Role & responsibilities

1. Accounting & Finalization of Accounts

- Manage and supervise day-to-day accounting operations across all branches.
- Take complete responsibility for monthly, quarterly, and annual finalization of accounts.
- Prepare and review Trial Balance, Profit & Loss Account, Balance Sheet, and related schedules.
- Ensure proper accounting of provisions, accruals, depreciation, prepaid expenses, outstanding expenses, and other closing entries.
- Conduct detailed ledger scrutiny and ensure timely rectification of accounting errors and incorrect classifications.
- Ensure books of accounts are accurate, complete, properly documented, and maintained as per applicable accounting standards.

1. Reconciliations & Ledger Control

- Ensure timely reconciliation of bank accounts, cash balances, vendor ledgers, customer ledgers, and general ledgers.
- Monitor and reconcile inter-branch and inter-company transactions.
- Review outstanding balances and ensure old or unreconciled entries are investigated and resolved.
- Ensure all accounting entries are supported by proper documentation and approvals.

1. GST, TDS & Statutory Compliance

- Manage GST compliance, including GSTR-1, GSTR-3B, GSTR-2B reconciliation, Input Tax Credit verification, and vendor mismatches.
- Oversee TDS calculations, deductions, payments, reconciliations, and return filings.
- Ensure timely completion of applicable Income Tax and other statutory compliances.
- Coordinate with tax consultants and authorities for assessments, notices, queries, and statutory matters.
- Keep track of compliance deadlines and ensure there are no delays or penalties due to the Accounts Department.

1. Inventory Accounting & Control

- Ensure accurate accounting and reconciliation of gold, diamond, silver, and other inventory.
- Reconcile inventory between ERP records, accounting records, and physical stock.
- Monitor purchases, sales, stock transfers, returns, adjustments, and other inventory movements.
- Review stock valuation and ensure correct accounting treatment.
- Identify and resolve negative stock, stock mismatches, incorrect entries, and other inventory discrepancies.
- Coordinate with stores, inventory teams,



and auditors for physical stock verification and stock audits.

1. Banking, Payments & Cash Flow

- Monitor daily bank balances, cash position, and fund requirements across the business.
- Plan and manage vendor payments and other financial obligations.
- Monitor receivables and ensure timely follow-up of outstanding amounts.
- Coordinate with banks for day-to-day banking operations, documentation, working capital facilities, and other requirements.
- Ensure proper authorization and documentation of payments and banking transactions.
- Assist management in effective cash flow and working capital management.

1. MIS & Management Reporting

- Prepare timely and accurate MIS reports for management.
- Prepare and analyze branch-wise and company-level financial performance.
- Monitor sales, gross margins, expenses, profitability, cash flow, and other key financial indicators.
- Prepare budget versus actual and period-on-period variance analysis.
- Highlight significant financial deviations, risks, and areas requiring management attention.
- Provide financial data and analysis to support management decision-making.

1. Audit & Internal Controls

- Coordinate and support statutory audits, tax audits, internal audits, and stock audits.
- Prepare audit schedules, reconciliations, supporting documents, and information required by auditors.
- Ensure timely closure of audit observations and queries.
- Develop and strengthen internal financial controls, approval processes, and accounting SOPs.
- Identify control weaknesses, accounting risks, and process gaps and recommend corrective actions.

1. Team Management & Department Operations

- Lead, supervise, and guide the accounts team across branches.
- Allocate responsibilities and establish clear timelines and accountability for team members.




- Review the work performed by the accounts team and ensure accuracy and timely completion.
- Train and develop team members to improve accounting knowledge and process efficiency.
- Coordinate with Sales, Purchase, Inventory, HR, and other departments for accounting and financial requirements.
- Maintain high standards of discipline, confidentiality, accuracy, and accountability within the Accounts Department.

Preferred candidate profile Preferred Candidate Profile Accounts Manager

- Minimum 6 years of relevant experience in accounting, finance, taxation, and finalization of accounts.
- Graduate or postgraduate qualification in Commerce, Finance, Accounting, or a related field.
- Strong hands-on experience in monthly, quarterly, and annual finalization of accounts.
- Sound knowledge of GST, TDS, Income Tax, statutory compliance, and financial reporting.
- Robust understanding of Trial Balance, Profit & Loss Account, Balance Sheet, ledger scrutiny, provisions, accruals, and reconciliations.
- Experience in handling inventory accounting, stock reconciliation, stock valuation, and inventory-related accounting controls.
- Prior experience in jewellery, retail, manufacturing, or another inventory-intensive business will be preferred.
- Experience in managing accounts for a multi-branch or multi-location business will be an advantage.
- Hands-on experience with ERP systems and accounting software.
- Good working knowledge of Microsoft Excel and preparation of MIS reports.
- Ability to independently handle audits, statutory requirements, reconciliations, banking, and management reporting.
- Strong analytical and problem-solving skills with the ability to identify accounting discrepancies and control gaps.
- Experience in supervising and managing an accounts team.
- Ability to coordinate effectively with auditors, tax consultants, banks, vendors, stores, and internal departments.
- Strong attention to detail with a high level of accuracy and process discipline.
- High level of integrity, confidentiality, ownership, and accountability.
- Candidate should be capable of independently managing the Accounts Department and ensuring timely completion of all accounting and compliance activities.

📌 Walk-in || Accounts And Finance Manager (Indore)
🏢 Punjab Jewels
📍 Indore