Management Accountant (Independent Financial Reporting & Credit Control)
Job Type: Full-Time
Work Mode: Remote / Hybrid (Cloud Access to Tally Prime)
About the Role
We are looking for a highly trustworthy, analytical, and detail-oriented Management Accountant to provide independent financial oversight for a partnership firm.
This position has been created to protect the financial interests of the Sleeping Partner, who is not involved in the day-to-day operations of the business. The successful candidate will act as the Sleeping Partner's independent financial representative, ensuring they remain fully informed about the financial health of the business, customer credit risk, accounting accuracy, cash flow, and any significant financial or operational concerns.
This is not a routine bookkeeping role. We are looking for someone who can think critically, analyse financial data, identify risks, question unusual transactions, and provide meaningful business insights.
The business primarily operates on a credit system with builders, contractors, and project customers, making customer credit monitoring and cash flow management essential.
Reporting Structure
- You will report exclusively to the Sleeping Partner.
- Your responsibility is to provide independent financial oversight and unbiased reporting.
- Operational communication with the Managing Partner or staff may occur only when necessary to obtain accounting records, supporting documents, or clarifications required to perform your duties.
- All financial analyses, reports, observations, recommendations, and communications are confidential and shall be submitted only to the Sleeping Partner.
Initial Responsibilities (Accounting Clean-Up)
As your first assignment, you will be responsible for reviewing and organising the firm's existing accounting records before taking over ongoing financial reporting.
This includes:
- Review and reconcile approximately 2–3 years of historical accounting records.
- Verify all bank transactions against Tally and bank statements.
- Ensure every receipt and payment is correctly entered in Tally.
- Match and allocate all customer receipts against the correct invoices.
- Match and allocate all supplier payments against the correct purchase bills.
- Allocate all expenses to the correct accounting heads.
- Clear all suspense accounts and unexplained balances.
- Identify duplicate, missing, or incorrectly posted transactions.
- Reconcile customer and supplier ledgers.
- Reconcile outstanding receivables and payables.
- Prepare a report summarising historical discrepancies, unresolved issues, and recommended corrective actions.
After the historical records have been cleaned and reconciled, you will assume responsibility for ongoing financial monitoring and reporting.
Ongoing ResponsibilitiesFinancial Oversight
- Review the books of accounts through cloud-based Tally Prime.
- Verify the accuracy and completeness of accounting records.
- Ensure all financial transactions are properly recorded.
- Maintain clean, accurate, and reliable financial records.
Customer Credit Monitoring
Prepare bi-weekly reports identifying:
- Customers with excellent payment history.
- Customers whose payments are slowing.
- Customers with overdue or stuck payments.
- High-risk customers.
- Customer-wise outstanding balances.
- Receivables ageing.
- Long-pending projects and collections.
- Customers approaching or exceeding agreed credit limits.
Recommend cases where additional supplies on credit may require management review due to delayed collections or excessive outstanding balances.
Bank Reconciliation
- Verify every bank transaction against bank statements.
- Ensure all receipts and payments are correctly recorded in Tally.
- Perform regular bank reconciliations.
- Investigate and resolve missing, duplicate, or incorrect entries.
- Report discrepancies immediately.
Accounting Review
- Review ledger postings for accuracy.
- Ensure all expenses are posted under the correct accounting heads.
- Identify and clear suspense accounts promptly.
- Correct misclassified transactions.
- Ensure there are no unexplained accounting entries.
Expense Monitoring
Review all expenses and highlight:
- Unusual or excessive expenses.
- Duplicate payments.
- Significant increases in operating costs.
- Transactions lacking proper documentation.
- Any expenditure requiring management attention.
Business Intelligence & Risk Reporting
Provide independent observations regarding:
- Customers becoming financially risky.
- Long-pending receivables affecting cash flow.
- Projects with prolonged outstanding balances.
- Deteriorating collection trends.
- Weaknesses in financial controls.
- Accounting irregularities or unusual financial patterns.
- Business risks that may affect profitability or cash flow.
Where appropriate, provide practical recommendations to improve collections, strengthen internal controls, and reduce financial risk.
Reporting Requirements
Submit bi-weekly or monthly management reports covering:
- Sales and collections.
- Customer-wise outstanding balances.
- Receivables ageing analysis.
- Good customers.
- Slow-paying customers.
- High-risk customers.
- Customers with stuck payments.
- Bank reconciliation status.
- Suspense and unreconciled entries.
- Major expenses.
- Unusual transactions.
- Cash flow observations.
- Financial risks.
- Recommendations for improvement.
Reports should be concise, accurate, and actionable.
Skills & QualificationsMandatory
- Bachelor's degree in Commerce, Accounting, Finance, or a related field.
- Strong knowledge of Tally Prime.
- Experience with bank reconciliations.
- Sound understanding of accounting principles.
- Strong Microsoft Excel skills.
- Excellent analytical and problem-solving abilities.
- High attention to detail.
- Ability to prepare professional management reports.
- Strong ethics, integrity, and confidentiality.
Preferred
- Experience in wholesale, trading, construction, sanitaryware, building materials, or businesses operating on a credit sales model.
- Experience in receivables management and credit control.
- Experience preparing MIS reports and financial dashboards.
Key Performance Indicators (KPIs)
Performance will be evaluated based on:
- Accuracy of accounting reviews.
- Timely completion of bank reconciliations.
- Reduction of suspense and unreconciled entries.
- Successful reconciliation of historical accounting records.
- Correct allocation of receipts, payments, and expenses.
- Early identification of slow-paying and high-risk customers.
- Quality and usefulness of management reports.
- Identification of unusual expenses and accounting discrepancies.
- Practical recommendations that improve collections, cash flow, and financial controls.
Confidentiality
The successful candidate will have access to confidential financial information and is expected to maintain the highest standards of professional ethics and confidentiality.
All financial analyses, reports, observations, recommendations, and supporting documents are confidential and shall be shared only with the Sleeping Partner unless expressly authorised otherwise.
What We Are Looking For
We are looking for someone who is more than just an accountant.
You should be a proactive financial analyst who:
- Thinks independently.
- Questions unusual transactions.
- Identifies financial risks before they become major problems.
- Notices trends in customer payment behaviour.
- Ensures the accounts accurately reflect the true financial position of the business.
- Provides objective, evidence-based observations.
- Protects the financial interests of the Sleeping Partner through accurate reporting, financial analysis, and strong accounting controls.
If you enjoy analysing businesses, improving accounting systems, strengthening financial controls, and helping management make informed financial decisions, we would love to hear from you.
Pay: From ₹16,000.00 per month
Application Question(s):
- Do they own a laptop/computer with active internet
Education:
- Secondary(10th Pass) (Preferred)
Experience:
Willingness to travel:
Work Location: Hybrid remote in Hyderabad, Telangana (Hyderabad District)
