As aresponsible Accountant you areexpected to cater for the requirements of managing accounts and administrativerequirements of the organization.
You would be required to coordinate withbanks, creditors and investors, carry out financial transactions, maintainfinancial records, file monthly and annual GST returns, file Income TaxReturns, maintain stock statements, manage employee payrolls, manage day-to-dayoperations, maintain documents and files, and correspond with vendors andcustomers.
In doing so, you would be expected to maintain accounting and adminstandards with a professional approach to time, costs and deadlines.
Objective:-
The primaryobjective of an accountant is to ensure accurate financial records, compliancewith relevant regulations, and support informed decision-making within theorganization.
KeyResponsibilities
Financial Record Keeping:
Maintain accurate and up-to-date financial records.
Record financial transactions in the general ledger and subsidiary ledgers.
Reconcile bank statements and other financial accounts regularly.
Budgeting and Forecasting:
Collaborate with relevant departments to develop annual budgets.
Monitor budget performance and provide variance analysis.
Assist in financial forecasting to support strategic planning.
Financial Reporting:
Prepare financial statements, including income statements, balance sheets, and cash flow statements.
Generate and analyze financial reports for management review.
Ensure compliance with accounting standards and regulations.
Tax Compliance:
Prepare and submit accurate and timely tax returns.
Stay informed about changes in tax laws and regulations.
Collaborate with external tax consultants when necessary.
Audit Support:
Facilitate internal and external audits by providing necessary documentation.
Address audit findings and implement corrective actions.
Maintain a system of checks and balances to ensure internal controls.
Expense Management:
Monitor and control expenses to ensure they align with budgetary constraints.
Review and approve employee expense reports.
Identify opportunities for cost savings.
Financial Analysis:
Conduct financial analysis to support strategic decision-making.
Provide insights into financial performance trends.
Assist in evaluating the financial impact of business initiatives.
Compliance and Regulations:
Stay updated on accounting standards, regulations, and compliance requirements.
Ensure adherence to all relevant financial laws and regulations.
Payroll Processing:
Oversee payroll processing to ensure accuracy and compliance.
Address any payroll-related issues and discrepancies.
Stay informed about changes in payroll tax laws.
Financial Software and Systems:
Utilize financial software for record-keeping and reporting.
Ensure the integrity and security of financial data.
Provide training to staff on financial systems when necessary.
Communication and Collaboration:
Collaborate with other departments to obtain necessary financial information.
Communicate financial information to non-financial stakeholders in a clear and understandable manner.
Participate in cross-functional teams for process improvement.
Requirements
Bachelor degree in accounting, Finance, or related field.
Professional certification (e.g., CPA, CMA) is preferred.
Strong knowledge of accounting principles and regulations.
Proficiency in financial software and Microsoft Excel.
Excellent analytical and problem-solving skills.
Attention to detail and high level of accuracy.
Effective communication and interpersonal skills.
Ability to work independently and as part of a team.
