Assistant Account And Finance Manager

Paracoat Products; Talegaon Dabhade; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Paracoat Products is seeking a seasoned accounting professional to manage end-to-end accounting operations at our Talegaon Dabhade facility in Maharashtra, India. The role entails ensuring accurate ERP entries, stock verification, and timely financial reporting to support strategic decisions.

Responsibilities include close coordination of receivables/payables, budgeting, GST compliance, audits, and maintaining strong internal controls to minimize risks.

Responsibilities

• Accounting operations: manage day-to-day accounting transactions and ensure accurate and timely recording in the ERP/accounting system.
• Inventory & stock verification: conduct periodic physical stock verification and identify discrepancies.
• Financial reporting & reconciliation: prepare and review monthly, quarterly, and annual financial statements and MIS reports.
• Receivables, payables & period closing: monitor accounts receivable and accounts payable; manage month-end and year-end closing activities.
• Budgeting, cash flow & statutory compliance: assist in budgets/forecasts, monitor cash flow, ensure GST/TDS/Income Tax compliance.
• GST compliance: prepare and review monthly/periodic GST returns and reconcile GST records.
• Audit & compliance: coordinate with statutory/internal/tax auditors and prepare schedules.
• Invoice, expense & payment review: review invoices/expense claims, ensure accuracy before processing payments.
• Internal controls & documentation: maintain accounting records and strengthen internal controls.
• Financial analysis & team management: analyze discrepancies, provide MIS reports, and supervise junior staff.

Job description

Key Responsibilities

1. Accounting Operations

• Manage day-to-day accounting transactions and ensure accurate and timely recording in the ERP/accounting system.
• Ensure compliance with company accounting policies, procedures, and applicable accounting standards.
• Oversee account management activities and maintain accuracy of financial records.

2. Inventory & Stock Verification

• Conduct periodic physical stock verification and identify discrepancies.
• Prepare monthly stock statements and reconcile physical stock with ERP records.
• Coordinate with concerned departments to investigate and resolve stock variances.

3. Financial Reporting & Reconciliation

• Prepare and review monthly, quarterly, and annual financial statements and MIS reports.
• Perform bank, customer, vendor, and general ledger reconciliations.
• Ensure timely identification and resolution of reconciliation differences.

4. Receivables, Payables & Period Closing

• Monitor accounts receivable and accounts payable.
• Follow up on outstanding balances and ageing reports.
• Manage month-end and year-end closing activities and ensure adherence to accounting schedules.

5. Budgeting, Cash Flow & Statutory Compliance

• Assist in the preparation of budgets, forecasts, and variance analysis.
• Monitor cash flow requirements and banking transactions.
• Ensure compliance with statutory requirements including GST, TDS, Income Tax, and other applicable regulations.

6. GST Compliance

• Prepare and review monthly/periodic GST returns.
• Reconcile books of accounts with purchase and sales registers.
• Resolve discrepancies related to GST records and filings.

7. Audit & Compliance

• Coordinate with statutory, internal, and tax auditors.
• Prepare audit schedules, reconciliations, and supporting documents.
• Ensure timely closure of audit observations and compliance requirements.

8. Invoice, Expense & Payment Review

• Review invoices, expense claims, purchase entries, and payment documentation.
• Verify accuracy, completeness, approvals, and compliance before processing payments.
• Support smooth and controlled payment processes.

9. Internal Controls & Documentation

• Maintain proper accounting records and financial documentation.
• Strengthen internal financial controls to minimize errors and financial risks.
• Ensure proper record keeping and document management.

10. Financial Analysis & Team Management

• Analyze financial discrepancies and implement corrective actions.
• Support management with financial analysis, MIS reports, and decision-making data.
• Guide and supervise junior accounting team members.
• Allocate work, monitor performance, and ensure timely completion of accounting, reconciliation, compliance, and reporting activities.