Sector
BFSI
Keyword

Accountant

Bookkeeper

Accounts Representative

Accounting Executive

Minimum ? Bachelor?s Degree in Commerce/allied subjects or Diploma in Commercial Practice

Certified training for Accounts Executive (Recording and Reporting) (programme aligned to BSC/Q 1001 released by BFSI Sector Skill Council of India)

Preferably relevant work experience

The tasks an Accounts Executive (Recording and Reporting) is expected to perform include: Maintaining up-to-date records Preparing bank reconciliation statements

Preparing various reports like depreciation schedules, extracts from ledgers etc.Filing and recordkeeping

Knowledge of how to maintain records of defined receipts and payments

Knowledge of various accounting principles Knowledge of various methods to calculate depreciation like straight line method, reducing balance method etc.Skilled in preparing bank reconciliation statements

Knowledge of maintaining journals and ledgers

Knowledge of financial concepts like calculation of interest, VAT, service tax etc.Knowledge of computer programmes like MS Excel, MS Word, Tally, Power

Point etc.Adept at segregating data and preparing quarterly and half-yearly statements

Preferably training offered by respective financial institutions

Problem solving attitude

Team player

Highlymotivatedandself-driven

Good analytical skills

Good communication skills

Integrity

Ability to multitask

It is a desk job

Work from home option is not available

Part-time jobs maybe available

Travelling is not a part of this job role

May need to handle a team

Working hours

Companies usually work for 5/6 days a week and 8/9 hours everyday. This may vary from company to company

Shift system is not available

Is the job suitable for a candidate with special needs?Maybe

This job is not listed as hazardous or dangerous

One may develop occupational hazards like backache, poor eyesight, stress etc. if not taken care of

For freshers - INR 20,000 to INR 25,000 per monthFor candidates with 2 to 5 years? experience - INR 30,000 to INR 35,000 per month(These figures are indicative and subject to change)

Overview of India?s BFSI Industry

The banking & financial system of the country plays a substantial role in promoting the long-term growth of the economy. The major segments of the industry are banking, insurance and mutual funds.

Based on the expected growth in the Banking and Financial Services Industry (BFSI), it is expected that about 8.4 million people would be employed in the industry. The incremental human resource requirement between 2008 and 2022 is expected to be about 4.2 million.

The majority of the incremental requirement is in the financial intermediary segment which is primarily driven by planned development, such as JnNURM, of cities and towns where the financial services penetration is low.

Banks Insurance companies

Multinational companies

Towns and cities across India

Will be updated

Central Institute of Vocational Education

Indian Institute of Banking and Finance

The Institute of Professional Accountants

The Institute of Finance & Computer Accounting