Audit Executive

Company Description

Founded in 1981, KARM & CO is a well-established firm with extensive expertise in the field of chartered accountancy. With a team of 7 partners and highly qualified staff, the firm offers tailored solutions to meet the needs of its diverse client base, which includes leading private and public sector enterprises. KARM & CO is empanelled with esteemed regulatory authorities such as the Comptroller and Auditor General of India, Reserve Bank of India, and Securities & Exchange Board of India. Leveraging specialized areas of expertise, the firm is committed to providing innovative solutions with a focus on integrity, excellence, and professionalism. Joining KARM & CO offers exciting career opportunities in a dynamic and impactful work environment.

Location

Mumbai

Qualification

• Semi-Qualified CA (CA Inter cleared with relevant experience)

• Qualified CMA

• Candidates with experience in shipping, logistics, maritime, trading, or corporate accounting will be preferred.

Experience

• Semi-Qualified CA: 2–5 years of relevant experience

• Qualified CMA: 3–8 years of relevant experience

Compensation

• Salary will be commensurate with experience, technical competency, and industry exposure.

Role Overview

We are seeking a highly motivated finance professional to support the accounting, reporting, compliance, and ERP transformation initiatives of a diversified Shipping Group. The role will involve end-to-end accounting oversight, financial reporting, reconciliations, audit coordination, MIS preparation, ERP implementation support, and IFRS compliance activities across multiple group entities.

Key Responsibilities

Accounting & Reconciliations

• Perform and monitor bank reconciliations on a periodic basis.

• Review and reconcile inter-company balances and transactions.

• Conduct vendor, customer, and general ledger reconciliations.

• Identify, investigate, and resolve unreconciled items and legacy accounting issues.

• Undertake historical accounting data cleanup and ledger scrutiny.

GST & Compliance Support

• Conduct GST reconciliations between books, returns, and supporting records.

• Review GST input tax credit reconciliations and exception reports.

• Assist in preparation of compliance-related schedules and management reports.

• Coordinate with tax consultants and auditors for information requirements.

Financial Reporting & Finalisation

• Assist in month-end, quarter-end, and year-end financial close processes.

• Prepare financial statements and supporting schedules in accordance with Schedule III of the Companies Act, 2013.

• Prepare balance sheet schedules, lead schedules, and supporting working papers.

• Ensure timely and accurate preparation of management and statutory reporting packs.

IFRS & Technical Accounting

• Support implementation and compliance with IFRS requirements.

• Prepare accounting position papers and technical accounting schedules.

• Assist in preparation of IFRS disclosures and reporting packs.

• Coordinate with auditors regarding accounting treatments and financial reporting requirements.

Audit Coordination

• Liaise with statutory auditors, internal auditors, and management.

• Prepare audit schedules, reconciliations, and supporting documentation.

• Track audit queries and ensure timely closure of observations.

• Support implementation of audit recommendations and process improvements.

ERP & Process Improvement

• Support ERP implementation, migration, and stabilization activities.

• Assist in master data validation and migration of historical financial data.

• Perform system reconciliations and post-migration validations.

• Prepare SOPs and process documentation for finance functions.

• Coordinate with ERP consultants and internal stakeholders.

MIS & Management Reporting

• Develop and maintain MIS reports and finance dashboards.

• Analyze financial and operational data to provide management insights.

• Prepare variance analysis, cash flow reports, and KPI-based reporting.

• Support management decision-making through data-driven reporting.

Ad-hoc Assignments

• Assist management in special projects, business analysis, and process improvement initiatives.

• Support new accounting, reporting, and compliance requirements as they arise.

• Handle any other finance and accounts-related assignments within the group.

Required Skills

• Strong knowledge of accounting principles and financial reporting.

• Working knowledge of Schedule III financial statement preparation.

• Understanding of GST reconciliations and compliance requirements.

• Exposure to IFRS/Ind AS reporting and disclosures.

• Strong reconciliation and analytical skills.

• Proficiency in Microsoft Excel (advanced functions, pivots, lookups, dashboards).

• Experience with ERP systems such as SAP, Oracle, Microsoft Dynamics, NetSuite, Tally, or similar platforms.

• Ability to manage multiple entities and deadlines simultaneously.

• Excellent communication and stakeholder management skills.

Preferred Experience

• Experience in shipping, maritime, vessel management, logistics, trading, or group accounting environments.

• Prior exposure to ERP migration or implementation projects.

• Experience in preparation of management dashboards and MIS reporting.

• Familiarity with multi-entity accounting and consolidation processes.

Key Attributes

• Detail-oriented and analytical mindset.

• Strong ownership and problem-solving ability.

• Ability to work independently and coordinate with cross-functional teams.

• Willingness to handle dynamic and evolving business requirements.

• It is a Full Time Accountant job for candidates with 1 - 5 years of experience.