Senior Account Executive

Karkhana.io; Bengaluru; On-site; USD 5,680 - 10,224; Full time

Job summary

An established industry player seeks a proactive Senior Executive - Accounts to enhance financial operations in a dynamic manufacturing environment. This role demands meticulous attention to detail and ownership, focusing on Accounts Receivable, Accounts Payable, and Inventory Management. You will collaborate with cross-functional teams to optimize processes and ensure compliance with regulatory standards. If you have a strong accounting background and are eager to contribute to organizational growth, this opportunity is perfect for you. Join a forward-thinking company where your skills will be valued and your contributions will drive success.

Qualifications

• 5-8 years of experience in accounting, preferably in supply-chain or manufacturing.
• Strong understanding of AR, AP, inventory management, and GL processes.

Responsibilities

• Manage Accounts Receivable and Accounts Payable processes efficiently.
• Maintain accurate inventory records and conduct regular audits.
• Ensure compliance with GST, TDS, and other regulations.

Skills

Accounting Skills

Analytical Skills

Problem-Solving Skills

Proficiency in ERP Systems

Advanced Excel Skills

Understanding of GST and TDS

Education

Bachelor’s degree in Commerce

MCom/MBA

Tools

ERP Systems

Job description

We are looking for a hands-on and proactive Senior Executive - Accounts to process critical financial operations while actively contributing to process improvements and operational efficiency. This role requires a strong sense of ownership, attention to detail, and the ability to take on additional responsibilities to support organizational growth in a fast-paced, supply-chain-driven contract manufacturing environment.

Key Responsibilities:

1. Accounts Receivable (AR):

• Responsible for AR process, ensuring accurate invoicing, timely collections, and proper cash application.
• Regularly prepare, review aging reports, address overdue accounts.
• Work closely with the sales team to resolve disputes, deductions, and claims.
• Ensure compliance with GST, TDS, and other legal & regulatory requirements.
• Periodic reconciliation of ledger balances, 26AS records and confirmation of balances.
• Prepare AR documentation for internal and external audits. Address audit queries and implement recommended improvements.
• Collaborate with ERP and sales teams to optimize and automate AR workflows.

2. Accounts Payable (AP):

• Responsible for AP processes, including vendor invoice processing, payment approvals, and disbursements.
• Resolve discrepancies related to invoices and payments in collaboration with the sourcing team.
• Build strong vendor relationships, negotiate payment terms, and ensure timely responses to queries.
• Monitor adherence to payment policies and prepare AP reports, such as aging and cash flow projections.
• Collaborate with ERP and sourcing teams to optimize and automate AP workflows.
• Prepare AP documentation for internal and external audits. Address audit queries and implement recommended improvements.

3. Inventory Management:

• Maintain accurate inventory records across all locations, including those with job-workers.
• Conduct regular cycle counts, audits, and reconciliations to minimize variances.
• Monitor lead times, order quantities, and re-order points to optimize stock levels.
• Prepare inventory performance reports, such as stock valuation and turnover ratios, and analyze trends.
• Enhance inventory management processes and leverage ERP systems to improve efficiency.

4. GL Management and Financial Closures:

• Ensuring accurate and timely posting of journal entries in the general ledger.
• Reconcile GL accounts, and manage month/year-end closures from AR, AP & inventory management perspective.
• Ensuring adherence to internal controls.
• Actively coordinate with internal and external auditors, providing required documentation and addressing queries.
• Stay updated on accounting standards and ensure compliance across financial operations.

5. Additional Responsibilities and Cross-Functional Support:

• Proactively take on additional responsibilities beyond the core role to support evolving business needs.
• Collaborate with cross-functional teams (Sales and Operations) to align financial goals with organizational objectives.
• Identify opportunities for process improvements across AR, AP, and inventory management functions.

Qualifications and Skills:

• Bachelor’s degree in Commerce, Accounting, or Finance (MCom/MBA preferred).
• 5–8 years of hands-on experience in accounting roles, preferably in supply-chain or manufacturing environments.
• Proficiency in ERP systems and advanced Excel skills.
• Strong accounting skills.
• Strong understanding of AR, AP, inventory management, and GL processes.
• Strong understanding of GST, TDS, and other applicable tax regulations.
• Excellent analytical, organizational, and problem-solving skills.
• A proactive mindset, with the ability to take ownership and handle additional responsibilities as needed.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Accounting/Auditing and Finance

Industries

Appliances, Electrical, and Electronics Manufacturing and Manufacturing