Financial Accounting Specialist

Job Summary

The Finance & Accounting Senior Associate is responsible for managing day-to-day accounting operations, financial reporting, statutory compliance, budgeting support, accounts payable and receivable, payroll coordination, and ensuring accurate financial records in compliance with company policies and applicable regulations.

Key Responsibilities

Financial Accounting

• Maintain accurate books of accounts in accordance with accounting standards.
• Record and verify journal entries, invoices, receipts, and payments.
• Prepare monthly, quarterly, and annual financial statements.
• Perform general ledger reconciliations and account analysis.

Accounts Payable & Receivable

• Process vendor invoices and employee reimbursements.
• Monitor customer collections and follow up on outstanding receivables.
• Reconcile vendor and customer accounts.
• Ensure timely payments while maintaining healthy cash flow.

Banking & Cash Management

• Prepare bank reconciliations.
• Monitor daily cash position and fund requirements.
• Process online banking transactions and maintain banking records.

Taxation & Statutory Compliance

• Prepare and file GST returns.
• Ensure compliance with TDS, Income Tax, PF, ESI, Professional Tax, and other statutory requirements.
• Coordinate with auditors, tax consultants, and regulatory authorities during audits and assessments.

Budgeting & Financial Analysis

• Assist in annual budgeting and forecasting.
• Analyze budget variances and prepare management reports.
• Support financial planning and cost optimization initiatives.

Payroll Support

• Coordinate payroll processing with HR.
• Verify payroll inputs, deductions, reimbursements, and statutory contributions.

Audit & Compliance

• Assist internal and external auditors.
• Maintain proper documentation for audit purposes.
• Ensure adherence to internal financial controls and company policies.

MIS Reporting

• Prepare weekly and monthly MIS reports for management.
• Develop financial dashboards and performance reports.
• Provide analytical support for business decision-making.

Process Improvement

• Identify opportunities to improve accounting processes.
• Support ERP implementation and finance automation initiatives.
• Recommend cost-saving measures and improve operational efficiency.

Qualifications

• Bachelors degree in Commerce (B.Com), Finance, or Accounting.
• CA Inter, CMA, MBA (Finance), or equivalent qualification is preferred.
• 4–7 years of experience in Finance & Accounting.
• Experience with ERP systems such as SAP, Oracle, Tally Prime, Zoho Books, or Microsoft Dynamics is preferred.

Required Skills

• Strong knowledge of accounting principles and financial reporting.
• GST, TDS, Income Tax, and statutory compliance knowledge.
• Advanced Microsoft Excel (Pivot Tables, VLOOKUP/XLOOKUP, Power Query preferred).
• Financial analysis and budgeting skills.
• ERP and accounting software proficiency.
• Excellent analytical and problem-solving abilities.
• Strong communication and interpersonal skills.
• High attention to detail and accuracy.
• Ability to work under tight deadlines.

Key Performance Indicators (KPIs)

• Timely month-end and year-end financial closing.
• Accuracy of financial reports.
• Timely statutory compliance with zero penalties.
• Accounts payable and receivable turnaround time.
• Bank reconciliation completion within defined timelines.
• Audit observations and compliance score.
• Budget variance analysis accuracy.
• Process improvement and automation initiatives implemented.