Accountant

Position Overview: 

The Senior Accountant at Studio 5 India is responsible for overseeing the financial operations, preparing financial statements, and ensuring compliance with accounting standards and regulations. This role requires a combination of technical expertise, leadership skills, and attention to detail to maintain accurate financial records, provide financial analysis, and support decision-making processes within the organization.

Key Responsibilities:

1. Financial Reporting:

   • Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements, to provide insights into the company's financial performance.

   • Ensure timely and accurate reporting of financial results in compliance with accounting standards and regulatory requirements.

   • Conduct variance analysis and identify trends, risks, and opportunities for management review and decision-making.

2. Budgeting and Forecasting:

   • Assist in the development of annual budgets and forecasts, working closely with department heads and senior management to align financial goals with business objectives.

   • Monitor budget performance, analyze variances, and provide recommendations for cost optimization and revenue enhancement.

   • Prepare budget-to-actual reports and financial forecasts to support strategic planning and resource allocation decisions.

3. Financial Analysis:

   • Perform financial analysis, including profitability analysis, trend analysis, and cost-benefit analysis, to evaluate business performance and identify areas for improvement.

   • Provide insights and recommendations based on financial data and analysis to support decision-making processes and strategic initiatives.

   • Collaborate with cross-functional teams to assess the financial impact of business initiatives and investment opportunities.

4. Compliance and Internal Controls:

   • Ensure compliance with accounting principles, tax regulations, and internal control procedures to safeguard company assets and maintain financial integrity.

   • Conduct periodic audits and reviews of financial transactions, accounts, and processes to identify and mitigate risks of errors, fraud, and non-compliance.

   • Implement improvements to internal controls and procedures to enhance efficiency, accuracy, and transparency in financial reporting and operations.

Key Result Areas (KRAs):

1. Financial Accuracy and Integrity:

   • Ensure the accuracy and integrity of financial data, records, and reports through meticulous attention to detail and adherence to accounting standards.

   • Minimize errors, discrepancies, and irregularities in financial transactions and reporting processes.

2. Financial Analysis and Insights:

   • Provide timely and insightful financial analysis and reporting to support decision-making processes and strategic initiatives.

   • Deliver actionable recommendations for improving financial performance, reducing costs, and enhancing profitability based on data-driven analysis.

3. Compliance and Risk Management:

   • Maintain compliance with accounting standards, tax regulations, and internal control procedures to mitigate risks and ensure financial integrity.

   • Identify and address potential risks, weaknesses, and areas of non-compliance through effective risk management and internal control practices.

Key Performance Indicators (KPIs):

1. Financial Reporting Accuracy:

   • Percentage of financial statements prepared accurately and on time.

   • Number of material errors or discrepancies identified and resolved in financial reporting processes.

2. Budget Adherence:

   • Variance between actual financial performance and budgeted targets.

   • Percentage of budgeted expenses and revenues achieved within designated timeframes.

3. Financial Analysis Effectiveness:

   • Timeliness and relevance of financial analysis and insights provided to management.

   • Number of actionable recommendations implemented to improve financial performance based on analysis findings.

4. Compliance and Audit Results:

   • Results of internal and external audits, including findings, recommendations, and resolution of audit issues.

   • Percentage of compliance with accounting standards, tax regulations, and internal control procedures.

The Senior Accountant plays a critical role in maintaining the financial health and integrity of Studio 5 India through accurate financial reporting, insightful analysis, and effective compliance and risk management. By providing timely and relevant financial information and recommendations, the Senior Accountant supports informed decision-making and contributes to the overall.

• It is a Full Time Accountant job for candidates with 2 - 6+ years Experience.