Position: Executive – Finance (General
Ledger)
Experience: 1-3 years
Department: Corporate Finance
Qualification: Graduate/Postgraduate
Level: Full Time
Location: Mumbai
Shifts (if any): 11:00 AM onwards
(candidate should be flexible to work as per business requirement)
Job description:
The position requires candidate
to have solid accounting concepts and knowledge in month end close and Balance
Sheet reconciliations. Reconcile GL balance with supporting documents. Candidate
must support business segments during month/ quarter end close activities,
preparing and posting journal entries etc. Candidate should assess and
interprets customer need and requirements and identifies solution to
non-standard request. Solves moderately complex accounting problems and conduct
complex analyses. Works with minimal guidance and manage GL team.
Key Responsibilities:
General Ledger & Monthly
Closing:
·
Manage monthly General Ledger (GL) closing
activities to ensure accurate financial reporting.
·
Oversee the preparation of monthly Profit &
Loss (P&L) accounts and Balance Sheets for management reporting.
·
Handle month-end, quarter-end, and year-end
closing activities for financial statements.
Financial Reporting &
Analysis:
·
Prepare financial reports and statements as per
accounting standards (IFRS, Indian GAAP, INDAS).
·
Conduct variance analysis of P&L and Balance
Sheets on a monthly basis.
·
Generate key financial reports for senior
management, including budget vs actual analysis.
·
Preparation of segment reporting, revenue cost
analysis, and various reconciliations.
Tax & Compliance:
·
Compute Tax Deduction at Source (TDS) on vendor
invoices and manage tax-related matters.
·
Assist in audit processes and support tax
compliance requirements.
·
Ensure timely filing and compliance with
applicable tax regulations.
Vendor & Payment
Management:
·
Oversee the booking of vendor invoices and
ensure payments are processed as per aging reports.
·
Coordinate payments and receipts, ensuring
proper reconciliation with bank statements.
·
Manage foreign remittances and handle vendor
account reconciliations.
·
Develop relationships with external consultants
for managing foreign payments and tax matters.
Audit & Support:
·
Prepare financials for audit purposes, liaising
with auditors to ensure timely audits.
·
Provide audit support by reviewing financial
documents, contracts, and entries.
·
Assist in the preparation of audit schedules,
ensuring compliance with accounting standards.
Control & Process
Improvement:
·
Test and evaluate internal controls, identifying
gaps and suggesting improvements.
·
Work on process enhancements, including
automation and system upgrades for financial reporting.
·
Collaborate with system development teams to
ensure timely and accurate reporting.
Team Coordination &
Reporting:
·
Collaborate with various teams, including
accounts payable, receivable, tax, and operations for smooth financial
operations.
·
Coordinate with offshore teams and onsite
offices for intercompany transactions and reconciliations.
·
Ensure the timely closure of general ledgers and
subsidiary reporting.
Key Skills:
·
Minimum of 1-3 years of experience in finance
and accounting roles, with a strong focus on financial reporting, audit, and
reconciliation.
·
General Ledger Management, Variance Analysis,
and Financial Reporting
·
Tax Compliance & Deduction Management
·
Strong analytical and problem-solving skills
·
Familiarity with IFRS, US GAAP, and internal
control frameworks
·
Effective communication and stakeholder
management skills
·
Strong attention to detail and a high level of
accuracy.
·
Ability to work independently and as part of a
team.
·
Proactive and solution-oriented mindset.
·
Excellent time management and organizational
skills.
The Job responsibilities of the candidate shall
include but not limited to the Job Description & to perform any other
tasks/functions as required by the Company.
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