Accounts and Finance Associate

The Quarry; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A luxury home decor brand in Mumbai is seeking an experienced candidate for accounting roles that cover accounts receivable and payable management, along with taxation regulations. The ideal candidate should possess a Bachelor's degree in accounting and finance, with over 6 years of relevant experience and strong proficiency in MS Excel. This role offers a dynamic opportunity to contribute to a reputable company in the luxury sector.

Qualifications

• 6+ years of experience in accounting, focusing on accounts receivable, accounts payable, and taxation.
• Strong knowledge of domestic and foreign remittance processes.
• Excellent analytical and problem-solving skills.

Responsibilities

• Monitor and manage customer accounts, ensuring timely collection of payments.
• Process vendor invoices and ensure accurate and timely payments.
• Prepare financial reports and assist with month-end and year-end closing.

Skills

Accounts Receivable Management

Tax Compliance

Analytical Skills

MS Excel Proficiency

Attention to Detail

Education

Bachelor’s degree in accounting and finance

Job description

Step into a workspace that values artistry, precision and passion. Your next chapter starts here. Write to us at [e-mail]

Job Address: 1012, Devi Dayal Compound, next to Crompton Greaves, Kanjurmarg East, Mumbai, Maharashtra 400042

No. of Positions: 2

Experience: 6+ years

The Quarry is a luxury home decor brand. In just nine years, the brand is celebrated for revolutionizing the marble industry in India. And recognized as the brand to be associated with by the world's best marble quarries across continents. The Quarry is the first-of-its-kind indigenous luxury brand with more than 55% of India’s Fortune 500 families as clients currently, among other HNI and UHNI clientele.

Account Receivable

• Monitor and manage customer accounts, ensuring timely collection of payments.
• Process domestic and international payments, including wire transfers and electronic fund transfers.
• Ensure compliance with all regulatory requirements related to foreign remittance.
• Monitor foreign exchange rates and manage currency conversions as needed.
• Prepare and send invoices to clients, follow up on outstanding balances, and resolve any billing issues.
• Reconcile customer accounts and maintain accurate records of all receivable’s transactions.

Accounts Payable

• Process vendor invoices and ensure accurate and timely payments.
• Maintain vendor relationships, negotiate payment terms, and handle any discrepancies.
• Reconcile accounts payable transactions and manage the AP ledger.
• Assist in preparing tax returns and ensure compliance with local, state, and federal tax regulations.
• Handle tax-related queries and assist with audits when necessary.
• Stay updated on changes in tax laws and regulations and advise management on their impact.

Domestic and Foreign Remittance

• Process domestic and international payments, including wire transfers and electronic fund transfers.
• Ensure compliance with all regulatory requirements related to foreign remittance.
• Monitor foreign exchange rates and manage currency conversions as needed.

Reporting and Documentation

• Prepare financial reports and assist with month-end and year-end closing processes.
• Maintain accurate records of all financial transactions and prepare documentation for audits.
• Generate and analyze financial statements, including income statements, balance sheets, and cash flow statements.

Requirements

• Bachelor’s degree in accounting and finance
• 6+ years of experience in accounting, with a focus on accounts receivable, accounts payable, and taxation.
• Strong knowledge of domestic and foreign remittance processes.
• Proficiency in MS Excel.
• Excellent analytical and problem-solving skills. Attention to detail and accuracy in financial reporting.
• Knowledge of relevant laws and regulations related to taxation and remittance.