Senior Accountant

Job Summary

We are looking for a highly responsible Senior Accountant who can independently manage event-based accounting, vendor cycles, and financial controls in a fast-paced hospitality environment. The role requires strong ownership, accuracy, and the ability to work closely with operations, purchase, and sales teams.

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Key Responsibilities

1. Event-Based Accounting (Core Role)

* Maintain event-wise costing and profitability tracking
* Record advance receipts, stage payments, and final settlements
* Ensure proper accounting of per plate costing, additional services, and variations
* Coordinate with sales & operations for final billing accuracy
* Maintain event P&L statements

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2. Revenue & Receivables Management

* Track client payments (advance + balance)
* Follow up on outstanding receivables with structured reporting
* Ensure timely invoicing post-events
* Maintain client ledger reconciliation

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3. Vendor Payments & Control

* Manage vendor bill verification and approvals
* Implement company policy:
    * Bills submission cycle (1st–7th or weekly Monday system)
    * Payment cycle compliance
* Ensure no payment without proper documentation
* Vendor ledger reconciliation and dispute resolution

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4. Compliance & Taxation

* Handle GST (GSTR-1, 3B, reconciliation)
* Manage TDS deductions, payments & returns
* Ensure compliance with Income Tax & statutory regulations
* Work with auditors for audit closure

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5. Cost Control & Purchase Coordination

* Work closely with purchase team for rate validation & cost tracking
* Monitor raw material cost fluctuations
* Identify leakages, wastage, or abnormal cost spikes
* Support management with cost-saving insights

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6. Banking & Cash Flow

* Daily monitoring of bank balances & fund flow
* Perform regular bank reconciliations
* Plan vendor payouts based on cash flow
* Manage working capital efficiently

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7. Internal Controls & SOP Implementation

* Ensure strict implementation of:
    * Billing controls
    * Vendor approval systems
    * Cash handling protocols
* Prevent pilferage, duplication, or financial errors
* Maintain audit-ready documentation

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8. Team Management

* Supervise junior accountants and billing team
* Review entries, reconciliations, and reports
* Train team on systems and compliance

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Key Requirements

Education

* B.Com mandatory
* CA / Inter CA / MBA Finance preferred

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Experience

* 5–10 years experience
* Prior experience in catering / hospitality / event industry strongly preferred

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Skills

* Strong in GST, TDS, and compliance
* Expertise in Tally / Busy / Zoho Books
* Advanced Excel (MIS, costing sheets, reconciliation)
* Understanding of event costing & operational flow

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Key Attributes (Very Important for Your Setup)

* High ownership mindset (not just data entry)
* Strong control over leakages & wastage
* Ability to coordinate across departments
* Strict, disciplined, and process-driven
* Problem solver, not excuse giver

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Performance KPIs

* Accuracy of event P&L
* Reduction in outstanding receivables
* Vendor payment discipline
* Zero compliance delays/penalties
* Cost control improvements