Purchase cum Accounts Associate Job Description Template
The Purchase cum Accounts Associate will manage procurement activities, negotiate with suppliers, and handle financial transactions, including reconciliation, invoicing, and reporting. The ideal candidate should possess strong analytical skills, attention to detail, and the capability to perform multi-functional tasks effectively.
Responsibilities
- Manage procurement processes, including supplier selection and negotiation.
- Prepare and review purchase orders and ensure timely delivery of goods.
- Maintain accurate and up-to-date records of all procurement activities.
- Handle financial transactions, including accounts payable and receivable.
- Reconcile financial statements and prepare monthly financial reports.
- Collaborate with various departments to forecast inventory needs and budget requirements.
- Ensure compliance with company policies and relevant regulatory standards.
- Assist in the preparation of financial audits and provide required documentation.
Qualifications
- Bachelor's degree in Finance, Accounting, Business Administration, or related field.
- 2-3 years of experience in purchasing and/or accounting.
- Proficiency with accounting software and MS Office Suite, particularly Excel.
- Strong analytical and problem-solving skills.
- Excellent communication and negotiation abilities.
- Attention to detail and accuracy in record-keeping.
- Ability to manage multiple tasks and meet deadlines.
Skills
- Procurement Management
- Accounts Payable/Receivable
- Financial Reconciliation
- Microsoft Excel
- Accounting Software
- Financial Reporting
- Inventory Management
- Negotiation
Frequently Asked Questions
A Purchase cum Accounts Associate is responsible for managing both purchasing and financial tasks. They handle vendor negotiations, purchase order processing, and ensure the timely procurement of goods. Additionally, they manage accounts payable, maintain accurate financial records, and support auditing processes to ensure compliance with financial regulations.
Becoming a Purchase cum Accounts Associate typically requires a degree in finance, accounting, or a related field. Relevant work experience in procurement or accounting is essential. Familiarity with accounting software, excellent organizational skills, and knowledge of budgeting and financial reporting are crucial for this role.
The average salary for a Purchase cum Accounts Associate varies based on factors like location, experience, and company size. On average, professionals in this role can expect compensation that reflects their proficiency in both purchase management and financial accounting, often including benefits and potential bonuses.
Key qualifications for a Purchase cum Accounts Associate include a bachelor's degree in accounting, finance, or business management, alongside proficiency in accounting software and MS Excel. Strong analytical skills, attention to detail, and experience in accounts payable and procurement processes are advantageous.
A Purchase cum Accounts Associate requires skills in negotiation, financial analysis, and data entry. Responsibilities include supplier management, processing invoices, reconciling accounts, preparing financial statements, and ensuring compliance with budgetary constraints. Expertise in ERP systems and financial software enhances efficiency in this role.