Senior Manager - Finance and Accounts

Ananta resource management

3+ Years

2500000 - 2600000 Yearly

Apply Now Please Wait...

Posted: 08 Dec 24

Job Description

Job Functions and Responsibilities

Inter-Company Reconciliation: Ensure inter-branch accounts reconcile monthly with a zero net balance.
Auditor Query Resolution: Identify and address errors, root causes, and responsible persons for seamless query resolution.
Fund Management: Monitor and allocate funds across branches based on needs, optimizing cash flow and utilization.
Bank Reconciliation: Daily review and monitoring of bank reconciliations to ensure alignment with financial records.
Preparation of SOPs: Develop and standardize process documents for MIS to align practices across branches.
Annual Accounts Finalization: Consolidate and finalize accounts for Pan-India operations, ensuring timely statutory audits.
Statutory Compliance: Oversee compliance with regulatory requirements, ensuring timely payments and filings (e.g., GST, TDS).
Ledger Scrutiny: Regular review and rectification of balance sheet and P&L ledgers to maintain accuracy.
Accounts Receivable (AR) Review: Evaluate receivables/payables bi-weekly to ensure collections flow and resolve disputes.
On-Account Clearing: Follow up with branches to reconcile on-account payments/receipts and adjustments.
IT Coordination: Collaborate with IT to resolve logistics-related system issues efficiently.
Payables/Receivables Management: Address issues in billing, payables, or receivables, liaising with internal/external parties when necessary.
GST and TDS Management: Stay updated on amendments, coordinate with consultants, and ensure compliance (e.g., GSTR 3B, GSTR 1, GSTR 2B reconciliations).
Profitability Analysis: Regularly review job/customer profitability, address loss-making jobs, and ensure timely operational/financial job closures.
MIS Reporting: Provide accurate and timely management reports to support decision-making.

KRA (Key Responsibilities) & Performance Indicators

Inter-Company Reconciliation

Monthly reconciliation of inter-branch accounts at the intra-company level with zero discrepancies.

Auditor Query Resolution

Timely resolution of internal audit queries, including root cause analysis and corrective actions.

Fund Management

Efficient allocation of funds across branches, optimizing the use of resources, and maintaining cash flow.

Bank Reconciliation

Ensure daily reconciliation reports align with books and address unreconciled items promptly.

Process Standardization (SOPs)

Develop and enforce SOPs for financial processes, ensuring uniformity across branches.

Annual Accounts Finalization

Timely preparation of consolidated financial statements and successful statutory audit completion.

Statutory Compliance

Ensure all statutory payments and filings (GST, TDS, etc.) are made accurately and within deadlines.

Ledger Scrutiny

Proactively identify and rectify erroneous ledger entries, maintaining a clean balance sheet and P&L.

Receivables Management

Regularly review AR and resolve disputes to ensure steady cash inflow.

On-Account Payment Reconciliation

Minimize outstanding on-account payments/receipts by working with branch teams.

IT Collaboration for Logistics Issues

Effectively liaise with IT teams to resolve logistics software/system issues impacting financial workflows.

Billing and Payables Oversight

Address disputes in billing/payables, ensuring accurate processing and reconciliation.

Taxation Compliance

Ensure GST and TDS compliance by reviewing returns and implementing necessary changes due to amendments.

Profitability Tracking

Analyze and lock job/customer profitability, highlighting unbilled revenue and underperforming areas.

MIS Reporting

Deliver various financial and operational reports to management on demand.

Expected Skills and Competencies

Technical Expertise: Proficiency in GST, TDS, and financial reporting standards.
Analytical Skills: Ability to scrutinize ledgers, assess profitability, and identify errors.
Process Orientation: Strong in creating SOPs and ensuring their implementation across branches.
Communication: Liaise effectively with auditors, branch heads, and cross-functional teams.
Attention to Detail: Ensuring compliance, accuracy in reconciliations, and financial reports.

More information about this Senior Manager - Finance and Accounts Job

Please go through the below FAQs to get all answers related to the given Senior Manager - Finance and Accounts job

What are the job requirements to apply for this Senior Manager - Finance and Accounts job position?
- Ans: A candidate must have a minimum of 3+ year experience as an Senior Manager - Finance and Accounts

What is the qualification for this job?
- Ans: The candidate can be a Graduate from any of the following: CA, ICWA
What are the salary requirements for this job?
- Ans: The salary range is between 2500000 and 2600000 Yearly. The Salary will depend on the interview. This Senior Manager - Finance and Accounts is a Full Time in Mumbai.
What is the hiring Process of this job?
- Ans: The hiring process all depends on the company. Normally for an entry level, hiring the candidate has to go for Aptitude, GD (If they look for communication),Technical test and face to face interviews.
This Senior Manager - Finance and Accounts is a work from home job?
- Ans: No ,its not a Work from Home Job.
How many job vacancies are opening for the Senior Manager - Finance and Accounts position?
- Ans: There are immediate 1 job openings for Senior Manager - Finance and Accounts in our Organisation.