Job Description

Job requisition ID :: 81337
Date: Apr 22, 2025
Location: Mumbai
Designation: Senior Executive
Entity:

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.