Accounts Manager

ACCOUNTS MANAGER / CFO – Roles & Responsibilities

Industry: Women’s Innerwear Garment Manufacturing
Department: Finance & Accounts
Reports To: Managing Director / CEO

1. Financial Planning & Strategy

• Develop and implement financial strategies aligned with business goals.
• Plan and control budgets for production, procurement, marketing, and distribution.
• Perform financial forecasting, variance analysis, and risk assessments.
• Provide strategic input to top management on business expansion, funding, and investments.

2. Accounting & Bookkeeping

• Oversee daily accounting operations including general ledger, AP/AR, and bank reconciliations.
• Ensure timely and accurate closure of books on a monthly, quarterly, and annual basis.
• Manage and supervise the accounts team and ensure adherence to accounting standards (e.g., IND AS, GAAP).
• Maintain records for factory accounts including raw material costs, wastage, labor, and overheads.

3. Costing & Margin Analysis

• Implement and monitor garment product costing systems (fabric, trims, stitching, finishing).
• Analyze manufacturing costs, labor efficiency, and productivity.
• Monitor cost per unit and suggest cost control measures to production heads.
• Support pricing decisions by calculating margins for B2B, B2C, and export segments.

4. Taxation & Compliance

• Ensure timely filing of GST, TDS, Income Tax, and other statutory returns.
• Liaise with tax consultants and handle audits (statutory, internal, GST, PF/ESI).
• Keep up-to-date with government incentives, export schemes (like RoDTEP, MEIS), and import duties.

5. Vendor Payments & Receivables

• Authorize vendor payments as per approval hierarchy and cash flow position.
• Monitor credit terms, follow up on receivables from distributors/retailers/online platforms.
• Maintain strong control over aged debtors and disputed invoices.

6. Bank Relations & Fund Management

• Manage working capital requirements, overdraft facilities, and term loans.
• Maintain relationships with banks, NBFCs, and investors for funding or credit.
• Monitor daily cash flow and ensure liquidity for operations and payroll.

7. ERP / MIS / Reporting

• Generate financial MIS reports including P&L, balance sheet, cost center reports, and factory performance.
• Implement or improve ERP/accounting systems (e.g., Tally Prime, SAP, Zoho Books).
• Provide management dashboards and analysis to support decision-making.

8. Team Leadership & Cross-functional Coordination

• Supervise and train the finance/accounts team.
• Coordinate with departments like production, procurement, HR, and sales for seamless financial operations.
• Act as financial advisor to top management, offering insights on profitability and business health.

9. Compliance with Export/Import (If Applicable)

• Handle foreign exchange transactions, export invoices, and customs documentation.
• Ensure compliance with FEMA, RBI reporting, and DGFT licensing requirements.

10. Internal Controls & Risk Management

• Develop and enforce internal control systems to prevent fraud or financial leakage.
• Conduct periodic audits of stock, factory overheads, and vendor billing.
• Support ESG and CSR compliance where applicable.

Key Skills Required

• Strong knowledge of garment manufacturing costing and factory accounts.
• Expertise in GST, TDS, PF/ESI, and labor compliance for factories.
• Advanced Excel and accounting software proficiency.
• Leadership and strategic financial planning ability.
• Experience in liaising with auditors, banks, and statutory bodies.

Job Type: Full-time

Pay: ₹35,000.00 - ₹45,000.00 per month

Benefits:

• Food provided
• Provident Fund

Schedule:

• Day shift
• Morning shift

Supplemental Pay:

• Performance bonus
• Yearly bonus

Work Location: In person