Account Manager

6 days ago

New Delhi, India Saraswat Bank Full time

Department: Accounts DepartmentDesignation: Mid - Senior Level PositionLocation: MumbaiJob Responsibilities:Accounting & Finalization:- Lead the finalization of financial statements in compliance with statutory requirements - Manage month-end, quarter-end, and year-end closing activities, ensuring accuracy and timeliness - Review and reconcile parking accounts. - Supervise GL fixed assets, and inventory accounting, ensuring proper controls and reconciliations - Coordinate with statutory and internal auditors for audits, ensuring compliance and timely closure - Perform Bank Reconciliations and Vender Reconciliations regularlyFinancial Reporting & MIS:- Prepare and present MIS reports, P&L statements, and balance sheet analysis at business unit levels - Consolidate financial data for management review, highlighting performance trends and variances - Conduct variance analysis (Actuals vs. Budget / Forecast) with commentary on key drivers - Support management in board, audit committee, and presentations.Budgeting, Planning & Analysis:- Support the annual budgeting and forecasting process in collaboration with business units - Monitor financial KPIs, working capital, and cost structures, providing insights for efficiency improvement - Assist in financial planning and decision-making through profitability, cost, and cash flow analysisCompliance & Controls:- Ensure compliance with local accounting standards, taxation, and regulatory requirements - Strengthen internal controls and accounting policies to ensure accuracy and mitigate risks - Liaise with tax advisors, external auditors, and regulatory authorities as requiredTeam Leadership & Stakeholder Management:- Supervise and mentor accounting staff, ensuring effective performance and professional development - Collaborate with cross-functional teams across global offices for smooth consolidation and reporting - Act as a key liaison between finance and management for financial insights and recommendationStatutory Compliance- Handle TDS, GST, and other statutory payments, including reconciliations. - Assist with timely filing of returns and coordinate with consultants for statutory obligations.Qualifications:- Qualified Chartered Accountant with relevant experience of minimum 5-8 years. (Preferred Banking Industry) - Good knowledge of Indian statutory laws (TDS, GST, PF, ESIC, Companies Act, Banking Regulations Act)Skills:- Accounting & Finalization - Financial Reporting & MIS - Budgeting, Planning & Analysis - Team Leadership & Audit Management

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