Senior Accounting & Finance Executive

Position Title: Accounting & Finance Executive

Department: Finance & Accounts

Reports To: Finance Manager / CFO

Location: Mumbai, Maharashtra

Employment Type: Full-time

Role Summary

We are seeking a detail-oriented and proactive Accounting & Finance Executive to manage end-to-end accounting operations including accounts payable and receivable, bank and vendor reconciliations, taxation compliance, month-end/year-end closing, financial analysis, and reporting. The ideal candidate will ensure accurate financial records, timely compliance, and actionable insights for management decision-making.

Key Responsibilities

Accounts Payable (AP)

• Process and verify supplier invoices for accuracy and timely payment.
• Match invoices with purchase orders and goods received notes.
• Maintain vendor master data, including tax and banking details.
• Reconcile vendor statements and resolve billing discrepancies.
• Manage AP aging and prioritize payments based on due dates and cash flow.
• Support month-end close with AP accruals and ledger reconciliations.+2

Accounts Receivable (AR)

• Generate and issue customer invoices as per agreed terms.
• Track and follow up on outstanding receivables to ensure timely collections.
• Reconcile customer accounts and resolve disputes or discrepancies.
• Maintain AR aging reports and escalate overdue accounts as needed.
• Record cash receipts and update customer ledgers accurately.+1

Bank & Vendor Reconciliation

• Perform monthly bank reconciliations for all operating accounts.
• Reconcile vendor statements with internal records and resolve variances.
• Ensure all transactions are properly classified and posted to the general ledger.
• Investigate and rectify unexplained differences in a timely manner.+2

Taxation & Compliance

• Prepare and file GST returns (GSTR-1, GSTR-3B, GSTR-9, etc.) and TDS returns.
• Ensure timely payment of GST, TDS, and other statutory dues.
• Maintain proper documentation for tax audits and assessments.
• Coordinate with external auditors and tax consultants as required.
• Stay updated on changes in indirect and direct tax regulations.scribd

Month-End & Year-End Closing

• Prepare and post journal entries for accruals, prepayments, depreciation, and provisions.
• Reconcile key balance sheet accounts (bank, AP, AR, intercompany, fixed assets).
• Assist in preparation of trial balance and finalization of financial statements.
• Ensure all supporting schedules and documentation are complete and accurate.
• Support audit processes by providing required schedules and explanations.+2

Financial Analysis & Reporting

• Prepare monthly, quarterly, and annual financial reports (P&L, Balance Sheet, Cash Flow).
• Analyze financial data to identify trends, variances, and areas for improvement.
• Develop and monitor budgets and forecasts; report on budget vs. actual performance.
• Prepare management reports with insights on profitability, liquidity, and operational efficiency.
• Support strategic decision-making with financial modeling and scenario analysis.+2

Additional Duties

• Maintain organized financial records and ensure data security.
• Implement and improve internal controls and accounting processes.
• Collaborate with cross-functional teams to support business initiatives.
• Perform ad-hoc financial analysis and reporting as required by management.+1

Required Qualifications & Skills

• Education: Bachelor’s degree in Commerce, Accounting, Finance, or related field (B.Com, BBA, MBA-Finance). CA/ICWA or pursuing is a plus.
• Experience: 2–5 years of relevant experience in accounting and finance roles.
• Technical Skills:
• Proficiency in accounting software (e.g., Tally, SAP, QuickBooks, Zoho Books).
• Strong MS Excel skills (pivot tables, VLOOKUP, formulas).
• Knowledge of GST, TDS, and other Indian taxation laws.
• Analytical Skills: Ability to analyze financial data and prepare insightful reports.
• Attention to Detail: High accuracy in data entry, reconciliation, and reporting.
• Communication: Strong written and verbal communication for interacting with vendors, customers, and internal teams.
• Time Management: Ability to meet tight deadlines during month-end and year-end closing.+1

Preferred Qualifications

• CA/ICWA qualification or pursuing OR BCom with MBA Finance OR Expert in Accounting + Taxation
• Experience in ERP implementation or process automation.
• Knowledge of IFRS/Ind AS accounting standards.