
GL Accountant
3 weeks ago
Versa Networks, Inc. is a leading vendor of next-generation Software Defined solutions and architectures, called SASE (Secure Access Service Edge). Versa is providing an end-to-end solution that both simplifies and secures the WAN/branch office network.
The goal of Versa Networks is to provide unprecedented business advantages through a software-based approach that allows for unmatched agility, cost savings and flexibility. We have created a feature-rich, scalable yet simple to use software platform to implement many different enterprise and service provider use cases, including:
· Full software-defined branch for enterprise customers.
· Secure SD-WAN for enterprises with layered security.
· Next-generation managed services for service providers.
Reporting jointly to the Bangalore-based Assistant Controller and US-based Worldwide Controller, the Accountant will be responsible for maintaining general ledger entries and reconciling financial statements. You will also be responsible for ensuring that the ledger data is accurate and precise. Ideally, you should be working in collaboration with the various departments for accounting data. In addition to this, you should possess excellent analytical and problem-solving abilities. Prior working experience as an Accountant is mandatory for this position. The role is based out of the Versa Networks’ Bangalore office. While the role is based out of India, it supports the global ledger.
Educational Qualification
Chartered Accountant (CA) or Certified Public Accountant (CPA) mandatory.
Experience
4+ years of experience working as an Accountant, or a similar role. Big-4 experience preferred.
Job Responsibilities
Maintain and update the general ledgers of all subsidiaries to ensure accuracy and completeness of financial records.
Prepare and account journal entries for various financial transactions on a day to day basis.
Prepare bank reconciliation statements and ensure accuracy
Review and account customer and vendor invoices for accuracy, completeness and account invoices
Process vendor payments and accurately apply amounts received from customers. Account customer-related and vendor-related adjustments and reconciliations.
Supports Fixed Assets GL accounting (depreciation, capitalization and also impairment of assets analysis), ensure accuracy of fixed assets register
Take ownership of prepaid expenses, including running amortization journal entries, ensuring accuracy of service periods and preparing prepayment working papers
Perform end-to-end intercompany reconciliations to ensure consistency and accuracy across entities.
Perform account reconciliations and prepare month-end working papers and ensure timely and accurate closing of financial records. Apply judgment to ensure that financial integrity of accounting entries, accruals, and account reconciliations are intact and operating effectively.
Analyze revenue, including reading contracts and analyzing the applicability of ASC 606 and prepare Monthly Recurring Revenue (MRR) sheets
Conduct monthly analysis of accounts receivables and collections, and assess the need to provide for bad debts
Assist with external audits by providing necessary documentation and explanations of financial data.
Ensure compliance with GAAP and company policies and procedures including internal controls.
Identify opportunities for process improvements and automations to increase efficiency and accuracy in accounting processes.
Supporting budgeting and forecasting activities.
Recording monthly and annual processes.
Closing books of accounts.
Assist with the preparation of other reports provided to management.
Assist with year-end audits.
Assist with quarterly and annual tax filings.
Undertake ad hoc projects as required.
Collaborating with various departments such as Sales, Legal and other departments.
Reporting any fluctuations and variances.
Essential Skills
• Hands on experience of accounting principles and standards.
· Working knowledge of Microsoft Office Tools.
• Outstanding knowledge of India GAAP (IGAAP). US Generally Accepted Accounting Principles (GAAP) knowledge is desirable.
• Ability to solve complex accounting problems and errors.
• Proficiency in NetSuite is desirable.
• Ability to meet deadlines.
Check us out
Benefits
Versa Networks is a rapidly growing organization and is built by people with vast experience in networking industry. We are a pragmatic team with a healthy work-life balance. We offer competitive compensation packages and quality of life benefit to everyone in an inspiring environment with skilled and passionate coworkers. Our exciting company culture offers a great place to work.
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