Assistant Manager - Accounts & Taxation

Thrive Management Services; Mumbai City; On-site; INR 420,000 - 700,000; Full time

Job summary

Thrive Management Services in Mumbai seeks an Assistant Manager for Accounts & Taxation to manage day-to-day accounting, bank reconciliations and tax compliance for individuals and entities. You will handle data entry, posting entries, and ensure books are updated through trial balance, with close coordination with auditors and consultants.

The role requires strong MS Excel skills, experience with accounting software/ERP, and a solid grasp of TDS and income tax computations across salary,

Qualifications

• Solid understanding of accounting principles and practical accounting.
• Hands-on experience in accounting software/ERP and MS Excel.
• Strong understanding of TDS provisions and Income Tax compliance.
• Good knowledge of individual income tax computation and capital gains.
• Ability to prepare advance tax workings.
• Ability to independently handle bank reconciliations and ledger scrutiny.
• Good analytical and reconciliation skills.

Responsibilities

• Handle day-to-day accounting and data entry in accounting software.
• Pass accounting entries for income, expenses, investments, loans, interest, bank transactions and other financial transactions.
• Ensure books of accounts are updated and accurate.
• Prepare and maintain books of accounts up to Trial Balance level.
• Review ledgers, identify discrepancies and carry out necessary corrections.
• Coordinate for monthly and year-end closing of books.
• Prepare monthly bank reconciliation statements for all bank accounts.
• Identify and resolve unreconciled items and follow up with concerned departments/banks.
• Ensure timely accounting of bank charges, interest, transfers and other transactions.
• Maintain and monitor the tax portfolio of individuals/HNIs and related entities.
• Prepare income tax computations for individuals covering salary, business/professional income, capital gains, interest, dividends, foreign income, investments and other sources.
• Prepare workings for advance tax and self-assessment tax.
• Review Form 26AS, AIS and TIS and reconcile the same with books and supporting documents.
• Maintain records of investments, capital gains, loans, gifts and other relevant transactions for tax compliance.
• Coordinate with statutory auditors, tax consultants and other professional advisors.
• Provide accounting records, schedules, reconciliations and supporting documents as required.
• Prepare replies/workings for auditor and consultant queries.
• Assist in responding to Income Tax notices, TDS notices and other departmental communications.
• Track pending queries and ensure timely closure.
• Prepare periodic schedules, reconciliations and management reports as required.
• Maintain proper documentation and supporting records for accounting and tax transactions.
• Ensure compliance with internal accounting and tax processes.
• Maintain confidentiality of financial, tax and personal information.

Skills

Accounting software

MS Excel

TDS & tax compliance

Bank reconciliations

Tax computations

Audit coordination

Communication skills

Tools

Accounting software/ERP

Job description

Position: Assistant Manager

Accounts & Taxation Key Responsibilities

1. Accounting & Book Keeping

1. Handle day-to-day accounting and data entry in accounting software. 2. Pass accounting entries for income, expenses, investments, loans, interest, bank transactions and other financial transactions.

3. Ensure books of accounts are updated and accurate.

4. Prepare and maintain books of accounts up to Trial Balance level.

5. Review ledgers, identify discrepancies and carry out necessary corrections.

6. Coordinate for monthly and year-end closing of books.

2. Bank Reconciliation

• Prepare monthly bank reconciliation statements for all bank accounts.
• Identify and resolve unreconciled items and follow up with concerned departments/banks.
• Ensure timely accounting of bank charges, interest, transfers and other transactions.

3. TDS & Tax Compliance

• Handle monthly TDS working and ensure timely deduction and payment of TDS.
• Prepare TDS returns and coordinate for issuance of TDS certificates.
• Reconcile TDS payable/paid balances with books and Form 26AS/AIS wherever applicable.
• Assist in responding to TDS notices and other tax-related communications.

4. Income Tax Individuals

• Maintain and monitor the tax portfolio of individuals/HNIs and related entities.
• Prepare income tax computations for individuals covering salary, business/professional income, capital gains, interest, dividends, foreign income, investments and other sources.
• Prepare workings for advance tax and self-assessment tax.
• Review Form 26AS, AIS and TIS and reconcile the same with books and supporting documents.
• Maintain records of investments, capital gains, loans, gifts and other relevant transactions for tax compliance.

5. Audit & Consultant Coordination

• Coordinate with statutory auditors, tax consultants and other professional advisors.
• Provide accounting records, schedules, reconciliations and supporting documents as required.
• Prepare replies/workings for auditor and consultant queries.
• Assist in responding to Income Tax notices, TDS notices and other departmental communications.
• Track pending queries and ensure timely closure.

6.MIS & Reporting

• Prepare periodic schedules, reconciliations and management reports as required.

7. Documentation & Controls

• Maintain proper documentation and supporting records for accounting and tax transactions.
• Ensure compliance with internal accounting and tax processes.
• Maintain confidentiality of financial, tax and personal information.

Knowledge & Skills Required

• Good knowledge of accounting principles and practical accounting.
• Hands‑on experience in accounting software/ERP and MS Excel.
• Strong understanding of TDS provisions and Income Tax compliance.
• Good knowledge of individual income tax computation and capital gains.
• Ability to prepare advance tax workings.
• Ability to independently handle bank reconciliations and ledger scrutiny.
• Good analytical and reconciliation skills.
• Ability to coordinate effectively with auditors, consultants, banks and internal teams.
• Good written and verbal communication skills.