Senior Accountant - CA

Educational Qualifications & Certifications: CA

Experience: 5-10Years

Location: Vizag

Industry: Any Process Industry

Job Purpose:

- MIS, Financials Preparations, Audits , Accounts Payable and Receivables , Statutory Compliance & Liaising with Banks etc.

Accountabilities & Responsibilities:

- Accountabilities

- Activities

Preparation of reports:

- Preparation of monthly Financials along with schedules as per IndAs and MIS.

- Preparation of year end Financials preparation along with schedules as per IndAs.

- Reconciliation of Group company accounts (Inter Company Transactions (RPT)), vendors and Customer accounts etc.

- Month end activities such as GR IR Clearing, Provision for service/materials received but not accounted, Prepaid Expenses and others if any and Depreciation run for closure to prepare Monthly financials.

- Preparation of ABP and upload in SAP.

Audit Works:

- Statutory audit - Ensuring smooth flow of audit and finalization of Annual Accounts till Financials get signed.

- Internal Audit - Handling internal audit which is for control check

- IT Returns & Tax Audit - Income Tax Audit preparation and support to corporate office.

- Third Party Audits - Departmental audits such as GST, Service Tax and Visakhapatnam Port Trust (Revenue Audit every year as per Concession Agreement)

- Other corporate support requirements if any.

- Controlling of Accounts Payables

- Capex Payments and invoice tracking.

- Vendor ageing analysis.

- Withholding tax deductions.

- GL scrutiny on monthly basis.

- Transfer postings if any.

- Monthly Journal entries posting - Provision for Expenses, Prepaid to Expenses, Depreciation etc.

Fixed Assets Accounting:

- Asset code master creation, accounting and posting.

- Depreciation posting on monthly, repeat run depreciation and manual depreciation posting if required.

- Assets transfer with group or retirement (With revenue or without revenue ect)

General Accounting:

- Ensuring the monthly statutory payments like TDS, GST, PF & PT.

- Ensuring the Monthly/quarterly/half yearly returns like TDS, Service GST etc.

- Issuing the TDS Certificates to Vendors on quarterly basis.

- Preparation of Expenses reports and analysis the same with budget.

- Inter Company reconciliation, balance confirmation etc.

- Bank activates . such as Bank balance confirmation, Funds transfers, and online Tax payments.

Monthly, Quarterly and Annual Returns:

- Reviewing Monthly GST returns - GSTR1 and GSTR 3B

- e-TDS filling on quarterly

- GST Annual returns preparation

- Support for Tax Audit preparation

- Form 13 - to avail lower deduction from Income Tax department to improve liquidity funds to origination.

Key Challenges:

- Responsible for various financial functions such as Accounts Payable, Accounts receivables, Cost Controls, analysis, accounting and monthly submission of MIS to Management.

- Establishing documented systems, policies and procedures in finance and accounts and implementing adequate internal controls.

- Improving operations, impacting business growth, reducing costs, maximizing profits, creating and executing strategic plans.

Key Decisions:

Financial Statements:

- While preparing the financials, consider all aspect of revenue and expenditure and coordinate with user departments.

- Ensuring all general ledgers and accruals are posted.

- Comply with all statutory requirements as per IT and Company acts.

Monthly Reports:

- Prepare monthly MIS with variance analysis and presenting with Management for review.

- Keeping the all performance like Operational, Financials, legal , HR and Marketing etc.

Audits:

- Ensure no adverse comments from auditors

- Smooth closer of Financials and shared with respective stake holders