Assistant Manager - Accounts

Anika Industries; Hyderabad; On-site; INR 600,000 - 900,000; Full time

Job summary

Anika Industries in Hyderabad, Telangana, is seeking a finance professional to manage end-to-end accounting processes. The role emphasizes books closure, vendor controls, GST compliance, payroll accounting, AR/AP management, and internal controls.

You will review ledgers, drive month-end and year-end closings, prepare monthly financial statements, and deliver actionable insights to the Finance Controller. Strong detail orientation and familiarity with statutory requirements are essential.

Responsibilities

• Books closure and accounting control: ensure accuracy of books and perform ledger scrutiny on a fortnightly and monthly basis.
• Accounts payable and vendor controls: analyse vendor ageing, ensure reconciliations and monitor vendor master hygiene.
• GST and tax compliance: reconcile GST and optimize ITC, ensure TDS deductions and timely remittances.
• Vendor compliance management: track MSME docs, verify PAN/GST registrations and active vendor agreements.
• Financial reporting and analysis: prepare monthly statements, perform variance analysis against budgets and forecasts.
• Payroll and employee accounting: manage salary accounting and payroll journal entries, reconcile payroll data.
• Accounts receivable controls: monitor AR ageing, review customer ledgers and improve collections processes.
• Audit and internal controls: support audits and ensure timely closure of observations and SOP adherence.

Job description

Key Responsibilities

1. Books Closure & Accounting Control

• Ensure accuracy and completeness of books of accounts.
• Perform detailed ledger scrutiny on a fortnightly and monthly basis.
• Identify accounting errors, unreconciled balances and control gaps and ensure timely resolution.
• Drive month-end and year-end closure activities within defined timelines.
• Review balance sheet schedules and supporting reconciliations.

2. Accounts Payable & Vendor Controls

• Conduct vendor-wise ageing analysis and advance reviews on a fortnightly basis.
• Identify long outstanding advances, debit balances and unreconciled vendor accounts and drive closure.
• Ensure vendor ledger reconciliations are completed regularly.
• Monitor vendor master hygiene and compliance requirements.
• Track agreement validity and ensure timely renewals through periodic follow-ups.

3. GST & Tax Compliance

• Drive vendor-level GST reconciliation and ITC optimization.
• Ensure maximum eligible GST credits are availed and GST cash outflow is minimized.
• Identify vendor non-compliances impacting ITC and coordinate corrective actions.
• Monitor GST mismatches and ensure timely resolution.
• Ensure TDS deductions, payments and reconciliations are accurate.

4. Vendor Compliance Management

• Track and monitor MSME compliance documentation.
• Ensure PAN, GST registrations and other statutory documents remain valid and updated.
• Verify vendor agreements are active and available before processing transactions.
• Maintain compliance dashboards and periodic exception reporting.

5. Financial Reporting & Analysis

• Prepare monthly financial statements and supporting schedules.
• Perform detailed variance analysis against Budget, Prior Period and Forecast.
• Identify key business drivers and financial risks.
• Present actionable insights and recommendations to Finance Controller.

6. Payroll & Employee Accounting

• Manage salary accounting and payroll-related journal entries.
• Ensure accurate accounting of payroll provisions, reimbursements and employee recoveries.
• Reconcile payroll data with books on a monthly basis.

7. Accounts Receivable Controls

• Monitor AR ageing and collection performance.
• Review customer ledger reconciliations.
• Identify process gaps impacting collections and revenue accounting.
• Track action plans and ensure closure of issues on a fortnightly basis.
• Strengthen reporting mechanisms for early identification of collection risks.

8. Audit & Internal Controls

• Support statutory, internal and tax audits.
• Ensure readiness of schedules, reconciliations and audit documentation.
• Drive closure of audit observations within agreed timelines.
• Strengthen SOP adherence and internal control compliance.

Key Deliverables

• Accurate monthly closure of books.
• Fortnightly ledger scrutiny and closure of identified gaps.
• Vendor ageing and advance balances maintained within defined thresholds.
• Maximum eligible GST ITC claimed with minimum cash leakage.
• Zero critical compliance lapses relating to GST, TDS, MSME and vendor documentation.
• Timely preparation of financial statements and variance analysis.
• Robust AR and AP control framework with regular reporting.