Sr. Account Manager

Job Description – Account Manager / Key Account ManagerKey ResponsibilitiesKey Responsibilities1. Daily Accounting Activities

• Supervise and review day-to-day accounting transactions and ensure accurate posting in the accounting system.
• Review purchase, sales, receipt, payment, journal, debit note and credit note entries.
• Verify supporting documents and ensure proper accounting classification and approvals.
• Monitor accounts receivable and accounts payable.
• Review customer and supplier outstanding balances and follow up for timely settlement.
• Perform daily bank and cash transaction monitoring.
• Review accounting ledgers and identify unusual or incorrect entries.
• Ensure proper documentation and filing of accounting records.
• Coordinate with internal departments for resolution of accounting-related issues.
• Monthly Accounting Activities
• Lead the monthly closing of books of accounts within the defined timeline.
• Review all major ledger accounts and ensure proper accounting provisions and accruals.
• Prepare and review monthly trial balance, profit & loss account and balance sheet schedules.
• Review accounts receivable and payable ageing reports.
• Perform and review monthly bank reconciliation statements.
• Review inter-company and related-party transactions and reconciliations.
• Review fixed asset additions, disposals and depreciation.
• Verify salary, statutory liabilities and other month-end accounting provisions.
• Prepare monthly financial and management reports for management review.
• Coordinate with auditors, consultants and internal teams for monthly financial requirements.
• Yearly Accounting & Closing Activities
• Manage the year-end closing of books of accounts.
• Ensure all income, expenses, provisions, accruals and liabilities are properly accounted for.
• Prepare year-end schedules and supporting documents for statutory audit.
• Coordinate with statutory auditors and provide required information, explanations and supporting documents.
• Review final Trial Balance, Profit & Loss Account and Balance Sheet.
• Ensure proper reconciliation of all major balance sheet accounts.
• Review fixed assets, depreciation, provisions, advances, receivables, payables and statutory balances.
• Assist in preparation and finalization of annual financial statements.
• Support management in annual budgeting, forecasting and financial analysis.
• Taxation – TDS
• Have good working knowledge of TDS (Tax Deducted at Source) and its applicability to various business transactions.
• Ensure TDS is deducted correctly as per applicable sections and rates.
• Review TDS calculations on vendor, professional, contractual, rent, commission and other applicable payments.
• Monitor timely deposit of TDS within statutory due dates.
• Ensure timely preparation and filing of TDS returns.
• Review and reconcile TDS payable balances with books of accounts and government records.
• Ensure timely issuance and availability of TDS certificates.
• Verify customer TDS deductions and coordinate for obtaining TDS certificates where required.
• Reconcile customer TDS claims with Form 26AS/AIS and books of accounts, wherever applicable.
• Resolve TDS mismatches and coordinate with customers, vendors and tax consultants.
• Monitor changes in TDS provisions, rates and applicable sections.
• GST & Other Tax Compliance
• Handle and review basic GST and other tax-related matters applicable to business transactions.
• Review GST-related accounting entries and ensure proper documentation.
• Coordinate with the Finance/Accounts team for GST reconciliation and statutory requirements.
• Review input tax credit, output GST and applicable tax liabilities.
• Ensure proper reconciliation between books of accounts and GST records.
• Monitor tax-related changes and ensure that billing and accounting activities comply with applicable laws.
• Coordinate with external tax consultants for GST, income tax and other statutory matters, wherever required.
• Ensure timely completion of tax-related reconciliations, returns and statutory requirements.
• Bank Transaction & Banking Activities
• Manage and supervise day-to-day banking transactions.
• Review and authorize, as per company approval procedures, bank payments, fund transfers and other banking transactions.
• Monitor bank balances and ensure adequate funds are available for business requirements.
• Prepare and review payment instructions and supporting documents.
• Handle bank reconciliation on a regular basis.
• Coordinate with banks regarding account-related matters, payment issues, documentation and confirmations.
• Monitor bank charges, interest, loans, overdrafts and other banking-related transactions.
• Maintain proper records of bank guarantees, letters of credit and other banking facilities, where applicable.
• Ensure proper accounting and reconciliation of all bank transactions.
• Balance Sheet & Financial Statements
• Have strong knowledge of Balance Sheet preparation, review and analysis.
• Prepare and review balance sheet schedules and supporting reconciliations.
• Ensure proper accounting and reconciliation of:
• Fixed Assets
• Inventory
• Trade Receivables
• Trade Payables
• Advances
• Loans and Bank Borrowings
• Statutory Liabilities
• Provisions and Accruals
• Prepaid Expenses
• Inter-company Balances
• Other Current and Non-current Assets/Liabilities
• Identify and resolve discrepancies in balance sheet accounts.
• Ensure all balance sheet accounts are supported by proper documentation and reconciliations.
• Analyze major changes and movements in balance sheet accounts and report significant variances to management.
• Assist in preparation and finalization of financial statements.
• Accounts Receivable & Payable
• Monitor customer outstanding and collection status.
• Review customer ledger balances and resolve account discrepancies.
• Coordinate with the Sales/Commercial team regarding customer payments and deductions.
• Monitor vendor outstanding and ensure payments are processed as per approved terms.
• Review supplier reconciliations and resolve differences.
• Monitor credit notes, debit notes and customer/vendor adjustments.
• Audit & Compliance
• Coordinate with statutory auditors, internal auditors and tax consultants.
• Provide required schedules, ledgers, reconciliations and supporting documents during audits.
• Ensure compliance with applicable accounting standards, tax laws and statutory requirements.
• Maintain proper documentation for audit and compliance purposes.
• Follow up on audit observations and ensure timely corrective actions.
• Maintain confidentiality and security of financial information.
• MIS & Management Reporting
• Prepare and review monthly financial MIS reports.
• Provide management with financial information, analysis and explanations for significant variances.
• Prepare reports relating to sales, expenses, receivables, payables, cash flow and profitability.
• Support management in budgeting, forecasting and financial planning.
• Provide accurate financial data for management decision-making.
• Team Management
• Supervise and guide the Accounts team in daily accounting activities.
• Allocate responsibilities and monitor completion of assigned tasks.
• Review the work performed by Accounts Executives and other team members.
• Train team members on accounting procedures, taxation and compliance requirements.
• Ensure accounting activities are completed accurately and within timelines.
• Develop proper internal controls and accounting procedures.

Required Knowledge & Skills

• Strong knowledge of accounting principles and financial accounting.
• Strong knowledge of Balance Sheet, Profit & Loss Account and Trial Balance.
• Good knowledge of TDS, GST and other applicable taxation matters.
• Good knowledge of bank transactions and bank reconciliation.
• Knowledge of statutory compliance and audit requirements.
• Strong analytical and reconciliation skills.
• Good knowledge of ERP/accounting software and MS Excel.
• Ability to manage monthly and yearly closing activities.
• Good communication and coordination skills.
• Ability to independently handle accounting and taxation matters.

Key Competencies

• Accuracy and attention to detail
• Financial analysis and problem-solving
• Strong reconciliation skills
• Tax and statutory compliance awareness
• Leadership and team management
• Time management
• Confidentiality and integrity
• Strong coordination with internal and external stakeholders

Educational Qualification & Experience

• Qualification: B.Com / M.Com / CA Inter / MBA Finance or equivalent qualification.
• Experience: 7–12 years of relevant experience in Accounts & Finance, preferably in a manufacturing or corporate environment.
• Experience in handling monthly/yearly closing, taxation, banking, audits and balance sheet preparation will be preferred.

Job Type: Full-time

Pay: From ₹50,000.00 per month

Benefits

• Health insurance
• Provident Fund

Work Location: In person