Job Description

Urgently Required Senior Accountant for a Manufacturing Company at Thiruvaniyoor, Ernakulam.

Key Responsibilities

Maintain Accurate Financial Records: Post transactions in Tally, including journal entries, Purchase, Sales, Debit Note, Credit Note, Manufacturing Journal Entries. Ensure all vendor bills are updated on a daily basis, and maintain supporting documentation for all payments made. Daily Bank Reconciliation: Perform daily bank entries based on bank statements and reconcile them with company records to ensure alignment and identify discrepancies promptly. Debtors Balance Confirmation: Prepare monthly balance confirmations for debtors to ensure alignment between the company's financial records and debtors' accounts. Order Processing and Billing: Manage ECWID and JioMart orders by checking emails, performing accurate billing in Tally, and creating the respective selling party's name and address. Ensure that payments are reflected in the Penta Union Bank account as per company protocol. All advance orders has to process once the amount credited to Company's Account. If the amount not reflected, then the Reference Details need to collect from the party and Process the Orders. Production and Batch-wise Inventory Management: Record daily production details and batch-wise entries in Tally, ensuring accurate Work-in-Progress (WIP) and Manufacturing Journal entries. Maintain proper stock levels to prevent negative balances during invoicing and verify that batch numbers in Tally match physical inventory in the finished goods warehouse. Costing of Production and Trading Items: Prepare detailed costings for all products to assess profitability and ensure each product is sold at a profitable margin. Monitor and control production costs at every stage of the manufacturing process. Inventory Handling and Movement Analysis: Prepare daily inventory movement analysis to ensure the availability of sufficient stock levels. Monitor stock movements and identify trends to prevent shortages or overstocking. Verification and Filing of Financial Entries: Ensure timely and accurate entry of all purchase, sales, journal, bank payments, and petty cash transactions. File vouchers efficiently to support smooth and organized accounting operations, improving overall workflow. Cash and Petty Cash Management: Ensure petty cash entries are closed daily. The company primarily handles transactions through bank channels (NET, RTGS, GPAY, etc.) and does not accept cash payments for the sale of goods. Preparation of Cash and Fund Flow Statements: Maintain monthly cash and fund flow statements to track the inflows (receipts from debtors) and outflows (expenses and payments to creditors). This helps management monitor financial health and cash availability for business operations. Cash Flow Forecasting and Budgeting: Prepare forecasts for both cash inflows (to reduce outstanding debtor balances before due dates) and outflows (timely payments to creditors). This ensures efficient cash management and financial stability for the company. Receivable Follow-Up with Debtors: Conduct targeted follow-ups with debtors by identifying specific reasons for late payments and addressing them accordingly. Ensure regular communication to reduce the chances of unpaid invoices, avoiding revenue delays and ensuring a steady cash flow. Coordination and Relationship Management: Maintain strong and professional relationships with key stakeholders including the bank, auditors, debtors, and creditors. Ensure continuous communication and collaboration for the smooth functioning and growth of the company. Monthly GST Returns (GSTR1, GSTR2B & GSTR3B) Preparation: Collaborate with the consultant to ensure timely preparation and filing of GSTR1, GSTR2B, and GSTR3B within the prescribed deadlines. Ensure GSTR1 is filed by the 10th of each month. Generate GSTR2B from the GST portal by the 14th of each month, focusing on eligible input claims during reconciliation. File GSTR3B by the 20th of each month. GST Notices: Monitor and review GST notices and orders issued by the department. Regularly check the GST portal under the "Orders / Notices" section to address any pending actions. Yearly ITR Filing: Coordinate with the company auditor to ensure timely filing of the Income Tax Return (ITR) without incurring any penalties. Provide accurate and complete financial data to the auditor for the ITR filing process and ensure compliance with all required regulations. Monthly Break-Even Point Preparation: Calculate the monthly break-even point to assist in business planning and financial analysis. This involves determining the minimum sales required to cover costs and avoid losses, aiding in pricing strategies and ensuring profitability. Monthly Financial Presentation: Prepare and present comprehensive monthly financial reports, including income statements, balance sheets, and cash flow statements. Ensure these reports provide a clear overview of revenue, expenses, assets, and liabilities. Deliver the final accounts to management on the first Friday of every month. Manage Attendance and Salary Processes: Oversee the preparation and maintenance of monthly attendance records, ensure accurate salary calculations incorporating leave deductions, overtime, and incentives, and submit finalized salary data to management for approval within stipulated timelines. Ensure Sufficient Funds for Monthly Auto Debit: Prepare and monitor the list of parties for the monthly auto debit, ensuring the necessary funds are available in the bank account to cover the payment due on the 5th of each month for Indiamart. Coordinate with the finance team to ensure smooth processing and resolve any discrepancies in advance to avoid any payment delays. Preparation of Receivables and Payables List: Prepare and update the receivables and payables list every alternate day, ensuring that all transactions are accurately recorded. Ensure the list is readily available for review and submission to the CEO as and when required, providing up-to-date financial insights for decision-making. Monitor and Update Knowledge on Tax Structures & Government Policies: Regularly track changes in GST rates, tax structures, and government policies from official websites, social media channels, and other trusted resources. Collaborate with company consultants to ensure accurate and timely understanding of new regulations. Update internal systems and processes accordingly to ensure compliance with the latest legal and fiscal requirements. Study and Compliance with ICEGATE Regulations: Study and understand the regulations and policies related to the import and export of items through ICEGATE (Indian Customs Electronic Gateway). Attend training sessions provided by the company to gain expertise in using ICEGATE for smooth processing of import/export documentation and ensure compliance with all applicable laws and customs procedures. Assist with Business Expansion and New Product Pricing: Gain knowledge of the company's future expansion plans and the introduction of new products. Learn to calculate the cost and pricing of new items, including understanding the relevant HSN (Harmonized System of Nomenclature) codes and applicable GST rates. Participate in provided training to accurately apply new pricing strategies and compute costs for new products in alignment with expansion goals. Taking Initiative and Exploring New Platforms/Processes: Proactively explore and understand new platforms, tools, or processes relevant to the accounting role, including tasks that were previously maintained only partially. Independently handle these assignments by utilizing primary and secondary resources to ensure that all work aligns with the organization's goals, standards, and overall business objectives. Demonstrate a commitment to continuous improvement and adaptability. Minimum 2- 5 Years of Experience
Experience in Manufacturing Industry is added advantage.

Preferred Male candidates only.

Job Type: Full-time

Pay: ?30,000.00 - ?35,000.00 per month

Benefits:

Provident Fund
Schedule:

Day shift
Education:

Bachelor's (Preferred)
Experience:

Accounting: 3 years (Required) GST: 1 year (Preferred) Accounts Finalization: 1 year (Required)
Work Location: In person