Financial Accountant

A Financial Accountant prepares financial statements, conducts audits, and verifies regulatory compliance. They ensure accurate reporting and handle compliance with Indian Accounting Standards (Ind AS) and tax regulations.

Why Hire a Financial Accountant?

• A Financial Accountant’s accurate financial records help with decision-making, compliance, and long-term financial stability. 
• They bring expertise in compliance with Indian Accounting Standards (Ind AS), taxation laws (such as GST and TDS), and financial reporting.

Job Description Template

We are seeking an experienced Financial Accountant to manage and oversee the organization’s financial reporting and compliance processes. This requires an in-depth understanding of accounting standards, tax regulations, and financial systems. 

You will ensure that financial statements are accurate and timely, providing vital information to support business growth and decision-making. In this role, you will be responsible for preparing financial reports and providing necessary insights.

Responsibilities

• Prepare and maintain accurate financial statements, including balance sheets, income statements, and cash flow reports.
• Ensure compliance with Indian tax laws such as GST and TDS.
• Manage month-end and year-end financial closing processes.
• Assist with the preparation of budgets and financial forecasts.
• Oversee financial audits and liaise with external auditors.
• Ensure accuracy in accounting transactions and reports, maintaining ledger integrity.
• Handle reconciliations of bank statements and general ledgers.
• Manage tax filings, ensuring timely submission and adherence to regulatory requirements.
• Provide analysis of financial data to support business decisions.
• Implement and maintain internal financial controls.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• 3-5 years of experience in accounting or financial reporting roles.
• Strong knowledge of Indian accounting standards (Ind AS) and tax regulations (GST, TDS).
• Proficiency in accounting software such as Tally, QuickBooks, or SAP.
• Experience with financial audits and regulatory compliance.
• Advanced skills in Microsoft Excel and financial reporting tools.
• Strong analytical and problem-solving abilities.
• Excellent attention to detail and accuracy.

Key Skills

• Financial Reporting
• Indian Tax Compliance (GST, TDS)
• Accounting Software (Tally, QuickBooks, SAP)
• Financial Auditing
• Budgeting & Forecasting
• Regulatory Compliance
• Ledger Management
• Financial Analysis
• Month-End and Year-End Closing
• Internal Controls

Tips For Recruiters

• Ensure the candidate has a strong understanding of Indian accounting standards and tax laws (GST, TDS).
• Look for candidates with experience in preparing detailed financial statements and handling audits.
• Prioritize candidates familiar with accounting software that aligns with your company’s systems.
• Look for candidates with excellent communication skills, as they will likely need to explain financial information to non-financial stakeholders.

Key Points to Mention About Your Organization

• Highlight any accounting software your company uses and any additional financial management tools the candidate may need to use.
• Mention any ongoing training or certifications the company offers to help the candidate stay up-to-date with changes in tax laws and financial regulations.
• Emphasize the importance of compliance and transparency in your organization’s financial operations.

Keywords For Recruiters

• Financial Accountant
• Financial Reporting
• GST Compliance
• TDS Compliance
• Ind AS
• Accounting Software (Tally, QuickBooks, SAP)
• Financial Analysis
• Budgeting & Forecasting
• Financial Auditing
• Internal Controls