Accounts Associate (AP& AR) (On-Site)

AltQuad Global LLP

Location: Marol Naka (near metro station) & Vidyavihar (near railway station).

Experience Needed: 1 to 3 Years.

Accounting Type: Foreign Entities.

Working Days and Hrs: Monday to Friday, 10:30 am to 7:00 pm.

Budget: INR 25k per month gross.

Travel to the client office required atleast 2 to 3 times each week at marol.

Other Requirements: Candidate should be fluent in Writing and Speaking in English.

Job Description (AR And AP Profile)

We are seeking a highly organized and detail-oriented individual to join our team as a Finance Executive. You will be responsible for accounting (including processing invoices and banking), managing accounts payable (AP) and accounts receivable (AR) functions, ensuring accuracy, timely processing of transactions, and reconciliation of financial records. This would be for foreign entities. Confidentiality, excellent organizational skills and accuracy are important qualifications for this position, as well as the ability to communicate clearly. The ideal candidate for this position is a skilled multi-tasker, is reliable and is committed to consistently meeting deadlines.

Responsibilities & Duties

• Maintain accurate records of all transactions in the accounting system to ensure financial integrity.
• Process and verify vendor invoices, ensuring accuracy and completeness, and follow up on any discrepancies.
• Prepare and process payments through various methods, including checks, ACH transfers, and wire transfers.
• Reconcile vendor statements and resolve discrepancies promptly to maintain strong vendor relationships.
• Assist in month-end and year-end closing activities by ensuring AP-related transactions are properly recorded
• Ensure completeness and accuracy in the workflow for invoice booking and payment, adhering to company policies and procedures.
• Create and generate a monthly collection report for clients to track outstanding payments.
• Reconcile the collection report with bank statements to ensure all payments are accurately recorded.
• Create and reconcile the revenue report with the collection report, ensuring alignment in all financial data.
• Reconcile payment gateway invoices with the collection report on a monthly basis to ensure accuracy.
• Pass accurate and timely revenue-related entries into the accounting system to maintain accurate financial records.
• Support the tax department with accurate and timely financial data to ensure smooth compliance with tax regulations.
• Assist in getting books of accounts audited by co-ordinating with auditors and providing relevant data
• Enable month end and periodical closing reports to management

Skills and Qualifications

• Bachelor's Degree in Accounting or related field
• Comfortable learning new software
• Proficiency in SAP S4 Hana (preferred), or similar accounting software.
• Extensive experience with data entry, record keeping and computer operation
• High proficiency in Microsoft Excel
• Excellent attention to detail and accuracy
• Experience with financial reconciliation, reporting, and compliance activities.
  Knowledge of tax-related accounting practices and regulations is a plus.

Resource Expectations

• Monthly trainings, learning & development under leadership of qualified Chartered Accountants

Location
The incubent is expected to work from the clients office near Marol Naka Metro Station and from Company office in Vidyavihar, Mumbai, alternately throughout the week. So the incubent must be comfortable traveling to Marol naka and Vidyavihar.

Contact Details
Falguni Bhanushali : HR - 8356927410
Email ID : stakeholders@altquad.com