Staff Accountant

Magnit, Inc.; Vadodara; On-site; INR 400,000 - 640,000; Full time

Benefits offered by this job

Competitive PTO

Medical, dental, and vision coverage

Retirement planning

Discounts and perks

Charity matching

Volunteer hours

Job summary

Magnit is seeking an accounting professional focused on bank reconciliations. You will perform daily, weekly, and monthly reconciliations across multiple accounts and collaborate with AP, AR, and Treasury teams to resolve discrepancies.

The role requires a Bachelor’s degree in accounting or finance and 1–3 years of reconciliation experience, plus strong Excel and ERP skills. The position offers competitive PTO and benefits, including medical coverage and retirement planning, with opportunities

Qualifications

• Bachelor’s degree in accounting, Finance, or a related field.
• 1–3 years of experience in accounting or cash management, preferably in a reconciliation-focused role.
• Strong knowledge of bank reconciliation processes and accounting principles.
• Proficiency in accounting software and ERP systems (e.g., QuickBooks, PeopleSoft, AX, SAP, or similar).
• Advanced proficiency in Microsoft Excel (e.g., pivot tables, VLOOKUP, and data analysis tools).
• High attention to detail, analytical skills, and the ability to handle multiple bank accounts.
• Excellent problem-solving abilities and communication skills.
• Ability to work under pressure and meet tight deadlines.

Responsibilities

• Perform daily, weekly, and monthly bank reconciliations for multiple accounts, ensuring all cash-related transactions are accurately recorded.
• Investigate and resolve discrepancies between bank statements and general ledger balances.
• Collaborate with the Accounts Payable, Accounts Receivable, and Treasury teams to resolve outstanding reconciling items.
• Ensure all reconciling items are appropriately categorized and cleared in a timely manner.
• Ensure proper documentation and record-keeping for all bank reconciliations.
• Participate in the month-end and year-end close processes, ensuring all cash accounts are reconciled accurately and timely.
• Monitor and track daily cash balances and bank activities.
• Support internal and external audits by providing necessary documentation related to bank reconciliations.
• Assist with process improvements to streamline reconciliation and cash management activities.
• Ensure compliance with company policies, internal controls, and relevant accounting standards.

Skills

Bank reconciliations

Excel advanced

Communication skills

Analytical thinking

Education

Bachelor’s degree in accounting or finance

Tools

QuickBooks

PeopleSoft

AX

SAP

Job description

Magnit is the future of work. Serving hundreds of the world’s most recognizable brands for the past 30+ years, Magnit offers the industry’s first holistic platform for the modern workforce. Magnit's integrated workforce management (IWM) platform supported by data, software, intelligence, and best-in-class services team is key to our clients’ success. It can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency, and expertise required to meet an organization’s contingent workforce management, talent strategy and broader organization goals. At Magnit, you’ll work with passionate colleagues who collaborate and deliver meaningful results that positively transform the largest companies around the globe.

• Key Responsibilities:
  • Perform daily, weekly, and monthly bank reconciliations for multiple accounts, ensuring all cash-related transactions are accurately recorded.
  • Investigate and resolve discrepancies between bank statements and general ledger balances.
  • Collaborate with the Accounts Payable, Accounts Receivable, and Treasury teams to resolve outstanding reconciling items.
  • Ensure all reconciling items are appropriately categorized and cleared in a timely manner.
  • Ensure proper documentation and record-keeping for all bank reconciliations.
  • Participate in the month-end and year-end close processes, ensuring all cash accounts are reconciled accurately and timely.
  • Monitor and track daily cash balances and bank activities.
  • Support internal and external audits by providing necessary documentation related to bank reconciliations.
  • Assist with process improvements to streamline reconciliation and cash management activities.
  • Ensure compliance with company policies, internal controls, and relevant accounting standards.
• Qualifications:
  • Bachelor’s degree in accounting, Finance, or a related field.
  • 1-3 years of experience in accounting or cash management, preferably in a reconciliation-focused role.
  • Strong knowledge of bank reconciliation processes and accounting principles.
  • Proficiency in accounting software and ERP systems (e.g., QuickBooks, PeopleSoft, AX, SAP, or similar).
  • Advanced proficiency in Microsoft Excel (e.g., pivot tables, VLOOKUP, and data analysis tools).
  • High attention to detail, analytical skills, and the ability to handle multiple bank accounts.
  • Excellent problem-solving abilities and communication skills.
  • Ability to work under pressure and meet tight deadlines.

What Magnit will Offer You

At Magnit, you’ll be joining an innovative, high-growth environment and can quickly make an impact to help transform the largest companies in the world. You will work with passionate colleagues who collaborate and deliver. Magnit offers all employees the opportunity for growth and development, and we want individuals to fulfill their potential and blaze their own trails!

Magnit will offer you a competitive PTO and benefits package, including medical, dental, and vision coverage, retirement planning, as well as discounts and perks for tickets, travel, merchandise and more! Magnit encourages employees to participate in giving back, and we will match employee contributions to favorite charities and support corporate volunteering hours to make a difference in your community!

If this role isn’t for you

To do our best work we need different viewpoints. Therefore, we celebrate diversity and embrace inclusion.

As an equal opportunity employer, we are dedicated to building a team that represents a variety of backgrounds, perspectives, and skills. We strive to ensure that we maintain a positive and enriching work environment for all.