Account Payable / Account Receivable - Diamond & Jewellery

• Job Title: Accountant Accounts Payable (AP) & Accounts Receivable (AR) Industry: Diamond & Fine Jewellery Position Overview We are seeking a highly organized and detail-oriented Accountant to manage our Accounts Payable and Accounts Receivable functions.
• In the high-value diamond and jewelry industry, this role requires exceptional precision, strict internal controls, and a thorough understanding of industry-specific taxation, gold/diamond costing, and inventory valuation.

Key Responsibilities

• Accounts Receivable (AR) & Billing
• Invoice Generation: Generate, verify, and process accurate sales invoices for retail, wholesale, and B2B orders (including gold, loose diamonds, and studded jewelry).
• Collections & Follow-ups: Proactively follow up with customers and dealers for timely payments, manage collection schedules, and resolve billing or pricing disputes.
• Reconciliation: Reconcile AR sub-ledgers, apply customer payments accurately, and maintain up-to-date customer account balances.
• Aging Reports: Prepare and present weekly/monthly AR Aging reports to management, flagging overdue accounts.
• Accounts Payable (AP) & Vendor Management
• Invoice Processing: Verify, code, and process supplier and vendor invoices (e.g., rough diamond suppliers, gold refiners, and job workers).
• Three-Way Matching: Match purchase orders (PO), delivery challans, and supplier invoices to ensure accurate pricing, carat weight, and quantity.
• Vendor Reconciliations: Reconcile vendor statements, manage vendor queries, and process payments according to agreed-upon credit terms.
• Expense Tracking: Handle employee travel expenses and procurement costs efficiently.
• Industry-Specific Duties & Compliance
• Inventory & Costing Support: Assist in diamond/gold stock valuation, cost of goods sold (COGS) tracking, and periodic physical inventory counts.
• Taxation: Ensure accurate tax treatment (GST, TDS) on all domestic purchases and sales.
• Statutory Compliance: Assist with the computation of taxes and ensure smooth preparation for statutory audits and tax returns.
• Reporting & Month-End Close
• Month-End Procedures: Support the monthly close process by ensuring AP/AR accruals and adjustments are accurately reflected in the general ledger.
• MIS Reporting: Prepare accurate MIS reports, cash flow projections, and profit/loss statements specific to jewelry operations.

Qualifications & Requirements

• Education: Bachelors degree in Commerce, Accounting, Finance, or a related field (B.Com, M.Com, or CA Inter).
• Experience: [e.g., 2 to 5] years of proven accounting experience in the diamond or jewelry industry.
• Software Skills: Strong proficiency in Tally ERP / Tally Prime and advanced MS Excel (VLOOKUP, Pivot Tables).
• Experience with industry-specific ERPs is a major plus.
• Analytical Mindset: High level of accuracy and keen attention to detail (crucial for dealing with high-value assets and carat/weight discrepancies).
• Communication Skills: Excellent verbal and written communication skills to liaise with high-net-worth clients and vendors.

What We Offer

• Salary: commensurate with experience.
• Benefits: [e.g., Provident Fund, Health Insurance, Paid Time Off].
• Work Environment: A professional and ethical work environment with opportunities for professional growth.

Exp.- 2 to 20 Years