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/
The Institute of Professional Accountants
http://tipa.in/

AVAILABLE SKILL TRAINING SCHEMES/SCHOLARSHIPS

SAMPLE OF TRAINING AND LEARNING COURSES

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

Standard	Code	Description
NCO 2015	4313.0201	Accounts Executive (Statutory Compliance)
ISCO 2008	4313	Payroll Clerks
NIC 2008	69201	Accounting, bookkeeping and auditing activities
QP Reference	BSC / Q 1101	Accounts Executive (Statutory Compliance)
NSQF	4	Not available

REFERENCES

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