Executive - Finance and Accounts

Position: Executive - Finance & Accounts

Location: Chennai

Experience: 3-5 Years

Qualification: CA Inter / M.Com / B.Com or equivalent qualification

Reporting to: Finance Head

About the Role

We are looking for a detail-oriented and hands-on Finance & Accounts Excutive to manage the company's day-to-day accounting operations, financial reporting, statutory compliances and banking activities. The role will be responsible for ensuring accurate financial records, timely closure of accounts, compliance with applicable regulatory requirements and effective coordination with the holding company, group entities and external professional advisors.

The ideal candidate should have sound knowledge of accounting principles, taxation, statutory compliance and financial reporting, along with the ability to independently manage routine finance and accounting functions.

Key Responsibilities

1. Accounting & Financial Operations

• Manage day-to-day accounting activities and ensure accurate and complete maintenance of books of accounts in the company's accounting system.
• Oversee accounts payable, accounts receivable, banking transactions, payroll accounting, employee reimbursements and other financial transactions.
• Ensure proper documentation, verification and accounting of all financial transactions.

2. Financial Reporting & Month-End Closure

• Manage monthly, quarterly and year-end closure of accounts.
• Perform ledger scrutiny, account reconciliations, accruals, provisions and preparation of financial statements and supporting schedules.
• Prepare periodic MIS reports and financial statements for management review.
• Ensure timely and accurate financial reporting in accordance with applicable accounting standards.

3. Taxation & Statutory Compliance

• Handle applicable GST, TDS, income tax, PF and other statutory compliances.
• Prepare tax workings, coordinate with consultants and ensure timely filing of returns and payment of statutory dues.
• Maintain statutory records and monitor compliance deadlines to ensure adherence to applicable regulations.

4. Banking & Reconciliation

• Manage day-to-day banking and payment activities.
• Ensure timely reconciliation of bank accounts, vendor accounts, customer balances, statutory accounts and other balance sheet items.
• Monitor outstanding balances and follow up on discrepancies and pending settlements.

5. Intercompany Accounting & Group Coordination

• Maintain and reconcile intercompany transactions and balances.
• Coordinate with the holding company and other group entities on accounting, financial reporting and related finance requirements.
• Ensure accuracy and consistency of intercompany accounting records and timely resolution of reconciliation differences.

6. Costing & Transfer Pricing

• Prepare cost workings for intercompany cost-plus billing.
• Support transfer-pricing documentation, intercompany reconciliations and related compliance requirements.
• Coordinate with tax and transfer-pricing consultants for necessary documentation and filings.

7. Audit & Professional Coordination

• Coordinate with the Company Secretary, statutory and internal auditors, tax consultants and other professional advisors.
• Provide necessary financial records, schedules, supporting documents and clarifications for audits and statutory filings.
• Maintain and monitor the compliance calendar to ensure timely completion of statutory and regulatory requirements.

8. Budgeting & Financial Planning

• Support preparation of budgets, cash-flow forecasts and periodic financial plans.
• Assist in financial analysis, expense monitoring and variance analysis.
• Provide relevant financial information and reports to support management decision-making.

9. Other Responsibilities

• Undertake additional finance, accounting, reporting and compliance-related responsibilities as assigned from time to time.

Desired Skills & Competencies

• Strong knowledge of accounting principles, financial reporting and taxation.
• Hands-on experience in GST, TDS, income tax and other statutory compliances.
• Experience in managing month-end and year-end financial closures.
• Knowledge of intercompany accounting, cost-plus billing and transfer-pricing requirements.
• Proficiency in accounting software and MS Excel.
• Strong analytical, reconciliation and problem-solving skills.
• Good coordination and communication skills to work with internal stakeholders, group entities and external consultants.
• High attention to detail, ownership and ability to meet deadlines.
• Ability to independently manage routine finance and accounting operations.