Accountant
Irfan Brothers
PKR 85,000 • Published Date: • Lahore, Pakistan (On-Site)
Description
Irfan Brothers is looking for a meticulous and skilled Accountant to join its finance team and oversee daily accounting activities, financial reporting, and statutory compliance within the manufacturing sector. The ideal candidate should possess strong expertise in double-entry bookkeeping, inventory accounting, production costing, and taxation, along with proficiency in ERP systems and Microsoft Excel. This role requires managing comprehensive accounting functions to ensure accurate financial records and adherence to regulatory requirements. The position demands a detail-oriented individual capable of working independently, supporting management through insightful financial analyses, and ensuring accuracy in cost accounting and tax compliance within a dynamic manufacturing environment.
Responsibilities
- Maintain precise general ledger accounting, journal entries, and subsidiary ledger records.
- Record and process all financial transactions, including purchases, sales, expenses, receipts, payments, and necessary adjustments.
- Manage accounts payable and accounts receivable, perform supplier reconciliations, and prepare customer ageing reports.
- Conduct bank reconciliations and oversee cash and petty cash management.
- Prepare timely monthly financial statements such as profit and loss accounts and balance sheets.
- Maintain detailed inventory records covering raw materials, chemicals, pigments, packaging materials, work-in-progress, and finished goods.
- Track raw material purchases, stock receipts, production consumption, wastage, and finished goods inventory accurately.
- Reconcile physical inventory counts with accounting and ERP records to ensure consistency.
- Calculate manufacturing costs comprehensively, including raw materials, labor, factory overheads, and wastage.
- Develop product-wise cost sheets and compare actual production costs against standard costs for variance analysis.
- Identify inventory discrepancies, excessive material consumption, and production inefficiencies to advise management accordingly.
- Prepare and file monthly sales tax returns in compliance with local regulations.
- Maintain sales tax records, reconcile input and output tax registers, and calculate withholding tax according to income tax laws.
- Assist in preparing withholding tax statements and annual income tax returns.
- Manage documentation for imports, customs duties, sales tax, and other statutory taxes.
- Coordinate tax matters with external consultants and auditors to ensure compliance and accurate reporting.
- Compile monthly management reports encompassing sales, purchases, expenses, profitability, receivables, payables, and inventory status.
- Monitor factory expenses and analyze variances between budgeted and actual costs.
- Maintain fixed asset registers, calculate depreciation schedules, and record capital expenditures accurately.
- Assist in preparing cash flow statements and financial forecasts to support business planning.
- Ensure all financial transactions are properly documented and authorized.
- Maintain accounting and inventory records within the ERP system, ensuring integration of purchasing, production, sales, and accounting data.
- Preserve supporting documents such as invoices, delivery challans, goods receipt notes, payment vouchers, and production reports.
- Contribute to improving accounting procedures and internal financial controls for enhanced efficiency and accuracy.
- Lead and manage a team member, providing guidance and oversight to ensure timely and accurate completion of assigned tasks.
Experience
3 Years
Apply By
Required Skills
- General Ledger Accounting
- Financial Controls
- Statutory compliance
- Production Costing
- Bank Reconciliation
- Taxation Compliance
- Financial Reporting
- Cost Accounting
- Inventory Management
- Month-end close procedures
- Enterprise Resource Planning (ERP) Systems
- Microsoft Excel
- Tax Preparation and Compliance
- Accounts Payable and Receivable
- Account Reconciliation
- Financial Statement Preparation
Nice to Have Skills
- Fixed Asset Management
- Cash Flow Forecasting
- Documentation and Record keeping
- Analytical thinking