Business Finance Manager

Job Description

Business Finance Manager: The candidate is responsible for handling Business Finance for automobile dealership with 15 outlets spread Delhi- NCR region. The Business Finance is responsible for entire OTC & shall work in close coordination with the business team and GL operations team. Key responsibilities: 1. Revenue management: a. Manage and oversee entire OTC process from invoicing, raising of Debit notes and credit notes, reconciliation of customer balances and refunds. b. Track and manage intermediary fees, incentive and other claims from BFSI and OEM. c. Prepare monthly accrued revenue and customer rebate/discount provisions. 2. Inventory and procurement: a. Plan and manage offtake of inventory from OEM b. Draw up monthly procurement plan in coordination with business team and OEM. c. Physical verification of inventory on periodical basis and reconciliation of differences, if any. Put in place and monitor controls to ensure there are no gaps in inventory control. 3. Accounts Receivables: a. Provide periodic (daily/weekly/monthly) reports as required with respect to Accounts Receivable b. Customers ledger balance confirmation and reconciliation on periodical basis c. Analyzing aged debtor balances on a regular basis and focusing collection activities upon those. d. Ensure compliances of companys credit policy. e. Prepare monthly schedules related to accounts receivables. 4. Branch finance operations: a. Manage and oversee the activities of cashiers and branch accountants b. Ensure reconciliation of cash balances and adherence to process with respect to cash & cheques c. Manage and scrutinise petty cash expenses, reimbursements. third party purchase and labour expenses. 5. Financial planning, reporting & analysis: a. Complete Month-End Closing activities timely. b. Prepare and monitor Revenue Budget of the company. c. Generate and prepare all operational and financial reports pertaining to budgeted parameters and financial metrics. d. Prepare outlet wise segment P&L and financial reports e. Assist in Statutory Audit, Tax Audit, Internal Audit & ICFR 6. Statutory Compliance a. Ensure TDS Recon with 26AS. b. Ensure timely collection of TDS certificate from customers. c. Ensure compliances of GST, Other Taxes with respect to Accounts Receivables d. Ensure compliance with PF, ESI, S&E, Trade license and local regulations 7. Process adherence and improvement a. To look at the opportunities to implement Automation and Process Improvement to make the processes more standard and efficient. 8. Stakeholder relationship a. Liaise with internal and external individuals to resolve billing disputes and queries. b. Develop relationships with key stakeholders in Group Finance, Sales and Operations. 9. Any other work assigned from time to time. Desired candidate profile: Masters degree in Finance, Accounting, Economics, or related field. CMA qualified /CA Inter (not pursuing final) is a plus. Experience: 12-15 years of experience in managing business finance and accounting of large organisation, with at least 2 years in a leadership role. Experience in automobile dealership or retail segment will be an added advantage. Skills: Strong analytical and problem-solving abilities. Proficiency in financial software and ERP systems. Ability to work under pressure and meet tight deadlines. Collaborative mindset with a focus on team development. Excellent communication and interpersonal skills. Strong knowledge of financial regulations, standards (e.g., GAAP, IFRS), and compliance requirements. About the Company: TVS Trucks and Buses Private Limited (TTBL), a joint venture between TVS Group and Ashok Leyland, is the authorized dealer for Ashok Leyland vehicles and Switch EV in the Delhi-NCR region. TTBLs operations spans across 15 state-of-the-art 3S outlets in NCR.