Financial Accounting Specialist

<p><strong>Job Summary </strong> </p><p>The Finance &amp; Accounting Senior Associate is responsible for managing day-to-day accounting operations, financial reporting, statutory compliance, budgeting support, accounts payable and receivable, payroll coordination, and ensuring accurate financial records in compliance with company policies and applicable regulations. </p><p>Key Responsibilities </p><p><strong>Financial Accounting </strong> </p><ul><li>Maintain accurate books of accounts in accordance with accounting standards. </li><li>Record and verify journal entries, invoices, receipts, and payments. </li><li>Prepare monthly, quarterly, and annual financial statements. </li><li>Perform general ledger reconciliations and account analysis. </li> </ul><p><strong>Accounts Payable &amp; Receivable </strong> </p><ul><li>Process vendor invoices and employee reimbursements. </li><li>Monitor customer collections and follow up on outstanding receivables. </li><li>Reconcile vendor and customer accounts. </li><li>Ensure timely payments while maintaining healthy cash flow. </li> </ul><p><strong>Banking &amp; Cash Management </strong> </p><ul><li>Prepare bank reconciliations. </li><li>Monitor daily cash position and fund requirements. </li><li>Process online banking transactions and maintain banking records. </li> </ul><p><strong>Taxation &amp; Statutory Compliance </strong> </p><ul><li>Prepare and file GST returns. </li><li>Ensure compliance with TDS, Income Tax, PF, ESI, Professional Tax, and other statutory requirements. </li><li>Coordinate with auditors, tax consultants, and regulatory authorities during audits and assessments. </li> </ul><p><strong>Budgeting &amp; Financial Analysis </strong> </p><ul><li>Assist in annual budgeting and forecasting. </li><li>Analyze budget variances and prepare management reports. </li><li>Support financial planning and cost optimization initiatives. </li> </ul><p><strong>Payroll Support </strong> </p><ul><li>Coordinate payroll processing with HR. </li><li>Verify payroll inputs, deductions, reimbursements, and statutory contributions. </li> </ul><p>Audit &amp; Compliance </p><ul><li>Assist internal and external auditors. </li><li>Maintain proper documentation for audit purposes. </li><li>Ensure adherence to internal financial controls and company policies. </li> </ul><p><strong>MIS Reporting </strong> </p><ul><li>Prepare weekly and monthly MIS reports for management. </li><li>Develop financial dashboards and performance reports. </li><li>Provide analytical support for business decision-making. </li> </ul><p><strong>Process Improvement </strong> </p><ul><li>Identify opportunities to improve accounting processes. </li><li>Support ERP implementation and finance automation initiatives. </li><li>Recommend cost-saving measures and improve operational efficiency. </li> </ul><p><strong>Qualifications </strong> </p><ul><li>Bachelor's degree in Commerce (B.Com), Finance, or Accounting. </li><li>CA Inter, CMA, MBA (Finance), or equivalent qualification is preferred. </li><li>4–7 years of experience in Finance &amp; Accounting. </li><li>Experience with ERP systems such as SAP, Oracle, Tally Prime, Zoho Books, or Microsoft Dynamics is preferred. </li> </ul><p><strong>Required Skills </strong> </p><ul><li>Strong knowledge of accounting principles and financial reporting. </li><li>GST, TDS, Income Tax, and statutory compliance knowledge. </li><li>Advanced Microsoft Excel (Pivot Tables, VLOOKUP/XLOOKUP, Power Query preferred). </li><li>Financial analysis and budgeting skills. </li><li>ERP and accounting software proficiency. </li><li>Excellent analytical and problem-solving abilities. </li><li>Strong communication and interpersonal skills. </li><li>High attention to detail and accuracy. </li><li>Ability to work under tight deadlines. </li> </ul><p><strong>Key Performance Indicators (KPIs) </strong> </p><ul><li>Timely month-end and year-end financial closing. </li><li>Accuracy of financial reports. </li><li>Timely statutory compliance with zero penalties. </li><li>Accounts payable and receivable turnaround time. </li><li>Bank reconciliation completion within defined timelines. </li><li>Audit observations and compliance score. </li><li>Budget variance analysis accuracy. </li><li>Process improvement and automation initiatives implemented. </li> </ul><p><br /></p>