Job Overview:
The Senior Export Accountant will be responsible for overseeing and managing the financial transactions related to export activities, ensuring compliance with international accounting standards, and supporting the company's global trade operations. This role involves preparing and reviewing export documentation, managing export revenue recognition, handling foreign currency transactions, and working closely with other departments such as logistics, sales, and legal teams.
Key Responsibilities:
- Export Financial Reporting:
- Oversee the preparation and presentation of export-related financial statements and reports.
- Ensure the accuracy and timeliness of revenue recognition for all export transactions, including sales and commissions.
- Review financial transactions and export invoicing for completeness and compliance with applicable accounting standards and export regulations.
- Foreign Currency Management:
- Handle the accounting of foreign currency transactions, including exchange rate fluctuations and hedging strategies.
- Monitor and manage the impact of currency movements on export revenues and costs.
- Ensure proper translation and consolidation of foreign subsidiary financial statements.
- Compliance and Audit:
- Ensure compliance with local and international accounting standards, tax regulations, and export-related laws (e.g., customs, tariffs, duties).
- Assist in audits related to export financials and internal controls.
- Prepare necessary reports and documentation for export tax filings.
- Export Documentation and Accounting:
- Collaborate with logistics and export teams to ensure all export documentation (e.g., bills of lading, customs declarations, export licenses) is properly accounted for.
- Monitor the accuracy and timely submission of export invoices, receipts, and payments.
- Oversee the reconciliation of export receivables and resolve discrepancies.
- Cost Control and Budgeting:
- Assist in the budgeting and forecasting of export activities, identifying potential cost-saving opportunities and efficiencies.
- Analyze cost structures associated with export shipments, including shipping, insurance, and customs costs.
- Evaluate the financial impact of international business activities and suggest improvements.
- Liaison and Communication:
- Work closely with internal stakeholders, including sales, operations, and supply chain teams, to ensure smooth financial processes for exports.
- Liaise with external partners such as banks, auditors, and customs authorities to resolve issues related to export transactions.
- Provide guidance and training to junior accounting staff or colleagues in export-related financial processes.
- Financial Analysis:
- Perform regular analysis of export revenue, profitability, and margins.
- Provide insights into the financial performance of export operations and recommend improvements or corrective actions.
- Analyze trends in the global market to assess potential risks and opportunities for the business.
Qualifications and Requirements:
- Education: Bachelor’s degree in Accounting, Finance, Business Administration, or related field. Professional accounting qualifications (e.g., CPA, ACCA) preferred.
- Experience:
- Minimum of 2 years of accounting experience, with at least 1-2 years in an export or international trade-related role.
- Strong experience with export accounting, international tax, and foreign exchange management.
- Proven track record of managing export financial operations, including compliance and documentation.
- Skills:
- Strong understanding of international accounting principles (e.g., IFRS, GAAP).
- Proficient in accounting software and MS Office (Excel, Word, PowerPoint).
- Experience with ERP systems .
- Excellent analytical, problem-solving, and organizational skills.
- Strong attention to detail and accuracy.
- Effective communication skills and ability to work cross-functionally with various teams
Job Type: Full-time
Pay: ₹25,000.00 - ₹30,000.00 per month
Benefits:
- Cell phone reimbursement
- Provident Fund
Education:
Experience:
- A/R Analysis: 1 year (Preferred)
- Accounting: 1 year (Required)
- total work: 1 year (Required)
Work Location: In person
