Assistant Manager - Accounts

Anika Industries; Mumbai Suburban; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Anika Industries in Mumbai is seeking an experienced Finance & Accounting professional to oversee end-to-end accounting functions including books closure, AP/AR controls, GST compliance, payroll accounting, vendor management, and internal controls. The role emphasizes accurate financial reporting, timely month-end closures and audit readiness.

Collaboration with the Finance Controller is expected to drive process improvements and regulatory compliance.

Qualifications

• Experience in books closure and accounting controls.
• Strong GST compliance and ITC optimization knowledge.
• Payroll accounting and payroll reconciliation experience.
• AR/AP control and vendor management capabilities.
• Ability to prepare monthly financial statements and variance analysis.
• Familiarity with audit support and internal controls.

Responsibilities

• Oversee books closure and ensure accuracy of accounts.
• Conduct vendor ageing analysis and reconcile vendor accounts.
• Drive GST reconciliation, ITC optimization and TDS compliance.
• Manage vendor compliance documents and PAN/GST validity.
• Prepare monthly financial statements and perform variance analysis.
• Handle payroll accounting and reconcile payroll data monthly.
• Monitor AR ageing and improve collections and revenue accounting.
• Support audits and ensure timely closure of observations.

Skills

Accounts payable

GST compliance

Payroll accounting

Accounts receivable

Financial reporting

Internal controls

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.