Senior Executive - Account & Finance

Job Summary

The Senior Executive -F&A will manage end-to-end accounting, taxation, and compliance activities for an FMCG business. The role requires hands-on expertise in accounting operations, GST & TDS calculations, statutory compliance, distributor accounting, and financial reporting, ensuring accuracy, timeliness, and adherence to Indian regulations.

Key Responsibilities

Accounting & Financial Operations

• Maintain books of accounts in compliance with Indian Accounting Standards (Ind AS)
• Handle day-to-day accounting, journal entries, ledger scrutiny, and reconciliations
• Prepare monthly, quarterly, and annual financial statements
• Ensure timely month-end and year-end closures
• Review and control expenses, provisions, and accruals

GST Calculation, Compliance & Reporting

• Calculate GST liability on sales, schemes, discounts, and credit/debit notes
• Compute eligible Input Tax Credit (ITC) and perform reversals as per GST provisions
• Pass accurate GST accounting entries in ERP/Tally
• Prepare and file GSTR-1, GSTR-3B, and perform GSTR-2B vs books reconciliation
• Calculate interest, late fees, and reversals, where applicable
• Handle multi-state GST registrations, inter-state transactions, and e-way bill compliance
• Manage GST implications for trade promotions, distributor incentives, freight, and logistics costs
• Coordinate with consultants and handle GST audits, notices, and assessments

TDS Calculation & Income Tax Compliance

• Calculate TDS deductions under relevant sections (194C, 194J, 194H, 194I, 192, etc.)
• Identify correct TDS rates based on vendor category and payment nature
• Ensure accurate TDS accounting entries and timely tax deposits
• Prepare and file quarterly TDS returns (24Q, 26Q)
• Calculate interest and late fees for delays or defaults, if any
• Issue Form 16 / Form 16A within statutory timelines
• Manage lower / nil deduction certificates and related compliance
• Respond to TDS notices and reconciliations

FMCG Commercial & Distributor Accounting

• Accounting of sales, distributor margins, incentives, and trade schemes
• Reconciliation of distributor, customer, and channel partner accounts
• Processing of credit notes and claims related to schemes and promotions
• Monitor trade spends and ensure proper accounting treatment

Reporting, Audit & Support

• Prepare MIS reports for management on sales, margins, expenses, and profitability
• Support statutory, tax, and internal audits and closure of audit observations
• Coordinate with banks, auditors, and consultants
• Assist in ERP/system improvements and process automation

Key Performance Indicators (KPIs)

• Timely and accurate book closures
• 100% compliance in GST & TDS calculations and filings
• Zero penalties, interest, or adverse audit remarks
• Accuracy in distributor and customer reconciliations
• Timely submission of MIS and statutory reports

Qualifications & Experience

Education

• B.Com / M.Com (Mandatory)
• CA Inter / CMA Inter preferred

Experience

• 7-10 years of relevant experience in Accounts & Finance
• Mandatory exposure to FMCG / Consumer Goods / Manufacturing
• Strong hands-on experience in GST & TDS calculations and compliance

Skills & Competencies

• In-depth knowledge of GST, TDS, and Indian taxation laws
• Proficiency in Tally / SAP / Oracle / ZOHO / ERP systems
• Advanced Excel skills
• Strong analytical and problem-solving abilities
• High attention to detail and deadline orientation
• Effective communication and stakeholder coordination Role & responsibilities