Ratan Tata Innovation Hub (RTIH) Amaravati, a Section 8 company established by the Government of Andhra Pradesh through the Andhra Pradesh Innovation Society (APIS), invites applications for the contractual position of Accounts Executive.
Job Details
| Attribute | Information |
| Hiring Organization | Ratan Tata Innovation Hub (RTIH), Amaravati |
| Nodal Body | Andhra Pradesh Innovation Society (APIS), Govt. of AP |
| Open Position | Accounts Executive |
| Employment Type | Full-time Contractual Role |
| Work Location | Amaravati, Andhra Pradesh, India |
| Reporting To | Controller – Finance & Governance |
| Compensation / CTC | ₹3.5 Lakhs – ₹5.0 Lakhs Per Annum (CTC) (Based on experience & interview performance) |
| Contact Number | +91 7396852244 |
About Company
The Ratan Tata Innovation Hub (RTIH) is a Section 8 company established under the Government of Andhra Pradesh through the Andhra Pradesh Innovation Society (APIS). As the State’s principal platform for innovation, incubation, and entrepreneurship, RTIH leads a Hub-and-Spoke network connecting five regional innovation foundations across Andhra Pradesh. Its vision—under the AP Innovation & Startup Policy (2024–2029)—is to make Andhra Pradesh a lighthouse of inclusive innovation and entrepreneurship.
Telegram Channel:Click Here to Join
Job Description
The Accounts Executive will be responsible for supporting the day-to-day financial and accounting operations of RTIH Amaravati, ensuring accurate financial record-keeping, statutory compliance, timely processing of payments, and preparation of financial reports. The role requires coordination with internal departments, vendors, auditors, government agencies, and banking institutions to ensure smooth financial operations.
Requirements & Required Qualifications
1. Educational Qualification
- Mandatory: Bachelor’s Degree in Commerce (B.Com).
- Preferred:M.Com / MBA (Finance) / CA Inter.
2. Experience
- 2 to 5 years of relevant experience in accounting and finance.
- Experience in Government organizations, Section 8 companies, NGOs, incubators, or startup ecosystems will be preferred.
3. Required Skills
- Strong knowledge of accounting principles and financial reporting.
- Working knowledge of GST, TDS, Income Tax, and statutory compliance.
- Proficiency in ERP, MS Excel (Pivot Tables, VLOOKUP, formulas), and Microsoft Office.
- High attention to detail and accuracy.
- Ability to meet deadlines and work independently.
- Good communication and coordination skills.
Roles and Responsibilities
- Accounting & Bookkeeping: Maintain books of accounts in accordance with accounting standards; record cash, bank, journal, purchase, sales, and general ledger entries in ERP/CFMS.
- Bank & Cash Management: Prepare monthly bank reconciliation statements, monitor cash flow, maintain petty cash records, and coordinate with banks.
- Statutory Compliance: Assist in the preparation and filing of GST, TDS, Professional Tax, PF, ESI, and other statutory returns; maintain statutory registers.
- Financial Reporting: Prepare monthly MIS reports, expenditure statements, budget utilization reports, financial summaries, and support financial closing activities.
- Audit Support: Coordinate with internal and statutory auditors, provide accounting schedules/reconciliations, and ensure timely closure of audit observations.
- Budget & Project Accounting: Track project-wise expenditures, budget utilization, and maintain proper documentation for project-wise financial reporting.
- Documentation & Record Management: Maintain digital and physical financial records (invoices, agreements, POs, payment documents) and support compliance with internal financial policies.
WhatsApp Group:Click Here to Join
Skills You’ll Gain
| Category | Specific Tools & Competencies Mastered |
| Financial Accounting | ERP / CFMS Software, Bank Reconciliation Statements (BRS), General Ledger Management. |
| Tax & Compliance | GST Filing, TDS Deductions, PF/ESI Regulations, Statutory Audit Support. |
| Financial Analytics | Advanced MS Excel (Pivot Tables, VLOOKUP), MIS Reporting, Project Budget Tracking. |
Application Procedure & Selection Process
- How to Apply: Submit your application online through the official registration link.
- Official Registration Link:Apply Online via RTIH Careers Portal
Frequently Asked Interview Questions (With Answers & Solution Guidelines)
Section 8 & Grant Accounting
- Question:“How does accounting for a Section 8 non-profit/incubator differ from a commercial private limited company regarding government grants?”
- Answer & Solution Context: Explain that Section 8 companies focus on income-over-expenditure rather than profit/loss. Government grants are recognized under AS-12 (Accounting for Government Grants). Capital grants are credited to Deferred Income/Capital Reserve and depreciated over the asset’s life, while revenue/project grants are recognized in the Income & Expenditure statement systematically over the periods necessary to match them with related project costs.
Statutory TDS & GST Compliance
- Question:“Under what section is TDS deducted for professional/technical fees paid to incubatees or consultants, and what is the timeline for depositing TDS?”
- Answer & Solution Context: TDS on professional/technical services is deducted under Section 194J (at 10% or 2% for specified technical services) if the payment exceeds ₹30,000 in a financial year. Tax deducted during any month must be deposited to the credit of the Central Government on or before the 7th of the following month (except for March, which is April 30th).