Senior Accounts Manager

Job Description

Job Overview: We are seeking a detail-oriented and experienced Senior Accounts Manager to oversee the day-to-day operations of our accounting team. This role involves managing financial records, ensuring accurate and timely reporting, and collaborating with other departments to maintain smooth financial operations. The Senior Accounts Manager will play a key role in the financial planning and strategy of the company. Key Responsibilities: 1. Financial Reporting: • Prepare accurate and timely financial reports, including income statements, balance sheets, and cash flow statements. • Review and analyze financial data to identify trends, variances, and opportunities for cost savings. • Assist in the preparation of monthly, quarterly, and annual financial reports for senior management. • Ensure financial reports are prepared in compliance with accounting standards (GAAP, IFRS, etc.) and company policies. 2. Account Reconciliation: • Manage and supervise the reconciliation of all accounts, ensuring that all discrepancies are investigated and resolved in a timely manner. • Oversee the month-end and year-end closing processes, ensuring that all accounts are accurately reconciled. • Maintain and update the general ledger to reflect accurate and timely transactions. 3. Budgeting and Forecasting: • Assist in the preparation of annual budgets and financial forecasts for the company. • Monitor and track departmental and project expenditures to ensure adherence to budget. • Provide financial insights to help management make informed decisions regarding financial planning and resource allocation. 4. Accounts Payable & Receivable Management: • Oversee the accounts payable and accounts receivable functions, ensuring timely processing of invoices, payments, and collections. • Ensure that all payments are made accurately and on time, and that all customer accounts are settled in a timely manner. • Manage and resolve discrepancies with vendors and clients regarding billing issues. 5. Tax Compliance and Reporting: • Ensure the company’s compliance with local, state, and federal tax laws and regulations. • Prepare and submit tax filings, including VAT, sales tax, and corporate tax returns, ensuring timely compliance. • Work with external tax advisors and auditors to manage audits and ensure proper reporting and tax documentation. 6. Cash Flow Management: • Monitor and manage the company’s cash flow, ensuring there are sufficient funds available for operational needs and financial obligations. • Forecast cash flow needs based on current operations, sales projections, and upcoming payments. • Develop strategies to improve cash flow efficiency and reduce working capital requirements. 7. Team Management and Leadership: • Supervise, mentor, and develop a team of accountants and junior staff, ensuring that team members are trained, motivated, and equipped to perform their roles effectively. • Conduct regular performance evaluations, provide feedback, and ensure adherence to department goals. • Assign tasks and oversee the work of junior accountants to ensure accuracy and efficiency. 8. Internal Controls and Process Improvement: • Develop and maintain internal controls to safeguard company assets and ensure the accuracy of financial records. • Identify opportunities to streamline accounting processes and improve overall efficiency within the finance department. • Implement best practices in accounting, reporting, and compliance to ensure the company remains competitive and compliant with regulations. 9. Financial Audits: • Coordinate with external auditors during the audit process, providing all necessary documentation and support as needed. • Assist in the preparation and organization of audit schedules and workpapers. • Ensure that audit recommendations are followed and internal controls are enhanced based on audit feedback. 10. Financial Analysis: • Perform in-depth financial analysis to support business decisions, identifying areas for cost savings, revenue enhancement, and overall business performance improvement. • Generate ad hoc financial reports as required by senior management. • Provide recommendations on financial strategies and opportunities for business growth. Required Qualifications: •Qualified CA will be preferred. •Bachelor’s Degree in Accounting, Finance, or a related field (CPA, CMA, or equivalent certification is a plus). • 08-10 years of experience in accounting, with at least 4 years in a managerial or supervisory role. • Strong knowledge of accounting principles, practices, and regulations (GAAP, IFRS, etc.). • Proficiency in accounting software (e.g., Tally) and Microsoft Excel. • Excellent understanding of financial reporting, budgeting, forecasting, and tax compliance. • Strong attention to detail and analytical skills with the ability to solve complex financial problems. • Ability to manage multiple tasks and prioritize effectively in a fast-paced environment. • Strong communication and interpersonal skills, with the ability to interact effectively with both internal and external stakeholders. • Preferred Qualifications: • Experience working in a [specific industry, e.g., manufacturing, retail, etc.]. • Familiarity with ERP systems and other financial management tools. • Prior experience in managing audits and coordinating with external auditors. • Knowledge of tax laws and regulations for corporate tax and VAT/sales tax.