General Ledger Manager

Location: Kolkata

Department: Finance & Accounts

Employment Type: Full-time

About Us

We are a leading player in the Tea and IT Industry in US and UK with a legacy of excellence spanning decades; our India HQ, based in Kolkata has a team of 75 people and provides support services to all the companies in the group by taking care of the whole IT, accounting, banking, supply chain, audit and treasury functions of the group. We are committed to maintaining the highest standards of financial integrity and transparency.

Who are we looking for

We are seeking an experienced Manager- General Ledger to manage and maintain the organisations General Ledger operations. The ideal candidate should have hands-on experience in GL processes, financial reporting, reconciliations, and closing activities. This role requires a strong understanding of accounting principles, ERP systems, and reporting structures to ensure accurate financial records and compliance.

Key Responsibilities:

General Ledger Management:

• Maintain and update the General Ledger (GL) with accuracy and timeliness.
• Ensure proper GL postings for various transactions, including AP, AR, Inventory, and other accounting entries.
• Maintain GL security and ensure compliance with internal controls.
• Work with Profit Centre, Cost Centre, and Chart of Accounts to ensure correct allocation and reporting.

Month-End and Year-End Closure:

• Execute month-end and year-end closing activities, ensuring accuracy and completeness.
• Manage accruals and provisions for various expenses and revenues.
• Post depreciation entries (auto-posted or manual, as required).
• Oversee capitalisation of Capex items in line with company policies and accounting standards.

Financial Reporting:

• Prepare and review Trial Balance, GL reports, and sub-ledger reports (Creditors, Debtors, Inventory Ledger).
• Ensure proper reconciliation between GL and sub-ledgers.
• Generate monthly P&L statements and assist in analysing overheads and manufacturing costs (consumption and allocation).
• Support management with financial data for decision-making and reporting purposes.

Reconciliations and Review:

• Perform regular GL reconciliations to identify discrepancies and ensure accuracy.
• Review and approve entries related to consumption, allocations, and other financial transactions.
• Collaborate with internal and external auditors during audit cycles.

Compliance and Process Improvement:

• Ensure adherence to accounting standards, statutory compliance, and company policies.
• Suggest improvements in GL processes to enhance accuracy and efficiency.
• Support ERP-related initiatives and system improvements.

Qualifications & Skills:

• Education: B.Com graduate / Professional qualification (CA, CMA, or equivalent preferred).
• Experience: 12-15 years of hands-on experience in General Ledger management within an ERP environment.
• Communication : Excellent communication skills with strong proficiency in written and spoken English
• Flexibility : Given that the position will support US/UK processes, the ability to work flexibly across UK and US time zones is a prerequisite.
• Technical Skills:
• Strong knowledge of ERP systems (e.g., SAP, Oracle, or similar).
• Expertise in Chart of Accounts, Profit Centre, and Cost Centre management.
• Proficiency in MS Excel and financial reporting tools.
• Knowledge Areas:
• GL postings for AP/AR/Inventory.
• P&L accounting, overheads, and manufacturing cost allocations.
• Accruals and provisions for month-end/year-end closures.
• Trial balance preparation and review.
• Capitalisation of Capex.
• Sub-ledger reconciliation for creditors, debtors, and inventory.
• Soft Skills:
• Strong analytical and problem-solving abilities.
• Attention to detail and accuracy.
• Good communication and coordination skills.
• Ability to work independently and meet strict deadlines.

Key Performance Indicators (KPIs):

• Accuracy and timeliness of GL postings and reports.
• Smooth execution of month-end and year-end closures.
• Timely reconciliation of GL and sub-ledgers.
• Reduction in financial discrepancies and audit findings.
• Compliance with accounting policies and statutory requirements.