Account Executive

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Job Overview

The Accounts Executive will be responsible for handling all financial transactions, preparing accounts, maintaining financial records, managing accounts payable and receivable, and ensuring compliance with accounting standards and regulations. The role will also involve working closely with the finance team to ensure smooth financial operations and accurate reporting for the companys construction projects.

Key Responsibilities:

1. Accounts Payable & Receivable:

• Invoice Processing: Process supplier/vendor invoices, ensuring accuracy and timely payments for materials, vendors , and expenses.
• Payments & Reconciliations: Assist in preparing payment schedules and ensuring timely payments to vendors and service providers.
• Receivables Management: Monitor and manage accounts receivable, ensuring timely collection of payments from clients and project stakeholders.
• Bank Reconciliations: Regularly reconcile company bank statements with accounting records to ensure all transactions are accurately recorded.

2. Financial Reporting & Record Keeping:

• Bookkeeping: Maintain accurate and up-to-date records of all financial transactions, including expenses, purchases, sales, and payroll.
• General Ledger Management: Assist in maintaining the general ledger by posting journal entries, adjusting entries, and reconciling accounts.
• Financial Statements: Assist in the preparation of monthly, quarterly, and annual financial statements, including balance sheets, profit and loss statements, and cash flow statements.

3. Taxation & Compliance:

• GST Filing: Ensure accurate preparation and timely filing of GST returns for the company, including maintaining records of all GST transactions.
• Tax Compliance: Assist with preparation of tax returns (TDS, GST, etc.), ensuring compliance with local tax laws and regulations.
• Statutory Filings: Support in the preparation of statutory filings such as PF, ESI, and other employee welfare contributions.

4. Payroll & Employee Benefits:

• Salary Processing: Assist in processing monthly payroll, ensuring timely payment and accuracy of deductions such as taxes, provident fund, and other benefits.
• Employee Benefits: Ensure proper administration of employee benefits, including insurance, leave encashment, and other allowances.

5. Internal Controls & Audit:

• Internal Controls: Ensure adherence to internal financial controls and company policies to maintain financial integrity.
• Audit Support: Assist during internal and external audits by providing necessary financial documentation and reports.

6. Cost Control & Budgeting:

• Cost Tracking: Track and monitor costs for ongoing projects, ensuring costs are within the approved budget and project timelines.
• Budget Preparation: Assist in the preparation of project budgets and financial forecasts, working closely with the project managers and senior finance team.

Qualifications:

• Educational Background: Bachelors degree in Commerce (B.Com), Accounting, or Finance. A relevant professional qualification (e.g., CA Inter, CMA, or ACCA) is a plus.
• Experience: 4+ years of experience in accounting, preferably in the Automobile

Knowledge:

• Strong knowledge of accounting principles and practices.
• Understanding of construction project accounting, including cost allocations and budgeting.
• Proficiency in accounting software (e.g., Tally, focus and any).
• Familiarity with GST, TDS, and other Indian tax regulations.

9.Skills:

• Attention to detail with excellent analytical and numerical skills.
• Ability to work under pressure and meet deadlines.
• Strong communication and interpersonal skills for interacting with internal teams, clients, and vendors.
• Proficiency in MS Office (Excel, Word, etc.) for financial analysis and reporting.
• Familiarity with payroll software and HR-related financial processes.

Preferred candidate profile