Senior Accounts Executive

Roles and Responsibilities – Accounts Executive (Payables, Assets & Inventory)

1. Vendor Payables

• Process vendor invoices accurately and in a timely manner, ensuring compliance with company policies and statutory requirements.
• Verify purchase orders, GRNs (Goods Receipt Notes), and vendor bills before processing payments.
• Maintain an updated vendor ledger and reconcile vendor accounts periodically.
• Ensure timely payment of suppliers to maintain good relationships and avoid interest/penalty charges.
• Coordinate with the Procurement and Stores departments to resolve invoice discrepancies.
• Prepare periodic vendor ageing reports and highlight overdue accounts.
• Assist in statutory compliance related to vendor payments (GST, TDS, etc.).

2. Asset Register Management

• Maintain and update the Fixed Asset Register (FAR) with all capital acquisitions, disposals, and transfers.
• Ensure correct capitalization of assets as per accounting standards and company policy.
• Calculate and record depreciation monthly/annually as per statutory guidelines.
• Tag and track physical assets with unique identification numbers.
• Coordinate with internal departments to conduct periodic physical verification of assets.
• Support auditors by providing asset-related schedules, reconciliations, and documentation.

3. Stock Value Updates (Inventory Accounting)

• Record and update stock values in the accounting system on a periodic basis (daily/weekly/monthly).
• Reconcile stock ledgers with physical stock and stores records.
• Ensure accuracy of inventory valuation (e.g., FIFO, weighted average, or as per company policy).
• Highlight discrepancies in stock valuation and coordinate with Stores/Production for resolution.
• Support monthly and annual closing by preparing inventory schedules and reconciliations.
• Provide data for costing, MIS reporting, and statutory audits related to stock valuation.

Key Deliverables

• Accurate and timely vendor payment processing.
• Updated and reconciled fixed asset register.
• Correct stock valuation aligned with physical records.
• Compliance with statutory requirements (GST, TDS, Companies Act, etc.).
• Smooth audit support (internal, statutory, tax, or regulatory).

Skills & Competencies Required

• Strong knowledge of accounting principles (AS/Ind-AS).
• Familiarity with ERP/accounting software (SAP, Tally, or equivalent).
• Understanding of taxation (GST, TDS) and compliance requirements.
• Analytical and reconciliation skills.
• Attention to detail, accuracy, and timeliness.
• Ability to coordinate across functions (Procurement, Stores, Production, Audit).

Job Types: Full-time, Permanent

Pay: ₹17,112.32 - ₹35,418.21 per month

Benefits:

• Health insurance
• Provident Fund

Work Location: In person