Accounts Officer

Natural Remedies Pvt Ltd.; Bengaluru; On-site; INR 400,000 - 700,000; Full time

Benefits offered by this job

Equal opportunity employer

Diverse workplace

Job summary

Natural Remedies Pvt Ltd. is seeking an experienced Accounts Officer to manage the organization’s banking operations and ensure effective financial accounting functions. The role includes processing payments, maintaining statutory compliance, and coordinating with internal and external stakeholders.

The ideal candidate will have 3–6 years of experience in accounts payable or financial operations, proficiency in SAP, and strong analytical skills. Join us to contribute to our commitment to operational excellence.

Qualifications

• 3–6 years of experience in banking operations, accounts payable, or financial accounting.
• Experience handling import/export transactions and statutory payments preferred.
• Exposure to SAP or equivalent ERP system is highly desirable.

Responsibilities

• Process payments to import vendors and ensure compliance with company policies.
• Perform daily bank reconciliations and monitor banking transactions.
• Support bill discounting activities and manage export documentation.
• Coordinate with EXIM teams for documentation and legal compliance.
• Ensure timely payment of statutory dues and maintain compliance records.

Skills

Attention to detail

Accounting principles

Banking operations

Statutory compliance

Analytical skills

Education

Bachelor’s degree in Commerce, Finance, or Accounting

M.Com, MBA (Finance), CA Inter, CMA Inter

Tools

SAP

Microsoft Excel

Job description

Position Overview

We are seeking a detail-oriented Accounts Officer to support the organization’s banking operations, trade finance activities, travel expense processing, foreign exchange transactions, statutory payments, and financial accounting functions.

The role is responsible for ensuring timely payment processing, accurate accounting, statutory compliance, effective cash management, and coordination with internal and external stakeholders. The ideal candidate will contribute to efficient financial operations while maintaining the highest standards of accuracy, compliance, and process excellence.

Key Responsibilities

Banking Operations & Payment Processing

• Process payments to import vendors based on approved payable reports and departmental requests.
• Review supporting documents to ensure compliance with payment terms, statutory requirements, and company policies.
• Coordinate with internal departments and banking partners on payment-related matters.
• Maintain accurate accounting records and ensure timely posting of transactions.
• Support domestic and international payment processing activities.
• Perform daily bank reconciliations and monitor all banking transactions.
• Investigate and resolve unreconciled entries and discrepancies promptly.
• Review and account for bank charges accurately.
• Escalate anomalies and initiate corrective actions when required.
• Maintain reconciliation records and supporting documentation.

Trade Finance & Export Documentation

• Support bill discounting activities and export documentation processes.
• Coordinate with EXIM teams for export bill submissions and discounting requirements.
• Manage documentation related to EDPMS, IDPMS, IRM, and ORM compliance.
• Initiate and monitor SAP entries related to trade finance transactions.
• Ensure timely closure of outstanding trade-related documents and transactions.

Corporate Credit Card Administration

• Manage corporate credit card issuance, renewals, and credit limit enhancements in accordance with company policies.
• Monitor card utilization and ensure timely settlement of expenses.
• Coordinate with employees and card providers on card-related matters.
• Ensure compliance with applicable statutory documentation requirements, including No PE, TRC, Forms 15CA, and 15CB where applicable.
• Reconcile card accounts and monitor outstanding balances.

Travel Expense Management

• Process employee travel and expense claims in line with company policies.
• Verify supporting documents and ensure timely accounting and settlement of claims.
• Reconcile employee vendor accounts and monitor outstanding advances.
• Ensure compliance with travel and reimbursement policies.

Forex Cash Management

• Coordinate with authorized foreign exchange service providers for employee travel requirements.
• Arrange foreign exchange advances as per approved travel plans and company policies.
• Maintain accurate accounting records for forex transactions.
• Ensure timely return and accounting of unutilized foreign currency balances.
• Monitor forex holdings and ensure compliance with applicable regulations.

Statutory Payments & Compliance

• Process online payments for statutory dues, including TDS, GST, EPF, ESI, Professional Tax, Customs Duty, and other regulatory payments.
• Ensure all statutory payments are made within prescribed timelines.
• Maintain compliance records and supporting documentation.
• Coordinate with auditors and regulatory authorities when required.
• Prepare schedules and supporting documents for internal and statutory audits.
• Support month-end and year-end financial closing activities.
• Arrange Earnest Money Deposits (EMDs), Demand Drafts (DDs), and Fixed Deposit Receipts (FDRs) for tender submissions.
• Maintain reconciliations for one-time vendor accounts, cash-in-transit accounts, and other control accounts.
• Support Accounts Payable and broader finance team activities as required.

Qualifications & Experience

Educational Qualifications

• Bachelor’s degree in Commerce, Finance, Accounting, or a related discipline.
• M.Com, MBA (Finance), CA Inter, CMA Inter, or equivalent qualifications are preferred.

Experience

• 3–6 years of experience in banking operations, accounts payable, treasury, trade finance, or financial accounting.
• Experience handling import/export transactions, banking documentation, and statutory payments is preferred.
• Exposure to SAP or similar ERP systems is highly desirable.

Technical & Functional Skills

• Strong knowledge of accounting principles and banking operations.
• Experience in bank reconciliations and payment processing.
• Understanding of import/export documentation, EDPMS, IDPMS, IRM, ORM, and bill discounting processes.
• Knowledge of GST, TDS, EPF, ESI, Professional Tax, Customs Duty, and other statutory compliance requirements.
• Hands‑on experience with SAP or similar ERP systems.
• Advanced proficiency in Microsoft Excel and financial reporting tools.
• Strong documentation, reconciliation, and record‑management skills.
• Strong ownership and accountability.
• High attention to detail and accuracy.
• Excellent analytical and problem‑solving abilities.
• Effective coordination and stakeholder management skills.
• Strong organizational and time‑management capabilities.
• Ability to manage multiple priorities and meet deadlines.
• High integrity and commitment to maintaining confidentiality.
• Process‑oriented mindset with a strong focus on compliance and operational excellence.

Key Performance Indicators (KPIs)

• Timely processing of payments within defined service‑level timelines.
• Full compliance with statutory requirements and company policies.
• No unreconciled bank entries outstanding beyond two working days.
• Timely closure of EDPMS, IDPMS, IRM, and ORM documentation requirements.
• Timely settlement of travel claims and corporate card expenses.
• Accurate and on‑time statutory payments.
• Timely completion of month‑end closing and audit support activities.
• Accuracy and completeness of account reconciliations and financial records.

Equal Opportunity Employer

Natural Remedies Pvt. Ltd. is an equal opportunity employer committed to fostering a diverse and inclusive workplace. We value individual differences and provide equal employment opportunities to all qualified applicants regardless of race, gender, age, religion, disability, or any other protected characteristic.