Finance Associate

1 week ago

Bengaluru Karnataka, India BHIVE Workspace Full time

BHIVE Workspace
- Bengaluru
- Referral Category: Category 4
- 4 - 5 Years
- CA Inter with Bachelor's degree in Accounting and Finance.
- **Role**:Finance Associate

**Experience Range**:4-5 years in Accounting and Finance.

**Qualification**:CA Inter with Bachelor’s degree in Accounting and Finance.

**Role Summary**:
We are looking for a skilled Accounting professional with 4-5 years of relevant experience to join the BHIVE group. In this crucial role, you will be responsible for executing end-to-end bookkeeping functions and ensuring strict compliance with Indian financial reporting regulations. If you have a strong understanding of Indian accounting practices and thrive in a dynamic, fast-paced environment, we encourage you to apply.

**Employee Referral Policy**:
**Category**: Referral Category 4

**Key Deliverables**:
**Financial Reporting and Book-keeping**:

- Prepare accurate and timely financial statements in compliance with Accounting Standards (AS and Ind AS).
- Facilitate seamless financial transactions and cross-billing activities between multiple entities.
- Ensure accurate recording of intercompany transactions, collaborating with stakeholders for transparent and optimized cross-entity billing processes.
- Maintain MEC checklist and ensure all monthly closing accounting entries are updated. Assisting in overall improvement of accounting function, daily activities and management reporting structures.
- Foster cohesive interaction with Accounts Payable, Accounts Receivable, Tax, and Compliance teams to ensure seamless financial operations and regulatory compliance across diverse entities.
- Hands-on experience with sector, centre level P&L, monthly MIS reporting exposure.

**Statutory Compliance**:

- Ensure meticulous compliance with Income Tax and Goods and Services Tax (GST) regulations.
- Adept in GST compliance w.r.t. RCM, reversal of blocked credits, and ITC reconciliation with books.
- Manage Tax Deducted at Source (TDS) compliance, including accurate deduction, filing, and reconciliation.
- Coordinate with AP and AR teams for proper GST reporting.

**Bank Reconciliation**:

- Perform periodic bank reconciliations to ensure precision and completeness.
- Investigate and rectify any discrepancies promptly.

**Internal Controls**:

- Implement and monitor internal control procedures aligned with Indian GAAP.
- Identify opportunities for process enhancement and efficiency.

**Audit Coordination**:

- Facilitate internal and statutory financial audits, providing necessary documentation and insights to auditors.
- Experience with handling Internal Financial Controls, Internal Audit compliance preferred but not mandatory.
- Address audit findings and implement corrective actions.

**Required Skills**:

- Demonstrated experience (4-5 years) in accounting roles with a focus on accounting standards in India and relevant and regulations. (Startup experience preferred)
- Proficiency in accounting software (Zoho books preferred).
- Thorough knowledge of GST, TDS, and Income Tax.
- Analytical mindset with strong problem-solving skills.
- Excellent communication skills, both written and verbal.
- Ability to work independently and collaboratively in a fast-paced startup environment.

**How To Apply?

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