Finance Manager

<h2>Key Responsibilities</h2><h2>Financial Accounting &amp; Reporting</h2><ul>
<li>Ensure proper, accurate, and timely maintenance of day-to-day accounting and financial records</li>
<li>Prepare monthly and annual financial statements and ensure timely finalization of the Balance Sheet</li>
<li>Perform general accounting activities including Journal Vouchers (JVs)</li>
<li>Maintain accounting records in SAP and ensure adherence to company accounting policies and Group policies and procedures</li>
<li>Introduce and implement best accounting practices and process improvements</li>
<li>Prepare management reports (MIS), financial analysis and other reports required by senior management and the Group</li>
<li>Assist in preparation of Long-Term Plans (LTP) and annual business plans (budgets) in co-ordination with other departments</li>
<li>Monitor actual expenditure against budgets and report variances with appropriate analysis</li>
<li>Analyze profitability and recommend measures for cost optimization</li>
<li>Monitor reimbursements receivable from various brands</li>
<li>Monitor accounting and provisions brand wise for discounts and various schemes</li>
</ul><h2>Accounts Payable &amp; Receivable</h2><ul>
<li>Manage Accounts Payable processes including vendor invoice verification, purchase order validation, payment processing and vendor reconciliations</li>
<li>Monitor vendor advances and recover excess payments where applicable</li>
<li>Handle Accounts Receivable reconciliation and communicate effectively with customers regarding outstanding balances</li>
<li>Prepare AR reports for monthly MIS and management review</li>
<li>Perform related party reconciliations in both vendor &amp; customer accounts</li>
<li>Account for related party transactions in compliance with applicable accounting standards and company policies</li>
</ul><h2>Payroll &amp; Employee Cost Accounting</h2><ul>
<li>Ensure accurate accounting of wages, salaries, incentives, allowances, statutory deductions and employee benefits</li>
<li>Ensure timely processing and disbursement of payroll and employee-related payments</li>
<li>Maintain accounting records relating to manpower costs and employee benefit obligations</li>
</ul><h2>Banking &amp; Treasury</h2><ul>
<li>Coordinate foreign remittances and import-related payments with banks</li>
<li>Prepare stock statements, Financial Follow-up Reports (FFR), CMA data and other banking submissions</li>
</ul><h2>Statutory Compliance</h2><ul>
<li>Ensure timely payment of statutory dues including GST, TDS, TCS, PF, ESI, Professional Tax and other applicable statutory liabilities</li>
<li>Ensure compliance with Companies Act and other applicable financial regulations</li>
<li>Support statutory filings and ensure compliance without penalties or interest</li>
</ul><h2>Inventory &amp; Fixed Asset Management</h2><ul>
<li>Conduct periodic inventory reconciliations and stock verification in coordination with warehouse team</li>
<li>Establish and monitor inventory management and stock verification processes</li>
<li>Maintain the Fixed Asset Register with complete details of asset location, movement, capitalization and disposal</li>
<li>Ensure physical identification, numbering and safeguarding of company assets</li>
</ul><h2>Audit &amp; Compliance</h2><ul>
<li>Coordinate with internal auditors, statutory auditors and external consultants</li>
<li>Prepare audit schedules and provide necessary documentation during audits</li>
<li>Address audit observations and ensure timely closure of audit queries</li>
<li>Strengthening internal controls and compliance processes</li>
</ul><h2>Cash &amp; Administrative Accounting</h2><ul>
<li>Monitor petty cash utilization and controls</li>
<li>Ensure proper documentation for banking and finance-related transactions</li>
</ul><h2>Additional Responsibilities</h2><ul>
<li>Support management with financial analysis and business insights through a 360-degree understanding of business operations</li>
<li>Participate in continuous improvement initiatives related to finance and accounting processes</li>
<li>Perform any additional finance, accounting or compliance responsibilities assigned by management from time to time</li>
</ul><h2>Required Skills &amp; Competencies</h2><ul>
<li>Strong knowledge of Financial Accounting, Cost Accounting and Corporate Finance</li>
<li>6 to 8 years of experience</li>
<li>Hands-on experience with SAP ERP environment</li>
<li>Strong understanding of Indian Accounting Standards, GST, TDS, TCS, Companies Act and other statutory compliances</li>
<li>Experience in budgeting, forecasting, MIS reporting and financial analysis</li>
<li>Knowledge of inventory accounting, fixed asset accounting, payroll accounting and treasury operations</li>
<li>Experience in handling statutory and internal audit</li>
<li>Excellent analytical, problem-solving and organizational skills</li>
<li>Strong communication and stakeholder management abilities</li>
<li>Ability to work independently with minimal supervision</li>
<li>High attention to detail, integrity and commitment to deadlines</li>
</ul>