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Chemical Industry Professional
2 days ago
Job Summary:
Advance International Chemicals Pvt Ltd is looking for a detail-oriented and organized Financial Management Associate to manage their financial transactions, maintain accurate records, and provide essential support to the management.
Key Responsibilities:- Manage letter of credit preparation and finalization, including LC Cost Sheet and recording of imported stock in the company's books of accounts.
- Prepare and review receivables aging report, sales and recovery targets, and purchases from IGP, GRN with stock ledger and supplier ledger.
- Coordinate stores issuance for production and general maintenance, production entries, and reconciliation statements of monthly production item-wise with store issuance and wastage.
- Ensure accurate sales reconciliation from OGP, Sales Invoices, Delivery Challans with sales ledger and debtor's ledger, and maintain perfect knowledge about accrual concepts.
- Record and reconcile expenses under proper heads of accounts, maintaining each voucher numbered, signed with supporting documents, and in series.
- Prepare and submit withholding tax statements U/S 165, 147, 155, 153, 151, and reconcile with Income Tax ledgers.
- Review and verify sales tax returns after complete verification of Input and Output tax adjustments, reconciliation with Sales Tax ledgers, and summary statement U/S 26(5).
- Verify Bank Reconciliation statements, commission workings of staff, and submission of stock statements to the bank on or before the 10th of each month.
- Monitor salary sheets and tax deducted thereon, as well as withholding tax deduction on all payments including advance payment.
- Address any other query/information asked by the head of department/company from time to time.
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