Executive, Chartered Accountant

Role Purpose

• Review of day-to-day accounting entries.
• Ownership of the month-end close.
• Preparation of Ind AS financial statements.
• Primary contact for statutory and internal auditors.

Key Responsibilities

1. Accounting Hygiene

• Review general ledger entries for accuracy, completeness, and Ind AS compliance.
• Review bank, vendor, customer, intercompany, and GST/TDS reconciliations.
• Maintain accounting policies and supporting documentation in an audit-ready state.

2. Month-End Closing

• Lead and own the month-end close calendar.
• Review accruals, provisions, depreciation, and other closing entries.
• Ensure books close on time with complete reconciliations and documented checklists.

3. Financial Statements Preparation under Ind AS

• Prepare monthly, quarterly, and annual financial statements under Ind AS and Schedule III.
• Draft notes to accounts and disclosures, including Ind AS 115, Ind AS 116, and related parties.

4. Statutory Audit

• Act as the primary contact for statutory auditors and manage the end-to-end audit.
• Prepare audit schedules, PBC lists, and supporting workings.
• Resolve auditor queries and ensure timely closure of management letter points.

5. Internal Audit

• Coordinate with internal auditors on audit planning, data requests, and fieldwork.
• Track internal audit observations and action plans.
• Conduct independent process reviews and spot checks.

6. Internal Controls and Process Improvement

• Strengthen the IFC framework, including risk and control matrices and control testing.
• Identify control gaps and design controls across P2P, O2C, inventory, and R2R cycles.
• Draft and update SOPs and delegation of authority.

7. Monthly MIS Support

• Support preparation of monthly MIS packs (P&L, balance sheet, cash flow, key metrics).
• Perform budget-vs-actual and month-on-month variance analysis.
• Ensure MIS reconciles to the books and is delivered within reporting timelines.

8. Inventory Monitoring

• Monitor inventory movements, valuation, and ageing.
• Oversee physical verification and cycle counts, and reconcile results with book records.
• Ensure inventory valuation in line with Ind AS 2, including obsolescence provisions.

9. Product Cost Preparation and Analysis

• Prepare and maintain product cost sheets (BOM, conversion costs, overhead absorption).
• Analyse material, labour, and overhead variances.
• Support pricing, margin, and profitability analysis.

Qualifications and Experience

• Qualified Chartered Accountant (ICAI).
• Big 4 articleship or experience in statutory audit or assurance is strongly preferred.
• Sound working knowledge of Ind AS, Companies Act, 2013, and Schedule III requirements.
• Working knowledge of an ERP (SAP, Oracle, Microsoft Dynamics or similar) is desirable.

Skills and Competencies

• Strong accounting fundamentals and practical application of Ind AS.
• Understanding of audit methodology, internal financial controls, and risk-based auditing.
• Advanced Excel skills; familiarity with Power BI is a plus.
• Strong ownership, attention to detail, and a commitment to accuracy and timelines.
• Effective communication and confidence working with auditors and senior management.