Accounts and Audit Associate

**Job Title**: Accounts and Audit Associate
**Department**: Finance & Audit
**Reports To**: Audit Manager/Senior Accountant
**Location**: [Insert Location]
**Employment Type**: Full-Time

**Job Summary**:
As an **Accounts and Audit Associate**, you will be responsible for assisting with both accounting functions and audit assignments. You will support the accounting team in maintaining financial records and processing transactions while assisting auditors in assessing internal controls, financial reporting, and compliance. This dual role offers a broad range of experience in both accounting and auditing, providing an excellent foundation for your career.

**Key Responsibilities:Accounting Functions**:

- **Financial Record Maintenance**:

- Assist in maintaining the general ledger by ensuring accurate posting of journal entries.
- Record day-to-day financial transactions such as accounts payable, accounts receivable, and payroll.
- Reconcile bank statements and financial discrepancies by collecting and analyzing account information.
- **Financial Reporting**:

- Assist in the preparation of monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements.
- Ensure that financial records are accurate, complete, and comply with accounting policies and procedures.
- **Tax** **and Statutory Compliance**:

- Assist in preparing tax returns, ensuring compliance with all relevant tax laws and regulations.
- Help in preparing tax reports and filings, including GST, and income tax returns.
- Preparation and Filing of TDS, PT, PF, ESI Returns.
- **Support Month-End and Year-End Closings**:

- Assist in month-end and year-end closing processes, including account reconciliations and adjustments.
- Assist in the preparation of audit schedules and reports for external auditors during the annual audit.

**Audit Functions**:

- **Audit Engagements**:

- Assist in planning, executing, and completing external and internal audit engagements.
- Perform tests of controls, procedures, and substantive testing on financial transactions.
- Verify the accuracy of financial statements by reviewing documents and conducting tests on account balances.
- **Internal Control Assessments**:

- Evaluate the effectiveness of internal controls by reviewing and analyzing client accounting systems and operations.
- Identify areas of risk and non-compliance, and propose recommendations for improvements.
- **Compliance Checks**:

- Assist in ensuring compliance with accounting standards (GAAP/IFRS), tax regulations, and corporate governance requirements.
- Participate in audit activities to ensure adherence to regulatory requirements.
- **Preparation of Audit Documentation**:

- Prepare working papers and audit documentation that clearly supports the conclusions drawn.
- Draft audit reports summarizing findings and recommendations for client review.
- **Client Interaction**:

- Communicate with clients to gather financial data, documentation, and clarification during the audit process.
- Assist in resolving client queries and addressing concerns regarding audits and financial processes.

**Qualifications**:

- Bachelor’s degree in Accounting, Finance, or a related field.
- A qualification such as **CA (Chartered Accountant)**, **CPA (Certified Public Accountant)**, or **ACA (Associate Chartered Accountant)** is an added advantage or actively pursuing such certifications.
- Knowledge of accounting standards (GAAP/IFRS) and auditing practices.
- Excellent numerical and analytical skills.
- Proficiency in Microsoft Office (Excel, Word) and accounting/audit software.
- Strong organizational and time management skills.
- Attention to detail and accuracy in handling financial data.
- Strong communication skills, both verbal and written.

**Skills Required**:

- Ability to work in a fast-paced environment and manage multiple tasks simultaneously.
- Analytical mindset with strong problem-solving capabilities.
- Team-oriented with the ability to work independently as well.
- Understanding of accounting software (e.g., Tally, QuickBooks, SAP) and audit tools.

**Experience**:

- Prior experience in accounting, finance, or auditing is beneficial (internships or full-time positions).

Pay: ₹200,000.00 - ₹300,000.00 per year

**Benefits**:

- Flexible schedule

Schedule:

- Rotational shift

Supplemental Pay:

- Yearly bonus

Ability to commute/relocate:

- Bengaluru, Karnataka: Reliably commute or planning to relocate before starting work (required)

**Education**:

- Bachelor's (required)

**Experience**:

- Accounting and Auditing: 2 years (required)
- PF, PT and TDS Return Filing: 2 years (required)

Shift availability:

- Day Shift (preferred)
- Night Shift (preferred)

Willingness to travel:

- 25% (preferred)

Work Location: In person

Application Deadline: 08/10/2024
Expected Start Date: 07/10/2024