Accounts Manager

ob Role:Accounts Manager

Experience:10+ Years

Roles & Responsibility:-

1.GST Compliance:

• Ensure timely filing of monthly and annual GST returns.
• Cross-verify GST TDS filings by the department and coordinate follow-up on non-filers.
• Coordinate with relevant departments to ensure all GST bills are received and processed.
• Forecast GST liabilities and communicate effectively with management.
• Calculate Reverse Charge Mechanism (RCM) and ensure compliance.
• Report to management regarding creditors aging beyond 180 days.

2.Accounting Functions:

• Manage e-Invoicing and accounting for firm receipts.
• Maintain site-wise M book records and reconcile accounting entries.
• Oversee accounting for subcontracting activities according to contract terms.
• Capable of adapting to and accounting for new transactions efficiently.

3.Financial Finalization:

• Finalize firm and individual accounts including confirmation of debtors, creditors, and loans.
• Prepare Profit & Loss (P&L) and Balance Sheet (B/S) statements.
• Verify loan statements and ensure timely filing of departmental TDS.
• Prepare documents for TDS return filing quarterly and ensure timely payment of TDS and Advance Tax.
• Monitor and follow up on TDS corrections and maintain individual financial records.

4.Bank Coordination:

• Coordinate with banks for net worth, CMA, cash flow, and fund flow preparation.
• Submit monthly Drawing Power statements and documents for BG & OD renewal/enhancement.
• Prepare projections and provisions as required, and update project details regularly.
• Submit FFR1 & FFR 2 forms as per schedule.

5.Legal Compliance and Updates:

• Stay updated with new amendments in GST, Income Tax Act, and relevant laws.
• Demonstrate the ability to understand and implement new regulatory changes effectively.

6.MCA Compliance:

• File necessary forms annually and handle specific amendments when required.

7.Credit Rating:

• Assist in maintaining the organization's credit rating.

8.Documentation and Communication:

• Draft letters, agreements, and other relevant documents as needed.
• Prepare accounting-related documents for tender submissions.

9.Forward-Thinking and Planning:

• Proactively anticipate future transactions and events, planning in advance for financial needs.

Desired Skill:-

1. Financial Acumen: Strong understanding of financial principles, including accounting standards, taxation laws, and financial reporting requirements.
2. GST Expertise: Proficiency in Goods and Services Tax (GST) regulations, including filing returns, managing GST TDS, and staying updated on amendments to GST laws.
3. Accounting Proficiency: Ability to handle various accounting tasks such as e-invoicing, ledger maintenance, reconciliation, and financial finalization.
4. Analytical Skills: Strong analytical abilities to interpret financial data, identify trends, and make data-driven decisions.
5. Communication Skills: Excellent verbal and written communication skills to liaise with internal stakeholders, external agencies, and regulatory bodies effectively.
6. Attention to Detail: Keen attention to detail to ensure accuracy in financial records, compliance filings, and reporting.
7. Time Management: Efficient time management skills to prioritize tasks, meet deadlines, and manage multiple responsibilities simultaneously.
8. Problem-Solving Abilities: Ability to identify financial issues, analyze root causes, and develop effective solutions.
9. Software Proficiency: Familiarity with accounting software, financial management tools, and MS Office suite for data analysis and reporting.
10. Regulatory Compliance: Knowledge of regulatory requirements related to financial reporting, tax filings, and compliance with laws such as Income Tax Act and Companies Act.
11. Strategic Financial Planning: Capacity to foresee future transactions and events, plan in advance, and contribute to strategic financial decision-making.
12. Team Collaboration: Ability to collaborate effectively with cross-functional teams, including finance, operations, and legal departments.
13. Adaptability: Flexibility to adapt to changing business environments, new technologies, and evolving regulatory frameworks.
14. Ethical Conduct: Commitment to ethical conduct, integrity, and confidentiality in handling financial information and transactions.
15. Continuous Learning: Willingness to stay updated on industry trends, best practices, and regulatory changes through ongoing learning and professional development.