Role Overview
The Finance Manager will be responsible for managing the company's financial operations and ensuring strong financial controls, accurate reporting, statutory compliance and effective working-capital management.
The role will work closely with the Management, Sales, Projects, Procurement, HR, Operations and Product teams to support business decisions through timely and accurate financial analysis.
Key Responsibilities
1.
- Prepare annual budgets, financial plans and periodic financial forecasts.
- Monitor actual performance against budgets and analyse variances.
- Prepare monthly and quarterly financial MIS for management review.
- Analyse revenue, gross margins, operating costs and profitability.
- Provide financial insights and recommendations to management for business decisions.
- Support financial evaluation of new products, projects and business initiatives.
2.
- Oversee day-to-day accounting and finance operations.
- Review General Ledger, Accounts Payable, Accounts Receivable and bank reconciliations.
- Ensure timely month-end and year-end closing.
- Review provisions, accruals, expenses and revenue recognition.
- Ensure accuracy and completeness of financial records.
- Coordinate with internal and external auditors.
3.
- Prepare and monitor weekly and monthly cash-flow forecasts.
- Monitor receivables, payables and working-capital requirements.
- Track customer collections and overdue receivables.
- Coordinate with Sales teams to improve collection efficiency.
- Plan vendor payments based on cash-flow availability and business priorities.
- Identify opportunities to improve the company's working-capital cycle.
4.
- Prepare and monitor departmental and company-level budgets.
- Track actual expenses against approved budgets.
- Analyse significant cost variances and recommend corrective actions.
- Establish appropriate financial controls and approval mechanisms.
- Identify opportunities for cost optimization and operational efficiency.
5.
- Monitor project-wise revenue, costs and profitability.
- Support project teams with budgeting, costing and financial tracking.
- Analyse product and project margins.
- Support management in commercial evaluation and pricing decisions.
- Provide financial inputs for new business opportunities and strategic initiatives.
6.
- Monitor customer outstanding and ageing reports.
- Coordinate with Sales and Business teams for timely collections.
- Review customer credit limits and payment terms.
- Monitor vendor outstanding and payment schedules.
- Ensure timely processing and settlement of vendor payments.
- Maintain appropriate controls over customer and vendor accounts.
7.
- Ensure timely compliance with applicable GST, TDS, Income Tax and other statutory requirements.
- Review GST reconciliations and tax-related reports.
- Coordinate with statutory, tax and internal auditors.
- Ensure timely preparation and submission of required financial and statutory reports.
- Maintain proper documentation and records for audits and compliance.
8.
- Manage and improve finance processes within the company's ERP system.
- Ensure accurate financial data and reporting through ERPNext/Frappe ERP.
- Develop and improve finance MIS and dashboards.
- Identify opportunities for automation of financial processes.
- Strengthen controls across procurement, sales, inventory, projects and finance processes.
9.
- Prepare and present periodic management reports covering:
- Revenue vs Budget
- Gross Margin & Profitability
- Budget vs Actual
- Cash Flow
- Accounts Receivable Ageing
- Accounts Payable Ageing
- Working Capital
- Project Profitability
- Expense Analysis
- Inventory / Stock Position
- Business Unit Performance
- Financial Forecasts
Required Qualifications & Experience
- CA / CMA / MBA Finance / M.Com or equivalent qualification.
- 10- 15 years of relevant experience in Finance & Accounts.
- Experience in IT, Telecom, Networking, Technology, OEM, System Integration, IT Services or B2B businesses will be preferred.
- Strong experience in financial reporting, budgeting, forecasting and cash-flow management.
- Strong knowledge of GST, TDS, Income Tax and statutory compliance.
- Experience in managing audits and financial controls.
- Experience with ERP/accounting systems.
- Strong MS Excel and financial analysis skills.
- ERPNext/Frappe experience will be an added advantage.
Key Competencies
- Strong financial and analytical skills
- Business and commercial acumen
- Excellent attention to detail
- Strong ownership and accountability
- Problem-solving and decision-making ability
- Good communication and stakeholder-management skills
- Ability to work with senior management and cross-functional teams
- Strong understanding of financial controls and processes
- Ability to work in a fast-paced and growth-oriented environment
