Finance & Accounting-Assistant Manager-JVs and Subsidiaries

Role & Responsibilities

1. Ownership of Books of Accounts

• Take complete ownership of the books of accounts for assigned Joint Ventures and Subsidiaries.
• Ensure all accounting transactions are recorded accurately, completely and within prescribed timelines.
• Maintain the General Ledger and Chart of Accounts.
• Ensure proper accounting and classification of income, expenditure, assets, liabilities and equity.
• Review accounting entries for correctness, accounting treatment and ledger mapping.
• Ensure compliance with applicable Accounting Standards, the Companies Act, 2013 and internal accounting policies.
• Identify, investigate and rectify accounting errors on a timely basis.
• Maintain complete and audit-ready books of accounts throughout the financial year.

2. Monthly, Quarterly & Annual Books Closure

• Own the end-to-end monthly, quarterly and annual books closure process.
• Prepare and execute detailed closure checklists for each reporting period.
• Ensure timely accounting of accruals, provisions, depreciation, amortization, prepaid expenses and all adjustment entries.
• Review all General Ledger accounts before closure to ensure completeness and accuracy.
• Coordinate with cross-functional teams to obtain pending accounting information within defined timelines.
• Ensure all accounting entries are supported by appropriate documentation prior to closure.
• Drive continuous improvement in books closure timelines and accuracy.
• Ensure assigned entities remain audit-ready throughout the year.

3. Financial Statement Preparation

• Prepare standalone financial statements in accordance with Division I of Schedule III of the Companies Act, 2013.
• Prepare:
• Balance Sheet
• Statement of Profit & Loss
• Cash Flow Statement
• Notes to Accounts
• Supporting schedules and disclosures
• Prepare detailed Balance Sheet schedules supporting every reported balance.
• Ensure compliance with applicable Accounting Standards and statutory disclosure requirements.
• Maintain detailed working papers supporting all financial statement disclosures.

4. Ledger Scrutiny & Reconciliations

• Perform comprehensive scrutiny of General Ledger accounts.
• Prepare and maintain Balance Sheet reconciliations on a monthly basis.
• Perform Bank Reconciliations.
• Perform Vendor Reconciliations.
• Perform Customer Reconciliations.
• Perform Inter-company Reconciliations.
• Prepare Fixed Asset Registers and reconciliations.
• Prepare GST, TDS and other statutory reconciliations.
• Investigate and resolve unreconciled balances and accounting discrepancies.
• Ensure every Balance Sheet account is fully substantiated with supporting documentation.

5. Documentation & Working Papers

• Maintain complete documentation supporting every accounting transaction.
• Ensure proper filing of invoices, agreements, approvals, journal vouchers and supporting schedules.
• Prepare standardized monthly working papers supporting books closure.
• Maintain audit-ready documentation throughout the financial year.
• Ensure proper version control and organization of accounting files.
• Develop and maintain accounting SOPs, checklists and process documentation.
• Strengthen documentation standards across the accounting function.

6. Audit & Statutory Compliance

• Coordinate with Statutory Auditors, Internal Auditors and Tax Auditors.
• Prepare audit schedules and supporting documents.
• Resolve audit queries within agreed timelines.
• Ensure books and documentation are readily available for audits.
• Support preparation of statutory filings from an accounting perspective.
• Ensure compliance with statutory accounting requirements and internal financial controls.

7. Process Improvement & Internal Controls

• Continuously improve accounting processes and month-end closure procedures.
• Recommend automation and standardization opportunities.
• Strengthen accounting controls and documentation practices.
• Ensure adherence to internal accounting policies and SOPs.
• Identify process gaps and implement corrective actions.
• Contribute towards improving the efficiency and quality of the accounting function.

Preferred candidate profile

Essential

• CA Intermediate (Both Groups) cleared.
• Completed Articleship under a Chartered Accountant firm with significant exposure to statutory audit, financial accounting and financial statement preparation.

Preferred

• 2 years of post-articleship experience in financial accounting, statutory audit or books closure.
• Experience in preparing standalone financial statements under Schedule III.