Greetings from Xelentra!!

One of Our Indias Top Ranked Technical Textile Manufacturing Client Based at Coimbatore Is on the Look Out For:

Finance Officer

Experience: Minimum 3-5 Years

Department: Finance

Industry: Manufacturing

Location: Thennampalayam, Coimbatore.

CTC - 3.00 Lacs - 4.00 Lacs

Qualifications & Skills:

3 - 5 years of experience in finance and accounting, preferably in a corporate or manufacturing environment.

Strong working knowledge of Tally ERP/Tally Prime.

Good knowledge of GST, HSN/SAC classification, RCM, and TDS provisions.

Proficiency in MS Excel, including formulas, lookups, sorting, filtering, and preparation of financial reports.

Experience in accounts payable, vendor reconciliation, bank reconciliation, and MIS preparation.

Good understanding of accounting principles and statutory compliance requirements.

Job Summary:

The personnel will be responsible for managing day-to-day accounting activities, vendor invoice verification, GST and TDS compliance, payment processing, bank reconciliation, and financial reporting. The role requires robust knowledge of accounting principles, statutory compliance, Tally ERP, and MS Excel to ensure accurate financial records and timely reporting.

Key Responsibilities:

Accounts Payable and Invoice Verification

- Verify vendor invoices against Purchase Orders (POs), Material Receipt Notes (MRNs) for goods and services, and supporting documents.
- Ensure invoices are accurately accounted for in Tally, with proper ledger allocation and supporting documentation.
- Identify and resolve discrepancies in invoices, purchase orders, and receipt records in coordination with the relevant departments.

GST Compliance and Accounting





- Verify applicable GST rates based on HSN/SAC codes and ensure accurate GST accounting.
- Review invoices for applicable Reverse Charge Mechanism (RCM) provisions and ensure correct accounting.
- Assist in GST reconciliation and ensure compliance with applicable GST regulations.

TDS Compliance

- Identify applicable TDS sections and rates for vendor payments and invoices.
- Calculate and deduct TDS as applicable under the relevant provisions of the Income Tax Act.
- Ensure accurate accounting of TDS deductions and assist with TDS reconciliation and compliance requirements.

Payment Processing and Accounting Prepare vendor payment schedules in MS Excel based on PO terms, invoice due dates, and payment priorities.

Verify payment details and supporting documents before processing payments.

Pass payment entries in Tally and maintain proper payment records.

Coordinate with internal departments and vendors to resolve payment-related queries.

Bank Reconciliation Statement (BRS)

- Prepare monthly Bank Reconciliation Statements.
- Identify and investigate discrepancies between bank statements and book balances.
- Ensure timely reconciliation and resolution of outstanding items.

Petty Cash Management

- Handle day-to-day petty cash transactions and maintain supporting vouchers and records.
- Record petty cash receipts and payments accurately in Tally.




- Reconcile petty cash balances and ensure compliance with internal cash-handling procedures.

Creditors Ageing and Ledger Reconciliation

- Prepare and maintain vendor outstanding and creditors ageing reports.
- Reconcile vendor ledgers with statements received from suppliers.
- Follow up on long-pending balances, debit notes, credit notes, and other discrepancies.
- Provide timely updates on outstanding liabilities and payment commitments.

Cash Flow and Monthly MIS Support

- Assist in preparing monthly cash flow statements based on expected receipts, payments, and financial commitments.
- Provide relevant accounting data for monthly financial reviews and management reporting.
- Monitor upcoming payment obligations to support cash flow planning.

MIS Reporting

- Prepare periodic MIS reports related to accounts payable, vendor outstanding balances, payment status, and other assigned finance activities.
- Ensure accuracy and timely submission of reports to management.
- Analyse relevant financial data and highlight significant variances or exceptions.
- General Accounting and Documentation
- Maintain accurate accounting records and ensure proper filing of invoices, vouchers, and supporting documents.
- Assist with month-end closing activities and account reconciliations.
- Support internal and statutory audits by providing relevant documents and explanations.
- Ensure adherence to company accounting policies, internal controls, and applicable statutory requirements.

Interested and Relevant Talents Send Your Updated CV to My Mail Id [email protected] and Contact Akilabalan 98940 - 40086. It is an Urgent Opening! Rush Your CVs! Looking For Immediate Joiners

Regards

Akilabalan | Xelentra

📌 Finance Executive (Coimbatore)
🏢 Xelentra Business
📍 Coimbatore