Qureos Mentor

Virutcham Microfinance Limited

Job Purpose:To ensure accurate accounting, financial reporting, compliance, and effective monitoring of all financial transactions in line with microfinance industry practices, company policies, and regulatory requirements. The Senior Accountant will play a key role in maintaining transparency, accountability, and financial discipline within the organization.Key Responsibilities:1. Accounting &amp; Financial Management<ul><li>Maintain day-to-day accounting records, including cash, bank, loan transactions, and branch-level financial data.</li><li>Review and verify branch accounts, ensuring accuracy and compliance with accounting standards.</li><li>Prepare monthly, quarterly, and annual financial statements (P&amp;L, Balance Sheet, Cash Flow).</li><li>Monitor disbursement, repayment, and outstanding reports to ensure alignment with microfinance operations.</li></ul>2. Budgeting &amp; MIS Reporting<ul><li>Assist in preparing annual budgets and forecasts.</li><li>Consolidate branch-level financial data and prepare MIS reports for management review.</li><li>Analyze variances between actual performance and budgeted figures and provide explanations.</li></ul>3. Compliance &amp; Audit<ul><li>Ensure statutory compliance related to Income Tax, GST, PF, ESI, TDS, and other regulatory requirements.</li><li>Coordinate with internal and external auditors, provide necessary data, and implement audit recommendations.</li><li>Ensure compliance with RBI/NABARD/MFI regulations and company policies.</li></ul>4. Treasury &amp; Fund Management<ul><li>Monitor fund utilization at branch and head office levels.</li><li>Manage cash flows, loan repayments to lenders, and bank reconciliations.</li><li>Support in raising funds, loan documentation, and lender compliance.</li></ul>5. Team Support &amp; Supervision<ul><li>Guide and supervise junior accountants and branch-level accounts staff.</li><li>Conduct periodic training for field and branch staff on financial processes and policies.</li><li>Ensure timely submission of branch accounts and support branches in resolving financial discrepancies.</li></ul>Skills &amp; Competencies Required:<ul><li>Strong knowledge of accounting principles, financial management, and statutory compliance.</li><li>Experience in Microfinance/NBFC-MFI sector preferred.</li><li>Proficiency in accounting software (Tally ERP, MS Excel, MIS tools).</li><li>Good analytical and problem-solving skills.</li><li>Ability to work under pressure and meet deadlines.</li><li>Strong leadership and team management skills.</li></ul>Qualification &amp; Experience:<ul><li>Education: M.Com / MBA (Finance) / CA (Inter) or equivalent.</li><li>Experience: Minimum 2&ndash;3 years of accounting experience, with at least 1 year in Microfinance/Banking/NBFC sector.</li></ul>Job Types: Full-time, Permanent, FresherPay: &#8377;15,000.00 - &#8377;25,000.00 per monthBenefits:<ul><li>Cell phone reimbursement</li><li>Provident Fund</li></ul>Work Location: In person

Senior Accountant

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Virutcham Microfinance Limited

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Senior Accountant