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Finance Associate

About BHIVE

BHIVE is a group of managed office space and FinTech companies focused on commercial real estate – www.bhive.group

BHIVE started as the oldest co-working brand in Bangalore and is now one of the largest chains of managed office-spaces in Bangalore. Established in the year 2014, we have a presence in multiple key locations in Bangalore and are on track to expand to multiple other key locations in the city. Beyond managed office spaces, we have introduced other flexible leasing products like enterprise leasing solutions. To know more, check out our website – www.bhiveworkspace.com

BHIVE Alts is the fintech platform which provides retail investors access to institutional quality Real Estate investment options, helping them diversify their portfolio – www.bhivealts.com

Our mission is to be India’s largest and most comprehensive platform for commercial real estate rental solutions, driven by a customer-centric mindset. We strive to be the go-to partner of choice for customers by offering best-in-class customer experience, value for money, tailor-made solutions and the options available.

Role: Finance Associate 

Experience Range: 4-5 years in Accounting and Finance. 

Qualification: CA Inter with Bachelor’s degree in Accounting and Finance. 

Role Summary: 

We are looking for a skilled Accounting professional with 4-5 years of relevant experience to join the BHIVE group. In this crucial role, you will be responsible for executing end-to-end bookkeeping functions and ensuring strict compliance with Indian financial reporting regulations. If you have a strong understanding of Indian accounting practices and thrive in a dynamic, fast-paced environment, we encourage you to apply. 

Employee Referral Policy :  

Category : Referral Category 4 

If you refer a candidate, you stand to win exciting prizes. For more details refer to www.bhiveworkspace.com/employee-referral/  

Key Deliverables: 

Financial Reporting and Book-keeping: 

  • Prepare accurate and timely financial statements in compliance with Accounting Standards (AS and Ind AS). 
  • Facilitate seamless financial transactions and cross-billing activities between multiple entities. 
  • Ensure accurate recording of intercompany transactions, collaborating with stakeholders for transparent and optimized cross-entity billing processes. 
  • Maintain MEC checklist and ensure all monthly closing accounting entries are updated. Assisting in overall improvement of accounting function, daily activities and management reporting structures. 
  • Foster cohesive interaction with Accounts Payable, Accounts Receivable, Tax, and Compliance teams to ensure seamless financial operations and regulatory compliance across diverse entities. 
  • Hands-on experience with sector, centre level P&L, monthly MIS reporting exposure. 

Statutory Compliance: 

  • Ensure meticulous compliance with Income Tax and Goods and Services Tax (GST) regulations. 
  • Adept in GST compliance w.r.t. RCM, reversal of blocked credits, and ITC reconciliation with books. 
  • Manage Tax Deducted at Source (TDS) compliance, including accurate deduction, filing, and reconciliation. 
  • Coordinate with AP and AR teams for proper GST reporting. 

Bank Reconciliation: 

  • Perform periodic bank reconciliations to ensure precision and completeness. 
  • Investigate and rectify any discrepancies promptly. 

Internal Controls: 

  • Implement and monitor internal control procedures aligned with Indian GAAP. 
  • Identify opportunities for process enhancement and efficiency. 

Audit Coordination: 

  • Facilitate internal and statutory financial audits, providing necessary documentation and insights to auditors. 
  • Experience with handling Internal Financial Controls, Internal Audit compliance preferred but not mandatory. 
  • Address audit findings and implement corrective actions. 

Required Skills: 

  • Demonstrated experience (4-5 years) in accounting roles with a focus on accounting standards in India and relevant and regulations. (Startup experience preferred) 
  • Proficiency in accounting software (Zoho books preferred). 
  • Thorough knowledge of GST, TDS, and Income Tax. 
  • Analytical mindset with strong problem-solving skills. 
  • Excellent communication skills, both written and verbal. 
  • Ability to work independently and collaboratively in a fast-paced startup environment. 

How To Apply? 

Please send your CV to hr@bhiveworkspace.com with the subject “Application for the post of Finance Associate” 

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