
Senior Purchase Accountant
20 hours ago
Job Opportunity: Financial Operations Specialist
We are seeking a meticulous and analytical professional to manage purchase accounting, perform thorough verifications, support audit readiness, and optimize cost center allocations.
The ideal candidate should possess in-depth knowledge of internal controls, procurement processes, and financial reporting to ensure accuracy, compliance, and cost effectiveness.
Key Responsibilities:
- Purchase Accounting & Controls
- Verify and process purchase transactions and vendor invoices.
- Ensure adherence to purchase order terms, GST input credit rules, and payment terms.
- Coordinate with the procurement team to reconcile GRNs, POs, and invoices.
- Validate purchase orders, goods receipt notes (GRNs), and vendor invoices for raw materials, spares, consumables, and capital goods.
- 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 P&L statements.
Requirements:
- Strong knowledge of accounting standards, tax regulations, and ERP 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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