Job Description

Job Summary

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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.

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Key Responsibilities

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Financial Accounting

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- Maintain accurate books of accounts in accordance with accounting standards.
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- Record and verify journal entries, invoices, receipts, and payments.
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- Prepare monthly, quarterly, and annual financial statements.
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- Perform general ledger reconciliations and account analysis.
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Accounts Payable & Receivable

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- Process vendor invoices and employee reimbursements.
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- Monitor customer collections and follow up on outstanding receivables.
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- Reconcile vendor and customer accounts.
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- Ensure timely payments while maintaining healthy cash flow.
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Banking & Cash Management

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- Prepare bank reconciliations.
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- Monitor daily cash position and fund requirements.
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- Process online banking transactions and maintain banking records.
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Taxation & Statutory Compliance

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- Prepare and file GST returns.
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- Ensure compliance with TDS, Income Tax, PF, ESI, Qualified Tax, and other statutory requirements.
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- Coordinate with auditors, tax consultants, and regulatory authorities during audits and assessments.
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Budgeting & Financial Analysis

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- Assist in annual budgeting and forecasting.
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- Analyze budget variances and prepare management reports.
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- Support financial planning and cost optimization initiatives.
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Payroll Support

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- Coordinate payroll processing with HR.
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- Verify payroll inputs, deductions, reimbursements, and statutory contributions.
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Audit & Compliance

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- Assist internal and external auditors.




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- Maintain proper documentation for audit purposes.
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- Ensure adherence to internal financial controls and company policies.
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MIS Reporting

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- Prepare weekly and monthly MIS reports for management.
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- Develop financial dashboards and performance reports.
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- Provide analytical support for business decision-making.
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Process Improvement

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- Identify opportunities to improve accounting processes.
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- Support ERP implementation and finance automation initiatives.
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- Recommend cost-saving measures and improve operational efficiency.
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Qualifications

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- Bachelor's degree in Commerce (B.Com), Finance, or Accounting.
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- CA Inter, CMA, MBA (Finance), or equivalent qualification is preferred.
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- 4–7 years of experience in Finance & Accounting.
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- Experience with ERP systems such as SAP, Oracle, Tally Prime, Zoho Books, or Microsoft Dynamics is preferred.
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Required Skills

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- Strong knowledge of accounting principles and financial reporting.
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- GST, TDS, Income Tax, and statutory compliance knowledge.
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- Advanced Microsoft Excel (Pivot Tables, VLOOKUP/XLOOKUP, Power Query preferred).
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- Financial analysis and budgeting skills.
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- ERP and accounting software proficiency.
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- Excellent analytical and problem-solving abilities.
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- Strong communication and interpersonal skills.
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- High attention to detail and accuracy.
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- Ability to work under tight deadlines.
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Key Performance Indicators (KPIs)

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- Timely month-end and year-end financial closing.
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- Accuracy of financial reports.
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- Timely statutory compliance with zero penalties.
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- Accounts payable and receivable turnaround time.
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- Bank reconciliation completion within defined timelines.
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- Audit observations and compliance score.
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- Budget variance analysis accuracy.
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- Process improvement and automation initiatives implemented.
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📌 Financial Accounting Specialist (Vijayawada)
🏢 Red Balloon Aerospace
📍 Vijayawada