Hiring - Accounts Executive- AP and Statutory

Job Description: Accounts Executive- AP and Statutory

Position Title: Accounts Executive- AP and Statutory
Location: Whitefield, Bangalore
Reporting To: Finance Manager

Key Responsibilities:

Accounts Payable (AP):

1. Invoice Processing:
• Verify vendor invoices for accuracy, completeness, and compliance with company policies.
• Ensure timely recording of invoices in the accounting system.
2. Payment Processing:
• Prepare payment batches for vendor invoices, employee reimbursements, and other expenses.
• Monitor payment schedules and ensure timely disbursements.
3. Vendor Management:
• Maintain accurate vendor master data.
• Reconcile vendor accounts and resolve discrepancies promptly.
4. Month-End Closing:
• Ensure accurate accruals and reporting of liabilities.
• Prepaid amortisations, Fixed assets and depreciation
• Reconcile accounts payable ledgers with the general ledger.
• AP aging, reconciliation and monitoring

Statutory Compliance:

1. Tax Compliance:
• Ensure timely filing and payment of GST, TDS, PF, ESI, and other statutory dues.
• Perform reconciliations (e.g., GSTR-2B vs. books) and resolve mismatches.
• STPI and SOFTEX filing
2. Audit Support:
• Provide documentation and explanations during internal and external audits.
• Address audit observations related to statutory compliance and AP.
3. Regulatory Updates:
• Stay updated on changes in tax laws and other regulations affecting compliance.
• Implement necessary process changes to ensure adherence to updated laws.
4. Statutory Returns and Registers:
• Prepare and submit statutory returns as per prescribed deadlines.
• Maintain records and registers in accordance with statutory requirements.

Skills & Qualifications:

Educational Requirements:

• Bachelors degree in Commerce, Accounting, or Finance.
• M.Com or MBA in Finance (Add on).

Experience:

• 4 + years of experience in accounts payable and statutory compliance for an Indian company.
• Proven experience with GST, TDS, and other Indian statutory requirements.

Technical Skills:

• Proficiency in accounting software
• Advanced Microsoft Excel
• Working knowledge on GSTN portal and TDS filing software.

Soft Skills:

• Strong attention to detail and analytical skills.
• Ability to manage multiple tasks and meet deadlines.
• Excellent communication and interpersonal skills for vendor and stakeholder management.

Key Performance Indicators (KPIs):

• Timeliness and accuracy of vendor payments.
• Compliance with statutory deadlines for filings and payments.
• Reduction in AP discrepancies and vendor disputes.
• Audit readiness and minimal statutory non-compliance observations.

Why Join Us?

• Be part of a growing and dynamic finance team.
• Opportunity to gain exposure to a wide range of statutory and financial operations.
• Work in a collaborative environment that values innovation and efficiency.