Job Description – Senior Accountant

Position: Senior AccountantDepartment: Finance & AccountsLocation: Mohali, PunjabEmployment Type: Full-TimeReporting To: Management / Director

About the Role

We are looking for an experienced Senior Accountant with comprehensive knowledge of Indian accounting practices, taxation, statutory compliance, financial reporting, and finalization of accounts.

The candidate will be responsible for independently managing day-to-day accounting operations, GST and TDS compliance, ESIC and EPFO matters, balance sheet preparation, reconciliations, and financial reporting. The ideal candidate should have practical experience handling complete accounts independently and coordinating with external Chartered Accountants, auditors, and statutory authorities.

Key Responsibilities

1. Complete Accounting Operations

- Independently manage the company’s day-to-day accounting and bookkeeping.
- Record and review purchase, sales, receipt, payment, journal, and adjustment entries.
- Maintain general ledgers, cash books, bank books, and subsidiary ledgers.
- Perform bank, customer, vendor, and inter-account reconciliations.
- Ensure accurate accounting treatment in accordance with applicable Indian accounting principles.
- Manage month-end and year-end closing activities.

2. GST Compliance

- Handle GST compliance, including GSTR-1, GSTR-3B, and related reconciliations.
- Reconcile GSTR-2B with the purchase register and identify ITC discrepancies.
- Verify GST invoices, GSTINs, HSN/SAC codes, tax rates, and input tax credit eligibility.
- Monitor GST payments, credit notes, debit notes, and adjustments.
- Maintain GST records and coordinate with consultants for notices, assessments, and other compliance matters.

3. TDS & Income Tax

- Calculate, deduct, deposit, and reconcile TDS under applicable provisions.
- Prepare and coordinate filing of quarterly TDS returns.
- Verify TDS applicability on contractor payments, professional fees, rent, salaries, and other relevant transactions.
- Reconcile TDS balances with books of accounts and tax records.
- Assist with advance tax calculations, income tax documentation, and related compliance.
- Coordinate with the Chartered Accountant for income tax returns, tax audits, and assessments.

4. ESIC & EPFO Compliance

- Handle monthly ESIC and EPFO calculations, contributions, and compliance.
- Ensure timely preparation and submission of applicable returns and payments.




- Reconcile payroll records with PF and ESI contributions.
- Maintain employee contribution records and statutory documentation.
- Coordinate employee additions, exits, corrections, and other statutory updates.
- Coordinate with HR and external consultants to resolve compliance discrepancies.

5. Balance Sheet & Financial Statements

- Prepare and finalize balance sheets, profit and loss statements, and trial balances.
- Prepare schedules for fixed assets, depreciation, creditors, debtors, inventory, loans, and other balance sheet items.
- Pass year-end adjustment entries, provisions, accruals, and depreciation entries.
- Ensure ledger balances are properly reconciled and supported by documentation.
- Assist in preparing cash flow statements and other financial reports.
- Coordinate with external Chartered Accountants for finalization of accounts and statutory audits.

6. Payroll & Statutory Deductions

- Verify payroll calculations and accounting entries.
- Coordinate salary, bonus, incentive, reimbursement, and statutory deduction accounting.
- Reconcile payroll expenses with bank payments and statutory liabilities.
- Ensure proper accounting and documentation for employee-related expenses.

7. Accounts Payable & Receivable

- Monitor customer outstanding balances and vendor payment schedules.
- Review invoices and supporting documents before payment processing.
- Maintain accurate debtor and creditor ageing reports.
- Investigate and resolve ledger discrepancies.
- Support working capital monitoring and cash flow planning.

8. Costing & Inventory Accounting

- Maintain accurate inventory accounting and stock valuation records.
- Reconcile physical stock with accounting and inventory records.
- Monitor raw material, work-in-progress, and finished goods balances where applicable.
- Assist in product costing, expense allocation, and manufacturing cost analysis.
- Investigate stock and consumption discrepancies.

9. Audit & Internal Controls

- Prepare records and schedules for statutory, internal, and tax audits.
- Coordinate with auditors and external Chartered Accountants.




- Maintain proper supporting documents for accounting transactions.
- Identify accounting errors and recommend corrective actions.
- Ensure compliance with applicable statutory requirements and internal financial controls.

10. Accounting Software & MIS

- Work confidently with Tally Prime or other accounting ERP software.
- Maintain accurate and organized digital accounting records.
- Prepare monthly MIS reports, expense analysis, outstanding reports, and financial summaries.
- Use MS Excel for reconciliations, calculations, and reporting.
- Provide accurate financial information to management for decision-making.

Required Qualifications & Skills

- B.Com / M.Com preferred; CA Inter qualification is an advantage.
- 3–7 years of relevant accounting experience preferred.
- Comprehensive knowledge of Indian accounting practices.
- Practical experience in GST, TDS, ESIC, and EPFO compliance.
- Ability to independently prepare balance sheets and profit and loss statements.
- Strong knowledge of bank reconciliation, ledger scrutiny, and financial closing.
- Proficiency in Tally Prime and MS Excel.
- Valuable understanding of payroll accounting, statutory deductions, and audit documentation.
- Strong analytical, organizational, and problem-solving skills.
- Ability to work independently and maintain confidentiality.

Preferred Experience

- Experience in a manufacturing, trading, or export-oriented company.
- Experience handling complete accounts independently.
- Knowledge of inventory valuation and manufacturing cost accounting.
- Experience coordinating with auditors, tax consultants, and statutory authorities.
- Familiarity with accounting ERP systems.

Key Performance Expectations

- Accurate and timely maintenance of complete books of accounts.
- Timely GST, TDS, ESIC, and EPFO compliance.
- Accurate balance sheet and profit and loss statement preparation.
- Timely completion of monthly and annual closing.
- Proper reconciliation of all major ledger balances.
- Accurate financial reporting and documentation.
- Minimum accounting discrepancies and compliance delays.

Salary

Salary: As per experience, qualifications, technical knowledge, and overall suitability for the role.Location: Mohali, Punjab.

Pay: ₹25,000.00 - ₹50,000.00 per month

Benefits:

- Cell phone reimbursement
- Health insurance
- Life insurance
- Paid time off
- Provident Fund

Work Location: In person

📌 Senior Accountant (Sahibzada Ajit Singh Nagar)
🏢 PSI Industries
📍 Sahibzada Ajit Singh Nagar