GL Accounting Professional

Role & responsibilities

General Ledger & Accounting

• Manage day-to-day General Ledger accounting and ensure accurate accounting of financial transactions.
• Review journal entries, provisions, accruals, prepayments, depreciation, expenses, and other GL transactions.
• Ensure proper accounting under applicable accounting standards and company policies.
• Perform regular GL scrutiny and account reconciliations.
• Identify and resolve accounting discrepancies and unusual balances.
• Ensure timely closure of open accounting issues.

Month-End & Year-End Closing

• Drive and coordinate monthly, quarterly, and year-end closing activities.
• Prepare and review month-end provisions, accruals, prepaid expenses, depreciation, and other closing entries.
• Ensure completeness and accuracy of accounting entries before closing the books.
• Prepare month-end closing schedules and supporting documentation.
• Coordinate with various departments to obtain information required for timely closure.
• Ensure adherence to the company's financial closing calendar and timelines.

Financial Reporting

• Prepare and review financial statements and financial reporting schedules.
• Prepare balance sheet schedules and supporting reconciliations.
• Analyze major movements and variances in GL accounts.
• Provide financial information and reports to management as required.
• Support preparation of management reporting and MIS.
• Ensure accuracy and completeness of financial data reported to management.

GST, TDS & Statutory Compliance

• Support and coordinate accounting-related activities for GST compliance.
• Ensure appropriate accounting and reconciliation of GST-related transactions.
• Handle accounting and reconciliation related to TDS.
• Coordinate with the tax/compliance team for statutory requirements.
• Review relevant statutory ledgers and ensure timely resolution of discrepancies.
• Support preparation of information and schedules required for statutory compliance.

Audit & Compliance

• Coordinate with internal and statutory auditors.
• Provide audit schedules, supporting documents, reconciliations, and other information requested by auditors.
• Address audit queries and coordinate with relevant departments for closure of audit observations.
• Ensure proper maintenance of accounting records and supporting documentation.
• Support implementation and monitoring of internal financial controls.
• Ensure compliance with company accounting policies and applicable regulations.

Manufacturing Accounting

• Develop a strong understanding of manufacturing accounting processes.
• Review accounting related to raw materials, WIP, finished goods, consumables, stores, and other manufacturing inventories.
• Coordinate with Costing, Production, Stores, Purchase, and Finance teams for accurate accounting.
• Support inventory reconciliation and accounting activities.
• Review manufacturing-related expenses and their appropriate accounting treatment.

Standard Costing & Variance Analysis

• Work in coordination with the Costing team in a standard costing environment.
• Understand and review standard vs. actual cost variances.
• Support analysis of material, labour, overhead, and other manufacturing cost variances.
• Assist in accounting and reporting of manufacturing cost-related adjustments.
• Provide financial accounting inputs for cost and profitability analysis.

Reconciliation & Internal Controls

• Perform balance sheet and GL account reconciliations on a periodic basis.
• Ensure timely clearance of outstanding and aged reconciling items.
• Monitor intercompany and related-party balances, wherever applicable.
• Strengthen accounting controls and identify opportunities for process improvement.
• Maintain proper documentation and audit trails for financial transactions.

Preferred candidate profile

Required Skills & Knowledge

• Strong practical knowledge of General Ledger Accounting.
• Hands-on experience in Month-End and Year-End Closing.
• Good understanding of Financial Statements and Financial Reporting.
• Working knowledge of GST and TDS.
• Experience in handling Internal and Statutory Audits.
• Understanding of manufacturing accounting and inventory accounting.
• Exposure to a Standard Costing environment.
• Understanding of Standard vs. Actual Cost and Variance Analysis will be an advantage.
• Strong knowledge of account reconciliation and financial controls.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and accuracy.
• Good command of MS Excel.
• Experience with ERP systems such as SAP/Oracle/Dynamics or other manufacturing ERP will be preferred.
• Good communication and cross-functional coordination skills.

Educational Qualification

• CA / CMA preferred.
• MBA (Finance) / M.Com / B.Com or equivalent qualification with relevant experience may also be considered.
• Candidates with strong hands-on manufacturing accounting experience will be preferred.

Experience

• Minimum 3+ years of relevant experience in Finance & Accounts / GL Accounting.
• Experience in an MNC manufacturing organization will be preferred.
• Candidates with experience in the automotive manufacturing industry will have an added advantage.
• Hands-on exposure to month-end closing, financial reporting, GST/TDS, audit, and manufacturing accounting is preferred.

Key Performance Areas

• Timely and accurate month-end and year-end closing.
• Accuracy of General Ledger and financial records.
• Timely completion of account reconciliations.
• Accuracy and completeness of financial reporting.
• Timely resolution of audit queries and observations.
• Compliance with GST, TDS, and other applicable requirements.
• Effective coordination with cross-functional teams.
• Accuracy of manufacturing and inventory-related accounting.
• Effective support for standard costing and variance analysis.
• Continuous improvement of accounting processes and internal controls.