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