Job Description

Must be expert in Tally and Minimum Experience of 5 years in Indian Accounting Standard ..

Senior Accountant - Lyallpur Emporium Pvt Ltd

The Senior Accountant is a key member of the finance team, responsible for ensuring the accuracy of financial records, preparing financial reports, and providing critical analysis to support operational and strategic decision-making, particularly concerning inventory and cost of goods manufactured.

Core Accounting & Reporting Responsibilities

Financial Statement Preparation:

Manage the

month-end and year-end close processes

, including journal entries, accruals, and deferrals, ensuring timely completion. Prepare and review accurate monthly, quarterly, and annual

financial statements

(Balance Sheet, Income Statement, Cash Flow Statement) in compliance with GAAP or IFRS. Maintain the integrity of the

General Ledger

by reviewing and approving journal entries and ensuring account reconciliations are performed accurately and on time.

Compliance and Audit:

Ensure strict compliance with all local, state, and federal

tax regulations

(e.g. GST, corporate tax) and assist with tax filings. Coordinate and support both

internal and external audits

, preparing required schedules, documentation, and addressing auditor queries. Develop and document accounting policies and business processes to maintain and

strengthen internal controls

and improve efficiency.

Treasury and Reconciliation:

Perform and review complex

account reconciliations

, including bank statements, fixed assets, intercompany accounts, and high-volume vendor/customer accounts. Oversee

Accounts Payable (A/P)

and

Accounts Receivable (A/R)

functions, ensuring accurate record-keeping and proper cash flow management.

Manufacturing & Cost Accounting Focus (Specific to Uniform Manufacturing Industry)

Cost of Goods Sold (COGS) Analysis:

Calculate, analyze, and report on the

Cost of Goods Sold (COGS)

, focusing on variances between actual costs and standard or budgeted costs. Maintain and analyze records for

Manufacturing Overhead

costs, ensuring proper allocation to products.

Inventory Management & Valuation:

Manage the accounting for

raw materials, Work-In-Progress (WIP), and finished goods inventory

, ensuring accurate valuation methods are applied (e.g., FIFO, Weighted Average). Oversee and reconcile perpetual inventory records with physical counts (cycle counts and annual inventory). Monitor and report on

inventory obsolescence

and scrap material, making appropriate reserve entries.

Budgeting, Forecasting, and Analysis:

Assist the Finance Head in the preparation of annual

budgets

and periodic

financial forecasts

. Conduct detailed

variance analysis

of manufacturing costs, operating expenses, and sales revenue, providing insightful explanations to management. Provide financial data and analysis to the production and management teams to help them track efficiency, reduce waste, and improve overall profitability of uniform lines.

Leadership & Other Responsibilities

Team Management & Mentoring:

Provide guidance, training, and mentorship to junior accountants or accounts payable staff. Review the work of junior staff to ensure accuracy and adherence to company policies.

System and Process Improvement:

Identify opportunities to

streamline accounting procedures

and automate processes, particularly within ERP or specialized manufacturing software. Collaborate with other departments (Production, Sales, Purchase, IT and HR) to ensure accurate and timely financial data flow.
Job Types: Full-time, Permanent

Pay: ₹15,848.29 - ₹30,000.00 per month

Benefits:

Cell phone reimbursement Paid time off Provident Fund
Work Location: In person