Description

Job Title: Accounts Executive Company: Aarav Global Products Services Location: Mumbai, Malad Position : Assistant Finance Manager/ Finance Manager Job Type: Full-time Exp - 3+ About Us: Aarav Global Products Services is a leading [industry/sector] company that provides [products/services] to various clients across India. We are a dynamic and growing organization with a strong commitment to excellence and customer satisfaction. We are looking for a highly motivated and detail-oriented Accounts Executive to join our team. Job Summary: We are seeking an experienced Accounts Executive to join our finance team in Mumbai, Malad. The successful candidate will be responsible for maintaining accurate and up-to-date financial records, preparing financial statements, and ensuring compliance with accounting standards and regulatory requirements. The ideal candidate will have excellent analytical and communication skills, with a strong attention to detail and ability to work under pressure. Key Responsibilities: 1. Accounts Payable (AP): Invoice Verification & Processing: Ensure timely and accurate processing of vendor invoices, including matching them with purchase orders and delivery receipts. Payment Processing: Manage payments to vendors and ensure that payments are made on time, in line with payment terms. This includes preparing payment schedules and managing payment runs. Vendor Reconciliation: Regularly reconcile vendor accounts to ensure that all outstanding balances are correct and resolve any discrepancies with suppliers. 2. ERP System Management: ERP Data Entry: Accurately input all financial data into the ERP system (such as SAP, Oracle, or other industry-specific ERP platforms) to maintain the integrity of financial records. Reporting: Generate various financial reports from the ERP system, including vendor aging reports, payment status, and transaction details. System Updates: Ensure that all system entries are up-to-date, including adding new suppliers, updating payment terms, and adjusting GL codes as needed. 3. Invoice Processing: Invoice Review: Review and verify all incoming invoices for correct coding, approvals, and compliance with company policies before they are entered into the system. Tax Calculation: Ensure that tax calculations (e.g., GST) on invoices are accurate and in line with the latest tax laws. Timely Payments: Ensure that all invoices are paid within the agreed-upon terms to maintain good supplier relationships and avoid penalties. 4. TDS Return Preparation: TDS Computation: Calculate Tax Deducted at Source (TDS) on payments made to vendors, contractors, or employees based on applicable tax rates. TDS Filings: Prepare and file quarterly TDS returns (Form 24Q, 26Q, etc.) within the deadlines prescribed by the Income Tax Department. TDS Certificates: Generate and issue TDS certificates (Form 16/16A) to vendors/contractors. Reconciliation: Ensure that TDS deductions are reconciled with the tax authorities’ records and resolve any discrepancies. 5. GST Compliance: GST Returns Filing: Prepare and file monthly/quarterly GST returns (GSTR-1, GSTR-3B) in compliance with Indian GST laws. Input Tax Credit (ITC) Reconciliation: Reconcile GST input tax credit with vendor invoices and the GST returns filed. GST Audit Support: Provide required data and documentation during GST audits and liaise with tax authorities when needed. Tax Planning: Support the accounting team in managing GST compliance and tax planning strategies. 6. Bank Reconciliation: Daily Reconciliation: Perform daily/weekly bank reconciliations to ensure that all transactions (deposits, withdrawals, charges, etc.) are accurately recorded in the system. Issue Resolution: Investigate and resolve discrepancies between bank statements and internal records. Cash Flow Monitoring: Monitor the cash flow regularly to ensure that the company maintains adequate liquidity for operational needs. Requirements: Bachelor's degree in Commerce or related field. 3-4 years of experience in accounting or finance. Proficient in Tally or other accounting software. Strong analytical and problem-solving skills. Excellent communication and interpersonal skills. Ability to work under pressure and meet deadlines. Strong attention to detail and organizational skills. What We Offer: Competitive salary of ₹30-35 LPA (net). Opportunities for career growth and professional development. Collaborative and dynamic work environment. Recognition and rewards for outstanding performance.

Role and Responsibilities

• 1. Accounts Payable (AP): Invoice Verification & Processing: Ensure timely and accurate processing of vendor invoices, including matching them with purchase orders and delivery receipts. Payment Processing: Manage payments to vendors and ensure that payments are made on time, in line with payment terms. This includes preparing payment schedules and managing payment runs. Vendor Reconciliation: Regularly reconcile vendor accounts to ensure that all outstanding balances are correct and resolve any discrepancies with suppliers. 2. ERP System Management: ERP Data Entry: Accurately input all financial data into the ERP system (such as SAP, Oracle, or other industry-specific ERP platforms) to maintain the integrity of financial records. Reporting: Generate various financial reports from the ERP system, including vendor aging reports, payment status, and transaction details. System Updates: Ensure that all system entries are up-to-date, including adding new suppliers, updating payment terms, and adjusting GL codes as needed. 3. Invoice Processing: Invoice Review: Review and verify all incoming invoices for correct coding, approvals, and compliance with company policies before they are entered into the system. Tax Calculation: Ensure that tax calculations (e.g., GST) on invoices are accurate and in line with the latest tax laws. Timely Payments: Ensure that all invoices are paid within the agreed-upon terms to maintain good supplier relationships and avoid penalties. 4. TDS Return Preparation: TDS Computation: Calculate Tax Deducted at Source (TDS) on payments made to vendors, contractors, or employees based on applicable tax rates. TDS Filings: Prepare and file quarterly TDS returns (Form 24Q, 26Q, etc.) within the deadlines prescribed by the Income Tax Department. TDS Certificates: Generate and issue TDS certificates (Form 16/16A) to vendors/contractors. Reconciliation: Ensure that TDS deductions are reconciled with the tax authorities’ records and resolve any discrepancies. 5. GST Compliance: GST Returns Filing: Prepare and file monthly/quarterly GST returns (GSTR-1, GSTR-3B) in compliance with Indian GST laws. Input Tax Credit (ITC) Reconciliation: Reconcile GST input tax credit with vendor invoices and the GST returns filed. GST Audit Support: Provide required data and documentation during GST audits and liaise with tax authorities when needed. Tax Planning: Support the accounting team in managing GST compliance and tax planning strategies. 6. Bank Reconciliation: Daily Reconciliation: Perform daily/weekly bank reconciliations to ensure that all transactions (deposits, withdrawals, charges, etc.) are accurately recorded in the system. Issue Resolution: Investigate and resolve discrepancies between bank statements and internal records. Cash Flow Monitoring: Monitor the cash flow regularly to ensure that the company maintains adequate liquidity for operational needs. Requirements: