Head Finance Account

Key Responsibilities

·       Oversee all accounting operations, including general ledger maintenance, accounts payable, accounts receivable, and fixed assets accounting.

·       Ensure timely and accurate preparation of monthly, quarterly, and annual financial statements.

·       Maintain accurate records of all financial transactions and ensure adherence to company accounting policies.

·       Ensure compliance with Indian Accounting Standards (Ind-AS) and other applicable statutory regulations (GST, TDS, etc.).

·       Prepare and file all statutory financial reports and ensure timely submission of regulatory filings, including tax returns and other required reports.

·       Coordinate with external auditors and ensure successful completion of statutory audits.

·       Implement and enforce robust internal controls to safeguard company assets and ensure the integrity of financial reporting.

·       Lead internal audits to identify potential financial risks and recommend corrective actions.

·       Ensure compliance with internal financial policies and procedures, reviewing them periodically to ensure they meet current business needs and legal requirements.

·       Lead and mentor the accounting team, providing guidance on best practices in accounting processes and encouraging professional development.

·       Oversee recruitment, training, and performance management of the accounting staff to ensure a high level of accuracy and efficiency.

·       Continuously review accounting processes and workflows to identify opportunities for automation and efficiency improvements.

·       Work with IT and other departments to implement accounting software upgrades or new systems to streamline processes and improve reporting accuracy.

·       Oversee month-end and year-end closing activities, including reconciliation of all balance sheet accounts, revenue and expense recognition, and adjustments.

·       Ensure timely reconciliation of key accounts, including cash, inventory, intercompany accounts, and fixed assets.

·       Provide accurate financial reports to senior management for decision-making purposes.

·       Develop and present periodic accounting reports, including profit and loss statements, balance sheets, and cash flow statements to the leadership team.

·       Ensure accurate and timely accounting for all direct and indirect taxes (GST, TDS) within the financial statements.

·       Collaborate with the tax team to ensure compliance and accurate tax calculations within the accounting function.

Educational Background and Work Experience

·       Technical Skills: Strong knowledge of Indian Accounting Standards (Ind-AS), taxation principles, and proficiency with ERP systems (SAP, Oracle, etc.).

·       Leadership Skills: Ability to lead and develop a high-performing accounting team.

·       Detail-Oriented: High attention to detail with a focus on accuracy and compliance.

·       Analytical Skills: Strong analytical skills to interpret financial data and ensure accounting accuracy.

·       Experience in structuring of Legal Entities and associated taxation aspects.

·       Strong exposure to leading cross-functional teams and enterprise-wide programs, operating and influencing effectively across the organization and within complex context.

·       Extensive knowledge of setting of the budgets, reporting, inventory control systems and accounting.

·       Education: Chartered Accountant (CA) or equivalent accounting certification.

·       Experience: Minimum 18+ years of experience in accounting, with at least 5-8 years in a leadership role. Experience in managing corporate accounting functions is preferred.

Competencies

·   Accounting Expertise: In-depth knowledge of accounting principles, financial reporting, and preparation of profit and loss statements, balance sheets, and cash flow statements.

·  Taxation Proficiency: Strong understanding of Indian tax laws, including GST and income tax, and experience in compliance and filing.

·    Budgeting & Cost Control: Ability to manage the budgeting process, analyze variances, and implement effective cost management strategies.

·  Regulatory Compliance: Knowledge of legal and regulatory requirements in accounting, ensuring adherence to statutory audits and reporting standards.

·   Technical Skills: Proficiency in accounting software (e.g., SAP, Tally) and advanced Excel skills for data analysis, reporting, and process automation.