Account Head

Company Name - Western Auto (Sister concern of Vashi Integrated Solution Ltd)

Job Title: Head

Department

Location

Reporting to

Business Vertical

Job Purpose

Key Responsibilities

• Financial Planning & Strategy
• Develop and implement financial strategies aligned with business goals.
• Prepare annual budgets, forecasts, and business plans.
• Monitor business performance against budgets and take corrective actions.
• Accounting & Reporting
• Oversee day-to-day accounting operations including accounts payable/receivable, general ledger, and bank reconciliations.
• Ensure timely closure of monthly, quarterly, and annual financial statements.
• Prepare MIS reports, financial dashboards, and profitability analysis for management.
• Inventory & Cost Control
• Monitor and optimize spare parts inventory valuation and turnover.
• Implement cost control mechanisms and improve operational efficiencies.
• Coordinate with the supply chain and warehouse teams for inventory accuracy.
• Taxation & Compliance
• Ensure compliance with all statutory requirements – GST, TDS, Income Tax, etc.
• Liaise with auditors, consultants, and regulatory authorities as needed.
• Handle internal and statutory audits efficiently.
• Cash Flow & Working Capital Management
• Monitor and manage daily cash flow and fund flow.
• Optimize working capital through effective receivables and payables management.
• Handle banking relationships and ensure smooth fund operations.
• ERP & Systems Implementation
• Work with the IT/ERP team to ensure accounting processes are streamlined via ERP systems (Tally/Oracle/SAP/others).
• Ensure data integrity and accurate financial reporting from systems.
• Team Management
• Lead, train, and mentor the finance and accounts team.
• Ensure a culture of accountability, ownership, and continuous improvement.
  

Key Requirements

• Education: CA / CMA / MBA (Finance)
• Experience: 10–15 years of experience in finance and accounts, preferably in automotive spare parts or a trading/distribution business.
• Industry Preference: Auto parts, automobile dealership, or similar industries with inventory-led operations.
  

Skills

• Strong analytical and problem-solving skills.
• Sound knowledge of taxation, accounting standards, and compliance.
• Excellent leadership and communication abilities.
• Proficiency in ERP software and advanced Excel.
  

Key Performance Indicators (KPIs)

• Budget adherence and variance control
• Inventory turnover ratio
• Timely financial reporting
• Audit compliance score
• Reduction in receivables aging
• Cost savings and process improvements