Finance and Accounting

Position: Asst. Manager/Manager

Location: Hyderabad

Overview: Finance and Accounting head for Techno companies; responsible for overseeing all financial and accounting operations related to the lift and other contracting businesses. This role requires a deep understanding of financial principles, strong analytical skills, and the ability to manage complex financial tasks while ensuring compliance with regulatory requirements.

Responsibilities:

1. Financial Planning and Analysis:

• Develop and implement financial plans, budgets, and forecasts for the lift and other contracting business.
• Conduct financial analysis to identify trends, opportunities, and risks.
• Provide strategic recommendations to senior management based on financial analysis and projections.

2. Financial Reporting:

• Prepare monthly, quarterly, and annual financial reports for management.
• Ensure accuracy and compliance with accounting standards and regulations.
• Analyze financial data to provide insights into business performance.

3.Cost Management

• Monitor and control costs related to business operations, including maintenance, repairs, and overhead expenses.
• Identify opportunities to optimize costs and improve operational efficiency.

4. Fund Flow Management:

• Manage cash flow to ensure sufficient liquidity for daily operations and future
• investments.
• Implement cash flow forecasting and monitoring systems.
• Optimize working capital management strategies.

5. Financial Compliance:

• Ensure compliance with relevant financial regulations and accounting standards.
• Coordinate with internal and external auditors to facilitate audits and ensure compliance.
• Stay updated on changes in regulations and industry standards.

6. Team Management:

• Lead and supervise the finance and accounting team.
• Provide guidance, training, and support to team members.
• Foster a culture of accountability, professionalism, and continuous improvement.

7. Corporate Tax and VAT related Compliance:

• Ensure Compliance with Corporate Tax and VAT related returns timelines.
• Coordinate with Tax Authority to facilitate VAT and Tax assessment on time.

Qualifications:

• Bachelor's degree in finance, accounting, or a related field. Chartered Accountant or CA Intermediate preferred.
• Proven experience 12-15 years in finance and accounting roles, with specific minimum 5 experience in lift or contracting business.
• In-depth knowledge of financial principles, accounting standards, and regulatory requirements.
• Strong analytical skills and the ability to interpret complex financial data.
• Excellent communication and interpersonal skills, with the ability to interact effectively with stakeholders at all levels.
• Have in dept knowledge and working experience in Tally Software.
• Advanced computer skills on MS Office
• Demonstrated leadership abilities and experience in team management.