Accounts Officer
2 months ago
**Department**: Finance and Accounts
**Reports to**: Finance Manager
**Location**: VM Office and New York Academy - Jubilee Hills
**Job Summary**:
The Accounts Officer is responsible for managing the day-to-day financial transactions of the organization, including bookkeeping, payroll, accounts payable/receivable, budgeting, and reporting. The role ensures compliance with legal regulations and company policies while maintaining accurate and timely financial records.
**Key Responsibilities**:
- **Financial Record-Keeping**:
- Maintain accurate and up-to-date financial records in the company’s accounting systems.
- Record day-to-day financial transactions and ensure compliance with internal controls.
- Verify, allocate, post, and reconcile transactions.
- **Accounts Payable and Receivable**:
- Manage the processing of invoices, receipts, and payments.
- Prepare and send out invoices to customers and manage incoming payments.
- Follow up on overdue accounts and manage collection of outstanding receivables.
- Reconcile accounts payable and receivable ledgers.
- **Bank Reconciliation and Cash Management**:
- Reconcile bank statements and resolve any discrepancies.
- Monitor cash flow, manage petty cash, and prepare cash forecasts.
- Manage payments and monitor account balances to ensure sufficient funds are available.
- **Payroll Management**:
- Assist in processing payroll and ensure timely and accurate salary payments.
- Ensure compliance with tax regulations and other statutory requirements related to payroll.
- **Budgeting and Reporting**:
- Assist in preparing financial statements and reports such as balance sheets, profit and loss statements, etc.
- Provide financial data and reports to management for budgeting and forecasting purposes.
- Assist in the preparation of the annual budget and quarterly forecasting.
- **Taxation and Compliance**:
- Ensure compliance with statutory tax regulations such as TDS, GST, and other applicable taxes.
- Assist with tax audits, financial audits, and ensure timely filing of tax returns.
- **Financial Audits**:
- Assist external auditors in conducting financial audits and ensure that any discrepancies are resolved.
- Prepare documentation and explanations to support audit requirements.
- **Internal Control and Policy Implementation**:
- Maintain internal control systems to safeguard company assets and ensure compliance with financial policies.
- Ensure that financial transactions comply with company policies and legal regulations.
- **General Administration**:
- Support general administrative functions within the finance department.
- Provide financial data and reports to the management as required.
**Qualifications and Skills**:
- Bachelor’s degree in Accounting, Finance, or a related field.
- Professional accounting certification (e.g., CA, ICWA etc) is preferred.
- Minimum of 3-8 years of experience in accounting or financial management.
- Strong knowledge of accounting principles, taxation, and financial regulations.
- Strong analytical, problem-solving, and attention to detail.
- Excellent organizational skills and the ability to meet deadlines.
- Good communication skills and the ability to work collaboratively with internal and external stakeholders.
**Work Environment**:
- Full-time position with standard office hours.
- Occasionally may need to work extra hours during financial audits or fiscal year-end processes.
Pay: ₹35,000.00 - ₹55,000.00 per month
**Benefits**:
- Cell phone reimbursement
- Health insurance
Schedule:
- Day shift
**Education**:
- Bachelor's (preferred)
**Experience**:
- Accounting: 1 year (preferred)
- total work: 1 year (preferred)
Work Location: In person
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