The Accounting Manager is responsible for overseeing the complete accounting operations for two legal entities in India, ensuring accurate financial reporting, statutory compliance, and timely closure of accounts. This role manages day-to-day accounting functions including general ledger, accounts payable, accounts receivable, bank reconciliations, and fixed asset management. The Accounting Manager ensures adherence to Indian Accounting Standards (Ind AS), compliance with the Companies Act 2013, Income Tax Act 1961, GST regulations, and other statutory requirements including TDS, ESI, PF, and annual audit coordination.KEY RESPONSIBILITIESFinancial Accounting & ReportingOversee end-to-end accounting operations for two legal entities including general ledger maintenance, journal entries, and month-end/year-end close processesPrepare and review monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Cash Flow) in compliance with Indian Accounting Standards (Ind AS) and Companies Act 2013Develop and present monthly Management Information System (MIS) reports with variance analysis, budget vs. actual comparisons, and key financial metrics for senior management reviewManage accounts payable and accounts receivable processes, ensuring timely processing, accurate recording, and effective collection/payment cyclesPerform monthly bank reconciliations across all bank accounts for both entities and resolve discrepancies promptlyMaintain and update fixed asset registers (FAR), calculate depreciation, and ensure compliance with accounting standards and tax regulationsEstablish and maintain standardized chart of accounts across both entities while accommodating entity-specific requirements.Statutory Compliance & Tax ManagementEnsure timely and accurate preparation and filing of GST returns (GSTR-1, GSTR-3B, GSTR-9, GSTR-9C) for both entities on a monthly/quarterly basisManage TDS compliance including computation, deduction, deposit, quarterly TDS returns (24Q, 26Q, 27Q), and annual TDS certificates (Form 16/16A)Coordinate preparation and filing of income tax returns, advance tax calculations, and tax audit reports (Form 3CD/3CB) for both legal entitiesEnsure compliance with MCA filings including AOC-4 (financial statements), MGT-7 (annual return), and other statutory forms within prescribed timelinesManage ESI, PF, and other labor law compliances including monthly returns and annual reconciliationsCoordinate with external auditors for statutory audits, internal audits, and tax audits; provide required documentation and address audit queriesMaintain compliance calendar and ensure all statutory deadlines are met across both entitiesStay updated on changes in Indian accounting standards, tax laws, Companies Act provisions, and regulatory requirements.Internal Controls & Process ManagementEstablish, implement, and monitor internal controls to safeguard company assets and ensure accuracy of financial recordsDevelop and document accounting policies, procedures, and standard operating procedures (SOPs) for both entitiesReview and approve accounting transactions, ensuring proper authorization, supporting documentation, and compliance with company policiesIdentify process improvement opportunities and implement automation solutions to enhance efficiency and accuracyManage intercompany transactions, reconciliations, and eliminations for consolidated reporting purposesEnsure proper documentation and record retention in accordance with regulatory requirements.Team Leadership & Stakeholder ManagementSupervise and mentor accounting staff, providing guidance, training, and performance feedbackCoordinate with cross-functional teams including operations, HR, procurement, and sales to ensure accurate financial data captureLiaise with banks, auditors, tax consultants, company secretaries, and regulatory authoritiesRespond to queries from management, auditors, and regulatory bodies with accurate and timely informationSupport budgeting, forecasting, and financial planning activitiesREQUIRED QUALIFICATIONSEducation & CertificationBachelor's degree in Commerce () or equivalent; Master's degree () preferredProfessional certification required: Chartered Accountant (CA) or Cost and Management Accountant (CMA) with valid membershipCertifications in GST, Income Tax, or Companies Act are advantageous.ExperienceMinimum 5-8 years of progressive accounting experience in IndiaAt least 2-3 years in a managerial/supervisory roleProven experience managing accounting operations for multiple legal entitiesStrong working knowledge of Indian statutory compliance including GST, TDS, Income Tax, Companies Act 2013, and MCA filingsExperience coordinating statutory audits, tax audits, and internal auditsPrior experience in manufacturing, services, or multinational company environment preferredREQUIRED COMPETENCIESTechnical SkillsExpert knowledge of Indian Accounting Standards (Ind AS) and Generally Accepted Accounting Principles (GAAP)Comprehensive understanding of GST, TDS, Income Tax Act 1961, and Companies Act 2013Strong proficiency in accounting software and ERP systems (SAP, Oracle, Tally ERP 9, QuickBooks, or similar platforms)Advanced Microsoft Excel skills (pivot tables, VLOOKUP, macros, financial modeling)Proficiency in Microsoft Office 365, including Teams, Word, PowerPoint, and OutlookExperience with MCA portal, GST portal, Income Tax e-filing portal, and TRACESKnowledge of multi-entity accounting principles and consolidation processes.Professional CompetenciesAccountability: Demonstrates high level of responsibility for actions, maintains confidentiality of sensitive financial information, and ensures accuracy in all deliverablesAccuracy & Attention to Detail: Performs work with precision, identifies discrepancies, and ensures compliance with regulatory requirementsAnalytical Thinking: Strong ability to analyze financial data, identify trends, investigate variances, and provide actionable insightsProblem-Solving: Proactively identifies issues and develops practical solutions to accounting and compliance challengesTime Management: Effectively manages multiple priorities, meets tight deadlines, and handles peak periods (month-end, quarter-end, year-end, audit season)Leadership: Ability to guide, mentor, and develop team members while maintaining high performance standards.Communication SkillsExcellent written communication skills for preparing financial reports, compliance documentation, and professional correspondenceStrong verbal communication abilities to explain complex financial information to non-finance stakeholdersActive listening skills to understand requirements, address concerns, and resolve conflictsAbility to present financial information clearly and concisely to senior managementProfessional demeanor in dealing with external stakeholders including auditors, tax authorities, and consultantsWORKING CONDITIONSOffice-based role with occasional work-from-home flexibilityExtended hours may be required during month-end close, quarter-end, year-end, audit periods, and tax filing deadlinesMinimal travel requirements; occasional visits to other company locations or meetings with auditors/consultantsKEY PERFORMANCE INDICATORSTimeliness and accuracy of monthly financial close (target: within 5-7 business days)100% compliance with statutory filing deadlines (GST, TDS, Income Tax, MCA)Zero material audit findings or regulatory penaltiesTimely completion of budget vs. actual analysis and MIS reportingQuality of financial reporting and documentationEffectiveness of internal controls and process improvements implementedTeam development and staff retention
Job Title
Accounting Manager