Varsity Education Management - Assistant Manager - General Ledger

Designation: Assistant Manager- General Ledger team

Department: Finance & Accounts

Reports to: Senior Manager / Finance Controller

Job Summary:

- The General Ledger (GL) team is responsible for maintaining accurate and compliant financial records by ensuring all transactions are recorded per Indian Accounting Standards (Ind AS) and Generally Accepted Accounting Principles (GAAP).

- The team plays a critical role in financial reporting, reconciliations, and period-end closing activities, ensuring integrity and accuracy in financial statements.

Key Responsibilities:

1. General Ledger Accounting & Review

- Ensure all financial transactions are recorded correctly in the GL as per Ind AS & company policies.

- Review and validate journal entries, accruals, and provisions for completeness and accuracy.

- Perform monthly, quarterly, and annual closing activities, ensuring compliance with reporting timelines.

- Assist in the preparation of consolidated financial statements.

2. Reconciliations & Financial Controls:

- Perform bank, inter-company, and balance sheet reconciliations to ensure accuracy.

- Identify discrepancies in GL accounts and take corrective actions.

- Review Inventory, Revenue, and Expense accounts for accuracy and proper classification.

- Ensure timely resolution of outstanding balances in sub-ledgers.

3. Fixed Assets & Capitalization:

- Review asset capitalization and depreciation postings.

- Ensure proper classification of assets under CWIP (Capital Work-in-Progress) and Fixed Assets.

- Verify transportation, installation, and other related costs are correctly capitalized.

4. Audit & Compliance Support:

- Provide data and support for Statutory, Internal, and Tax Audits.

- Ensure compliance with GST, TDS, and other regulatory financial reporting requirements.

- Assist in audit queries and preparation of financial schedules.

5. Reporting & MIS:

- Prepare financial reports, schedules, and Management Information System (MIS) reports for internal stakeholders.

- Support variance analysis and budgetary control activities.

- Provide financial insights for decision-making to senior management.

6. Process Improvements & Automation:

- Identify process inefficiencies and suggest automation or improvements in financial reporting.

- Collaborate with IT/ERP teams to streamline GL accounting processes.

Key Skills & Competencies:

- Strong knowledge of Ind AS, IFRS, and financial reporting standards

- Expertise in reconciliations, financial analysis, and variance reporting

- Strong attention to detail with analytical problem-solving skills

- Ability to work under tight deadlines and ensure compliance

- Experience with ERP systems (Oracle, Tally, etc.)

Qualifications & Experience:

- Education: CA with 1-2 years of experience, CMA with 2 - 4 years of experience, MBA (Finance) or M.com with 5 - 8 years of experience, B.Com with 10 Plus years of experience in General Ledger accounting, financial reporting, or audits.