Account Manager

Alcostar Group; Chandigarh; On-site; INR 600,000 - 900,000; Full time

Job summary

Alcostar Group is seeking an Account Manager to oversee the company's accounting operations, financial records, reconciliations, statutory compliance, and financial reporting from its Chandigarh office. The role focuses on accuracy in transactions, timely closure of accounts, cash flow monitoring, and adherence to applicable accounting standards and policies.

You will manage day-to-day accounting, reporting, taxation, audits, and internal controls, leading a team to deliver audit-ready records

Qualifications

• Bachelor's degree in Commerce, Accounting, or Finance.
• CA Inter, CMA Inter, MBA Finance, or equivalent professional qualification will be an added advantage.
• Strong knowledge of GST, TDS, and financial reporting.

Responsibilities

• Oversee day-to-day accounting operations, including ledger maintenance, journal entries, and general accounting.
• Ensure accurate recording of sales, purchases, receipts, payments, expenses, and other financial transactions.
• Manage accounts payable and accounts receivable, ensuring timely payments and collection follow-ups.
• Review and reconcile general ledger accounts, bank accounts, customer accounts, and vendor accounts.
• Ensure timely preparation and closure of monthly, quarterly, and annual accounts.
• Prepare monthly financial statements, MIS reports, and management reports.
• Monitor expenses, budgets, outstanding balances, and cash flow.
• Analyse financial data and highlight significant variances to management.
• Support budgeting, forecasting, and financial planning activities.
• Provide accurate financial information to management for business decisions.
• Coordinate the preparation and filing of GST and TDS returns.
• Verify tax invoices, input tax credit, and applicable tax deductions.
• Coordinate with external auditors, tax consultants, and statutory authorities as required.

Skills

Accounting skills

Excel & ERP

GST & TDS

Analytical skills

Communication

Integrity & confidentiality

Education

Bachelor's degree in Commerce/Accounting/Finance

CA Inter / CMA Inter / MBA Finance

Tools

MS Excel

Tally

SAP

ERP systems

Job description

To manage the company's accounting operations, financial records, reconciliations, statutory compliance, and financial reporting. The Account Manager will ensure accuracy in financial transactions, timely closure of accounts, effective cash flow monitoring, and adherence to applicable accounting standards and company policies.

2. Key Responsibilities

1. Job Purpose

To manage the company's accounting operations, financial records, reconciliations, statutory compliance, and financial reporting. The Account Manager will ensure accuracy in financial transactions, timely closure of accounts, effective cash flow monitoring, and adherence to applicable accounting standards and company policies.

A. Accounting & Financial Management

• Oversee day-to-day accounting operations, including ledger maintenance, journal entries, and general accounting.
• Ensure accurate recording of sales, purchases, receipts, payments, expenses, and other financial transactions.
• Manage accounts payable and accounts receivable, ensuring timely payments and collection follow-ups.
• Review and reconcile general ledger accounts, bank accounts, customer accounts, and vendor accounts.
• Ensure timely preparation and closure of monthly, quarterly, and annual accounts.

B. Financial Reporting & Analysis

• Prepare monthly financial statements, MIS reports, and management reports.
• Monitor expenses, budgets, outstanding balances, and cash flow.
• Analyse financial data and highlight significant variances to management.
• Support budgeting, forecasting, and financial planning activities.
• Provide accurate financial information to management for business decisions.

C. Taxation & Statutory Compliance

• Ensure timely compliance with applicable GST, TDS, income tax, and other statutory requirements.
• Coordinate the preparation and filing of GST and TDS returns.
• Verify tax invoices, input tax credit, and applicable tax deductions.
• Coordinate with external auditors, tax consultants, and statutory authorities as required.
• Maintain proper documentation and records for statutory audits and assessments.

D. Accounts Payable & Receivable

• Monitor vendor payments and ensure timely settlement of approved invoices.
• Track customer outstanding balances and coordinate collection efforts.
• Reconcile customer and vendor statements.
• Resolve billing discrepancies, payment issues, and accounting disputes.
• Maintain an updated record of advances, deposits, and outstanding payments.

E. Internal Controls & Audit

• Establish and maintain effective accounting controls and financial procedures.
• Verify supporting documents, invoices, vouchers, and payment approvals.
• Identify accounting discrepancies and recommend corrective actions.
• Support internal, statutory, and tax audits.
• Ensure compliance with company policies, approval matrices, and financial procedures.

F. Team Management & Coordination

• Supervise and guide the accounts team in daily accounting activities.
• Allocate responsibilities and monitor the team's performance.
• Coordinate with HR, sales, procurement, operations, and other departments for financial documentation and reconciliations.
• Ensure the timely submission of financial data and reports.
• Maintain confidentiality and integrity of all financial information.

G. Accounting Systems & Documentation

• Ensure proper utilisation of accounting software and ERP systems.
• Maintain organised financial records, invoices, vouchers, and supporting documents.
• Identify opportunities to improve accounting processes and reporting efficiency.
• Ensure accurate and timely data entry and document management.

3. Required Qualifications

• Bachelor's degree in Commerce, Accounting, or Finance.
• CA Inter, CMA Inter, MBA Finance, or equivalent professional qualification will be an added advantage.
• Strong knowledge of accounting principles, taxation, GST, TDS, and financial reporting.

4. Experience

• Relevant experience in accounting and finance, preferably in a similar managerial role.
• Experience in handling accounting operations, reconciliations, statutory compliance, and financial reporting.
• Team-handling experience will be preferred.

5. Required Skills

• Strong accounting and financial analysis skills.
• Proficiency in MS Excel and accounting software such as Tally, SAP, or other ERP systems.
• Good knowledge of GST, TDS, and statutory compliance.
• Strong analytical, problem-solving, and organisational abilities.
• Excellent communication and coordination skills.
• High attention to detail, integrity, and confidentiality.

6. Key Deliverables

• Accurate and timely closure of monthly accounts.
• Timely preparation of MIS and financial reports.
• Timely completion of statutory filings and compliance activities.
• Regular reconciliation of bank, customer, vendor, and ledger accounts.
• Effective monitoring of receivables, payables, and cash flow.
• Maintenance of audit‑ready financial records.
• Continuous improvement in accounting processes and internal controls.