Job Description

Financial Recordkeeping

Bookkeeping: Maintain and update financial records, including ledgers and journals. General Ledger Management: Ensure that all financial transactions are accurately recorded
in the general ledger.

Bank Reconciliation: Compare and reconcile the organization's financial records with bank
statements to ensure accuracy.

Financial Reporting

Prepare Financial Statements: Compile balance sheets, income statements, cash flow
statements, and statements of equity.

Internal Reporting: Provide internal stakeholders (management, executives) with timely
financial reports for decision-making purposes.

External Reporting: Prepare reports required for external stakeholders, including tax
authorities, regulatory agencies, and investors.

Tax Preparation and Compliance

Tax Returns: Prepare and file tax returns, ensuring compliance with local, state, and federal
tax laws.

Tax Planning: Assist in minimizing tax liabilities through strategic planning and identifying
tax-saving opportunities.

Maintain Tax Records: Ensure that all tax-related records are complete and accurate.
Budgeting and Forecasting

Budget Preparation: Work with management to prepare annual or quarterly budgets and
forecasts.

Cost Control: Monitor expenditures and ensure that they remain within the approved
budget.

Variance Analysis: Identify and analyse differences between actual financial results and
budgeted figures.

Auditing and Internal Controls

Audit Support: Prepare for and support external audits, providing auditors with the
necessary documentation and explanations.

Internal Audits: Conduct internal audits to ensure compliance with internal policies,
accounting standards, and regulations.

Implementing Internal Controls: Develop and maintain effective internal controls to prevent
fraud and financial mismanagement.

Financial Analysis

Financial Data Analysis: Analyse financial data to identify trends, opportunities, and risks. Performance Metrics: Track key financial metrics (e.g., profit margins, return on investment)
to assess the organization's financial health.

Cost Analysis: Conduct cost-benefit analysis for projects or new business ventures.
Accounts Payable and Receivable

Accounts Payable: Process and manage invoices, ensuring timely payments to suppliers and
creditors.

Accounts Receivable: Track outstanding invoices, manage collections, and ensure timely
receipt of payments.

Credit Management: Monitor customer credit and payment terms, assessing credit risk.
Payroll Management

Process Payroll: Calculate wages, benefits, and deductions, and ensure timely payment of
employee salaries.

Tax Withholdings: Ensure that the correct tax deductions are made for employees, including
federal, state, and local taxes.

Benefits Administration: Manage employee benefit programs (e.g., health insurance,
retirement plans).

Financial Software Management

Accounting Software: Use accounting software (e.g., QuickBooks, SAP, Oracle) to manage
financial transactions and generate reports.

System Integration: Ensure that financial systems are integrated with other business
operations (e.g., inventory, sales, HR).

Compliance and Regulations

Stay Updated on Accounting Standards: Keep up with changes in accounting standards (e.g.,
GAAP, IFRS) and regulatory requirements (e.g., Sarbanes-Oxley Act).

Regulatory Reporting: Ensure compliance with relevant laws and regulations, including those
related to financial reporting, taxes, and corporate governance

Advisory and Strategic Support

Financial Advice: Provide advice to management on financial planning, investments, and
cost-cutting measures.

Decision Support: Assist in decision-making by providing financial insights and forecasts. Risk Management: Identify financial risks and propose measures to mitigate them.
Communication

Liaise with Stakeholders: Communicate financial information effectively to stakeholders,
including executives, investors, auditors, and regulatory bodies.

Collaboration: Work closely with other departments (e.g., operations, HR, legal) to ensure
alignment on financial goals and strategies.

Job Type: Full-time

Pay: ₹10,000.00 - ₹18,000.00 per month

Work Location: In person