Accounts Executive in Inventory Management

Job Brief:

About the firm:

NVS Travel Solutions is a 17yearold firm that provides mobility services pan India. In 2023 NVS has scaled to a fleet size of 900 vehicles and an accounting team size of 5 people that you would be part of. We use cutting edge finance tools and processes so most our team members say it is an enriching work experience. We are actively hiring for this role as our business is growing and we need support to handle the large number of transactions that are happening.

Job Responsibilities:

Key Responsibility Areas (KRAs):

1. Financial Record Keeping: Maintain detailed and organised records of all financial transactions ensuring accuracy and compliance with relevant laws and organisational policies.
2. Accounts Reconciliation: Regularly verify and reconcile all ledgers bank statements and other financial data to ensure consistency and clarity.
3. Audit Assistance: Aid in internal and external audits by providing necessary documents explanations and corrections as required.
4. Inventory Management: End to end recording and management of inventory.
5. Accounts Payables: Oversee the processing of invoices ensure timely processing of payments and handle payables efficiently to maintain cash flow.
6. Taxation and Compliance: Prepare and submit all required tax documents and ensure timely payments while staying updated with any changes in taxation laws.
7. Budgeting and Forecasting: Assist in the creation of annual budgets and financial forecasts closely monitoring variances and reporting significant discrepancies.
8. Financial Reporting: Generate monthly quarterly and annual financial statements and reports for both internal and external stakeholders.

Key Performance Indicators (KPIs):

1. Account Accuracy: 100% accuracy in monthly financial entries and reconciliations.
2. Timeliness: Monthly financial closing and reporting completed within the first five days of the succeeding month.
3. Compliance Rate: 100% ontime submission of tax documents and zero noncompliance issues during audits.
4. Vendor Payment Efficiency: 100% of vendor invoices processed and paid within agreed payment terms.
5. Inventory Management: 100% Inventory Management through Accounting Software
6. Budget Adherence: Less than 1% deviation from annual budget without valid reasons.
7. Feedback: Positive feedback from internal teams especially concerning clarity accuracy and collaboration.

Job Role:

1. Daily Transactions: Record and verify daily financial transactions ensuring that all entries are accurate and timely.
2. Team Collaboration: Work closely with the accounting team and other departments to ensure financial operations run smoothly identifying areas of improvement.
3. Software Utilisation: Make proficient use of Tally Prime and Spreadsheet for all accountingrelated tasks keeping data uptodate and organised.
4. Financial Analysis: Periodically review the companys financial performance offering insights and recommendations based on trends and discrepancies.
5. Stakeholder Communication: Regularly liaise with clients vendors and internal teams addressing any concerns related to billing payments or financial data.
6. Continual Learning: Stay updated with the latest in accounting best practices tools and regulations to ensure the company remains compliant and efficient.
7. Ad Hoc Tasks: Undertake any additional financial tasks or projects as required by the CFO or other senior management.

PreRequisites:(Interview Criterion)

Why join this role

inventory management,stakeholder communication,tally prime,financial record keeping,spreadsheet,taxation and compliance,budgeting and forecasting,audit assistance,accounts payables,accounts receivable,account reconciliation,financial reporting,team collaboration,financial analysis,stakeholder engagement,auditing,tally erp,excel,accounting