Financial Specialist

2 weeks ago

kurnool, India beBeeFinance Full time

Financial Specialist RoleKey Responsibilities:Prepare and submit GST returns within prescribed deadlines, ensuring accuracy and compliance.Verify and review GST-related documents, invoices, and receipts to guarantee precision and adherence to regulations.Monitor changes in GST laws and communicate their implications to relevant stakeholders.Collaborate with internal teams and external partners to address any GST-related queries or issues promptly.Employee Payroll Management:Oversee the entire payroll process, encompassing salary calculations, deductions, reimbursements, and tax withholding.Maintain and update employee payroll records, upholding confidentiality and accuracy.Handle payroll tax deductions and ensure compliance with applicable laws and regulations.Address employee payroll inquiries and resolve discrepancies in a timely and professional manner.Accounting and Financial Record-Keeping:Accurately record financial transactions, including accounts payable and accounts receivable.Maintain general ledger entries, ensuring that all financial activities are properly documented.Reconcile bank statements, credit card transactions, and other financial accounts regularly.Generate financial reports and statements, providing insights to management on financial performance.Financial Analysis and Reporting:Assist in analyzing financial data to identify trends, variances, and opportunities for improvement.Collaborate with the finance team to prepare financial reports, budgets, and forecasts.Support the preparation of financial statements and reports required for audits and statutory compliance.Regulatory Compliance and Awareness:Ensure compliance with all relevant Indian accounting and tax regulations.Stay updated on changes in tax laws, accounting standards, and financial reporting requirements.Assist with external audits and provide necessary documentation and information as required.Collaborative Work Environment:Collaborate with various departments to gather financial data and insights for decision-making.Work closely with the finance team to streamline processes and improve overall financial efficiency.Requirements:Bachelor's degree in Accounting, Finance, or a related field.Proven experience as an Accountant with expertise in GST filing, payroll management, and bookkeeping in an Indian context.Thorough understanding of Indian accounting principles, taxation, and regulatory requirements.Proficient in using accounting software and MS Office suite.Strong analytical and problem-solving skills with an eye for detail.Excellent communication and interpersonal skills to interact effectively with team members and external stakeholders.Ability to prioritize tasks, work independently, and meet deadlines in a fast-paced environment.

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