Accounts Officer

Job Details

Designation - Accounts Officer - Management Accounts

Location: Ahmedabad (Work from office)

Reports to: Reporting Manager

Department: F&A

Position Overview

We are seeking Management Accountant who is responsible for the preparation of monthly management accounts, including prepayments, accruals, journal entries, nominal ledger reviews, balance sheet reconciliations, and month-end reporting. The role involves conducting variance analysis, assisting with finance pack preparation, funding statements, cash flow projections, and quarterly forecasting while ensuring financial accuracy, compliance, and timely delivery of reports. Working within a high-volume, multi-site environment, the individual will support business performance through detailed financial analysis, effective stakeholder communication, and continuous process improvement.

Responsibilities

• Preparation of Management Accounts
  • Prepayments
    • Amortize prepayments based on the period of service for expenses, for both new and existing invoices, by recording journal entries.
    • Update the prepayment schedule in MACs with new entries recorded for the month and amortize accordingly.
  • Accruals
    • Reverse old accruals after they are closed, rejected, or when the invoice is received.
    • Create provisions for new accruals based on POs with pending invoice bookings in the current month.
    • Update the accruals schedule.
  • Month-End Transaction Processing
    • Process landlord payment entries and inter-site/inter-company recharge transactions between group entities.
    • Record rental revenue entries.
    • Process payroll entries and related accruals.
    • Record other journal entries.
  • Nominal Ledger Scrutiny
    • Review all nominal account codes to ensure transactions are accurately recorded in the relevant month.
    • Ensure there is no duplication of expenses recorded during the month.
    • Verify that prepayments are released correctly in the relevant month.
    • Ensure accrual entries are properly recorded and reversed in subsequent months.
    • Verify that no expenses have been omitted during the month.
  • Management Accounts Template
    • Perform roll forward of the Management Accounts Template.
  • Trial Balance Reporting
    • Run Trial Balances on a monthly basis, Year-to-Date, and up to the previous year-end.
  • Reporting
    • Run the Nominal Activity Report for site review in CSV format.
• Variance Analysis
  • Perform in-depth variance analysis and provide commentary updates based on the variance analysis criteria.
• Finance Pack Preparation
  • Assist in the preparation of client Finance Packs, including:
  • Funding statements
  • Cash flow projections
• Forecasting
  • Assist in the preparation and update of quarterly forecasts.
• Balance Sheet Preparation & Reconciliation
  • Prepare client Balance Sheets on a monthly basis.
  • Ensure there are no unreconciled items outstanding on the Balance Sheet.
  • Investigate and resolve all unusual issues and balances.

Key Success Measures

• Customer - Customer Satisfaction, Associate Retention and Attraction
• Financial - Reduced cost-to-serve/optimization, Profitability improvement
• Operational - Defined Structure, Improved Employee Value Proposition
• People - Higher associate engagement, lower attrition

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.