Senior Accountant

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 & Financial Management

• Maintain day-to-day accounting records, including cash, bank, loan transactions, and branch-level financial data.
• Review and verify branch accounts, ensuring accuracy and compliance with accounting standards.
• Prepare monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Cash Flow).
• Monitor disbursement, repayment, and outstanding reports to ensure alignment with microfinance operations.

2. Budgeting & MIS Reporting

• Assist in preparing annual budgets and forecasts.
• Consolidate branch-level financial data and prepare MIS reports for management review.
• Analyze variances between actual performance and budgeted figures and provide explanations.

3. Compliance & Audit

• Ensure statutory compliance related to Income Tax, GST, PF, ESI, TDS, and other regulatory requirements.
• Coordinate with internal and external auditors, provide necessary data, and implement audit recommendations.
• Ensure compliance with RBI/NABARD/MFI regulations and company policies.

4. Treasury & Fund Management

• Monitor fund utilization at branch and head office levels.
• Manage cash flows, loan repayments to lenders, and bank reconciliations.
• Support in raising funds, loan documentation, and lender compliance.

5. Team Support & Supervision

• Guide and supervise junior accountants and branch-level accounts staff.
• Conduct periodic training for field and branch staff on financial processes and policies.
• Ensure timely submission of branch accounts and support branches in resolving financial discrepancies.

Skills & Competencies Required:

• Strong knowledge of accounting principles, financial management, and statutory compliance.
• Experience in Microfinance/NBFC-MFI sector preferred.
• Proficiency in accounting software (Tally ERP, MS Excel, MIS tools).
• Good analytical and problem-solving skills.
• Ability to work under pressure and meet deadlines.
• Strong leadership and team management skills.

Qualification & Experience:

• Education: M.Com / MBA (Finance) / CA (Inter) or equivalent.
• Experience: Minimum 2–3 years of accounting experience, with at least 1 year in Microfinance/Banking/NBFC sector.

Job Types: Full-time, Permanent, Fresher

Pay: ₹15,000.00 - ₹25,000.00 per month

Benefits:

• Cell phone reimbursement
• Provident Fund

Work Location: In person