Assistant Manager - Accounts

Phoenix Incorporated; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Phoenix Incorporated is seeking an experienced Assistant Manager – Accounts to support month-end close, maintain accurate accounting records, and ensure Ind AS compliance. The role requires strong SAP S/4HANA knowledge and experience in corporate financial reporting.

The candidate should manage fixed asset accounting, vendor liabilities, and assist in statutory reporting, with a focus on timely, accurate financial statements and audit readiness.

Qualifications

• Sound knowledge of SAP S/4HANA, Ind AS, and corporate accounting practices.
• Experience in corporate accounting and financial reporting.
• Familiarity with month-end close processes and statutory reporting.

Responsibilities

• Month-end, quarterly and annual close activities within defined timelines.
• Account for prepaid expenses, accruals and provisions; record journal entries with supporting documentation.
• Maintain the Fixed Asset Register, capitalize assets and process disposals/transfers.
• Assist in tax schedules, ITR schedules and audit support; coordinate with auditors.
• Generate MIS and reconcile General Ledger entries in SAP S/4HANA.

Skills

Analytical thinking

Month-end close

Reconciliation

Independent worker

Education

Chartered Accountant (Inter)

CMA (Inter)

M.Com

B.Com

Tools

SAP S/4HANA

Excel

GL Reconciliation

Job description

Job Description:

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