Head - Accountant

3 weeks ago


Hyderabad, Telangana, India ServiceNow Full time

Role Description

This is a full-time role for a Head Accountant.

The Head Accountant will be responsible for overseeing the financial operations of the company, managing financial reporting, budgeting, and forecasting activities, and ensuring compliance with accounting standards and regulations on a daily Management and Oversight:

- Oversee and manage all aspects of the company's financial operations, including accounting, budgeting, and financial reporting.

- Develop, implement, and maintain sound accounting policies, procedures, and internal controls to safeguard company assets and ensure the integrity of financial information.

- Monitor and analyze financial performance, identify trends, and provide recommendations for improvement.

- Manage cash flow, ensuring sufficient funds are available to meet ongoing operational needs and strategic objectives.

- Liaise with external auditors, tax advisors, and other financial professionals.

Financial Reporting:

- Prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow statements, in accordance with applicable accounting standards (e.g., GAAP).

- Ensure the accuracy and completeness of all financial records and transactions.

- Develop and maintain financial reporting systems to provide relevant and timely information to management.

- Analyze and interpret financial data, providing insights and explanations of variances.

Budgeting and Forecasting:

- Lead the development of the annual budget, working with department heads to ensure alignment with company goals and objectives.

- Monitor budget performance, analyze variances, and recommend corrective actions.

- Develop and maintain financial forecasting models to project future financial performance and support strategic decision-making.

- Provide financial analysis and support for new business initiatives and investments.

Compliance and Regulatory:

- Ensure compliance with all applicable accounting standards, tax laws, and regulatory requirements.

- Manage the preparation and filing of tax returns and other regulatory filings.

- Stay updated on changes in accounting standards and regulations and ensure that financial practices are in compliance.

- Implement and maintain internal controls to prevent fraud and ensure the accuracy of financial data.

Team Leadership and Management:

- Supervise and mentor accounting staff, providing guidance, training, and support.

- Delegate tasks and responsibilities effectively, ensuring efficient and accurate completion of work.

- Conduct performance reviews and provide feedback to team members.

- Foster a positive and collaborative work environment within the accounting department.

System and Process Improvement:

- Evaluate current accounting systems and processes and identify areas for improvement.

- Implement new technologies and systems to streamline accounting operations and improve efficiency.

- Develop and document business processes and accounting Bachelor's/ master's degree in Accounting, Finance, or a related field.

- Proven experience in managing financial operations, preferably in a similar industry.

- Strong knowledge of accounting principles, practices, and regulations (e.g., GAAP).

- Proficiency in financial software and tools, such as ERP systems and accounting software.

- Excellent analytical, problem-solving, and decision-making skills.

- Strong attention to detail and accuracy.

- Excellent communication, interpersonal, and leadership skills.

- Ability to work independently and as part of a team.

- Ability to manage multiple priorities and meet deadlines.

- Integrity and ethical conduct.

Preferred Qualifications:

- CA/CMA qualification is a plus

(ref:iimjobs.com)
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