Accounts Executive

Innowell Engineering International; Chennai District; On-site; INR 350,000 - 600,000; Full time

Job summary

Innowell Engineering International in Chennai seeks an Accounts Executive to oversee core accounting functions, ensuring accurate financial reporting and compliance with accounting standards. This role bridges accounting operations with financial management and involves mentoring junior staff while collaborating with cross-functional teams.

Key duties include month-end close, statutory filings, budgeting support, and audit coordination.

Qualifications

• Experience with monthly close processes and financial statement preparation.
• Knowledge of GST, TDS, income tax filings.
• Ability to mentor junior accounting staff and collaborate with cross-functional teams.

Responsibilities

• Oversee monthly, quarterly and annual financial statements (P&L, balance sheet, cash flow).
• Lead month-end close and ensure timely reconciliations of accounts.
• Support audits and respond to audit queries with proper documentation.
• Coordinate tax filings and statutory regulatory requirements (GST, TDS, income tax).
• Identify process improvements and support automation in finance operations.

Skills

Financial reporting

GAAP IFRS knowledge

Variance analysis

Job description

Job Description

Accounts Executive:Role OverviewThe Accounts Executive is responsible for overseeing core accounting functions, ensuring accuracy in financial reporting, maintaining compliance with accounting standards, and supporting strategic financial decisions. This role acts as a bridge between accounting operations and financial management, often mentoring junior staff while collaborating with cross-functional teams.Key ResponsibilitiesFinancial Reporting & Analysis: Prepare monthly, quarterly, and annual financial statements (Balance Sheet, P&L, Cash Flow). Ensure compliance with accounting principles such as GAAP / IFRS / IND-AS. Perform variance analysis and provide insights on financial performance. Support management with detailed financial reports, dashboards, and forecasts. Assist in budgeting and financial planning processes.Month-End and Year-End Close: Lead and manage month-end closing processes. Ensure timely reconciliation of all accounts (bank, intercompany, fixed assets, etc.). Coordinate closing schedules and ensure deadlines are met. Prepare schedules required for audits.Compliance & Audit Support Ensure compliance with company policies, internal controls, and statutory regulations. Coordinate with external and in ternal auditors. Prepare audit documentation and respond to audit queries. Ensure proper documentation and record retention.Taxation & Regulatory Filing Assist in preparation and filing of tax returns (GST, TDS, Income Tax, etc.). Ensure compliance with local tax laws and deadlines. Coordinate with tax consultants and authorities if needed.Process Improvement & Controls: Identify opportunities to improve accounting processes and workflows. Implement internal controls to reduce risks and errors. Support automation initiatives within finance operations.Team Leadership & Collaboration Mentor and guide junior accountants or accounting staff. Review work of team members for accuracy and compliance. Work closely with finance managers, auditors, and other departments.