Senior Account Manager

About the Role

Shivshakti Metal is seeking an experienced Senior Account Manager based in Ahmedabad, Gujarat, to oversee and manage comprehensive accounting activities aligned with established accounting standards. This role involves finalizing monthly books, preparing key financial statements, ensuring statutory compliance, and maintaining effective cash flow and working capital management.

Key Responsibilities

• Oversee daily accounting operations adhering to accounting standards.
• Complete monthly book closures including Profit & Loss statements, Balance Sheets, Trial Balances, and General Ledgers.
• Conduct bank reconciliations alongside vendor and customer ledger reconciliations.
• Maintain and update the fixed asset register accurately.
• Manage accounts receivable by monitoring customer dues, analyzing aging reports, and collaborating with sales and collection teams to ensure timely payments.
• Control debtor days within targeted company benchmarks and manage customer credit policies.
• Handle accounts payable by verifying invoices against purchase orders and goods receipt notes, scheduling payments, and maintaining vendor reconciliation statements.
• Prepare and analyze daily cash flow reports and produce weekly and monthly forecasts; coordinate with management to optimize payment scheduling and working capital health.
• Reconcile inventory figures with Zoho Inventory, monitor valuation, and address slow-moving stock in close coordination with warehouse and purchasing teams.
• Verify purchase documentation and maintain accurate records of cost, advances, and vendor balances.
• Ensure compliance with GST regulations, including preparation and reconciliation of GSTR-1, GSTR-3B, and GSTR-2B returns, along with providing support for TDS and income tax filings.
• Manage banking transactions, process payments including cheque and electronic modes, and support documentation for Letters of Credit (LC) and Bank Guarantees (BG) as well as loans.
• Generate various management information reports including daily cash flow and collection reports, aging analyses for receivables and payables, inventory reports, outstanding balances, and monthly financial summaries.
• Strengthen internal controls by implementing standard operating procedures, improving accounting processes, and supporting ERP system enhancements to reinforce financial discipline.

Required Qualifications and Skills

• Strong grasp of fundamental accounting principles and practices.
• In-depth experience with GST compliance and related statutory filings.
• Knowledge of TDS and basics of income tax regulations.
• Expertise in accounts receivable and payable functions, inventory accounting, and cost accounting.
• Proficiency in banking operations, cash flow management, and working capital optimization.
• Capability to prepare detailed financial reports and conduct profitability analyses.
• Hands-on experience with ERP systems and financial software tools.

Additional Information

The position demands a financial professional capable of maintaining stringent accounting standards while managing operational finance functions efficiently. Coordination with internal departments and external auditors is vital for successful compliance and audit support. Candidates will be responsible for maintaining robust internal controls and facilitating improvements in financial processes and systems.