Opportunity For CMA Complete

Icmai Ahmedabad; Vasna; On-site; INR 600,000 - 900,000; Full time

Job summary

Icmai Ahmedabad is seeking a seasoned Accounting & Financial Management professional to oversee day-to-day accounting, maintain books, review GL, AP, AR, and bank transactions, and supervise monthly closes.

You will coordinate statutory reporting, GST, TDS, payroll, audits and internal controls, ensuring compliance and timely financial statements for management decisions.

Responsibilities

• Oversee day-to-day accounting and financial transactions.
• Ensure accurate maintenance of books of accounts and timely accounting of all transactions.
• Review General Ledger, Accounts Payable, Accounts Receivable and bank transactions.
• Conduct regular bank, ledger, vendor and customer reconciliations.
• Supervise monthly, quarterly and annual financial closing.
• Review provisions, accruals, prepaid expenses and other period-end adjustments.
• Coordinate preparation and finalisation of annual financial statements.
• Ensure compliance with applicable accounting standards and organisational accounting policies.

Job description

Accounting & Financial Management

• Oversee day-to-day accounting and financial transactions.
• Ensure accurate maintenance of books of accounts and timely accounting of all
• transactions.
• Review General Ledger, Accounts Payable, Accounts Receivable and bank
• transactions.
• Conduct regular bank, ledger, vendor and customer reconciliations.
• Supervise monthly, quarterly and annual financial closing.
• Review provisions, accruals, prepaid expenses and other period-end adjustments.
• Ensure proper accounting and documentation of fixed assets and depreciation.
• Coordinate preparation and finalisation of annual financial statements.
• Ensure compliance with applicable accounting standards and organisational
• accounting policies.

MIS, Budgeting & Management Reporting

• Prepare and review periodic MIS and financial reports for management.
• Prepare annual budgets in coordination with various departments.
• Monitor budget vs. actual performance and analyse significant variances.
• Prepare financial and operational analysis to support management decisions.
• Develop and monitor key financial and operational indicators.
• Provide analysis of revenue, expenditure, margins, costs and financial performance.

GST & Indirect Taxation

• Oversee GST-related accounting and compliance.
• Review GSTR-1, GSTR-3B and other applicable GST returns.
• Conduct reconciliation of purchase/input tax credit with GSTR-2B.
• Review GST input tax credit and identify discrepancies/unclaimed credits.
• Coordinate resolution with consultant for GST notices, queries and departmental
• correspondence.
• Ensure proper GST treatment and documentation for purchases, expenses and
• other transactions.

TDS & Direct Tax Compliance

• Oversee TDS computation, deduction, deposit and return filing.
• Review TDS applicability on various payments.
• Reconcile TDS payable with books and statutory records.
• Coordinate with consultants/auditors for income-tax related matters.

Salary Structure, Payroll & TDS on Salary

• Review and manage salary structures and payroll-related accounting.
• Coordinate with HR for payroll processing and salary-related matters.
• Review employee PF, Professional Tax, ESI and other applicable statutory
• deductions.
• Handle TDS computation and deduction on salary.
• Review employee tax declarations and investment proofs.
• Calculate taxable salary and applicable exemptions/deductions.
• Review/reconcile salary TDS records and coordinate preparation of Form 16.
• Resolve employee queries relating to salary taxation and TDS.

Audit & Financial Compliance

• Coordinate statutory, internal and other audits.
• Prepare audit schedules, supporting documents and financial information.
• Respond to auditor queries and coordinate closure of audit observations.
• Ensure compliance with applicable statutory and regulatory requirements.
• Strengthen internal financial controls and identify areas of financial/process risk.

Procurement & Purchase Order Controls

• Review and approve Purchase Orders (POs).
• Verify POs for budget availability, pricing, taxes, payment terms and supporting
• approvals.
• Coordinate with purchase, stores and user departments on financial and
• commercial matters.

Inventory, Stock & Consumption Control

• Coordinate and oversee periodic physical stock verification.
• Reconcile physical inventory with book/system balances.
• Analyse stock shortages, excesses, variances and obsolete/slow-moving inventory.
• Conduct consumption analysis of key materials and consumables.
• Compare actual consumption with operational requirements and historical trends.
• Investigate abnormal consumption and coordinate corrective action.

Banking & Cash Management

• Manage banking-related activities and coordination with banks.
• Monitor daily cash and bank positions.
• Review bank reconciliations and ensure timely resolution of outstanding items.
• Monitor payments and ensure appropriate financial approvals.
• Coordinate banking documentation and statutory requirements.

Legal & Compliance

• Coordinate the organisation’s routine legal and regulatory matters.
• Review agreements, contracts and other financial/legal documents from a
• commercial and financial perspective.
• Coordinate with external legal advisors and consultants wherever required.
• Maintain records of legal documents, registrations, licences and statutory
• compliances.
• Track legal/compliance matters and ensure timely action.

Fixed Assets & Capital Expenditure

• Monitor accounting and documentation of capital expenditure.
• Review purchase and capitalisation of fixed assets.
• Maintain and reconcile the fixed asset register.
• Monitor asset additions, disposals, transfers and depreciation.
• Ensure appropriate approvals and supporting documentation for capital
• expenditure.

Insurance & Risk Management

• Coordinate and manage the organisation’s insurance policies, including
• identification of insurance requirements and coverage review.
• Coordinate with insurance companies and brokers for policy renewals, quotations,
• endorsements and documentation.
• Maintain records of all insurance policies, premiums, renewal dates and related
• documents.
• Coordinate insurance claims, including preparation and submission of claim
• documentation and follow-up with insurers/surveyors.
• Coordinate insurance requirements relating to assets, premises, equipment,
• vehicles, employees and other organisational risks, as applicable.
• Ensure timely renewal of policies to avoid any lapse in coverage.