Sanghvi - Assistant General Manager - Accounts

About the job:

Experience Required: 8-10 years in corporate finance & accounts (preferably in large listed organizations, manufacturing/logistics, Big4 / audit exposure)

Role Summary:

The AGM - Accounts will be responsible for overseeing Accounts Payables (AP), Accounts Receivables (AR), General Ledger (GL), Statutory Compliances, IND AS-based financials, Consolidation of subsidiaries, and Month- & Year-end Closures. The role demands strong leadership in team management, process controls, and handling statutory & internal audits (Big4) while ensuring compliance with IND AS, Companies Act, Income Tax, and other applicable laws. The incumbent will act as a key member of the Finance leadership team, ensuring accuracy, timeliness, and integrity of the company's financial reporting.

Key Responsibilities:

Financial Accounting & Reporting:

- Lead end-to-end accounting function covering AP, AR, GL, Fixed Assets, Banking, Payroll Accounting, and Provisions.

- Ensure monthly, quarterly, and annual financial statements are prepared in line with IND AS & Companies Act requirements.

- Drive timely month-end, quarter-end, and year-end book closure with strict adherence to group timelines.

- Responsible for intercompany reconciliations and eliminations for consolidation purposes.

- Maintain trial balance accuracy and ensure mapping of accounts to reporting structures.

2. Consolidation (IND AS & Group Reporting):

- Prepare consolidated financials including multiple subsidiaries, JVs, and associates in line with IND AS 110 / 111 / 28.

- Handle complexities around cross-holdings, eliminations, foreign subsidiaries, minority interest, goodwill accounting, etc.

- Coordinate with auditors for disclosures and notes to consolidated accounts.

- Facilitate group-level reporting for management and regulatory compliance.

3. Audit & Compliance:

- Lead Statutory Audit, Internal Audit, and Limited Review (Quarterly) with Big4 auditors.

- Ensure audit schedules, supporting documents, and reconciliations are ready as per audit timelines.

- Compliance with Companies Act, Income Tax Act, GST, TDS, ROC filings, CARO, CSR reporting, etc.

- Drive implementation and adherence of internal financial controls (IFC/ICFR).

4. AP, AR, and Working Capital Management:

- Oversee Accounts Payable: vendor payments, validations, TDS, GST credit utilization, and process improvements.

- Oversee Accounts Receivable: timely invoicing, credit monitoring, customer reconciliations, and collection follow-up.

- Monitor working capital metrics (DSO / DPO) and support treasury management.

- Partner with business teams to drive dispute resolution and customer/vendor relationship management.

5. Leadership & Team Management:

- Lead a team of accounting professionals across AP, AR, GL, and reporting streams.

- Coach, mentor, and develop team members; foster a culture of accountability, accuracy, and continuous learning.

- Ensure collaboration across operations, business finance, and corporate teams.

6. Process Control & Digitalization:

- Drive process excellence by standardizing accounting processes, SOPs, policies, and documentation.

- Implement ERP controls (SAP/Oracle/any major ERP) and accounting automation initiatives.

- Ensure robust checks to mitigate financial risks and errors.

Educational Qualification:

Chartered Accountant (CA) mandatory.

Additional qualification (CMA / MBA - Finance) will be an added 8-10 years' post-qualification experience in corporate finance & accounts.

- At least 3-4 years in a leadership/team handling role.

- Strong exposure to IND AS, consolidation, book closure, and listed company compliance.

- Experience in Big4 audit coordination.

- Background in sector preferred.

Skills Required

- Strong knowledge of IND AS, IFRS basics, Companies Act, and SEBI compliances.

- Hands-on with consolidation, consolidation software/ERP modules.

- Excellent knowledge of audit cycles, statutory compliances, and working capital accounting.

- Proficiency in ERP (SAP/Oracle) and MS Excel/PowerPoint.

- Leadership qualities: decision-making, problem-solving, people management, and cross-functional collaboration.

Key Performance Indicators (KPIs)

- Timely & accurate monthly/quarterly/yearly closures.

- Clean audit reports with minimal observations.

- Accuracy in consolidated financials and compliance with IND AS disclosure requirements.

- Effective team performance and capability building.

- Continuous improvement in process efficiency and governance.