receipts, and payments.
n Prepare monthly, quarterly, and annual financial statements.
n Perform general ledger reconciliations and account analysis.
n n Accounts Payable & Receivable
n n Process vendor invoices and employee reimbursements.
n Monitor customer collections and follow up on outstanding receivables.
n Reconcile vendor and customer accounts.
n Ensure timely payments while maintaining healthy cash flow.
n n Banking & Cash Management
n n Prepare bank reconciliations.
n Monitor daily cash position and fund requirements.
n Process online banking transactions and maintain banking records.
n n Taxation & Statutory Compliance
n n Prepare and file GST returns.
n Ensure compliance with TDS, Income Tax, PF, ESI, Professional Tax, and other statutory requirements.
n Coordinate with auditors, tax consultants, and regulatory authorities during audits and assessments.
n n Budgeting & Financial Analysis
n n Assist in annual budgeting and forecasting.
n Analyze budget variances and prepare management reports.
n Support financial planning and cost optimization initiatives.
n n Payroll Support
n n Coordinate payroll processing with HR.
n Verify payroll inputs, deductions, reimbursements, and statutory contributions.
n n Audit & Compliance
n n Assist internal and external auditors.




n Maintain proper documentation for audit purposes.
n Ensure adherence to internal financial controls and company policies.
n n MIS Reporting
n n Prepare weekly and monthly MIS reports for management.
n Develop financial dashboards and performance reports.
n Provide analytical support for business decision-making.
n n Process Improvement
n n Identify opportunities to improve accounting processes.
n Support ERP implementation and finance automation initiatives.
n Recommend cost-saving measures and improve operational efficiency.
n n Qualifications
n n Bachelor's degree in Commerce (B.Com), Finance, or Accounting.
n CA Inter, CMA, MBA (Finance), or equivalent qualification is preferred.
n 4–7 years of experience in Finance & Accounting.
n Experience with ERP systems such as SAP, Oracle, Tally Prime, Zoho Books, or Microsoft Dynamics is preferred.
n n Required Skills
n n Strong knowledge of accounting principles and financial reporting.
n GST, TDS, Income Tax, and statutory compliance knowledge.
n Advanced Microsoft Excel (Pivot Tables, VLOOKUP/XLOOKUP, Power Query preferred).
n Financial analysis and budgeting skills.
n ERP and accounting software proficiency.
n Excellent analytical and problem-solving abilities.
n Solid communication and interpersonal skills.
n High attention to detail and accuracy.
n Ability to work under tight deadlines.
n n Key Performance Indicators (KPIs)
n n Timely month-end and year-end financial closing.
n Accuracy of financial reports.
n Timely statutory compliance with zero penalties.
n Accounts payable and receivable turnaround time.
n Bank reconciliation completion within defined timelines.
n Audit observations and compliance score.
n Budget variance analysis accuracy.
n Process improvement and automation initiatives implemented.
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📌 Financial Accounting Specialist (Machilipatnam)
🏢 Red Balloon Aerospace
📍 Machilipatnam