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Torq Commodities

Accounting Specialist

Posted 5 Days Ago
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In-Office
Navi Mumbai, Thane, Maharashtra, IND
Senior level
In-Office
Navi Mumbai, Thane, Maharashtra, IND
Senior level
Manage day-to-day accounting, including general ledger, payables, receivables, invoicing, journal entries, reconciliations, and financial close activities. Support reporting, tax and statutory compliance, audits, payroll accounting, fixed assets, banking, intercompany transactions, and commodity trading accounting. The role also contributes to process improvements, internal controls, documentation, and ad hoc financial analysis in an international business environment.
The summary above was generated by AI

TORQ Commodities is looking for a detail-oriented and hands-on Accounting Specialist to support the day-to-day accounting and financial operations of its India business.

The role will be responsible for maintaining accurate books of accounts, managing reconciliations, supporting month-end and year-end closing, ensuring statutory and tax compliance, and coordinating with internal stakeholders, auditors, banks, consultants and external service providers.

The ideal candidate should have strong accounting fundamentals, good knowledge of Indian taxation and statutory requirements, and experience working in a fast-paced, international business environment.

Key Responsibilities
  • Manage day-to-day accounting activities, including general ledger, accounts payable, accounts receivable and journal entries.
  • Maintain accurate accounting records and ensure transactions are properly recorded, classified and supported by appropriate documentation.
  • Process and review vendor invoices, employee expenses, payments and reimbursements.
  • Manage customer accounting, invoicing, collections and outstanding receivables.
  • Perform regular bank, vendor, customer and intercompany reconciliations.
  • Support monthly, quarterly and annual financial closing activities.
  • Prepare schedules, reconciliations and supporting documentation for management reporting.
  • Assist in preparation of P&L, balance sheet and cash-flow reports.
  • Monitor accruals, provisions, prepayments and other balance-sheet accounts.
  • Support accounting for commodity trading transactions, including purchase and sales invoices, logistics/freight costs and related commercial expenses.
  • Coordinate accounting and reconciliation of transactions between TORQ's Indian and international entities.
  • Ensure compliance with applicable GST, TDS and other Indian statutory/tax requirements.
  • Support GST returns, TDS calculations/returns and statutory filings in coordination with tax consultants.
  • Assist with tax assessments, statutory audits, internal audits and financial audits.
  • Maintain fixed-asset registers and depreciation schedules.
  • Support payroll accounting and reconciliation with HR/payroll providers where required.
  • Assist with banking transactions, payment preparation and cash/bank monitoring.
  • Maintain proper documentation and an effective audit trail for all accounting transactions.
  • Support implementation and improvement of accounting processes, internal controls and SOPs.
  • Assist the Finance leadership team with ad-hoc financial analysis, reporting and accounting projects.

RequirementsCandidate Profile
  • Bachelor's degree in Accounting, Finance, Commerce or a related discipline.
  • CA Inter / CMA Inter / MBA Finance would be an advantage.
  • Approximately 4–7 years of relevant accounting experience.
  • Strong understanding of Indian accounting principles and practical accounting processes.
  • Good working knowledge of GST, TDS and statutory compliance.
  • Experience with month-end closing, reconciliations and financial reporting.
  • Experience dealing with auditors and external tax/accounting consultants.
  • Strong Microsoft Excel skills.
  • Experience with ERP/accounting systems; exposure to Zoho, SAP, Tally or similar systems is advantageous.
  • Previous experience within commodities, trading, import/export, logistics, manufacturing or an international organisation would be highly desirable.
  • Good written and spoken English.
Key Competencies

We are looking for someone who is hands-on rather than purely supervisory. The successful candidate should demonstrate strong attention to detail, accuracy, ownership and the ability to work independently.

The role requires someone comfortable working in an entrepreneurial and fast-moving environment, able to manage multiple priorities and follow transactions through from initial documentation to final reconciliation.

Accuracy | Ownership | Integrity | Analytical Thinking | Deadline Management | Commercial Awareness | Attention to Detail | Collaboration

Ideal Profile for TORQ

The strongest candidate would combine solid Indian accounting and compliance knowledge with practical experience in a trading or international business. Experience with multi-entity/intercompany accounting, commodity transactions, foreign-currency transactions and import/export documentation would be particularly relevant.


Benefits

·       Competitive salary with performance-based bonus.

·       Opportunity to work in a global commodity environment.

·       Exposure to international markets and leading industry players.

·       Career development in a fast-growing trading team.

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