Accounting Officer

4 days ago

Indore, India MAVIP Group Full time

Job description-

The is a full-time work from office role. The ideal candidate is expected to work onsite from our Indore office, Mondays to Saturdays, 10 am-7:30 pm.

Introduction-

We are looking for a detail-oriented Accounting Officer with expertise in international cross-currency accounting and service accounting. The ideal candidate will manage complex financial transactions across multiple currencies, oversee financial reporting, and ensure accurate accounting and book-keeping and analysis for service-based revenue. This role requires a deep understanding of global financial regulations, currency conversion processes, and best practices in service industry accounting, along with an added ability to work with utmost precision.

Responsibilities-

Financial Record Keeping:

  • Maintain accurate financial records, including ledger entries, accounts payable/receivable, and reconciliation of accounts.
  • Prepare and process invoices, manage payments, and ensure timely collection of receivables.

Service Accounting:

  • Oversee accounting for service-based revenue, including tracking project expenses, billable hours, and service delivery costs.
  • Implement best practices for revenue recognition and expense matching for service contracts.
  • Prepare detailed financial statements and reports specific to service offerings.

Cross-Currency Transactions:

  • Manage and record financial transactions involving multiple currencies.
  • Handle currency conversion, foreign exchange (FX) gains/losses, and maintain updated exchange rates.
  • Ensure accurate reconciliation of accounts impacted by currency fluctuations.

Invoicing & Payments: Prepare and process invoices, manage payments, and ensure timely collection of receivables.

Budgeting & Forecasting:

  • Collaborate on budget preparation, monitor financial performance, and analyze variances in domestic & international projects.
  • Identify cost-saving opportunities and suggest improvements to financial processes.

Compliance & Reporting:

  • Ensure compliance with international financial regulations and local tax requirements.
  • Prepare and submit financial reports, including variance analysis and financial forecasting.

Financial Analysis: Analyze financial data to identify trends, variances, and opportunities for cost savings.

Bank Reconciliation: Perform monthly bank reconciliations and resolve discrepancies.

Taxation & Audit Support:

  • Assist in preparing tax returns and managing documentation for multiple jurisdictions.
  • Support internal and external audits by providing accurate financial data and reports.

Expense Management: Monitor and control company expenses, ensuring they are within budget.

Collaboration:

  • Work closely with cross-functional teams, including project managers and sales, to support financial planning and decision-making for international service projects.

Requirements:

  • Bachelor's degree in accounting, Finance, or a related field.
  • Minimum of 4-5 years of experience in accounting with a focus on international cross-currency transactions and service accounting.
  • Experience with managing complex financial transactions in multiple currencies.
  • Proficient in accounting software (e.g., QuickBooks, Tally, Zoho) with a strong understanding of multi-currency modules.
  • Strong analytical skills for financial forecasting and variance analysis.
  • Expertise in handling foreign exchange transactions and managing FX gains/losses.
  • Strong attention to detail and accuracy in financial reporting.
  • Excellent problem-solving skills and ability to work under tight deadlines.
  • Effective communication skills for coordinating with international teams and stakeholders.
  • Certifications (Preferred): CPA, ACCA, or other relevant certifications in accounting or finance.

Benefits

  • Competitive salary matching industry standards
  • Performance-based bonuses
  • Opportunities for exposure in international markets
  • Ample scope of professional development & growth in a dynamic environment

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