Deputy Manager-Accounts

Job Purpose:

To carry-out the necessary accounting duties for Eriez Magnetics India, an important subsidiary of the 80+ year-old Eriez Manufacturing Company, based in Erie, Pennsylvania, USA. This long-standing business is a leading manufacturer of process equipment which is sold into many domestic and international markets including mining, recycling, food processing, and many other material handling and manufacturing industries.

This role is integral to Eriez corporate profitable growth strategy. Eriez Magnetics India averages a turnover of approximately 30 Crore with the expectation of significant growth (>10% CAGR) over the next 5-10 years. The DGMS is accountable for proactively growing sales to meet Eriez’ long term targets for profitability and annual revenue growth.

Duties:

• Manage end-to-end Accounts Payable and Receivable processes, ensuring timely vendor payments, collections, accurate reconciliations, and reporting.
• Maintain the General Ledger, including accurate journal entries, monthly closing, and trial balance review.
• Ensure thorough bookkeeping and account reconciliations in compliance with accounting standards.
• Prepare and support all statutory, internal, and tax audits with relevant schedules, working papers, and documentation.
• Handle Treasury and Banking Operations, including daily cash and fund flow management, payment processing, and maintaining banking relationships.
• Monitor working capital cycles and assist in optimizing liquidity and fund utilization.
• Collaborate with the GM-Finance to support and implement finance automation and ERP/system integration initiatives.
• Ensure statutory and regulatory compliance under ROC, MCA, FEMA, and similar frameworks; coordinate with legal counsel and company secretary as needed.
• Contribute to the documentation, filing, and compliance related to corporate secretarial matters.
• Conduct all other requested duties as may be required from time to time

Requirements

Skills/Qualifications Required:

• Strong understanding of accounting fundamentals, financial reporting, and reconciliation processes.
• Proven experience in audit support and accounting standards.
• Proficiency in ERP systems (e.g., Tally, SAP, SAGE) and Excel-based tools.
• CA or CMA.
• Minimum 5-6 years of relevant experience, preferably in a manufacturing or mid-sized enterprise setup.
• High level of accuracy, reliability, and attention to detail.
• Capable of working independently as an individual contributor.

Benefits

Behavioral Competencies:

• Self-starter with a proactive attitude and willingness to learn new systems and processes.
• Ability to identify and solve problems effectively without requiring constant supervision.
• Demonstrates a growth mindset, readiness to take on new challenges, and contribute beyond defined responsibilities.
• Strong interpersonal skills and ability to coordinate with cross-functional teams including finance, legal, and external consultants.