Job Title:  Senior Executive | Booking Keeping knowledge | Mumbai | Business Process Solutions

Job Overview:

The Production Accountant is responsible for managing and overseeing the financial aspects of film/web series production projects. This role involves budgeting, expense tracking, financial reporting, and ensuring compliance with financial regulations specific to the Indian film industry.

Key Responsibilities:

• Accounting Records: Maintain accurate and current accounting records, including accounts payable and receivable. Process invoices, payroll, and other financial transactions in accordance with Indian accounting standards.
• Expense Tracking: Monitor and record all production expenses. Verify and reconcile receipts and expense reports submitted by cast and crew. Ensure compliance with company policies and Indian taxation rules.
• Compliance: Ensure adherence to Indian financial regulations, including GST (Goods and Services Tax), TDS (Tax Deducted at Source), and other relevant tax laws. Manage audits and financial reviews as required.
• Vendor Management: Handle contracts and payments for vendors, suppliers, and freelancers. Ensure timely and accurate processing of payments in compliance with Indian financial practices.
• Cash Flow Management: Oversee cash flow for production needs, including petty cash and production funds. Monitor cash reserves and forecast future financial requirements.
• Documentation: Maintain comprehensive documentation of financial transactions, contracts, and agreements. Prepare and file necessary reports and tax documents as per Indian regulations.
• Budget Management: Develop and manage production budgets, including cost forecasting and expenditure tracking. Collaborate with producers and department heads to ensure budget compliance.
• Financial Reporting: Prepare financial reports and statements such as cost reports, cash flow projections, and final cost summaries. Provide regular financial updates to producers and other key stakeholders.
• Cost Analysis: Analyse production costs and recommend cost-saving measures. Review and approve expenditures and financial transactions, ensuring accuracy and transparency.

Qualifications:

• Education: bachelor’s degree in accounting, Finance, or a related field.
• Experience: Proven experience in film production accounting or a similar role within the Indian film industry. Familiarity with production accounting software (e.g., Tally, Zoho, Movie Magic Budgeting) is advantageous.

Skills:

• Strong financial analysis and reporting skills.
• Excellent attention to detail and organizational abilities.
• Proficiency in accounting software and Microsoft Office Suite.
• Ability to work under tight deadlines and manage multiple tasks.
• Strong communication skills in English and Hindi (or regional language as applicable).

Knowledge: Understanding of Indian film production processes, union agreements, and industry-specific financial practices. Knowledge of local taxation and compliance requirements.