Account Manager

Job 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:-

Financial Acumen: Strong understanding of financial principles, including accounting standards, taxation laws, and financial reporting requirements.

GST Expertise: Proficiency in Goods and Services Tax (GST) regulations, including filing returns, managing GST TDS, and staying updated on amendments to GST laws.

Accounting Proficiency: Ability to handle various accounting tasks such as e-invoicing, ledger maintenance, reconciliation, and financial finalization.

Analytical Skills: Strong analytical abilities to interpret financial data, identify trends, and make data-driven decisions.

Communication Skills: Excellent verbal and written communication skills to liaise with internal stakeholders, external agencies, and regulatory bodies effectively.

Attention to Detail: Keen attention to detail to ensure accuracy in financial records, compliance filings, and reporting.

Time Management: Efficient time management skills to prioritize tasks, meet deadlines, and manage multiple responsibilities simultaneously.

Problem-Solving Abilities: Ability to identify financial issues, analyze root causes, and develop effective solutions.

Software Proficiency: Familiarity with accounting software, financial management tools, and MS Office suite for data analysis and reporting.

Regulatory Compliance: Knowledge of regulatory requirements related to financial reporting, tax filings, and compliance with laws such as Income Tax Act and Companies Act.

Strategic Financial Planning: Capacity to foresee future transactions and events, plan in advance, and contribute to strategic financial decision-making.

Team Collaboration: Ability to collaborate effectively with cross-functional teams, including finance, operations, and legal departments.

Adaptability: Flexibility to adapt to changing business environments, new technologies, and evolving regulatory frameworks.

Ethical Conduct: Commitment to ethical conduct, integrity, and confidentiality in handling financial information and transactions.

Continuous Learning: Willingness to stay updated on industry trends, best practices, and regulatory changes through ongoing learning and professional development.