Team Specialist - Finance and Accounts

Company Description :

We help industries such as steel, construction, sugar, pharmaceuticals, agriculture, and petrochemicals produce world-class products with our innovative and researched limestone solutions.

Mission :

To deliver accurate, compliant, and timely financial reporting by effectively managing end-to-end accounting operations in Odoo ERP—from transaction recording to annual finalization. Ensure complete statutory compliance under GST, Income Tax, and the Companies Act through rigorous reconciliations, internal audit, and timely filings. Identify and implement cost-saving measures to support business performance Consistently meet deadlines, implement and monitor robust internal controls, drive process improvements, and collaborate as a team to strengthen financial transparency and operational efficiency.

Key Responsibilities :

• Transaction Coding : Classify and record financial transactions in accordance with accounting standards, ensuring accurate cost allocations across PAN India cost centers.
• Bank Reconciliation : Conduct timely and accurate reconciliation of bank statements within Odoo ERP, identifying variances, resolving discrepancies, and ensuring integrity of cash flow records.
• TDS & TCS Compliance : Ensure timely deduction, deposit, and filing of TDS and TCS returns (Form 26Q, 27EQ, etc.) applicable to vendor payments, contractor charges, sales, etc.
• GST Reconciliation & Returns : Reconcile Input Tax Credit (ITC), Output GST, and e-invoices with books of accounts and file monthly, quarterly, and annual GST returns in compliance with Indian GST laws.
• Ledger Scrutiny : Conduct thorough reviews and analysis of general ledger accounts to ensure accuracy, compliance, and error rectification.
• Inventory Accounting & Valuation : Leverage Odoo’s Inventory Module to monitor stock movements, ensure accurate valuation of inventories, and prepare monthly stock report and conduct reconciliations in line with Accounting Standards.
• Fixed Asset Management : Maintain and reconcile the Fixed Asset Register using Odoo’s Asset Management module, handle asset capitalization and depreciation accounting, and ensure compliance with Companies Act, 2013.
• Monthly Financial Closures : Prepare and close monthly books of accounts, including accruals, provisions, and prepayments, ensuring accurate P&L and balance sheet reporting as per Companies Act 2013 and related provisions.
• Variance Analysis : Ability to perform budget vs actual analysis, identify deviations, analyze financial variances, and deliver actionable insights to management for better cost control and financial planning.
• MIS Reporting & Analysis : Prepare weekly, monthly, etc MIS reports covering overheads, sales trends, margin analysis, and working capital metrics for management review.
• Cost Control and Savings : Identify cost leakages, inefficiencies, and non-value-added expenses across operations. Implement corrective actions, negotiate with vendors, optimize processes, and introduce cost-control measures to improve profitability. Continuously monitor overheads and suggest strategies for savings without impacting operational efficiency.
• Team Leadership and Development : Lead and mentor a team of accounting professionals by setting clear goals, conducting regular performance reviews, and fostering a collaborative work environment. Provide ongoing training on accounting standards, statutory compliance, ERP usage, and industry best practices to enhance team capability.
• Training & Knowledge Sharing : Develop structured training modules on GST, Income Tax, Companies Act, Odoo ERP functionalities, etc. Ensure cross-functional knowledge transfer and succession planning to build a self-sufficient finance team.
• SOP Development & Implementation : Design, document, and implement Standard Operating Procedures (SOPs) for all finance and accounting processes, including transaction recording, reconciliations, tax filings, and reporting. Review and update them regularly to ensure compliance, reduce risks, improve efficiency, and maintain consistent practices across PAN India operations.
• Cash Credit & Banking Compliance : Experienced in managing cash credit accounts, monitoring drawing power, interest calculation, fund allocation and ensuring optimal liquidity across business functions. Skilled in preparing and submitting stock statements to banks, along with DP calculations and ageing analysis of receivables and payables.
• Posting Annual Journals : Draft, review, and post annual and adjusting journal entries such as depreciation, provision for taxes, and reclassification entries in line with AS and tax compliance.
• Annual Accounts Finalization : Lead year-end financial closing, including preparation of financial statements (Balance Sheet, P&L, Cash Flow), audit schedules, and statutory reports under the Companies Act 2013 and Income Tax Act.
• Tax Filings & Regulatory Compliance : File ITRs, Form 3CD (Tax Audit), and other statutory returns (including MCA filings), ensuring compliance with Income Tax Act and GST regulations.
• Audit Coordination : Coordinate with internal and statutory auditors for periodic audits, ensuring timely provision of data, reconciliations, and resolution of audit observations.
• Process Improvement & ERP Usage : Drive automation and improvements in accounting processes by using Odoo ERP and implementing strong internal controls.

Required Qualifications & Skills :

What We Offer :