Account Executive
- Key-Tech Engineering
- 4 - 6 years
- Mumbai
- 2 months ago
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Job Description
Main Duties & Responsibilities
Financial Accounting
- Oversee Accounts Payable, Accounts Receivable, cash disbursements, payroll (payments & TDS) and bank reconciliation functions.
- Ensure that all accounting effects are appropriately taken and documented.
- Ensure all entries of sales, purchase, expenses, for assigned group companies are done in an accurate and timely fashion
- Helping the team in entries as and when required
- Ensure an accurate and timely monthly, quarterly and year end close.
Accounts Payable
- Receiving bills & entering in the system
- Review and approve all invoices to be paid
- Prepare list of creditors
- Ensuring all credit cards, rents, property taxes, utility bills and other administrative expenses are paid as per schedules
- Ensure payment of Salaries and other statutory and fixed and variable benefits of people
- Maintain the Fixed Asset Register (FAR)
- Keep accounts of Petty Cash expenses
Accounts Receivables
- Prepare list of debtors
- Resolve queries of customers pertaining to bills and/or other related matters
- Follow up with Sales Team for recovery of funds
- Handle collections on invoices, especially ones that are overdue.
- Ensure receipts of rent as per schedule
- Handle Management Invoicing
- Maintain tracker for Export Benefits
Taxation & Compliances Management
- Working with the consulting CA to understand and implement Tax compliances & statutory audits
- Solving queries of the taxation department through correspondence or personal visits
- Working with the consulting CS to understand and implement Company law compliances & ROC statutory requirements
- Working with the Excise and GST Consultant to understand and implement GST
- Working with the Labour Consultant to understand and implement PF/ESIC/Bonus/Gratuity and other labour law compliances
- E-filing of returns of all above mentioned taxes
- Ensure company records are kept organized and readily available for examination.
Banking Operations
- Ensure the monthly and quarterly bank compliance activities are performed in a timely and accurate manner.
- Ensuring all bank statements are reconciled against accounting transactions
- Ensuring cash/cheque deposits and withdrawals, documents submissions run smoothly
- Ensuring all transactions of RTGS/NEFT and other funds transfer run smoothly
- Ensuring accurate and timely processing of payments of monthly salary and other creditors
Import & Export Accounting
- Managing all banking operations for Imports along with the Shipping & Logistics team
- Ensure closure of IDPMS with bank on monthly basis
- Booking of Forex Rates as per despatch plans
- Completing all licensing process required for exports
- Generating letter of credit
- Fixing foreign exchange rates
- Complying to all FERA formalities
- Complete all banking formalities for export remittances
- Advance License Accounting
Inventory Accounting
- Maintain records of cost of raw materials and cost of producing them into finished good
- Conduct Stock audits to ensure physical stock matches with system stock
- Generate inventory reports to make sure there are no discrepancies or variances
- Identify root cause of discrepancies
Cashflow Management
- Keep track of accounts receivables and following up with debtors as per monthly recovery targets
- Keep track of accounts payables and scheduling payments of creditors according cash flow arrangements
- Meet financial objectives by forecasting requirements; informing management regarding the cash flow and making requisite arrangements for timely availability of funds
- Building and maintaining relationships with important officers in banks to ensure the right overdraft facilities
- Establish and execute internal controls over the companys accounting and financial procedures.
Financial Budgeting & Controlling
- Prepare financial statements, balance sheets, cash flow reports, budgets, budget-to-actuals and financial projections.
- Analyze financial statements to provide expert financial perspective and opinions..
- Assist management in preparing the annual budget
- Ensure all data required for monthly budget tracking is build and provided in a timely manner.
- Provide accurate and comprehensive financial information to management for long-term financial strategizing.
Job Classification
Industry: Accounting / AuditingFunctional Area / Department: Finance & AccountingRole Category: Accounting & TaxationRole: Accounting & Taxation - OtherEmployement Type: Full timeContact Details:
Company: Key-Tech EngineeringLocation(s): Mumbai+ View Contact
Keyskills: Gst Calculation Tally ERP TDS Calculation Accounting Software
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Key-Tech Engineering Company About The Company: Key-Tech Engineering Company is established in 1996, serving the Fertilizer, Chemical, Petrochemical, Refinery, Polymer Plants and Leading Engineering Consultants. Key-Tech is a leading manufacturer of HP Valves, Pipe Fittings, Pipes, Lens Gaskets, H...
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