Job
Description
We have an urgent opening for Manager - Accounts position with our esteemed client manufacturing automobile parts MNC at Pune - Khed location. Experience - At least 15 Years Education - B.Com / Professional accounting certification (e.g., CA Inter) Interested candidates mail your updated resume at unihr02@gmail.com Job Description - Key areas: Responsible for overseeing all accounting aspects, including managing accounts payable and receivable, generating financial reports, ensuring compliance with accounting standards, budgeting, cost analysis, and supervising the accounting team, while specifically focusing on the unique financial challenges of a manufacturing environment like inventory management and production cost tracking. Reporting: Prepare and analyze monthly, quarterly, and annual financial statements, including profit and loss statements, balance sheets, and cash flow statements. Accounts Payable and Receivable Management: Oversee the processing of vendor invoices, ensuring timely payments and accurate coding. Monitor customer accounts receivable, follow up on outstanding payments, and manage credit limits. Inventory Management: Track raw material inventory levels, ensuring sufficient stock for production while minimizing carrying costs. Analyze inventory turnover and identify potential issues with stock management. Cost Analysis: Analyze production costs, including direct materials, labor, and overhead expenses. Identify areas for cost optimization and implement cost - saving measures. Budgeting and Forecasting: Develop and manage annual budgets based on company goals and operational requirements. Conduct regular budget reviews and forecasts to identify potential variances. Compliance and Taxation: Ensure adherence to relevant accounting standards and tax regulations. Manage tax filings and compliance activities. Working with statutory auditors and consultants: Provide data within the agreed required timelines and support the auditors and consultants while ensuring accuracy and efficiency. Required Skills and Qualifications: Bachelors degree in commerce (Accounting) Professional accounting certification (CA Inter) Strong understanding of accounting principles and practices Proficiency in ERP systems (e.g., SAGE, SAP) Excellent analytical and problem-solving skills Strong communication and interpersonal skills to collaborate with cross-functional teams Job description: Manager Accounts 1) Reporting and Analysis: responsible for preparing and analyzing financial statements, including income statements, balance sheets, and cash flow statements. Ensure compliance with accounting principles and provide accurate financial information for decision-making. Should analyze financial data, key performance indicators, and financial ratios to assess profitability, margins, and efficiency. 2) Managing and coordinating monthly reporting, break-even analysis, weekly cash-flow management, money-in and money-out statements, budgeting and forecast processes. Ensuring the business meets all its statutory and compliance obligations, including statutory accounting and tax issues. 3) Budgeting and Forecasting: participate in the budgeting process by analyzing financial data, monitoring expenses, and providing insights for budget development. Contribute to financial forecasting to help the organization plan for future financial needs. 4) Managing Accounting: oversee day-to-day accounting activities, such as accounts payable and receivable, general ledger entries, and payroll processing. Ensure that transactions are recorded accurately and in compliance with applicable laws and regulations. 5) Ensuring Compliance with Regulatory Standards: stay updated on accounting regulations and standards, such as Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). Ensure compliance with these standards and coordinate external audits if required. Must prepare and file tax returns, including corporate income tax, GST, payroll tax, and other applicable taxes. 6) The candidate will be responsible for maintaining updated & error free books of accounts as per applicable accounting principles with complete ownership of the Trial Balance and be responsible for all types of reconciliations and physical checking of inventory. 7) Collaborating with Cross-Functional Teams: work closely with departments across the organization, such as finance, operations, and human resources. Provide financial insights, support decision-making, and collaborate on projects and initiatives that have financial implications. Collaborating with IT teams for invoicing and reporting etc., 8) Familiarity with accounting software is essential for managing financial data efficiently. Enterprise resource planning (ERP) software is SAGE X3 Ver.12, and this software integrates various business functions, including accounting, finance, supply chain, sales and human resources. SAGE X3 (similar to SAP) help with tasks like recording transactions, generating reports, and maintaining accurate financial records. 9) Excel proficiency is crucial since your position frequently works with spreadsheets for financial analysis, budgeting, and reporting. You are expected to have a deep understanding of functions, formulas, data manipulation, and creating dynamic financial models. 10) Taxation Knowledge: should have a solid understanding of tax laws and regulations to ensure compliance and optimize tax strategies. Need to be familiar with tax planning, tax returns, deductions, credits, and other tax-related matters including transfer pricing, to effectively manage the organization's tax obligations. 11) Audit and Internal Controls: should possess knowledge of audit processes and internal controls to ensure accuracy, reliability, and compliance with financial regulations. This includes understanding internal control frameworks, performing internal audits, and implementing procedures to safeguard assets and prevent fraudulent activities. Must work with consultants appointed by the management. Coordinate and facilitate external audits and reviews, providing the necessary documentation and addressing any audit findings. Responsible for general ledger activities, ensuring accurate and up-to-date financial records. Review journal entries, reconcile accounts, and verify the accuracy of financial transactions. Monitor the general ledger for any discrepancies or errors and take corrective actions as necessary. 12) Conducting monthly bank and balance sheet reconciliations, preparing financial statements, analyzing cash flow, and managing intercompany activities. Working closely with the leadership team on cash flow management, credit facility management with banks, ECBs, and accounts payable. Ensure that invoices are processed accurately, payments are made on time, and collections are managed effectively and monitor aging reports, handle invoice discrepancies, and address any outstanding payment issues. Prepare monthly MIS / Tableau de bord.
