Chief Financial Transactions Specialist
2 days ago
Purchase and Cost Accountant
We are seeking a detail-oriented and analytical professional to handle purchase accounting, perform vouching, support audit readiness, and manage cost center allocations. The ideal candidate should possess a strong understanding of internal controls, procurement processes, and financial reporting to ensure accuracy, compliance, and cost optimization.
- Purchase Accounting & Controls
- Verify and process purchase transactions and vendor invoices.
- Ensure compliance with purchase order terms, tax laws, and payment terms.
- Coordinate with the procurement team to reconcile goods receipts, purchase orders, and invoices.
- Validate purchase orders, goods receipt notes (GRNs), and vendor invoices for raw materials, spares, consumables, and capital assets.
- Monitor vendor balances, advances, and resolve discrepancies.
- Vouching and Internal Checks
- Perform detailed vouching of accounting entries, including purchases, expenses, and fixed assets.
- Ensure appropriate supporting documents (invoices, approvals, contracts) are in place.
- Identify anomalies, errors, or fraudulent transactions and flag them for corrective action.
- Audit Support (Internal & Statutory)
- Prepare and maintain audit schedules and reconciliations related to purchase and cost accounts.
- Support internal and external auditors with required documentation and clarifications.
- Implement audit recommendations and strengthen internal controls accordingly.
- Cost Center Accounting
- Allocate expenses to correct cost centers in accordance with company policies.
- Monitor cost center budgets vs actuals and report variances.
- Assist in financial reporting by preparing cost center-wise profit and loss statements.
Key Requirements:
The ideal candidate will have:
- Strong knowledge of laws and regulations.
- Proficiency in enterprise resource planning systems.
- Attention to detail and strong analytical skills.
- Effective communication and coordination skills across departments.
- Ability to work under pressure and meet deadlines.
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