Deputy General Manager- Accounts

1. Financial Reporting & Compliance •

Maintain Books of Accounts in compliance with MCA regulations, and GST norms, especially for bullion and jewellery trade • Preparation of quarterly and annual financial statements as per applicable laws and applicable accounting standards. • Ensure accurate recording of gold, diamond, and stone inventory, considering karat, weight, wastage, and valuation. • Coordinate with statutory, internal, and tax auditors for audits and compliance checks.

2. Budgeting, Forecasting & MIS •

Lead annual budgeting and seasonal demand forecasting (festive, wedding seasons, etc.). • Monitor actuals vs budgeted sales, margins, and overheads. • Prepare MIS reports including: Sales vs margin (item-wise / branch-wise), Inventory turnover ratio, Working capital analysis.

3. Cash Flow & Treasury Management •

Manage bank loan facilities with scheduled repayments and interest tracking. • Oversee daily cash flows, high-value customer advances, and gold purchase payments. • Ensure optimum working capital utilization, especially in managing stock and vendor payments.

4. Inventory Accounting & Valuation •

Oversee inventory accounting (karat-wise, purity-wise, and category-wise). • Ensure accurate valuation of finished goods, bullion, and raw gold. • Reconcile physical inventory with books during stock audits and surprise checks. • Coordinate with operations for barcoding, loss tracking, and hallmark verification.

5. Taxation & Regulatory Compliance •

Ensure timely filing of GST, TDS, Income Tax, etc. • Handle departmental assessments, notices, and legal replies.

6. Banking, Loans & Fundraising •

Maintain relationships with banks for - Overdrafts, CC limits, or term loans. • Negotiate terms and monitor interest, stock statements, and drawing power calculations. • Prepare documents for loan renewal and compliance with bank covenants.

7. Internal Controls & SOPs

• Implement and monitor internal control systems around: Cash handling, Stock movement, Billing and discount approvals. • Design and enforce SOPs for purchases, sales, and vendor payments.

8. Team Management •

Lead the accounts, taxation, and MIS team across HO and branches. • Ensure timely closure of books, branch reporting, and inter-branch reconciliations. • Conduct regular training on tax updates, ERP usage and compliance.