Magical Nest
Website:
magicalnest.com
Job details:
Magical Nest is a premium kids' room interior and furniture company specializing in highly customized residential interiors and furniture solutions.
We are looking for a reliable and detail-oriented Accounts Executive / Junior Accountant to manage day-to-day accounting and finance activities at our factory office in Cheemasandra, Bangalore.
This is a hands-on junior-to-mid-level accounting role for someone who is comfortable working closely with procurement, factory, vendors, project teams, and the central finance function.
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Key Responsibilities
Day-to-Day Accounting
- Handle routine accounting entries and bookkeeping
- Record purchase, sales, payment, receipt, and journal entries
- Maintain accurate ledgers and supporting documentation
- Ensure all transactions are recorded correctly and on time
- Maintain proper filing of bills, invoices, vouchers, and financial records
Vendor & Purchase Accounting
- Verify vendor bills against purchase orders, delivery records, and supporting documents
- Maintain vendor ledgers and reconcile vendor accounts
- Track vendor advances and outstanding payments
- Follow up internally for invoice discrepancies or missing documents
- Prepare vendor payment schedules for approval
Factory Expense Accounting
- Record and track factory-related expenses
- Maintain records of labour, material, transport, petty cash, and operational expenses
- Ensure expenses are allocated to the correct project or cost centre
- Monitor recurring factory expenses and highlight unusual variances
Project-Wise Cost Tracking
- Maintain project-wise accounting records
- Track material purchases, vendor costs, labour expenses, logistics, and other project expenses
- Support project profitability and cost analysis
- Ensure project expenses are correctly tagged in the accounting system
Bank & Cash Reconciliation
- Perform bank reconciliations
- Maintain petty cash records
- Verify cash expenses and supporting vouchers
- Reconcile payments, receipts, and outstanding balances
GST & TDS Support
- Assist with GST calculations and reconciliations
- Maintain GST-related documentation
- Support TDS calculations, deductions, and record keeping
- Coordinate with the Finance Manager / CA for statutory filings
- Ensure required accounting information is available before filing deadlines
Receivables & Payables
- Track vendor payables and payment due dates
- Maintain customer receivable records wherever applicable
- Prepare aging reports for outstanding amounts
- Support follow-up and reconciliation activities
Inventory & Material Accounting
- Coordinate with procurement and factory teams for material records
- Assist in reconciliation of purchases against material received
- Track material-related invoices and supporting documentation
- Support periodic inventory verification and stock reconciliation
MIS & Reporting
- Prepare routine accounting reports
- Maintain payable, receivable, and expense trackers
- Support month-end closing activities
- Provide accounting data to management and the Finance team as required
Audit & Documentation
- Maintain complete supporting documents for accounting transactions
- Assist during internal and statutory audits
- Coordinate with auditors and external consultants when required
- Ensure records remain accurate and audit-ready
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Required Skills
- Good understanding of basic accounting principles
- Hands-on knowledge of Tally Prime / Tally ERP
- Working knowledge of GST and TDS
- Good working knowledge of Microsoft Excel / Google Sheets
- Experience with vendor reconciliation and purchase accounting
- Good numerical accuracy and attention to detail
- Strong documentation and follow-up discipline
- Ability to coordinate with vendors and internal teams
- Basic communication skills in English and Hindi; Kannada is an advantage
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Experience & Qualifications
- 2–4 years of relevant accounting experience
- B.Com / M.Com or equivalent qualification preferred
- Experience in furniture, home interiors, manufacturing, modular furniture, construction, or other project-based businesses will be strongly preferred
- Experience working in a factory or procurement-heavy environment is an advantage
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Ideal Candidate
We are looking for someone who:
- Is hands-on and comfortable with day-to-day accounting
- Is organized and disciplined with bills, vouchers, and documentation
- Can independently handle vendor reconciliations and routine accounting
- Is comfortable working from a factory environment
- Follows up proactively instead of waiting for instructions
- Understands the importance of project-wise cost tracking
- Can grow into a larger finance and accounting role over time
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Work Location
Cheemasandra, Bangalore
This is a full-time Work From Factory position.
Candidates living nearby or willing to commute/relocate to the Cheemasandra area will be preferred.
Click on Apply to know more.
