Accounts And Finance Manager For Jewellery Industry

Role & responsibilities

Finance and Account Manager

The Finance Manager To oversee the financial health of the organization by managing end-to-end accounts, financial reporting, taxation, and compliance. The role ensures accurate financial records,

timely reporting, effective receivables/payables management, and compliance with statutory norms, especially GST/SEZ requirements for a jewellery technical service provider company.

Job Responsibilities:

Financial Reporting & Planning

• Prepare, monitor, and analyse monthly, quarterly, and annual financial statements.

• Prepare accurate and timely Balance Sheet, P&L, and Cash Flow statements.

• Perform monthly, quarterly, and annual financial closings in compliance with accounting standards.

• Develop revenue forecasts and financial plans in collaboration with the CEO.

• Ensure alignment of financial targets with operational strategies.

• Submit MIS reports, ageing analysis, and financial dashboards within set deadlines.

2. Accounting Operations

• Administer maintenance of books of accounts, including P&L.

• Oversee finalization of year-end accounts and audit schedules.

• Manage end-to-end accounting operations: AP, AR, GL, petty cash, and general accounting.

• Audit monthly consumable stock and verify physical vs. book balances.

3. Receivables & Payables Management

• Monitor receivables, follow up for collections, and manage credit control.

• Maintain updated client account statements and reconcile balances.

• Track ageing of receivables and ensure DSO (Days Sales Outstanding) targets are met.

• Manage vendor payments and reconciliations with strict expense control.

4. Taxation & Statutory Compliance

• Ensure GST, TDS, and Income Tax compliance, including return filings.

• Handle SEZ/SEEPZ-related GST/Non-GST billing norms and maintain documentation.

• Ensure compliance with Companies Act, accounting standards, and regulatory requirements.

• Liaise with auditors to ensure smooth audits.

5. Treasury & Cash Flow Management

• Monitor daily cash flow and manage fund requirements effectively.

• Ensure accurate financial planning to support operational and capital needs.

6. Rent & Lease Compliance

• Ensure rent for premises is paid before due dates to avoid late fees, penalties, or lease disruption.

• Maintain accurate records of all rent payments, due dates, receipts, and payment history.

• Cross-check invoices for local authorities against lease agreements for accuracy.

• Resolve discrepancies in rent invoices by liaising with local authorities and internal stakeholders.

• Allocate funds for rent payments in monthly, quarterly, and annual forecasts.

• Forecast potential rent increases related charges to support expense planning.

7. Internal Control & Process Development

• Implement and monitor internal financial controls.

• Develop and enforce SOPs for finance & accounts.

• Ensure minimal errors in accounting, reporting, and compliance.

• Maintain proper documentation for audits, statutory inspections, and internal records

Preferred candidate profile

Key Skills & Competencies

• Strong knowledge of accounting standards, GST, TDS, SEZ/SEEPZ compliance.

• Financial planning, budgeting, and revenue forecasting expertise.

• Proficiency in SAP and ERP MS Excel, and MIS reporting.

• Excellent analytical, reconciliation, and problem-solving skills.

• Strong leadership and stakeholder management capabilities.

• High attention to detail and ability to meet strict deadlines.

Qualifications:

• Bachelors degree in Finance or Accounting, with MBA or CA (Chartered Accountant) preferred.

• Minimum 10+ years of experience in financial management, preferably in manufacturing & Factory setup or jewelry sectors.

• Proficiency in financial software SAP and ERP systems.

• Ability to work independently and manage multiple priorities in a fast-paced environment