Job Description

 We are seeking a detail-oriented and experienced Jewelry Accounts Manager to oversee and manage the financial and accounting operations of our jewelry business. The ideal candidate should have a strong background in accounting, preferably in the gems and jewelry industry, and be capable of handling everything from daily bookkeeping to financial reporting and compliance. 

Job Requirements

Key Responsibilities:

Accounting & Finance

• Maintain accurate records of all financial transactions related to jewelry sales, purchases, and inventory.
   
• Prepare and manage daily sales reports, purchase ledgers, and general ledgers.
   
• Reconcile bank statements and monitor cash flow.
   

Billing & Invoicing

• Generate accurate invoices for customers and ensure timely collection of payments.
   
• Handle accounts receivable and payable, and ensure timely vendor payments.
   

Inventory & Costing

• Coordinate with inventory and store teams to track stock movement and valuations.
   
• Calculate product costing, including material, labor, and wastage for gold, diamonds, and gemstones.
   

Taxation & Compliance

• Prepare and file GST, TDS, and other statutory returns.
   
• Ensure compliance with financial regulations specific to the jewelry industry (e.g., BIS norms, KYC for high-value transactions).
   
• Assist in internal and external audits.
   

Client & Vendor Management

• Maintain strong relationships with suppliers, clients, and financial institutions.
   
• Handle client account queries and ensure all accounts are balanced and reconciled.
   

Reporting

• Generate monthly, quarterly, and annual financial reports for management.
   
• Assist in budget planning and financial forecasting.
   

Requirements:

• Bachelor’s degree in Accounting, Commerce, or Finance (CA Inter or equivalent is a plus).
   
• 3–5 years of experience in accounting, preferably in the jewelry, retail, or luxury goods sector.
   
• Strong understanding of jewelry-specific accounting practices (e.g., metal weight-based costing, hallmarking charges, making charges, etc.).
   
• Proficiency in accounting software (e.g., Tally ERP, Marg, QuickBooks, or jewelry-specific ERP systems).
   
• Solid knowledge of GST, TDS, and other Indian taxation norms.
   
• Strong analytical, problem-solving, and organizational skills.
   
• Attention to detail and ability to handle confidential information.
   

Preferred Skills:

• Experience working with diamond/gold/jewelry retailers or wholesalers.
   
• Knowledge of inventory valuation based on purity and weight.
   
• Familiarity with audit procedures and financial compliance in the gems & jewelry sector.
   

Compensation:

• Competitive salary based on experience.
   
• Performance-based incentives and bonuses.
   
• Additional benefits like staff purchase discounts, travel allowance, etc.

Skills