The Chief Accountant is responsible for overseeing all accounting operations, financial reporting, budgeting, taxation, and internal controls within the jewellery business.

In jewellery companies, this role is more specialized due to:

• High-value inventory (gold, diamonds, gemstones)

• Frequent price fluctuations (gold/metal rates)

• Export/import transactions

• Strict compliance and audit requirements

• Financial Management

• Prepare financial statements (P&L, Balance Sheet, Cash Flow)

• Monthly, quarterly, and annual closing

• Budgeting and forecasting

• Cost analysis and profitability tracking

• 2. Inventory & Metal Accounting

• Gold and diamond stock reconciliation

• Metal loss/wastage tracking

• Valuation based on market rate (e.g., daily gold rate)

• 3. Compliance & Taxation

• GST / VAT filing

• TDS compliance

• Customs & export documentation

• Statutory audits and internal audits

• 4. Internal Controls

• Prevent pilferage and inventory fraud

• Implement stock verification procedures

• Segregation of duties

• ERP system monitoring

• 5. Banking & Finance

• Working capital management

• Gold metal loans

• Bank reconciliation

• LC/BG documentation (if importing/exporting)

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• Consignment and memo stock accounting

• Job work and manufacturing cost control

• Advanced accounting knowledge

• Inventory valuation methods

• ERP systems (e.g., Tally, SAP)

• MS Excel (advanced)

• Knowledge of bullion accounting

Soft Skills

• Attention to detail

• Integrity & confidentiality

• Analytical thinking

• Leadership and team management

🔹 Qualifications

• CA / CPA / ACCA (preferred)

• B.Com / M.Com

• 8–15+ years of experience (jewellery or manufacturing preferred)