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Manager - Finance and Accounts

Exp: 5 - 8 years

Min 5 years experience post CA

Preferred: Talents from Manufacturing/FMCG/F&B


Responsibilities and Duties

1.Controlling of Accounting Functions

  • A/R-Monitoring the Monthly Invoices submitted to customers based on Commercial Agreements.
  • Ensure Properly discounts Credited in Customer`s A/c
  • Scrutiny of Debtors a/c & Reconciliation.
  • Debit & Credit Notes issued as per agreements.
  • A/P- Controlling on Advance Payment & Bill Booked in A/cs.
  • All GL Scrutiny & up to date with accurate reconciliations.
  • Maintenance of books of accounts as per relevant standards & rules.
  • Manage the Operations of accounting department with other departments.
  • Preparation of MIS as per decision making & business needs.
  • Preparation of Budgets & Variance Analysis.
  • Reporting of the finding to the management.
  • Presentation of Financial Statements as per Companies Act.

2. Closing of Monthly & Yearly Books of Accounts

  • Scrutiny of Monthly Trial Balance& Preparation of Cash Flow Statement with Profit & Loss a/c including all provisions.
  • Supervision & Scrutiny of Statutory liabilities i.e. Excise/Service Tax,   Vat, TDS, ESIC /PF.
  • Capitalization of Fixed Asset & Depreciation thereon.
  • Scrutiny of Creditors & Debtors a/c.
  • Scrutiny of Overheads A/cs.
  • Inventory Valuation & Reconciliation of All Modules.
  • Finalization of Profit & Loss A/c with Balance Sheet Quarterly/Annually.

3.      Costing

  • Preparation of Cost Sheet for different products.
  • Decision making on the basis of contribution
  • Revised Pricing for existing Products
  • New Pricing for New Products
  • Cost Reduction & Cost Control measures
  • Take further step to reduce in Cost.
  • Depth analysis of Material, Labour & Overheads
  • Apportionment of Cost on the basis of proper justification

4. Statutory Compliances-Income Tax/Vat/Service Tax/Banks & others

  • Involved of Issues of Excise /Sale Tax/Service Tax/TDS / ESIC/PF Returns & show cause notices.
  • Involved in Audit of Excise/Service tax/Vat.
  • Involved in Finalization of Sale Tax Assessment Cases.
  • Scrutiny Cases of Income Tax, Reply of Show Cause Notices.
  • Ensure the TDS of Employees Salary, Contractor’s Payment, Professional, Rent etc.
  • Co-ordination with Statutory & Internal Auditors in the areas of Receivables, Payables, Inventory & Direct & Indirect Taxes
  • Transfer Pricing Audit, Tax Audit Report, Income Tax E Compliances.

5. Direct Tax & Indirect Taxes Matters

  • Responsible for Tax Audits / 92 E / Transfer pricing / Tax Return - Yearly.
  • Calculating advance tax, Computing taxable income & tax liability, directing to pay Advance tax
  • Drafting the Submission and replies to various notices relating to Income Tax assessment(including TDS and TP Assessment), Appeals and Penalty proceeding issued by Income Tax Authority
  • Coordination with Consultant on finalization of Transfer Pricing Study Report and Tax Audit Report.
  • Liaison with Statutory and Tax Auditors, Consultants and Senior Counsels on various Direct Tax matters.
  • To keep track on all updation in tax related case laws/notification/surplus circulated in ITR and other Tax Journals/Tax websites and share the same with other counterparts/officials of the company.
  • Drafting the Submission and replies to various notices relating to Excise & Service Tax Departments, Appeals and Penalty proceeding issued by Authority.

6.   Banking- Documentation & Bank Compliance

  • Fund Arrangement -Working Capital & Term Loans including both fund-based and
  • Familiarity with Banking Norms for fund raising & Formalities related credit facilities.
  • CMA Data Preparation for Proposals.
  • Fund Flow Management on Daily Basis.
  • Banking Liasioning with all the Consortium Banks.
  • Presentation of Quarterly Consortium Meetings.
  • Reduction of Processing & Other Charges.
  • Joint Documentation for Consortium
  • Due Diligence Report
  • Finalization of Financial Modeling for Road Projects
  • Equity IRR & Project IRR for Hybrid Projects.
  • Projected Cash Flows & Profit & Loss a/c & Balance Sheet.
  • Open/Amended/Acceptance of Letter of Credit.
  • Open of Bank Guarantees/Reduction/Extensions.
  • Forward Booking/Cancellation/Delivery.
  • Open FD/Renew/Margin Release.
  • Get External Credit Rating from ICRA/CRISIL.
  • Charge Create/Modified/Satisfy of Securities.
  • Stock Statement/Physical Progress Report.
  • Ensure timely submission of compliances.
  • Compliance with WC Covenants Including CMA etc.
  • FEMA/RBI/NBFC Guidelines.
  • Responsible Matters Relating to FEMA.
  • Dealing with Banks for operations.
  • Preparation of Weekly/monthly Cash flows.
  • Dealing with banks for LC opening, Domestic and foreign bills Discounting, LC open, availing Packing Credit, and Buyer Credit etc.  
  • Obtaining various certificates, remittance inward and outward                  
  • Advises from bank and verification of same.
  • Verification of interest charged by banks under various facilities.
  • Preparation of CMA data for banks, Cash Flow, Fund Flow, Ratio Analysis.
  • Exposure on Working Capital & Term Loans proposals.
  • Discussion and providing Justifications and coordination with Banks for various Loan proposals.
  • Arranging Payment of LC/BC/PCFC & Raw Material & Other Expenses.
  • Discussion and providing Justifications and coordination with Banks for various Loan proposals.
  • Planning, Analyzing of FOREX Booking and availing Forex hedging.
  • Analytical and interpretation skill of various financial reports.

Qualifications and Skills

  • Chartered Accountant
  • Banking
  • Finance
  • Budgeting
  • MIS
  • Consolidation
  • Taxation (Direct & Indirect)
  • GST implementation
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