Quick Overview
Seniority
Mid Senior
Employment type
Full Time
Work mode
On Site
Location
Mumbai, Maharashtra, India
Posted
5 weeks ago
Accounts PayableAccounts ReceivableBudgetingERPCost AccountingFinancial AnalysisForecastingInternal AuditInternal ControlsReconciliationSAPStakeholder ManagementTreasury
Job Description
Key Responsibilities
Financial Accounting & Reporting
- Ensure proper, accurate, and timely maintenance of day-to-day accounting and financial records
- Prepare monthly and annual financial statements and ensure timely finalization of the Balance Sheet
- Perform general accounting activities including Journal Vouchers (JVs)
- Maintain accounting records in SAP and ensure adherence to company accounting policies and Group policies and procedures
- Introduce and implement best accounting practices and process improvements
- Prepare management reports (MIS), financial analysis and other reports required by senior management and the Group
- Assist in preparation of Long-Term Plans (LTP) and annual business plans (budgets) in co-ordination with other departments
- Monitor actual expenditure against budgets and report variances with appropriate analysis
- Analyze profitability and recommend measures for cost optimization
- Monitor reimbursements receivable from various brands
- Monitor accounting and provisions brand wise for discounts and various schemes
Accounts Payable & Receivable
- Manage Accounts Payable processes including vendor invoice verification, purchase order validation, payment processing and vendor reconciliations
- Monitor vendor advances and recover excess payments where applicable
- Handle Accounts Receivable reconciliation and communicate effectively with customers regarding outstanding balances
- Prepare AR reports for monthly MIS and management review
- Perform related party reconciliations in both vendor & customer accounts
- Account for related party transactions in compliance with applicable accounting standards and company policies
Payroll & Employee Cost Accounting
- Ensure accurate accounting of wages, salaries, incentives, allowances, statutory deductions and employee benefits
- Ensure timely processing and disbursement of payroll and employee-related payments
- Maintain accounting records relating to manpower costs and employee benefit obligations
Banking & Treasury
- Coordinate foreign remittances and import-related payments with banks
- Prepare stock statements, Financial Follow-up Reports (FFR), CMA data and other banking submissions
Statutory Compliance
- Ensure timely payment of statutory dues including GST, TDS, TCS, PF, ESI, Professional Tax and other applicable statutory liabilities
- Ensure compliance with Companies Act and other applicable financial regulations
- Support statutory filings and ensure compliance without penalties or interest
Inventory & Fixed Asset Management
- Conduct periodic inventory reconciliations and stock verification in coordination with warehouse team
- Establish and monitor inventory management and stock verification processes
- Maintain the Fixed Asset Register with complete details of asset location, movement, capitalization and disposal
- Ensure physical identification, numbering and safeguarding of company assets
Audit & Compliance
- Coordinate with internal auditors, statutory auditors and external consultants
- Prepare audit schedules and provide necessary documentation during audits
- Address audit observations and ensure timely closure of audit queries
- Strengthening internal controls and compliance processes
Cash & Administrative Accounting
- Monitor petty cash utilization and controls
- Ensure proper documentation for banking and finance-related transactions
Additional Responsibilities
- Support management with financial analysis and business insights through a 360-degree understanding of business operations
- Participate in continuous improvement initiatives related to finance and accounting processes
- Perform any additional finance, accounting or compliance responsibilities assigned by management from time to time
Required Skills & Competencies
- Strong knowledge of Financial Accounting, Cost Accounting and Corporate Finance
- 6 to 8 years of experience
- Hands-on experience with SAP ERP environment
- Strong understanding of Indian Accounting Standards, GST, TDS, TCS, Companies Act and other statutory compliances
- Experience in budgeting, forecasting, MIS reporting and financial analysis
- Knowledge of inventory accounting, fixed asset accounting, payroll accounting and treasury operations
- Experience in handling statutory and internal audit
- Excellent analytical, problem-solving and organizational skills
- Strong communication and stakeholder management abilities
- Ability to work independently with minimal supervision
- High attention to detail, integrity and commitment to deadlines
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