Accountant

Company Overview

Phoenix ARC Pvt. Ltd. is an established company operating in the financial services industry, specifically in asset reconstruction. The company's culture emphasizes compliance, precision, and effective management of financial operations.

Job Summary

The Accountant will be responsible for managing day-to-day accounting operations, reporting, and ensuring compliance for Phoenix ARC Pvt. Ltd. and its associated trusts. This role is crucial for maintaining accurate financial records and compliance within the Asset Reconstruction Company environment.

Responsibilities

• Accounting

  • Perform day-to-day accounting entries in Oracle Fusion.
  • Verify and approve Accounts Payable (AP) entries for vendor and employee payments.
  • Approve and pass intercompany transactions; raise intercompany accounts receivable (AR) and closing entries.
  • Finalize Trial Balance (TB) on a monthly basis.
  • Facilitate and execute banking transactions.

• Reporting

  • Prepare and review monthly bank reconciliations.
  • Conduct ledger scrutiny and reconciliations.
  • Track borrowings and facilitate interest and principal repayments.
  • Monitor Fixed Deposit (FD) register; assess placement and liquidation of FDs.
  • Reconcile intercompany balances between the company and trusts.
  • Monitor and assess pledge requirements for secured borrowings.
  • Prepare monthly cash flow workings and reports.

• Compliance

  • Ensure compliance with borrowing covenants and related requirements.
  • Issue quarterly Net Asset Value (NAV) certificates to investors.
  • Liaise with bankers for compliance submissions and reporting.
  • Engage with statutory auditors/chartered accountants for certifications.
  • Coordinate with auditors for submission of data and resolution of queries.
  • Handle Tax Deducted at Source (TDS), Goods and Services Tax (GST), and other statutory compliance, including timely payments.
  • Ensure Provident Fund (PF), Professional Tax (PT), and other statutory dues are filed and paid within deadlines.

Qualifications

• Graduate/Post Graduate in Commerce, Finance, or Accounting.
• Inter Chartered Accountant (CA) preferred.
• 3–6 years of accounting experience, preferably in Banks, Non-Banking Financial Companies (NBFCs), Asset Reconstruction Companies (ARCs), or financial services.

Preferred Skills

• Strong knowledge of accounting principles and concepts.
• Hands-on experience with Oracle Fusion or similar ERP systems.
• Working knowledge of GST, TDS, and statutory compliance.
• Analytical skills with attention to detail and accuracy.
• Strong communication and coordination skills with bankers, auditors, and regulators.
• Ability to manage deadlines and multiple priorities.

Experience

• 3-6 years of relevant accounting experience, preferably in financial services or related sectors.

Environment

The position will be based in the office located at Garware, Western Express Highway, Vile Parle, Mumbai. The role operates on a 5-day work week, contributing to a structured and conducive working environment.

Salary

Salary details are not specified.

Growth Opportunities

Potential career advancement opportunities within the company are not specified.

Benefits

Benefits information is not specified.