Manager - Accounts

Job Description

We seek an Accounting professional at a Manager level to join our team at hBits. As a crucial member, will be responsible for overseeing the financial operations of the organization, ensuring accuracy in accounting practices, compliance with tax regulations, and effective management of vendor relationships. This role requires strong leadership skills, attention to detail, and the ability to communicate effectively with various stakeholders. Key Responsibilities: Banking Operations: Manage banking activities as needed, including processing monthly employee salaries. Ensure timely and accurate banking transactions to maintain financial stability. Loan and Bank Balance Management: Maintain a weekly loan list and monitor bank balances. Provide regular updates to the CEO regarding financial status and liquidity. Vendor Management: Supervise the vendor booking process, ensuring accuracy and compliance with company policies. Oversee vendor payments and approvals, providing payment instructions as needed. Conduct weekly discussions with the CEO regarding outstanding vendor payments. GST Reconciliation: Perform GST reconciliations, ensuring accuracy in calculations. Verify GST workings and match the GST ledger with electronic cash ledger to ensure compliance. TDS Management: Manage TDS deductions at appropriate rates and prepare necessary documentation (Form 16 & 16A). Compile quarterly TDS return data and rectify any discrepancies in TDS returns. Ensure timely monthly TDS payments and prepare quarterly TDS workings for salaried employees. Employee Taxation: Oversee employee taxation processes, including investment declarations (provisional and actual). Deduct accurate TDS from employee salaries and provide Form 16 to employees. Payroll Management: Review and check monthly payroll to ensure accuracy and compliance with regulations. Management Information Systems (MIS): Prepare MIS reports, including fund flow and cash flow statements, for management review. Coordination with Professionals: Coordinate with Chartered Accountants (CA) and Company Secretaries (CS) as required for compliance and advisory needs. Reporting: Provide necessary financial details and insights to the CEO as needed to inform decision-making. Qualifications: bachelors degree in Accounting, Finance, or a related field; professional certification (CA, CMA, or CPA) is preferred. 8+ years of experience in accounting and finance roles, with at least 2 years in a managerial position. Strong knowledge of accounting principles, GST, TDS regulations, and employee taxation. Proficient in accounting software and MS Office, particularly Excel. Excellent analytical, organizational, and communication skills. Skills: High attention to detail and accuracy. Strong leadership and team management abilities. Effective time management and organizational skills. Proactive problem-solving approach.