Senior Accountant

Senior Accountant / Accounts Lead

Experience: 10+ Years
Location: Bavdhan, Pune
Department: Finance & Accounts
Reporting to: Management / Finance Head
Team: 2 Accountants

Role Purpose:
To independently lead and oversee day-to-day Finance & Accounts activities, statutory compliance, banking operations, working capital, MIS, audit coordination and financial closure. The incumbent will be responsible for preparing/reviewing key financial statements, reports and statutory requirements, while supervising and guiding two accountants responsible for routine accounting activities.

Key Responsibilities

1. Finance & Accounts Leadership

• Lead the day-to-day Finance & Accounts function with support from two Accountants.
• Allocate work, monitor performance and ensure timely completion of accounting activities.
• Review accounting entries, ledgers, reconciliations and supporting documents prepared by the team.
• Establish proper accounting controls and ensure accuracy and completeness of financial records.
• Act as the primary point of coordination for management on Finance & Accounts matters.

2. Financial Accounting & Finalisation

• Take ownership of monthly, quarterly and annual closing of books of accounts.
• Prepare and/or lead the preparation of Profit & Loss Account, Balance Sheet, schedules and supporting statements.
• Ensure timely finalisation of accounts in coordination with auditors and consultants.
• Prepare and review cash-flow statements, fund-flow statements and working-capital reports.
• Analyse major variances and provide financial inputs to management.

3. GST, TDS & Statutory Compliance

• Have strong hands-on experience in GST and TDS and independently handle/review statutory compliance.
• Review GST workings, reconciliations, returns and related documentation.
• Review TDS calculations, payments, returns and reconciliations.
• Ensure all statutory payments and returns are completed within prescribed timelines.
• Coordinate with tax consultants and authorities for assessments, notices and other statutory matters.

4. Banking Operations & Bank Guarantees

• Independently handle and oversee banking operations.
• Manage Bank Guarantees (BGs), Letters of Credit (LCs), renewals, amendments, closures and related documentation.
• Coordinate directly with banks for banking requirements and documentation.
• Monitor banking facilities, charges, limits and related records.
• Review and ensure weekly Bank Reconciliation Statements (BRS).

5. Accounts Payable & Receivable

• Supervise the team in maintaining live age-wise AP and AR MIS.
• Review vendor outstanding and prepare/approve projected cash outflow.
• Review customer outstanding and prepare/monitor projected cash inflow.
• Coordinate with Commercial, Purchase and Project teams for collections and payments.
• Escalate critical overdue receivables/payables to management.

6. Government Receivables & Incentives

• Take ownership of government receivables and claims.
• Ensure timely submission and follow-up of GST refunds, Duty Drawback (DBK), RoDTEP, ITR/tax refunds and export incentives, wherever applicable.
• Monitor outstanding government receivables and ensure timely realization.
• Maintain appropriate documentation for government claims and assessments.

7. Audit & Assessment

• Lead coordination for Internal, Statutory/External and Government audits.
• Prepare and review audit schedules, reconciliations and supporting documents.
• Coordinate with auditors and consultants and ensure timely responses to audit queries.
• Track and close audit observations and compliance points.

8. OC-wise / Project-wise Costing

• Ensure 100% transaction tagging with OC/Order/Cost Centre.
• Lead OC-wise/project-wise cost monitoring and reporting.
• Review project-related expenses and ensure correct accounting allocation.
• Coordinate with Project, Procurement, Commercial and Operations teams for cost information.

9. Cash Flow & Working Capital

• Prepare and regularly update the cash-flow statement and cash-flow forecast.
• Monitor actual versus projected cash inflows and outflows.
• Support management in working-capital planning.
• Monitor receivables, payables, bank balances and upcoming financial commitments.

10. Team Management

• Supervise and guide two Accountants.
• Define daily/weekly responsibilities and review work completion.
• Review their accounting entries, reconciliations, AP/AR MIS and documentation.
• Train team members on accounting processes and statutory requirements.
• Ensure adequate cross-training and backup for critical activities.