Finance Manager

Job Title:

General Manager – Finance & Accounts

Location:

Nagpur, Maharashtra

Reports To:

Managing Director / Board of Directors

Job Purpose:

To provide strategic and operational leadership across all areas of finance and accounts, including budgeting, financial control, statutory compliance, working capital management, banking and funding, taxation, audit management, ERP integration, cost optimization, and profitability analysis. The GM – Finance will play a key leadership role in supporting Anshika Fasteners' vision to scale from ₹90 Cr to ₹500 Cr in revenue.

Key Responsibilities: 1. Financial Planning, Budgeting & Business Partnering

• Lead preparation of annual budgets, quarterly forecasts, and long-term financial plans.
• Collaborate with department heads (Sales, Production, SCM, HR) to align business plans with financial goals.
• Provide detailed variance analysis, cost vs. budget performance, and trend forecasting.
• Support the Board in strategic decision-making with data-driven insights and projections.

2. Accounts Finalization & Financial Reporting

• Ensure timely monthly, quarterly, and annual closing of books as per Indian GAAP/IND-AS.
• Finalize trial balances, ledgers, depreciation schedules, and fixed asset registers.
• Generate segment-wise P&L, fund flow, cash flow statements, and management dashboards.
• Oversee inventory accounting, job work accounting, and intercompany reconciliations.

3. Statutory Compliance & Audit Management

• Full ownership of compliance under:
• Income Tax, GST, TDS, PF/ESIC, Companies Act, Labour Cess, E-invoicing
• Oversee:
• Internal audits, Statutory audits, GST audits, and Tax audits
• Coordinate closure of queries, notices, and assessments from government departments.
• Ensure digital and physical documentation is audit-ready and accessible.

4. Taxation & Corporate Governance

• Timely filing of GST returns, TDS returns, Advance Tax, and Income Tax returns.
• Optimize tax outflow through tax planning, rebate analysis, and compliance structuring.
• Coordinate transfer pricing documentation and cross-border transaction compliance (if applicable).
• Handle compliances for Directors, related party transactions, and ROC filings.

5. Treasury, Banking & Fund Management

• Manage relationships with banks and FIs to maintain:
• Working capital lines, BGs, LCs, and term loans
• Prepare and submit CMA data, project reports, and bank documentation.
• Oversee daily fund planning, vendor payments, and receivable collections to ensure liquidity.
• Explore and structure new financing lines for capex, exports, or buyer’s credit.

6. Costing, Margin Analysis & Profitability

• Implement and maintain accurate product costing systems, with BOM and overhead allocation.
• Conduct profitability analysis at product, customer, and segment levels.
• Monitor input cost fluctuations and their impact on pricing decisions.
• Recommend cost optimization initiatives in procurement, production, logistics, and energy usage.

7. ERP Integration & Digital Finance

• Lead finance module implementation of the ERP system (Tally/Oracle/SAP/Custom).
• Ensure:
• All transactions are mapped digitally
• GLs are auto-updated
• Cost centers and projects are tracked
• Develop real-time financial dashboards and alerts for approvals, limits, and delays.

8. Export Finance & Incentives (If applicable)

• Manage:
• Export invoicing, realization, EEFC accounts, and currency hedging (if needed)
• Handle:
• Duty drawback, RoDTEP, EPCG tracking, and DGFT documentation
• Coordinate with shipping and CHA for export documentation & compliance.

9. Internal Controls & Risk Management

• Set up internal controls, DOA (delegation of authority), and approval processes.
• Establish SOPs for cash handling, vendor payments, asset disposal, and purchases.
• Conduct regular risk assessments and fraud prevention audits.
• Implement compliance calendars and checklist reviews.

10. Team Leadership & Organizational Development

• Build and lead a high-performing finance & accounts team, including:
• Accountants, cashiers, dispatch billing, and finance analysts.
• Implement a performance review system with monthly KPIs and training needs.
• Create succession planning, cross-training, and rotation policies.

11. Stakeholder Reporting & Board Communication

• Prepare investor/board-level presentations on financial health, KPIs, and strategic recommendations.
• Support decision-making on capex, JV, acquisitions, and expansion plans with cost-benefit analysis.
• Coordinate with external consultants, lawyers, and secretaries for corporate matters.

Candidate Profile:

• Education: Chartered Accountant (CA) – Mandatory

Additional MBA in Finance/Cost Accountancy (ICWA) is an added advantage

• Experience: 12–18 years in a manufacturing/engineering/automotive company with proven leadership in Finance & Accounts
• Key Skills:
• Financial planning and cost control
• Audit and tax compliance (GST, Income Tax, ROC)
• Banking and funding strategies (including CMA/Term Loans/LC/BG)
• ERP & automation initiatives
• Business partnering and commercial negotiation
• Strong team leadership and decision-making abilities

Key Attributes:

• High integrity and confidentiality
• Strategic outlook with operational control
• Analytical thinking and financial rigor
• Excellent communication and presentation skills
• Ability to perform under pressure and meet deadlines

Growth Path:

Promotion track to Chief Financial Officer (CFO) or Director – Finance based on leadership, strategic contribution, and company growth outcomes.

Job Type: Full-time

Pay: ₹50,000.00 - ₹70,000.00 per month

Schedule:

• Day shift
• Weekend availability

Supplemental Pay:

• Overtime pay
• Yearly bonus

Education:

• Master's (Required)

Experience:

• total work: 8 years (Required)

Work Location: In person