Accounting Associate Jobs in Malabar Gold & Diamonds Roseland, NJ

Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. Established in 1993 in the Indian state of Kerala, Malabar Gold & Diamonds today has a strong retail network of over 330 outlets spread across 12 countries in addition to multiple offices, design centers, wholesale units and factories spread across India, Middle East, Far East & USA. With an annual turnover of $5.2 billion, the company currently ranks as one of the largest jewelry retailers globally. With 14 manufacturing units in India and GCC – the company currently has 12 exclusive jewelry brands to cater to the discerning needs of its customers. The group, owned by over 4,000 shareholders excels in quality products and services, and has more than 19,500 professionals from over 26 countries working for its continued success.

What you will do:

• Coordinate and communicate effectively with the bank to ensure smooth operations.
• Provide timely financial advice and support to regional management.
• Monitor branch accounting activities and ensure accuracy and compliance.
• Prepare MIS reports and assist in financial analysis as required.
• Conduct internal audits of respective branches to ensure adherence to policies and procedures.
• Reconcile bank and credit card transactions accurately and in a timely manner.
• Manage vendor and customer payments and reconcile accounts accordingly.
• Provide support for retail software systems and troubleshoot issues as needed.
• Analyze expenses and identify areas for cost-saving initiatives.
• Maintain meticulous records of accounts and financial transactions.
• Verify advance payments and scheme redemptions in accordance with company policies.
• Assist in year-end accounts preparation and finalization processes
• Provide support during audits and ensure compliance with regulatory standards.
• Prepare reports related to GP analysis, inventory management - including norm stock and aged stock analysis etc.
• Responsible for timely sale tax, Corporate Tax and tax assessment submissions.
• Coordinating with Tax and AML compliance authorities for the new updates and improvements.

What you bring to the table:

• Bachelor's degree in accounting or finance (or equivalent experience)
• Strong knowledge of Generally Accepted Accounting Principles (GAAP) or IFRS
• Proficiency in Microsoft Excel and other accounting software
• Excellent analytical skills and attention to detail
• Strong written and verbal communication skills
• Ability to work independently as well as collaborate effectively in a team environment.
• Familiarity with financial report writing tools/software.
• Understanding of tax regulations and reporting requirements
• Experience with budget preparation is a plus.