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 a