Accounts Manager

Company Name: Varaha Associates (Steps N Storeys)
Job Location: Alpha City IT Park, Navalur, Chennai
Department: Accounts & Finance
Experience: 7 - 10 Years
Salary: 5LPA - 7LPA (Based on experience and qualifications)

About the Company

Varaha Associates (Steps N Storeys) is involved in real estate land development and Joint Venture (JV) business opportunities. We focus on developing business partnerships and managing real estate projects. We are looking for a responsible and detail-oriented Accounts Manager to oversee financial transactions, maintain accurate accounting records, and support the company's financial management.

Job Summary

The Accounts Manager will be responsible for managing day-to-day accounting activities, maintaining financial records, preparing reports, monitoring cash flow, and ensuring compliance with applicable tax and statutory requirements. The candidate should have practical knowledge of Tally, MS Excel, GST, TDS, bank reconciliation, and financial reporting. The ideal candidate must be organized, analytical, and capable of managing accounts independently while coordinating with management, auditors, banks, and other stakeholders.

Key Roles and Responsibilities

A. Accounting & Bookkeeping

• Manage daily accounting transactions and maintain accurate books of accounts.
• Record sales, purchases, receipts, payments, journal entries, and expense transactions.
• Maintain general ledgers, cash books, and other financial records.
• Ensure proper documentation and verification of invoices, bills, vouchers, and supporting documents.
• Monitor accounts payable and accounts receivable and ensure timely settlements.

B. Tally & Accounting Software

• Handle day-to-day accounting operations using Tally, preferably TallyPrime.
• Create and maintain ledgers, account groups, vouchers, and other accounting entries.
• Record purchase, sales, payment, receipt, journal, and contra vouchers accurately.
• Generate trial balances, profit and loss statements, balance sheets, and other financial reports.
• Maintain accurate accounting data and perform regular checks to identify and correct discrepancies.

C. Bank Reconciliation & Cash Management

• Perform regular bank reconciliations and resolve discrepancies.
• Monitor cash balances, bank transactions, receipts, and payments.
• Track outstanding payments and receivables.
• Maintain cash flow records and support the preparation of cash flow statements.
• Ensure proper authorization and documentation of financial transactions.

D. Financial Reporting

• Prepare monthly and periodic financial reports for management review.
• Assist in preparing budgets, expense summaries, and financial statements.
• Monitor business expenses and identify unusual transactions or discrepancies.
• Provide accurate financial information to support business decisions.
• Maintain organized financial records for internal review and audits.

Required Technical Skills

• Tally/TallyPrime: Accounting entries, ledger maintenance, voucher management, and financial reports.
• MS Excel: Data management, formulas, reconciliations, and financial reporting.
• GST & TDS: Accounting, reconciliation, documentation, and compliance support.
• Banking Operations: Bank reconciliation, payment tracking, and cash management.
• Financial Reporting: Trial balance, profit and loss statement, balance sheet, and expense reports.

Key Performance Expectations

The selected candidate will be expected to:

• Maintain accurate and up-to-date accounting records.
• Ensure timely completion of accounting activities and reconciliations.
• Prepare reliable financial reports for management.
• Support timely tax compliance and statutory reporting.
• Maintain proper documentation for audits and financial reviews.
• Identify accounting discrepancies and help resolve them promptly.

Benefits & Perks

• Provident Fund (PF), as applicable
• Employee State Insurance (ESI), as applicable
• Annual Bonus, subject to company policy and eligibility
• Other applicable employee benefits as per company policy