About SomaniPly

SomaniPly is a manufacturer, exporter and domestic supplier of plywood and engineered wood products, with a focus on quality, customer satisfaction and responsible manufacturing. Its product portfolio includes plywood, MDF boards, blockboards, HDF/HDHMR and specialty plywood products.

Job Summary

We are looking for an experienced and detail-oriented Senior Accountant to manage the company's accounting operations, GST compliance, statutory filings, finalisation of accounts, banking activities and coordination with external auditors.

The ideal candidate should have strong knowledge of Indian accounting practices and taxation, hands-on experience in GST returns and reconciliations, and the ability to independently manage accounting activities for a manufacturing and trading business.

Key Responsibilities

1. Accounting and Finalisation of Accounts

- Maintain accurate books of accounts, including general ledger, journal entries, purchase, sales, receipts and payments.
- Independently handle monthly, quarterly and annual closing activities.
- Prepare trial balance, profit and loss account, balance sheet and supporting schedules.
- Perform bank, vendor, customer, ledger and intercompany reconciliations, wherever applicable.
- Ensure proper accounting of expenses, provisions, accruals, depreciation and fixed assets.
- Assist in preparing financial statements and management reports.

2. GST and Tax Compliance

- Independently prepare, review and file GST returns, including GSTR-1 and GSTR-3B, as applicable.
- Reconcile purchase registers with GSTR-2B and ensure appropriate input tax credit (ITC) claims.
- Reconcile sales, e-invoices, e-way bills and GST records wherever applicable.
- Monitor GST payments, notices, mismatches and pending compliance matters.
- Coordinate with tax consultants on GST assessments, departmental queries and other indirect tax matters.
- Support TDS calculations, deductions, payments, returns and reconciliation, as applicable.
- Maintain tax records and ensure timely completion of statutory compliances.

3. Audit and Statutory Compliance

- Coordinate with statutory auditors, tax auditors and internal auditors.
- Prepare audit schedules, ledger extracts, reconciliations, supporting documents and other required records.
- Respond to audit queries and ensure timely closure of observations.




- Assist in the preparation and finalisation of annual financial statements.
- Track audit observations and ensure corrective actions are completed.
- Maintain accounting documentation and records for statutory and regulatory requirements.

4. Banking and Treasury Coordination

- Coordinate with banks regarding routine banking transactions and account-related matters.
- Handle bank reconciliations and monitor outstanding entries.
- Coordinate documentation for working capital facilities, cash credit, overdrafts, bank guarantees and letters of credit, wherever applicable.
- Track loan repayments, interest entries, bank charges and other financing costs.
- Assist management with cash flow monitoring, fund requirements and payment planning.
- Coordinate with banks for statements, confirmations, renewal documentation and audit requirements.

5. Manufacturing and Inventory Accounting

- Maintain accounting records relating to raw materials, purchases, finished goods and inventory.
- Coordinate with purchase, stores, production and sales teams to reconcile stock and accounting records.
- Assist in monitoring inventory valuation, stock adjustments and physical stock verification.
- Review accounting for manufacturing expenses, freight, job work, wastage and other production-related costs, as applicable.
- Support the reconciliation of stock records with the general ledger.
- Help identify unusual variances, incorrect entries and potential financial discrepancies.

6. Accounts Payable, Receivable and Financial Controls

- Monitor supplier payments, customer receipts, outstanding balances and ageing reports.
- Verify invoices, debit notes, credit notes and supporting documents before processing.
- Follow up on overdue customer payments in coordination with the sales team.
- Ensure payments are processed with appropriate approvals and supporting documentation.
- Maintain accurate financial records and support internal financial controls.




- Identify opportunities to improve accounting accuracy, reporting and process efficiency.

7. MIS and Management Reporting

- Prepare monthly reports on expenses, outstanding receivables, payables and cash flow.
- Assist in preparing monthly financial statements and budget-versus-actual reports.
- Provide accurate financial information to management for business decisions.
- Highlight significant variances, overdue balances and compliance risks.

Required Qualifications and Skills

- Bachelor's degree in Commerce (B. Com) or an equivalent qualification.
- M.Com, MBA Finance or CA Inter would be an added advantage.
- 6–8 years of relevant experience in accounting and finance.
- Solid practical knowledge of GST returns, GST reconciliation and ITC.
- Proven experience in finalisation of accounts and preparation of financial statements.
- Experience coordinating with banks, statutory auditors and tax consultants.
- Good knowledge of TDS, Tally or equivalent accounting software, and MS Excel.
- Understanding of inventory, purchase, sales and manufacturing accounting.
- Strong reconciliation, analytical, documentation and problem-solving skills.
- Ability to independently manage deadlines and multiple accounting activities.

Preferred Candidate Profile

- Candidates with experience in plywood, timber, building materials, manufacturing, distribution or trading companies will be preferred.
- Must be comfortable handling accounting operations in a business involving purchases, inventory, production and domestic or export sales, as applicable.
- Should be proactive, detail-oriented, trustworthy and capable of working independently.
- Must demonstrate strong ownership of compliance deadlines and financial accuracy.

Key Performance Indicators (KPIs)

- Timely and accurate filing of GST and other applicable statutory returns.
- Timely completion of monthly and annual accounts closing.
- Accuracy of GST, bank, vendor, customer and inventory reconciliations.
- Timely submission of audit schedules and closure of audit queries.
- Accuracy and timeliness of MIS and financial reports.
- Reduction in outstanding reconciliation items and avoidable compliance errors.

Pay: ₹40,000.00 - ₹80,000.00 per month

Work Location: In person

📌 Senior Accountant (Bengaluru)
🏢 Ecowood
📍 Bengaluru