Senior Accountant - Garment Industry (Bhiwandi)

: Senior Accountant Garment Industry (Bhiwandi)

• Company: One of our leading clients in Garments
• Position: Senior Accountant
• Industry: Garments / Apparel Manufacturing & Trading
• Location: Bhiwandi, Maharashtra
• Experience: 8–10 years (Mandatory – preferably in garment/textile industry)
• Qualification: B.Com / M.Com / MBA Finance / CA Inter (preferred)

Role Summary

The Senior Accountant will manage complete accounting operations for a garment manufacturing/trading setup in Bhiwandi. The role requires strong knowledge of garment costing, inventory management, taxation (GST/TDS), MIS reporting, and coordination with internal and external stakeholders.

• Key Responsibilities
• 1. Accounting & Financial Operations
• Maintain day-to-day accounting, ledger scrutiny, and trial balance finalization.
• Prepare monthly/annual financial statements including P&L, Balance Sheet, Cash Flow.
• Manage accounts receivable & payable, vendor reconciliation, and debtor follow-ups.
• Review and authorize payment entries, purchase bills, and production-related cost entries.
• 2. Garment Industry–Specific Responsibilities
• Handle garment costing: fabric consumption, trims, accessories, labour, overheads.
• Coordinate with production, merchandising, and stores for consumption and WIP reports.
• Monitor inventory of fabric, yarn, accessories, and finished goods in ERP/Tally.
• Manage job-work accounting, outsourcing payments, cutting/finishing unit entries, etc.
• Analyze cost variances and update management on pricing/margins.
• 3. Statutory Compliance & Taxation
• Responsible for monthly GST returns (GSTR-1, GSTR-3B) and reconciliation.
• Manage TDS deduction, payments, and quarterly returns.
• Coordinate with internal/external auditors for statutory & tax audits.
• Maintain documentation for export incentives (if export operations exist).
• 4. Payroll & Statutory Payments
• Oversee salary processing, attendance reconciliation, and wage sheet verification.
• Ensure timely PF, ESIC, and Professional Tax payments & filings.
• 5. MIS, Reporting & Controls
• Generate MIS reports: production cost, sales, profitability, ageing analysis, cash flow.
• Assist in budgeting, forecasting, and cost-control measures.
• Ensure internal controls for cash, inventory, and purchase processes.
• 6. Banking & Finance
• Handle bank reconciliation, cash flow planning, and vendor payment scheduling.
• Coordinate with banks for LC, packing credit, overdraft limits (if required).

• Skills & Competencies Required
• Strong experience in garment/textile manufacturing accounts.
• Excellent knowledge of Tally Prime/ERP systems.
• Advanced knowledge of Excel (VLOOKUP, pivot tables, MIS).
• Strong understanding of GST, TDS, and statutory compliance.
• Accuracy, analytical skills, and ability to work in a fast-paced garment hub like Bhiwandi.
• Strong coordination skills with production, store, merchandising, and management team