Junior Accountant Trainee

The duties and responsibilities of an accounts trainee, an entry-level position, typically focus on supporting the senior accounting team and learning foundational accounting practices. These tasks are essential for maintaining accurate financial records and ensuring the smooth operation of the finance department.

Core Duties & Responsibilities

The responsibilities of an accounts trainee generally fall into the following categories:

1. Bookkeeping and Data Management

This involves the day-to-day recording and processing of financial transactions.

• Financial Data Entry: Accurately recording financial transactions, such as invoices, receipts, and expense reports, into the general ledger or accounting software (like Xero or Sage).
• Accounts Payable (AP): Assisting with the processing of supplier invoices and preparing payment runs for vendors.
• Accounts Receivable (AR): Helping with sales invoice processing and performing credit control (following up on aged debtors).
• Journal Entries: Preparing and posting basic journal entries and maintaining the general ledger.

• Filing and Record Keeping: Organising and maintaining financial documents and records, ensuring they are accessible for audits.

• Reconciliation and Reporting Support

Trainees assist in checking the accuracy of records and preparing basic financial information.

• Bank Reconciliation: Performing reconciliations of bank statements with the company's internal cashbook or ledger to identify and resolve discrepancies.
• Balance Sheet Reconciliation: Assisting with the reconciliation of key balance sheet accounts.
• Month-End/Year-End: Supporting the finance team with the month-end and year-end closing processes, often by preparing supporting working papers and schedules.

• Report Compilation: Compiling data and assisting with the preparation of basic financial reports and schedules for management review.

• Compliance and Audit Assistance

Trainees help ensure the company adheres to financial regulations and supports external reviews.

• Compliance Support: Assisting with the preparation of documents for compliance filings, such as VAT returns or other tax submissions, usually under supervision.
• Audit Preparation: Assisting with the preparation for internal and external audits by organizing and compiling necessary financial documents and records.

• Fixed Asset Register: Helping to maintain the company's fixed asset register and calculating associated depreciation charges.

• Professional Development

A major component of an accounts trainee role is professional growth.

• Continuous Learning: Actively participating in professional development and training programs (like AAT, ACCA, or CIMA) to gain formal qualifications.
• Process Improvement: Identifying and suggesting opportunities for improving existing financial systems and processes to enhance efficiency and clarity.
• Software Proficiency: Developing and leveraging skills in various accounting software and Microsoft Excel (e.g., VLOOKUPs, pivot tables) for data analysis and reporting.

The accounts trainee role is a critical learning and development position, providing a foundation of practical experience that is necessary for a long-term career in accounting or finance.

Job Type: Full-time

Pay: ₹8, ₹25,409.16 per month

Benefits:

• Paid time off

Work Location: In person