Accountant

Varel Energy Solutions (VES) is one of the world’s largest independent manufacturer and suppliers of downhole drilling and completions products to the energy sector. The key to the company's success is underpinned by the virtues and the cultural framework of our employees.  VES offers an exciting and fast paced work environment, attractive benefits, and competitive pay. If you’re looking to invest in your career development, Varel Energy Solutions is the right place for you.  Come join our team!

Summary: VES is looking for an Accountant to join our team in Faridabad, India location. This position will be responsible for supporting financial operations, compliance, and reporting activities while ensuring adherence to IND AS/IFRS standards, statutory regulations, and internal company policies. The role focuses on revenue recognition, freight cost control, fixed asset accounting, payroll compliance, export documentation, and trade compliance while contributing to accurate financial reporting and operational efficiency.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

• Prepare monthly revenue MIS, profitability analysis, and performance reports by product and customer.
• Ensure compliance with IND AS/IFRS requirements for revenue recognition and financial reporting.
• Validate freight invoices, maintain freight rate masters, and post accruals as required.
• Analyze freight cost variances and support route optimization initiatives.
• Process vendor invoices using 3-way matching and ensure GST/TDS compliance.
• Follow up on customer invoices to support timely collections and improve DSO performance.
• Manage fixed asset accounting including asset booking, capitalization, and reconciliation between FA register and General Ledger.
• Ensure accurate depreciation postings and proper accounting for asset disposals.
• Manage payroll inputs, processing, and statutory filings (PF, ESI, PT, TDS).
• Ensure compliance with labour laws, contractor audits, and statutory obligations.
• Support customs and export compliance activities including HSN classification and documentation.
• Compute and track export incentives such as RoDTEP and GST refunds.
• Validate Incoterms in contracts and shipping documents to mitigate commercial and compliance risks.
• Collaborate with cross-functional teams including finance, logistics, and operations to improve process efficiency.
• Maintain organized financial documentation for audit readiness and regulatory reviews.
• Adhere strictly to internal standards, policies, and procedures.

Education and/or Experience:

• CA/CMA/MBA (Finance) or B.Com with specialization in Accounting/Taxation or related field.
• Strong understanding of revenue recognition, statutory compliance, and trade finance practices.
• Knowledge of export incentives, payroll compliance, and financial reporting frameworks

Thank you for your interest in a career with Varel Energy Solutions.