drjobs Senior Accountant

Senior Accountant

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1 Vacancy
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Job Location drjobs

Lalitpur - India

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

The Senior Accountant is responsible for managing and overseeing various accounting functions to ensure accurate financial reporting compliance with regulatory standards and efficient financial operations. This role involves preparing and reviewing financial statements managing general ledger activities handling reconciliations and ensuring the company adheres to tax laws and accounting principles. The Senior Accountant works closely with senior management and other departments to support financial decision-making and operational efficiency.

Key Responsibilities:
1. Financial Reporting:
  • Prepare and review monthly quarterly and annual financial statements ensuring accuracy and compliance with accounting standards (GAAP IFRS).
  • Assist in the preparation of management reports including balance sheets income statements and cash flow statements.
  • Ensure all financial reports are submitted on time maintaining compliance with regulatory and internal deadlines.
2. General Ledger Management:
  • Oversee and manage general ledger activities including journal entries reconciliations and accruals.
  • Ensure accurate posting of all transactions including accounts payable accounts receivable payroll and inventory adjustments.
  • Review and approve journal entries and monthly reconciliations for accuracy and completeness.
3. Month-End and Year-End Close:
  • Manage the month-end and year-end closing processes ensuring that all financial transactions are recorded accurately and on time.
  • Perform balance sheet and profit-and-loss account reconciliation during the close process.
  • Ensure the accuracy and completeness of all financial data before closing monthly or annual books.
4. Accounts Reconciliation:
  • Perform regular reconciliations of bank accounts credit cards accounts payable accounts receivable and other key accounts.
  • Identify discrepancies in accounts and take corrective action to resolve issues.
  • Ensure all reconciling items are cleared in a timely manner and maintain proper documentation.
5. Compliance and Taxation:
  • Ensure compliance with applicable tax laws regulations and accounting standards.
  • Assist in the preparation of tax returns and ensure the timely filing of corporate taxes.
  • Coordinate with external auditors during the annual audit process ensuring all documentation is provided and compliance is maintained.
  • Stay up-to-date with changes in tax regulations and accounting standards.
6. Budgeting and Forecasting Support:
  • Assist in the development of annual budgets and financial forecasts.
  • Provide detailed financial analysis to support budget development and monitor actual vs. budget performance.
  • Assist department heads in cost management analyzing budget variances and making recommendations for improvements.
7. Internal Controls:
  • Ensure the integrity of financial records and reports by maintaining robust internal controls and accounting procedures.
  • Implement and enforce financial controls and policies to minimize errors fraud and inefficiencies.
  • Regularly review and recommend improvements to internal accounting systems and processes.
8. Financial Analysis:
  • Analyze financial data to identify trends performance issues and areas for improvement.
  • Provide insights on profitability cost management and efficiency improvements to senior management.
  • Assist in financial decision-making by preparing analysis for key strategic projects or business plans.
9. Team Supervision and Development:
  • Supervise and mentor junior accounting staff providing guidance and training on accounting processes and best practices.
  • Review the work of junior accountants and ensure that tasks are completed accurately and on time.
  • Perform performance appraisals offer feedback and support the professional development of team members.
10. Accounts Payable and Receivable Oversight:
  • Oversee the accounts payable and accounts receivable functions ensuring that payments are processed accurately and on time.
  • Ensure timely invoicing and collections and monitor outstanding balances.
  • Work with vendors and clients to resolve payment discrepancies or issues.
11. Process Improvement:
  • Identify opportunities for process improvements in accounting systems reporting and controls.
  • Recommend automation or updates to accounting systems to increase efficiency and accuracy.
  • Streamline accounting processes to reduce the month-end close time and improve reporting accuracy.

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Employment Type

Full Time

Company Industry

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