Assistant Account Manager

Phoenix Mills; Mumbai; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

Phoenix Mills is seeking an experienced accounting professional to support month-end close, ensure accurate financial records, and assist in statutory reporting. The candidate should be proficient in SAP S/4HANA, Ind AS, and corporate accounting practices.

The role involves coordinating with auditors, preparing ECL and tax schedules, and maintaining the Fixed Asset Register while ensuring timely financial closes across periods.

Qualifications

• 5–8 years of accounting experience in corporate setups.
• CA (Inter) / CMA (Inter) / M.Com / B.Com as qualifying degrees.
• Sound knowledge of SAP S/4HANA, Ind AS, and corporate accounting practices.
• Experience with month-end close, financial reporting, and audit support.

Responsibilities

• Execute month-end, quarter-end, and year-end close activities with timely delivery.
• Manage vendor/liability accounting, MSME disclosures, and Capex/Opex classifications.
• Maintain Fixed Asset Register, depreciation, and asset reconciliations.
• Prepare ECL workings, Ind AS 109 schedules, tax schedules, and ITR-related work.
• Assist in financial reporting, audits, and liaising with statutory/internal auditors.
• Utilize SAP S/4HANA for General Ledger reconciliations and MIS reporting.

Skills

Corporate accounting

Ind AS

MSME Act

Fixed asset accounting

Month-end close

Excel

Audits coordination

Education

CA (Inter)

CMA (Inter)

M.Com

B.Com

Tools

SAP S/4HANA

Job description

JD is as below.

Position Assistant Manager Accounts Experience 5–8 Years Qualification

• Chartered Accountant (Inter) / CMA (Inter) / M.Com / B.Com
• Relevant experience in corporate accounting and financial reporting.

Job Summary

We are looking for an experienced accounting professional to support the month-end and year-end financial close process, maintain accurate accounting records, ensure compliance with accounting standards, and assist in statutory reporting. The candidate should have sound knowledge of SAP S/4HANA, Ind AS, and corporate accounting practices.

Key Responsibilities

1. Month-End Financial Closure
   • Execute monthly, quarterly, and annual book closure activities within defined timelines.
   • Account for prepaid expenses, expense provisions, and accruals.
   • Calculate and record accrued interest on Mutual Fund investments and Fixed Deposits.
   • Prepare journal entries with proper supporting documentation and reconciliations.
2. Vendor & Liability Management
   • Perform creditors' reclassification in compliance with MSME requirements.
   • Reconcile vendor advances and ensure appropriate accounting treatment.
   • Classify expenditure between Capital Expenditure (Capex) and Operating Expenditure (Opex).
   • Prepare MSME ageing reports and calculate interest payable under the MSMED Act, wherever applicable.
3. Fixed Assets Accounting
   • Maintain the Fixed Asset Register (FAR).
   • Capitalize fixed assets and process additions, disposals, and transfers.
   • Post monthly depreciation entries and reconcile fixed asset balances with the General Ledger.
4. Financial Reporting & Compliance
   • Assist the Reporting Manager in preparation of:
     • Expected Credit Loss (ECL) workings.
     • Ind AS 109 financial instrument workings.
     • Tax Audit schedules.
     • Income Tax Return (ITR) schedules.
   • Support preparation of financial statements and audit schedules.
   • Coordinate with statutory and internal auditors during audit assignments.
5. SAP S/4HANA
   • Perform accounting transactions using SAP S/4HANA.
   • Prepare and review General Ledger reconciliations.
   • Ensure accuracy of master data and accounting entries.
   • Generate MIS and financial reports from SAP.

Desired Skills

• Strong working knowledge of SAP S/4HANA.
• Good understanding of Indian Accounting Standards (Ind AS), particularly Ind AS 109.
• Knowledge of MSME Act provisions relating to vendor disclosures and interest computation.
• Experience in fixed asset accounting and month-end close activities.
• Proficiency in Microsoft Excel (Pivot Tables, VLOOKUP/XLOOKUP, SUMIFS, IFERROR, INDEX-MATCH and data analysis).
• Strong analytical, reconciliation, and problem-solving skills.
• Ability to work independently and meet strict reporting deadlines.

Preferred Industry

• Real Estate
• Construction
• Manufacturing
• Infrastructure
• Corporate Finance Shared Services