Accountant - Jewelry Industry

2 days ago

hyderabad, India Gamut HR Solutions Full time

Company OverviewGamut HR Solutions, headquartered in Hyderabad, specializes in connecting job seekers with tailored opportunities. With a dedicated team of 2-10 professionals, Gamut HR Solutions is committed to matching talented candidates with reputable companies, particularly in specialized sectors like the jewelry industry. Learn more at Job OverviewWe are seeking a skilled Accountant for the jewelry industry at Gamut HR Solutions in Hyderabad. This is a full-time, mid-level position requiring 4 to 6 years of relevant work experience. The role demands expertise in industry-specific accounting practices, ensuring financial accuracy, compliance, and efficiency for jewelry businesses.Qualifications and SkillsSioniq software proficiency, specific to the jewelry industry, enabling accurate and efficient management of sector-related transactions and processes (Mandatory skill).Comprehensive understanding and previous hands-on experience as a jewelry accountant, dealing with gemstones, precious metals, and inventory valuation (Mandatory skill).Practical background in jewelry industry accounting standards and practices, including applicable regulatory compliance and reporting (Mandatory skill).Demonstrated experience in bookkeeping, maintaining precise and organized financial records for ongoing and periodic analysis.Strong abilities in reconciliation, ensuring alignment between ledgers, bank statements, and inventory records to prevent discrepancies.Preparation and delivery of accurate financial reports, charts, and summaries for management review and strategic planning.Sound knowledge of tax compliance, GST, and regulatory requirements as applicable to jewelry businesses in India.Excellent problem-solving, analytical, and communication skills for collaboration with internal teams and external partners related to accounting and compliance matters.Roles and ResponsibilitiesManage daily accounting operations for jewelry inventory, sales, purchases, and ensure timely transaction processing using Sioniq software.Maintain accurate and up-to-date books of accounts, including ledgers, vouchers, and invoices in alignment with industry-specific tax regulations and compliance norms.Perform periodic reconciliations of accounts, inventory, and bank statements to identify and resolve discrepancies swiftly.Prepare monthly, quarterly, and annual financial statements and reports tailored to the unique financial structures of jewelry businesses.Coordinate with auditors for statutory audits, ensuring required data is organized, accessible, and compliant with prevailing laws.Monitor inventory valuations, process costing, and ensure correct classification of stock in line with organizational requirements and industry standards.Assist in budgeting, forecasting, and analysis to support business growth, risk assessment, and financial planning decisions for jewelry operations.Collaborate with management and cross-functional teams to suggest improvements in accounting systems, financial controls, and reporting procedures.

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