Assistant Manager -Accounts

Job Description

We are Hiring Assistant Manager, AccountsJob Location - BKC (Bandra Kurla Comlex)
• Purpose of the role
• Responsible for accurate customer and vendor transaction management, preparation of data for statutory compliance and tax assessments, as well as banking reconciliations.
• Key Responsibilities
• 1. Accounting and book closure
  - Daily review and closure of project purchases, labour and other administrative expenses- Assisting manager in compliance with Ind AS and Accounting Standards- Reconciliation of inter-company and partners transactions- Reconciliation of customer transactions and customer account closure- Preparation of bank reconciliation and status of periodic cash balance- Accounting for Assets acquisition, depreciation and Asset register- Processing and closure of payroll, employee advances, F&F settlements etc.- Cross check payroll & salary every quarter wrt master data- Solving ERP related issues and changes in day to day accounting - Review vendor outstanding and advance against works done- Review the urgent priorities for the day, week and provide special attention on the same
  1. Banking and Loan transactions
  - Periodic reconciliation of bank accounts and up to date bank balances in the system- Posting of transactions related to Fixed deposits and other investments- Checking and posting of financial costs related to bank loans and other unsecured loans- Payment to local authorities and land acquisition related payments- Preparing accurate data required to be given to Banks for regular statements or one-time requirements
  1. Statutory compliance
  - Understanding changes in taxation or other laws and advising on implications on processes such as Purchase Orders, etc for minimizing tax outflows (at manager level).- Preparation of periodic data for all types of statutory compliances like GST, TDS, Employee Compliances (PF, PT, ESIC, LWF)- Correction of variances in the ERP system regarding tax liability and vendor balances- Coordination with various departments for monthly account closure and accounting- Preparation of data against notices and tax assessments with various tax authorities for timely closure and compliance- Maintaining proper documentary evidence for all statutory payments
  1. Land and TDR accounting:
  - Booking of sale and purchase of land and updating of land bank for audit purpose- Recording for land related payments as per schedule defined in the agreement- Record and reconciliation of TDR purchase and sale by confirmation from liasioning department- Payment of TDS as applicable and compilation of necessary audit related documents
  1. Audits and Assessments:
  - Preparation and compilation of audit related documents for periodic review- Providing auditors with data required for statutory and tax audit purposes- Preparation of tax data to be shared with tax consultants- Preparation and communication of pending transactions, bill posting and approvals with all the necessary departments and follow up- Guide the team to coordinate with various departments for timely processing of the payments, bills approvals, vendor tax disputes, etc.
• 1. Customer Handling checks whether payments are in time, raise flags where delayed, etc
  2. RERA Compliance
  3. MIS / Reports Preparation
  - Create various MIS template as needed for the Manager/AGM regarding periodic accounting, tax liability and pending transactions.Sharing reports and necessary data with tax consultants and auditors as necessary- Periodic follow up with various departments like Purchase, Contracting and Sales for actions on the reports generated
  1. Team Building and Development
  - Helping the team with latest changes in our field and coordinating changes in the SOP, if necessary- Continuously share knowledge about best practices, use of computer proficiency for efficient day to day activities
RegardsChandan

Keyskills :
taxationfinanceaccountingaccounts finalizationaccounts payable