A Staff Accountant maintains accurate financial records and supports the overall accounting function of an organization. They prepare financial statements, manage accounts payable and receivable, conduct reconciliations, and ensure compliance with the Indian Accounting Standards (Ind AS).
Why Hire a Staff Accountant?
- A Staff Accountant ensures accuracy in financial reporting, thus strengthening the company’s capability towards informed decision-making and strategic planning.
- They can streamline processes, reduce errors, and maintain compliance with regulatory requirements.
- They are responsible for the timely preparation of financial reports, which allows the management to react promptly to changing business conditions.
Job Description Template
We are looking for a detail-oriented and proactive Staff Accountant to join the finance team. You will be preparing and maintaining the company’s financial statements in adherence to Indian Accounting Standards (Ind AS) and relevant tax laws.
This requires a solid understanding of accounting principles, proficiency in accounting software, and the ability to work effectively in a fast-paced environment. Ultimately, your insights into the company’s present and potential financial conditions will allow you to significantly contribute to the decision-making process.
Responsibilities:
- Prepare and maintain financial statements in compliance with Indian Accounting Standards (Ind AS).
- Manage accounts payable and receivable, ensuring accurate and timely processing of invoices.
- Conduct monthly bank reconciliations and assist in closing financial periods.
- Prepare tax returns and ensure compliance with relevant tax laws, including Goods and Services Tax (GST).
- Assist in the preparation of budgets and forecasts, providing variance analysis as required.
- Support the external audit process by providing necessary documentation and explanations.
- Collaborate with team members to improve accounting processes and implement best practices.
Qualifications:
- Bachelor’s degree in Accounting, Finance, or a related field.
- A minimum of 2-4 years of experience in an accounting role.
- Proficiency in accounting software (e.g., Tally, QuickBooks) and Microsoft Excel.
- Knowledge of Indian tax regulations and compliance requirements.
Key Skills:
- Financial reporting
- Accounts payable and receivable management
- Reconciliation
- Tax compliance
- Analytical skills
- Attention to detail
- Communication skills
- Team collaboration
Tips For Recruiters:
- Look for candidates with practical experience in accounting and familiarity with Indian tax laws.
- Assess their proficiency in accounting software and their ability to adapt to new technologies.
- Evaluate their problem-solving skills and their capability to work under pressure during financial closing periods.
Key Points to Mention About Your Organization:
- Highlight the accounting software or tools used within the company.
- Emphasize any training programs or mentorship opportunities available for professional development.
- Share the company culture and values to attract candidates who align with your organization.
Keywords For Recruiters:
- Staff Accountant
- Financial statements
- Accounts payable
- Accounts receivable
- Tax compliance
- Indian Accounting Standards (Ind AS)
- GST
- Reconciliation
- Analytical skills
