Senior Accountant – Job DescriptionJob Summary

Responsible for managing and overseeing day-to-day accounting operations, financial reporting, taxation, statutory compliance, reconciliations, audit coordination, and financial analysis while ensuring accuracy, completeness, and timely reporting in accordance with applicable accounting standards and statutory requirements.

Key Responsibilities

- Manage complete accounting and finance operations of the organization.
- Prepare and review monthly, quarterly, and annual financial reports.
- Prepare and review Profit & Loss Account (P&L;).
- Prepare and review Balance Sheet.
- Prepare and review Cash Flow Statement.
- Monitor revenue, expenses, assets, liabilities, provisions, and accruals.
- Perform monthly, quarterly, and yearly financial closing activities.
- Review financial information for accuracy, completeness, and consistency.
- Prepare financial analysis and reports for management.
- Analyze actual financial performance against budget and previous periods.
- Identify and investigate unusual financial fluctuations and discrepancies.
- Prepare and review Balance Sheet schedules.
- Monitor current assets and current liabilities.
- Monitor capital, reserves, provisions, receivables, payables, advances, deposits, loans, and other financial balances.
- Perform regular Balance Sheet reconciliations.
- Review aged and outstanding balances and coordinate for timely resolution.
- Maintain supporting schedules for major Balance Sheet items.
- Ensure proper classification and presentation of financial information.
- Prepare and review monthly P&L; statements.
- Analyze revenue, operating expenses, administrative expenses, finance costs, and other income or expenses.
- Conduct monthly and quarterly variance analysis.
- Compare actual performance with budget and previous periods.
- Analyze profitability, margins, and major cost variations.
- Prepare management reports related to financial performance.
- Prepare and review Cash Flow Statements.
- Monitor operating, investing, and financing cash flows.
- Monitor cash inflows and cash outflows.
- Prepare cash flow forecasts and projections.
- Monitor liquidity and working capital requirements.
- Track expected receipts and payments.
- Analyze cash flow variances.
- Coordinate with management regarding fund requirements.
- Maintain and review Fixed Asset Register.
- Calculate and review depreciation as per applicable accounting standards and company policies.
- Ensure appropriate depreciation rates and helpful lives are applied.
- Monitor fixed asset additions, disposals, transfers, and impairment.
- Reconcile fixed asset records with financial records.
- Coordinate physical verification of fixed assets.
- Prepare fixed asset and depreciation schedules for audit and reporting.
- Handle complete TDS compliance.
- Review applicability of TDS on various transactions.
- Identify applicable TDS sections and rates.
- Monitor TDS deductions and payments.
- Prepare and file quarterly TDS returns within statutory due dates.
- Verify TDS return data before filing.
- Generate and verify TDS certificates.
- Reconcile TDS balances with books and government records.
- Monitor TDS defaults, mismatches, demands, and notices.
- Handle TDS corrections and related compliance matters.
- Monitor changes in TDS provisions, rates, thresholds, and rules.
- Handle GST compliance and reporting requirements.
- Review GST applicability and applicable tax rates.
- Coordinate preparation and filing of GST returns.
- Review outward and inward supply information.
- Perform Input Tax Credit reconciliation.
- Review eligible, ineligible, and blocked Input Tax Credit.
- Reconcile financial records with GST returns and portal data.
- Monitor GST payable and receivable balances.
- Coordinate GST payments within statutory due dates.
- Handle GST notices, queries, reconciliations, and departmental correspondence.
- Monitor changes in GST laws, notifications, circulars, and amendments.
- Coordinate income tax compliance and related reporting requirements.
- Assist in computation of taxable income and tax liabilities.
- Monitor advance tax and self-assessment tax requirements.




- Coordinate income tax return preparation and filing.
- Maintain income tax schedules and supporting documentation.
- Coordinate with tax consultants regarding income tax matters.
- Handle income tax notices, queries, and assessment-related requirements.
- Monitor changes in applicable Income Tax laws and regulations.
- Maintain statutory compliance calendar.
- Monitor all applicable statutory due dates.
- Ensure timely statutory filings and payments.
- Maintain evidence and documentation of statutory compliance.
- Monitor changes in applicable laws, rules, notifications, circulars, and regulations.
- Coordinate with statutory consultants and professional advisors.
- Prepare and review Bank Reconciliation Statements.
- Review bank statements and identify discrepancies.
- Investigate and resolve unreconciled bank items.
- Monitor bank balances and liquidity position.
- Monitor bank charges, interest, and other banking-related matters.
- Coordinate with banks regarding finance and account-related requirements.
- Monitor customer receivables and outstanding balances.
- Prepare customer ageing reports.
- Monitor overdue receivables and follow up for collections.
- Reconcile customer accounts and resolve discrepancies.
- Monitor customer credit periods and payment terms.
- Prepare receivable reports for management.
- Monitor vendor payables and outstanding balances.
- Prepare vendor ageing reports.
- Reconcile vendor accounts and vendor statements.
- Resolve vendor balance discrepancies.
- Monitor payment due dates and vendor payment terms.
- Coordinate with purchase and procurement departments.
- Perform bank, customer, vendor, GST, TDS, loan, advance, deposit, inter-company, and Balance Sheet reconciliations.
- Investigate reconciliation differences and ensure timely resolution.
- Maintain reconciliation statements and supporting documents.
- Coordinate statutory, internal, tax, and financial audits.
- Prepare audit schedules and supporting documents.
- Provide required financial information and documents to auditors.
- Respond to audit queries and observations.
- Coordinate with auditors for timely completion of audit.
- Track audit observations and ensure timely closure.
- Maintain proper audit documentation and supporting records.
- Assist in preparation of annual financial statements and audit schedules.
- Coordinate month-end closing activities.
- Coordinate quarter-end closing activities.
- Coordinate year-end closing activities.
- Review provisions, accruals, depreciation, prepaid expenses, receivables, payables, and other closing schedules.
- Complete reconciliations before monthly and annual closing.
- Coordinate year-end audit requirements.
- Assist in preparation of annual financial statements.
- Assist in preparation of annual budgets.
- Prepare revenue and expense forecasts.
- Prepare cash flow forecasts.
- Monitor actual performance against budget.
- Prepare budget-versus-actual reports.
- Analyze budget variances and major cost deviations.
- Support management in financial planning and forecasting.
- Prepare monthly MIS reports.
- Prepare financial performance reports.
- Prepare P&L; analysis reports.
- Prepare Balance Sheet analysis reports.
- Prepare Cash Flow reports.
- Prepare receivable and payable ageing reports.
- Prepare expense and revenue analysis.
- Prepare working capital reports.
- Prepare management dashboards and financial summaries.
- Provide accurate financial information to senior management.
- Monitor internal financial controls.
- Review finance and accounting processes.
- Identify control weaknesses and recommend improvements.
- Monitor authorization and approval procedures.
- Ensure proper supporting documentation for financial activities.
- Monitor compliance with company financial policies.




- Strengthen internal financial control systems.
- Monitor working capital position.
- Analyze receivables, payables, inventory, and cash balances.
- Monitor collection and payment cycles.
- Prepare working capital analysis.
- Support improvement in cash flow and working capital management.
- Coordinate with inventory and warehouse teams.
- Review stock reports and inventory valuation information.
- Reconcile inventory records with financial records.
- Coordinate physical stock verification.
- Monitor stock discrepancies, slow-moving stock, and obsolete inventory.
- Support inventory-related audit requirements.
- Maintain loan and borrowing schedules.
- Monitor loan outstanding balances.
- Monitor principal repayment schedules.
- Monitor interest obligations.
- Monitor loan maturity dates.
- Reconcile loan balances with lender statements.
- Prepare loan and interest schedules for reporting and audit.
- Coordinate with banks and financial institutions.
- Coordinate payroll-related financial information.
- Review payroll summaries and employee statutory deductions.
- Coordinate employee TDS compliance.
- Monitor employee tax-related requirements.
- Reconcile employee advances and reimbursements.
- Support payroll-related audit and compliance requirements.
- Manage finance-related activities in ERP/accounting software.
- Review financial data maintained in ERP systems.
- Generate financial and MIS reports from ERP.
- Monitor accuracy and completeness of financial data.
- Coordinate ERP-related finance issues with IT and ERP teams.
- Support ERP implementation, upgrades, and process improvements.
- Analyze profitability and financial performance.
- Analyze revenue and expense trends.
- Analyze gross margin and operating margin.
- Analyze cash flow and working capital.
- Analyze receivable and payable trends.
- Analyze budget variances.
- Prepare financial analysis for management decision-making.
- Supervise junior accountants and accounting staff.
- Allocate work among finance team members.
- Review work performed by accounting staff.
- Review reconciliations and financial reports prepared by the team.
- Train and guide junior finance team members.
- Monitor team performance and work deadlines.
- Resolve accounting and finance-related issues within the team.
- Coordinate with vendors regarding outstanding balances and financial matters.
- Coordinate with customers regarding receivables and account reconciliation.
- Obtain and verify vendor and customer statements.
- Resolve customer and vendor financial discrepancies.
- Coordinate with purchase, sales, HR, operations, administration, and other departments.
- Provide financial information and reports to management.
- Highlight major financial variances and compliance issues.
- Highlight overdue receivables and significant payables.
- Highlight cash flow and working capital requirements.
- Review existing finance processes and identify process gaps.
- Recommend improvements in accounting, reporting, reconciliation, and compliance processes.
- Improve financial reporting accuracy and efficiency.
- Standardize finance reports and reconciliation procedures.
- Automate repetitive reporting activities wherever possible.
- Maintain financial records and statutory records.
- Maintain tax records and audit documentation.
- Maintain TDS, GST, Income Tax, fixed asset, loan, and reconciliation records.
- Maintain proper supporting documents for financial and statutory requirements.
- Ensure financial information remains confidential and secure.
- Ensure timely completion of all finance and compliance activities.
- Maintain professional coordination with auditors, tax consultants, banks, vendors, customers, and statutory authorities.
- Stay updated with applicable accounting standards, taxation laws, GST, TDS, Income Tax, and statutory regulations.
- Ensure compliance with company policies and applicable laws.
- Perform other finance, accounting, reporting, taxation, compliance, audit, and management responsibilities assigned by senior management.

Pay: ₹60,000.00 - ₹70,000.00 per month

Benefits

- Cell phone reimbursement
- Health insurance
- Provident Fund

Work Location: In person

📌 Senior Accountant (Pitam Pura)
🏢 Asha Ram And Sons
📍 Pitam Pura