About RTIH

The Ratan Tata Innovation Hub (RTIH) is a Section 8 company established under the Government of Andhra Pradesh through the Andhra Pradesh Innovation Society (APIS). As the State’s principal platform for innovation, incubation, and entrepreneurship, RTIH leads a Hub-and-Spoke network connecting five regional innovation foundations across Andhra Pradesh. Its vision—under the AP Innovation & Startup Policy (2024–2029)—is to make Andhra Pradesh a lighthouse of inclusive innovation and entrepreneurship.

Position

Accounts Executive

Employment Type: Full-time Contractual Role

Location: Amaravati, Andhra Pradesh

Reporting To: Controller – Finance & Governance

Role Overview

The Accounts Executive will be responsible for supporting the day-to-day financial and accounting operations of RTIH Amaravati, ensuring accurate financial record-keeping, statutory compliance, timely processing of payments, and preparation of financial reports. The role requires coordination with internal departments, vendors, auditors, government agencies, and banking institutions to ensure smooth financial operations.

Key Responsibilities

Accounting & Bookkeeping

1. Maintain books of accounts in accordance with applicable accounting standards and statutory requirements.
2. Record and verify all accounting transactions, including cash, bank, journal, purchase, sales, and general ledger entries.
3. Maintain accurate accounting records in ERP/CFMS or other accounting software.

Bank & Cash Management

1. Prepare bank reconciliation statements on a monthly basis.
2. Monitor cash flow and maintain petty cash records.
3. Coordinate with banks for account operations and banking documentation.

Statutory Compliance

1. Assist in the preparation and filing of GST, TDS, Professional Tax, PF, ESI, and other statutory returns as applicable.
2. Maintain statutory registers and supporting documentation.

Financial Reporting

1. Prepare monthly MIS reports, expenditure statements, budget utilization reports, and financial summaries.
2. Assist in monthly, quarterly, and annual financial closing activities.
3. Support preparation of annual financial statements.

Audit Support

1. Coordinate with internal and statutory auditors.
2. Provide accounting schedules, reconciliations, and supporting documents during audits.
3. Ensure timely closure of audit observations.

Budget & Project Accounting

1. Track project-wise expenditures and budget utilization.
2. Maintain proper documentation for project-wise financial reporting.
3. Documentation & Record Management
4. Maintain digital and physical financial records.
5. Ensure proper filing of invoices, agreements, purchase orders, and payment documents.
6. Support compliance with internal financial policies and procurement procedures.

Qualifications & Experience

1. Bachelor's Degree in Commerce (B.Com) (Mandatory)
2. M.Com / MBA (Finance) / CA Inter (Preferred)

Experience

1. 2–5 years of relevant experience in accounting and finance.
2. Experience in Government organizations, Section 8 companies, NGOs, incubators, or startup ecosystems will be preferred.

Required Skills

1. Strong knowledge of accounting principles and financial reporting.
2. Working knowledge of GST, TDS, Income Tax, and statutory compliance.
3. Proficiency in ERP, MS Excel (Pivot Tables, VLOOKUP, formulas), and Microsoft Office.
4. High attention to detail and accuracy.
5. Ability to meet deadlines and work independently.
6. Good communication and coordination skills.

💰Compensation: ₹3.5–₹5.0 lakhs per annum (CTC), based on experience and interview performance.