Sr. Manager /- A G M - Finance & Accounts

Responsibilities:

• Maintain monthly and quarterly closure of books of accounts on the last working day of the month, providing accurate EBITDA & PAT to management by the 2nd of the subsequent month.
• Ensure quarterly audited closure of books by the 15th of the subsequent month.
• Prepare annual financial statements by May 30th each year, complying with Ind AS and ensuring audit reports have no qualifications.
• Formulate and implement monthly and annual budgets; report variances to management.
• Coordinate with statutory, internal, and concurrent auditors for timely completion of audits.
• Prepare and present monthly MIS reports to management by the 2nd day of the subsequent month after matching with trial balance.
• Present detailed monthly MIS including profit & loss (location and product-wise), EBITDA variances, expense variances, CBM/MT cost variances, product costing, and plant vs. finance MIS variances.
• Liaise closely with banks for working capital and other financial matters.
• Monitor daily cost sheets with the costing team to meet market NRV.
• Oversee overall accounting operations and audits, including Accounts Payable, Accounts Receivable, Costing, Taxation, Collections, Contract Compliance, Disbursements, Fixed Assets, Cash Flow, and Inventory.
• Streamline department infrastructure to improve productivity and efficiency; developed Excel estimation workbook to eliminate costly errors and improve profitability.
• Implement internal control disciplines to maintain integrity and accuracy of financial reports.
• Ensure revenue controls to curb malpractices and prevent fraud.
• Review payments against budget; report variances to management.
• Facilitate collections and maintain strong credit control; approve credit in line with company policy.
• Ensure timely compliance and filing of returns and challans for Excise, TDS, Service Tax, VAT, GST, etc.
• Focus on closing pre-GST assessments and audits, ensuring correct input credit on GST.
• Spearhead expense administration to achieve cost efficiency and effectiveness.
• Ensure zero leakage by verifying goods receipt as per PO, purchase requisition, quotation, and comparison sheets per SOP.
• Direct inventory valuation using FIFO method; conduct monthly physical stock verifications and reconcile with ERP (Navision/SAP).
• Liaise with Production, Billing, Store, Marketing, and Dispatch teams to maintain adequate stock levels and customer satisfaction.
• Follow established policies, practices, and SOPs for all critical activities.
• Lead smooth transition to ERP systems.
• Monitor cash flow daily to avoid deficits and ensure closure of duly audited cash book.
• Regularly follow up with collections/AR team to accelerate collections, especially from inactive and legal customers; strategize recovery of default amounts.
• Recommend legal actions for bounced cheques and customer defaults, including Sec.138 NI Act, summary/civil suits, NCLT, or winding-up petitions.
• Ensure reconciliation with vendors, customers, and distributors as per SOP.

Finance Tools:

Software Skills: