Asst. Manager - Accounts & Finance

Job Description:

Position:      Asst. Manager - Accounts & Finance

Location:       Gandhinagar

Experience:    6 - 8 Years

Industries:     Chemical

Responsibilities:        

• Accounting & Books of Accounts
• Ensure proper and timely recording of all financial transactions of the Gujarat unit.
• Maintain accurate books of accounts in accordance with company policies and applicable accounting standards.
• Review purchase entries, sales entries, expenses, journal vouchers, debit/credit notes, and other accounting transactions.
• Ensure timely ledger scrutiny and reconciliation.
• Monitor month-end and year-end closing activities.
• Ensure expenses are properly classified and supported by appropriate documentation.
• Plant Accounting & Cost Control
• Monitor manufacturing costs including raw materials, utilities, manpower, maintenance, freight, packing, and other operating expenses.
• Prepare product-wise and plant-wise cost information wherever required.
• Analyse actual manufacturing costs against budgets and standards.
• Identify major cost variances and bring them to management’s attention.
• Work closely with Production, Purchase, Stores, and Commercial teams to improve cost control.
• Support management in identifying opportunities for reduction in operating costs and improvement in profitability.
• MIS & Management Reporting
• Prepare timely daily, weekly, and monthly MIS reports for management.
• Provide clear visibility on sales, expenses, receivables, payables, inventory, cash flow, manufacturing costs, and profitability.
• Analyse financial data and highlight unusual trends, deviations, and areas requiring management attention.
• Ensure that financial information provided to management is accurate and available within agreed timelines.
• Support Finance Head and management in data-driven decision-making.
• Budgeting & Variance Analysis
• Assist in preparation of annual budgets and financial plans for the Gujarat unit.
• Monitor actual performance against approved budgets.
• Prepare monthly variance analysis with reasons for major deviations.
• Coordinate with department heads for cost budgets and expense control.
• Track corrective actions against significant budget variances.
• Receivables & Collections
• Monitor customer outstanding and ageing on a regular basis.
• Coordinate with Sales and Commercial teams for timely collection of receivables.
• Highlight overdue accounts and credit risks to management.
• Ensure proper accounting of customer receipts, deductions, credit notes, and adjustments.
• Carry out regular customer ledger reconciliation.
• Payables & Vendor Accounting
• Verify vendor invoices against purchase orders, GRNs, approvals, and supporting documents.
• Ensure timely and accurate accounting of vendor liabilities.
• Prepare vendor payment schedules in line with agreed credit terms.
• Carry out regular vendor reconciliation.
• Ensure duplicate or incorrect payments are prevented through proper controls.
• Inventory & Stores Accounting
• Ensure proper accounting and reconciliation of raw materials, packing materials, finished goods, stores, spares, and other inventory.
• Coordinate with Stores and Production teams for periodic physical verification of inventory.
• Investigate inventory differences and ensure timely reconciliation.
• Monitor slow-moving, non-moving, and obsolete inventory.
• Support implementation of proper inventory controls at the plant.
• GST, TDS & Statutory Compliance
• Ensure timely and accurate compliance with GST, TDS, and other applicable statutory requirements.
• Reconcile GST input credits with accounting records and statutory portals.
• Ensure proper TDS deduction, deposit, and related documentation.
• Coordinate with Corporate Finance, consultants, and auditors for statutory filings and assessments.
• Maintain proper records and supporting documentation for all statutory compliances.
• Banking & Cash Flow
• Monitor bank transactions and carry out regular bank reconciliation.
• Support preparation of cash flow requirements for the Gujarat unit.
• Monitor planned payments, collections, and working capital requirements.
• Ensure proper authorization and documentation for all payments.
• Maintain appropriate controls over petty cash and other plant-level payments.
• Fixed Assets & Capital Expenditure
• Maintain proper records of plant and machinery, buildings, equipment, furniture, and other fixed assets.
• Ensure capitalization of new assets is done correctly and on time.
• Maintain fixed asset registers and support periodic physical verification.
• Track capital expenditure against approved budgets.
• Coordinate with Projects and Purchase teams for proper accounting of project- related expenditure.
• Audit & Internal Controls
• Coordinate with internal auditors, statutory auditors, and other auditors as required.
• Ensure timely availability of schedules, supporting documents, and reconciliations. · Close audit observations within agreed timelines.
• Strengthen accounting controls and ensure adherence to company policies. 
• Identify weaknesses in financial processes and recommend corrective action.
• System & Process Discipline
• Ensure that accounting activities are carried out through approved ERP/accounting systems.
• Improve accuracy and discipline in financial data entry and reporting.
• Reduce dependency on manual records and spreadsheets wherever appropriate.
• Work towards digitization of accounts and finance documentation.
• Ensure proper maker-checker and authorization controls are followed.
• Coordination with Corporate Office
• Coordinate regularly with Corporate Accounts & Finance at Kolkata.
• Ensure timely submission of plant financial data, reconciliations, schedules, and reports.
• Follow common accounting policies and reporting formats across the organization.
• Provide information required by management, auditors, banks, and statutory authorities within agreed timelines..

Required Skills:

• Strong accounting fundamentals.
• Manufacturing and cost-accounting understanding.
• Good analytical and numerical ability.
• GST and TDS knowledge.
• Financial MIS and reporting.
• Working capital management.
• Inventory and fixed-asset accounting.
• Budgeting and variance analysis.
• Strong Excel and ERP skills.
• Good coordination and follow-up ability.
• Accuracy and attention to detail.

Required Qualification:- MBA - Finance

Salary: - Upto 9.00 LPA

If you are interested for this opening please send updated resume on same mail with following details.

Total No. of Years Experience :-

Current CTC :-

Expected CTC :-

Notice Period :-