Junior Accountant

Role: Accountant

Location: Mumbai, India

About the role:

OLIVER is on the lookout for an Accountant based in India to join an amazing team in an exciting, fast-growing business

What you will be doing:  

As a key member of the Finance team, the Accountant will be responsible for managing and overseeing the Accounts Payable (AP) and Accounts Receivable (AR) functions. This role will also play a critical part in cash flow management, weekly forecasting activities, intercompany reconciliations, and supporting both internal and external audit and tax processes. The ideal candidate is detail-oriented, organized, and possesses a strong understanding of accounting principles and practices.

Accounts Payable (AP):

• Ensure timely and accurate payment of vendor invoices
• Manage vendor relationships and resolve invoice discrepancies
• Maintain accurate AP records and files
• Ensure compliance with relevant policies and procedures

Accounts Receivable (AR):

• Monitor and follow up on outstanding receivables
• Apply customer payments accurately
• Maintain accurate AR records and files
• Initiate collections activities
• Ensure compliance with relevant policies and procedures

Cash Flow Management:

• Monitor weekly cash balances
• Preparing cash flow forecasts
• Identify and report on cash flow variances
• Recommend strategies to improve cash flow

Forecasting:

• Participate in weekly forecasting activities
• Analyze financial data to support forecasting accuracy
• Assist in the preparation of forecast reports

Month-end closing:

• Performing bank reconciliations
• Assist with month-end and year-end closing activities, i.e. prepare journal entries as needed
• Assist in the preparation and analysis of management reports post month-end closing
• Perform other accounting duties as assigned

Intercompany Reconciliation:

• Perform monthly intercompany account reconciliations to ensure the accuracy of intercompany transactions
• Investigate and resolve intercompany discrepancies in a timely manner
• Coordinate with other departments and regional entities to resolve reconciliation issues
• Prepare and maintain intercompany reconciliation documentation

Management Reporting:

• Prepare and analyze monthly, quarterly, and annual management reports, including variance analysis
• Assist in the preparation of financial statements and supporting schedules
• Provide insightful commentary and explanations for financial results
• Assist in the development and improvement of management reporting processes

Liaison with external parties (e.g. auditors, bankers, government bodies, tax agents)

• Assist with internal and external audit requests
• Prepare schedules and documentation for auditors
• Assist with statutory, tax and regulatory compliance matters, i.e. tax preparation and filing, e-invoice submission, etc.

Other Responsibilities:

• Assist with ad-hoc financial analysis and projects as needed
• Ensure compliance with accounting policies and procedures
• Maintain a high level of accuracy and attention to detail
• Contribute to process improvements within the finance department

What you will need to be great in this role:

• Bachelor’s degree in accounting, finance or related field
• At least 1+ years of financial experience, preferably in multinational corporations
• Proficiency in accounting software, preferably NetSuite, and Microsoft excel
• Strong attention to detail and accuracy
• Ability to work independently and as part of a team
• Excellent analytical, problem-solving, and communication skills
• Experience with cash flow management and forecasting is a plus
• Experience supporting audits and tax processes is a plus
• Passion for and inquisitive about AI and new technologies
• Understanding and knowledge of AI tools is beneficial, but ability to learn and digest benefits and features of AI tools is critical.

Req ID: 19073

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