Last Updated on :19-12-2018
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Accounts Executive (Recording & Reporting)

Aliases: Accountant, Bookkeeper, Accounts Representative

Industry/Sector(s): BFSI


JOB DESCRIPTION 1

The tasks an Accounts Executive (Recording and Reporting) is expected to perform include:

  • Maintaining up-to-date records
  • Preparing bank reconciliation statements
  • Preparing various reports like depreciation schedules, extracts from ledgers, etc.
  • Filing and recordkeeping
WORK ENVIRONMENT 3, 5
  • It is a desk job
  • Work from home option is not available
  • Part-time jobs may be available
  • Travelling is not a part of this job role
  • May need to handle a team
Working hours
  • Organizations usually work for 5/6 days a week and 8/9 hours everyday. This may vary from organization to organization
  • Shift system is available
Is the job suitable for a candidate with special needs?

This job is suitable for candidates with One Arm (OA), One Leg (OL), One Leg and One Arm (OLA) and those who have Low Vision (LV)

This may vary from organization to organization

EDUCATIONAL QUALIFICATIONS AND TRAINING 1
  • Preferably, graduation in Commerce/allied subjects or diploma in commercial practice
  • Certified training for Accounts Executive (Recording and Reporting) (programme aligned to BSC/Q 1001 released by BFSI Sector Skill Council of India)
KEY COMPETENCIES 1
  • Knowledge of how to maintain records of defined receipts and payments
  • Knowledge of various accounting principles
  • Knowledge of various methods to calculate depreciation like straight line method, reducing balance method, etc.
  • Skilled in preparing bank reconciliation statements
  • Knowledge of maintaining journals and ledgers
  • Knowledge of financial concepts like calculation of interest, VAT, service tax, etc.
  • Knowledge of computer programmes like MS Excel, MS Word, Tally, MS PowerPoint, etc.
  • Adept at segregating data and preparing quarterly and half-yearly statements
DESIRABLE COMPETENCIES 1
  • Preferably training offered by respective financial institutions
  • Problem-solving skills
  • Highly motivated and self-driven  
  • Good analytical skills
  • Good communication skills
  • Ability to multitask
AVAILABLE SKILL TRAINING AND LEARNING INSTITUTES 
  • Indian Institute of Banking and Finance
    http://www.iibf.org.in/

     
  • National Academy of Indian Payroll
    http://naip.in/training.php

     
  • The Institute of Professional Accountants
    http://tipa.in/
AVAILABLE SKILL TRAINING SCHEMES/SCHOLARSHIPS 

 For scholarship and schemes, use further links like:

  • https://scholarships.gov.in/​
  • http://pmkvyofficial.org/ExploreSectorSkillCouncilDetail.aspx?SSC=OA%3d%3d
SAMPLE OF TRAINING AND LEARNING COURSES 

http://www.icai.org/post.html?post_id=3562

CAREER PROGRESSION PATH 4

Senior Manager (Accounts)

            ↑

Manager (Accounts)

            ↑

Assistant Manager

            ↑

Accounts Executive (Recording & Reporting)

            ↑

Junior Accountant

The progression is indicative

EXPECTED EARNINGS 2
  • For candidates with 3 to 6 years of experience - Rs 16,000 to Rs 25,000 per month

These figures are indicative and subject to change

REQUIRED WORK EXPERIENCE 1

Generally, relevant work experience required

PROBABLE EMPLOYERS 2, 5
  • Banks
  • Insurance companies
  • Multinational companies
KEYWORDS 
  • Accountant
  • Bookkeeper
  • Accounts Representative
  • Accounting Executive
OCCUPATIONAL CODES AND STANDARDS 
StandardCodeDescription
NCO 20154311.0101Accounts Executive (Recording & Reporting)
ISCO 20084311Accounting and Bookkeeping Clerks
NIC 200869201Accounting, bookkeeping and auditing activities
QP ReferenceBSC / Q 1001Accounts Executive (Recording and Reporting)
NSQF4Not available
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