Last Updated on :19-12-2018
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Accounts Executive (Statutory Compliance)

Aliases: Statutory Compliance Manager, Accountant, Bookkeeper, Accounts Representative, Statutory Compliance Officer

Industry/Sector(s): BFSI


JOB DESCRIPTION 1

The tasks an Accounts Executive (Statutory Compliance) is expected to perform include:

  • Maintaining accounting records​
  • Making statutory payments to the government
  • Filing returns before the due date
  • Filing and recordkeeping
WORK ENVIRONMENT 3, 5
  • It is a desk job
  • May need to handle a team​
  • Travelling may be part of this job role​
  • Part-time jobs may be available​
  • Work from home option is not available
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 or allied subject/diploma in commercial practice
  • Certified training for Accounts Executive (Statutory Compliance) (programme aligned to BSC/Q 1001 released by BFSI Sector Skill Council of India)
KEY COMPETENCIES 1
  • Knowledge of how to compute tax liability
  • Knowledge of how to ascertain service tax liability
  • Skilled in preparing tax challans
  • Knowledge of computer applications like MS Excel, MS Word, Tally, MS PowerPoint, etc.
  • Knowledge of financial concepts like calculation of interest, VAT, service tax, etc.
  • Knowledge of tax terminologies like tax deducted at source, tax collected at source, etc.
DESIRABLE COMPETENCIES 1
  • Preferably training offered by respective financial institutions
  • Problem-solving skills
  • Good analytical skills
  • Highly motivated and self-driven
  • 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.edupristine.com/courses/pg-certificate-in-accounting-and-compliance

CAREER PROGRESSION PATH 4

Senior Manager

          ↑

Manager

          ↑

Assistant Manager

          ↑

Accounts Executive (Statutory Compliance)

          ↑

Junior Accountant

The progression is indicative

EXPECTED EARNINGS 6, 2
  • For candidates with 1 to 3 years of experience - Rs 15,000 to Rs 17,000 per month
  • For candidates with 3 to 6 years of experience - Rs 20,000 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 5, 6, 2
  • Banks
  • Insurance companies
  • Multinational companies
KEYWORDS 
  • Statutory Compliance Manager
  • Accountant
  • Bookkeeper
  • Accounts Representative
  • Statutory Compliance Officer
  • Statutory Compliance Executive
OCCUPATIONAL CODES AND STANDARDS 
StandardCodeDescription
NCO 20154313.0201Accounts Executive (Statutory Compliance)
ISCO 20084313Payroll Clerks
NIC 200869201Accounting, bookkeeping and auditing activities
QP ReferenceBSC / Q 1101Accounts Executive (Statutory Compliance)
NSQF4Not available
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