Accounting Associate - Level I

DESCRIPTION

Job Summary

The Accounting Associate supports core accounting processes including account reconciliation, journal entry preparation, basic financial analysis, and month-end close activities. The role performs routine accounting tasks under direct supervision and ensures accuracy and timeliness of financial documentation, reporting, and export-related processes.

Key Responsibilities

Common Responsibilities (Internal + External)

• Assist with compiling, consolidating, and conducting basic analysis of accounting and financial information.
• Prepare basic journal entries and ensure timely posting.
• Support monthly and annual account reconciliations under direct supervision.
• Prepare tables, charts, schedules, and exhibits for internal and external reports.
• Participate in basic accounting projects and provide support as a team member.
• Perform ad hoc reporting and data extraction as needed.

• Manage export documents, Letters of Credit (LC), and dispatch documents for submission to banks.
• Process export remittance instructions and ensure timely credit of export proceeds at month‐end.
• Download the sales transaction register on a weekly basis.
• Perform BRC (Bank Realisation Certificate) reconciliation.
• Analyze EDPMS reports and ensure closure of caution-listed cases with banks.
• Prepare and maintain the consolidated shipping bill tracker.
• Ensure timely closure of shipping bills and timely BRC issuance.
• Follow up with banks for bill closures, bank reference numbers, and resolution of queries.
• Upload URN numbers and BRCs to the ORACLE GIEA portal.

• Values Differences: Recognizes and appreciates diverse perspectives and cultural backgrounds.
• Action Oriented: Approaches new challenges with urgency, energy, and enthusiasm.
• Communicates Effectively: Delivers clear, concise communication tailored to diverse audiences.
• Customer Focus: Builds strong relationships and provides customer-centric solutions.
• Decision Quality: Makes timely, well-informed decisions that support business progress.
• Nimble Learning: Learns quickly by experimenting, analyzing outcomes, and applying lessons.

• Financial Analysis: Interprets financial data, identifies trends and variances, and provides insight to support business decision-making.
• Financial Internal Controls: Understands and applies internal control frameworks to mitigate financial reporting risks.
• Financial Regulations Acumen: Evaluates and interprets applicable financial, tax, export, banking, and accounting regulations to ensure compliance.

• High school diploma or equivalent, meeting applicable regulatory requirements.

• Graduate degree in Commerce (B.Com / M.Com).

• Basic understanding of accounting principles and financial processes.
• Proficiency in MS Excel, data entry, and financial documentation.
• Ability to analyze financial data and prepare standard reports.
• Knowledge of export documentation processes (LC, shipping bills, BRCs).
• Familiarity with EDPMS and banking transaction workflows.
• Working knowledge of Oracle or similar ERP systems (preferred).
• Strong attention to detail and ability to work under direct supervision.

• Minimal or no prior work experience required.

• 2 to 5 years of experience in Accounts Receivable, export documentation, and banking interaction for export payments.