Accounts 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:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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/ Graduate (Finance)

•        Experience: 7–15 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