Accountant

Job Title: Senior Accountant
Qualification: M.Com (Master of Commerce)
Experience: Minimum 5 Years in Accounting and Finance
Department: Finance & Accounts
Location: Vadodara, Gujarat

Job Summary

We are looking for an experienced and detail-oriented Senior Accountant with a postgraduate qualification in M.Com and at least 5 years of experience in accounting, taxation, financial reporting, and account reconciliation. The candidate will be responsible for maintaining accurate financial records, managing statutory compliance, preparing financial reports, and ensuring smooth day-to-day accounting operations.

Roles and Responsibilities

1. Accounting and Bookkeeping

• Maintain accurate books of accounts, ledgers, journals, and vouchers.
• Manage daily accounting transactions, including sales, purchases, receipts, payments, and expenses.
• Ensure proper documentation and accounting of all financial transactions.
• Maintain accounts payable and accounts receivable records.
• Monitor outstanding payments and follow up on overdue receivables.

2. GST and Taxation

• Prepare and file GST returns, including GSTR-1 and GSTR-3B.
• Reconcile GST input tax credit (ITC) with purchase records and GSTR-2B.
• Handle TDS calculations, deductions, payments, and return filings.
• Assist in income tax compliance and preparation of tax-related documents.
• Maintain records for statutory audits and tax assessments.

3. Financial Reporting and Reconciliation

• Prepare monthly, quarterly, and annual financial statements.
• Perform bank reconciliation and vendor/customer account reconciliation.
• Review the trial balance, profit and loss account, and balance sheet schedules.
• Analyse expenses, revenue, and financial variances.
• Support budgeting, cash-flow monitoring, and financial planning.

4. Accounts Payable and Receivable

• Verify vendor invoices, payment requests, and supporting documents.
• Process payments according to approved company policies.
• Monitor customer collections and vendor outstanding balances.
• Resolve discrepancies in invoices, payments, and account statements.
• Maintain accurate records of advances, reimbursements, and credit notes.

5. Audit and Compliance

• Coordinate with internal and external auditors.
• Prepare schedules, vouchers, ledgers, and supporting documents for audits.
• Ensure compliance with applicable accounting standards and statutory requirements.
• Identify accounting discrepancies and implement corrective measures.
• Maintain proper financial documentation for audit readiness.

6. Payroll and Expense Management

• Coordinate with HR for payroll inputs, employee reimbursements, and salary-related accounting.
• Verify employee expense claims and supporting bills.
• Account for salary, professional fees, and applicable TDS deductions.
• Maintain records of advances, reimbursements, and employee-related payments.

7. Accounting Software and MIS

• Work with accounting software such as Tally Prime, Tally ERP, or ERP systems.
• Use MS Excel for financial analysis, reconciliation, and reporting.
• Prepare monthly MIS reports for management.
• Maintain digital and physical financial records.
• Identify opportunities to improve accounting processes and reporting accuracy.

8. Management Coordination

• Provide timely financial reports and accounting updates to management.
• Highlight overdue receivables, cash-flow concerns, and unusual expenses.
• Coordinate with banks, vendors, customers, auditors, and tax consultants.
• Support management in financial planning and cost-control initiatives.

Required Skills and Competencies

• Strong knowledge of accounting principles and financial reporting.
• Practical experience in GST, TDS, bank reconciliation, and taxation.
• Proficiency in Tally Prime and MS Excel.
• Good analytical, numerical, and problem-solving skills.
• Strong attention to detail and accuracy.
• Ability to manage deadlines and confidential financial information.
• Good communication and coordination skills.

Educational Qualification

• M.Com (Master of Commerce) is mandatory.
• Additional qualifications such as CA Inter, CMA Inter, or relevant taxation certifications will be an advantage.

Experience Requirements

• Minimum 5 years of relevant accounting experience.
• Hands-on experience in GST returns, TDS, bank reconciliation, and financial reporting.
• Experience in independently managing day-to-day accounting operations.
• Experience in handling audits and statutory compliance.