Account Manager

Job Deliverables – Accounts Manager

Deliverables:

• Financial Reporting: Prepare timely and accurate financial statements including balance sheets, income statements, and cash flow statements.
• Generate various financial reports for management review, board meetings, and regulatory compliance.
• Analyze financial data to provide insights and recommendations for strategic decision-making.
• Budgeting and Forecasting: Collaborate with department heads to develop annual budgets and forecasts.
• Monitor budget performance and variance analysis.
• Identify areas for cost reduction and efficiency improvement.
• Cash Management: Manage daily cash flow operations, including cash receipts and disbursements.
• Monitor bank balances and reconcile bank statements.
• Implement cash management strategies to optimize liquidity and minimize risks.
• Accounts Receivable and Accounts Payable: Oversee accounts receivable process, including invoicing, collections, and credit management.
• Manage accounts payable process, ensuring accurate and timely payments to vendors and suppliers.
• Maintain relationships with customers and suppliers to resolve payment issues and disputes.
• Tax Compliance: Ensure compliance with all local, state, and federal tax regulations.
• Coordinate with external tax advisors to prepare and file tax returns.
• Stay updated on changes in tax laws and regulations that may impact the business.
• Audit and Internal Controls: Coordinate annual audits and assist auditors in their review.
• Develop and maintain internal control procedures to safeguard company assets and ensure financial accuracy.
• Address any audit findings and implement corrective actions as needed.
• Financial Planning and Analysis: Provide financial analysis and support for strategic initiatives, investment decisions, and business expansion opportunities.
• Conduct profitability analysis on products, customers, and market segments.
• Develop financial models to evaluate business scenarios and investment proposals.
• Team Management: Supervise and mentor accounting staff, providing guidance and support in their roles.
• Conduct performance evaluations and facilitate professional development opportunities.
• Foster a positive and collaborative work environment within the accounting department.
• Compliance and Risk Management: Ensure compliance with regulatory requirements and company policies.
• Identify financial risks and implement risk mitigation strategies.
• Monitor changes in accounting standards and assess their impact on financial reporting.
• Special Projects: Lead or participate in special projects such as system implementations, process improvements, or business acquisitions.
• Collaborate with cross-functional teams to achieve project objectives and deliver results on time and within budget.

An outcome to Drive.

The primary outcome an Accounts Manager at Damati Group could drive is "Enhanced Financial Performance and Stability." This entails implementing efficient cost management strategies, optimizing pricing, and identifying revenue growth opportunities to improve profitability. Strengthening cash flow management through effective working capital optimization, improved collections, and streamlined payables ensures adequate liquidity for operations and growth initiatives. Establishing robust internal controls, ensuring regulatory compliance, and minimizing financial risks contribute to enhanced financial integrity and asset protection. Timely and accurate financial reporting provides transparency to stakeholders and supports informed decision-making. Additionally, providing financial analysis and strategic support aligns financial goals with broader business objectives, facilitating sustainable growth and long-term success.

Skills/Experience/Competencies you need to do the job.

1. Financial Acumen: Strong understanding of accounting principles, financial analysis, budgeting, and forecasting.
2. Industry Knowledge: Familiarity with import-export and manufacturing operations, including relevant regulations, supply chain dynamics, and market trends.
3. Technical Proficiency: Proficiency in accounting software (e.g., QuickBooks, SAP, or Oracle), Microsoft Excel, and other relevant tools for financial analysis and reporting.
4. Communication Skills: Ability to communicate financial information effectively to various stakeholders, both orally and in writing.
5. Leadership and Team Management: Experience in supervising and motivating accounting teams, delegating tasks, and fostering a collaborative work environment.
6. Problem-Solving Skills: Capacity to identify financial issues, analyze root causes, and develop effective solutions.
7. Attention to Detail: Strong attention to detail to ensure accuracy in financial reporting and compliance with regulations.
8. Analytical Thinking: Ability to analyze complex financial data, identify trends, and make data-driven decisions.
9. Adaptability: Flexibility to adapt to changing business priorities, regulations, and market conditions.
10. Integrity and Ethics: Commitment to upholding ethical standards, maintaining confidentiality, and ensuring compliance with regulatory requirements.
11. Time Management: Effective time management skills to prioritize tasks, meet deadlines, and manage multiple responsibilities simultaneously.
12. Relationship Building: Strong interpersonal skills to build and maintain relationships with internal stakeholders, external auditors, vendors, and regulatory authorities.
13. Strategic Vision: Ability to think strategically and contribute to long-term financial planning and business strategy development.

Location: Mumbai