Accountant

JOB DESCRIPTION:-

*NOTE*:- ONLY AND ONLY CANDIDATES WITH BUSY ACCOUNTING SOFTWARE KNOWLEDGE SHOULD APPLY......

OTHERS,PLEASE DO NOT APPLY......

We are a well-established company in Mayapuri Industrial Area, looking for a highly skilled and detail-oriented Accountant to join our team. This position offers an excellent opportunity for an individual who thrives in a fast-paced environment and is proficient in a wide range of accounting functions, from invoicing to compliance with GST regulations. The Accountant will play a key role in ensuring accurate financial reporting and compliance with internal controls and external regulations.

Key Responsibilities (KRA):

Invoicing:

• Prepare and issue accurate invoices to clients based on terms and agreements.
• Ensure that all invoices are processed and dispatched on time, reflecting the correct pricing and details.
• Coordinate with sales and project teams to verify billing information and resolve discrepancies.

Internal Account Reconciliation (Acc. Reco):

• Perform regular reconciliations of internal accounts to ensure accuracy and identify discrepancies.
• Collaborate with other departments to ensure consistency and correctness of records.
• Generate reconciliation reports and present them to management as needed.

Invoice Checking:

• Review incoming vendor invoices to verify their accuracy and compliance with purchase orders and contracts.
• Cross-check terms, pricing, and payment conditions before approving invoices for payment.
• Investigate and resolve any discrepancies or errors in invoices with vendors or internal teams.

Bank Reconciliation:

• Perform monthly bank reconciliation to ensure all bank transactions are recorded accurately.
• Investigate and resolve discrepancies between bank statements and internal records.
• Prepare detailed reports for management on reconciliation status and outstanding items.

Payment Reconciliation:

• Reconcile payments made to suppliers and ensure all payments are accurately reflected in accounting records.
• Maintain a clear record of payment transactions and assist in tracking payments made under payment terms.
• Work closely with the finance team to ensure timely and accurate payment processing.

Accounts Receivables (Acc. Receivables):

• Oversee accounts receivable processes, ensuring timely collection of outstanding payments from clients.
• Follow up on overdue accounts, negotiate payment plans, and ensure that collections are made within agreed terms.
• Prepare aging reports to monitor receivables and take corrective actions when needed.

Accounts Payables (Acc. Payables):

• Oversee the accounts payable function, ensuring all vendor payments are made on time and in compliance with company policies.
• Process invoices, credit notes, and payments promptly and accurately.
• Maintain records of all accounts payable transactions, manage payment schedules, and assist in managing cash flow.

Purchasing:

• Manage the purchasing function, ensuring that all procurement activities comply with the company's budgetary and operational needs.
• Coordinate with vendors to obtain quotes, process purchase orders, and ensure the timely delivery of goods and services.
• Maintain accurate records of purchases and ensure that all procurement documents are correctly filed and accessible.

Audit Assistance:

• Assist internal and external auditors by providing necessary documentation and reports.
• Support the audit process by ensuring all records are accurate and well-organized.
• Implement and follow up on audit recommendations to improve financial processes and controls.

Credit Note and Debit Note Management:

• Process credit and debit notes issued by clients and vendors.
• Ensure that all credit and debit notes are recorded accurately and promptly in the system.
• Coordinate with the accounts receivable and payable teams to ensure proper adjustments are made in financial records.

GST Compliance:

• Ensure compliance with GST regulations by preparing and submitting GST returns (monthly/quarterly/annual).
• Verify the accuracy of GST payments and ensure timely remittance to tax authorities.
• Stay up to date with any changes to GST laws and ensure the company's compliance.

Key Performance Indicators (KPIs):

Invoice Accuracy:

• Percentage of invoices issued without errors or discrepancies.
• Timeliness of issuing invoices based on set deadlines.

Reconciliation Accuracy:

• Percentage of reconciled accounts without discrepancies.
• Resolution time for discrepancies identified during reconciliation.

Bank and Payment Reconciliation Timeliness:

• Timely completion of bank reconciliations each month.
• Accuracy and promptness in reconciling payment transactions.

Accounts Receivable Management:

• Reduction in overdue receivables and achievement of collection targets.
• Percentage of accounts collected within the specified payment terms.

Accounts Payable Efficiency:

• Timeliness and accuracy of vendor payments.
• Reduction in late payment penalties or disputes.

Purchasing Efficiency:

• Timely processing and delivery of purchases in accordance with the budget.
• Accuracy of purchasing records and adherence to procurement policies.

Audit Compliance:

• Completion of audit tasks without major issues.
• Timely implementation of audit recommendations.

GST Compliance:

• Timely filing of GST returns with no penalties or discrepancies.
• Accurate GST payments made to authorities.

Qualifications & Skills:

• Bachelor's degree in Accounting, Finance, or a related field.
• Minimum of 3+ years of experience in accounting or finance roles, preferably in invoicing, accounts receivable, accounts payable, and GST compliance.
• Strong knowledge of accounting principles, financial processes, and tax regulations (including GST).
• Proficiency in accounting software and MS Excel; experience with ERP systems is a plus.
• Good organizational skills with attention to detail and the ability to multitask.
• Strong communication skills to interact effectively with internal teams and external vendors.
• Ability to work under pressure and meet deadlines in a fast-paced environment.

Benefits:

• Competitive salary and benefits package.
• Opportunities for professional development and career growth.
• Collaborative work environment with a focus on teamwork and excellence.