Manyavar - Head - Finance & Accounts

3 weeks ago

Kolkata, India VEDANT FASHIONS LIMITED Full time

Position Title: Head - Finance & Accounts Department: Finance & Accounts Reporting to: CFO Organizational Context:- Lead and oversee the organization's entire Finance, Accounts, and Taxation functions, ensuring compliance, efficiency, and financial integrity across all operations. Key Responsibilities & Accountabilities:- Oversee Financial Reporting, Direct & Indirect Taxation, Accounts Payable/Receivable, Audit, MIS, and Budgeting. - Establish and maintain robust financial and cost accounting systems to ensure accurate and timely management reporting and performance analysis. - Ensure timely closure of books of accounts and reconciliation as per applicable accounting standards. - Prepare and review all financial statements-income statements, balance sheets, shareholder and regulatory reports-and present final accounts to the CFO for approval. - Coordinate all audit activities including statutory, tax, internal, and special audits; respond to audit observations and ensure timely closure of findings. - Lead the annual budgeting process in collaboration with vertical/department heads and monitor variances against approved budgets. - Monitor cash flow and fund flow, manage financial costs, and facilitate decision- making on disbursements and prioritizations. - Strengthen systems and processes for Payables and Receivables, and develop effective credit policies balancing organizational and stakeholder interests. - Ensure timely vendor payments and customer collections. - Drive Direct and Indirect tax planning and compliance, ensuring optimal tax positions and adherence to all statutory requirements. - Liaise with Legal and Secretarial teams to ensure proper corporate governance and adherence to accounting norms. - Develop and standardize MIS reporting across units to provide management with actionable insights. - Support the CFO in identifying revenue leakages, cost overruns, and opportunities for financial optimization through MIS analysis. - Drive cost control initiatives and improve overall financial efficiency. Key Requirements:- Proven experience leading the complete Finance, Accounts, and Taxation functions in an organization with a turnover of - 500 Cr or above. - Strong leadership experience, managing teams of 20+ professionals. - Expertise in Financial Reporting (IND AS), Corporate Finance, Direct and Indirect Taxation (GST), Treasury Management, Budgeting, MIS, and Data Analysis. - Sound knowledge of Accounts Receivable and Payable management, fund management, and other day-to-day financial operations. - Proficiency in Excel and PowerPoint for financial analysis and presentation. Key Interactions & - Board of Directors - Governance Committees - Vertical/Department Heads External: - Statutory Authorities - Auditors (Statutory and Internal) - Lenders - Banks and Financial Institutions - JV/Strategic Alliance Partners - Key External Consultants (ref:iimjobs.com)

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