Ergode IT Services

2 weeks ago

Mumbai, India Ergode IT Services Full time

Job Summary:

- We are looking for a highly skilled Finance and Accounting Manager to oversee the company's financial operations, accounting processes, and reporting.

- The ideal candidate will be responsible for managing the day-to-day financial and accounting functions, ensuring accuracy, compliance, and timeliness in financial reporting.

- The role requires a strong background in finance, accounting, and leadership to effectively guide the finance team and support the company's strategic objectives.

Key Responsibilities:

Financial Reporting & Analysis:

- Prepare and review monthly, quarterly, and annual financial statements, including the balance sheet, income statement, and cash flow statement.

- Analyze financial results, trends, and key performance indicators (KPIs) to provide actionable insights to senior management.

- Ensure the accuracy and timeliness of all financial reports and make recommendations for improvements in financial performance.

- Oversee and manage the financial close process, ensuring that all deadlines are met and discrepancies are resolved promptly.

Budgeting & Forecasting:

- Lead the preparation of the annual budget and financial forecasts in collaboration with other departments.

- Monitor and track actual financial performance against the budget, providing variance analysis and corrective actions.

- Provide strategic recommendations on cost optimization and revenue enhancement opportunities to help the company achieve its financial goals.

Accounts Payable & Receivable:

- Oversee the management of accounts payable and accounts receivable processes to ensure accuracy, timely processing, and adherence to payment terms.

- Ensure proper documentation for all transactions, including receipts, invoices, purchase orders, and contracts.

- Develop and maintain strong relationships with vendors and customers to ensure timely payments and collections.

Compliance & Internal Controls:

- Ensure compliance with all relevant financial regulations, tax laws, and industry standards (local and international).

- Develop and maintain internal controls to safeguard the company's assets and ensure the integrity of financial reporting.

- Coordinate with external auditors to ensure the company's financial statements are audited and filed accurately and on time.

- Monitor and enforce adherence to financial policies and procedures across the organization.

Cash Flow Management:

- Monitor the company's cash flow, ensuring there are sufficient funds to meet operational needs while optimizing cash reserves.

- Prepare cash flow projections and manage cash requirements to support business operations and growth.

- Oversee the management of banking relationships, credit lines, and investments.

Tax Management:

- Ensure accurate preparation and filing of corporate tax returns and compliance with tax regulations.

- Provide tax planning advice to minimize tax liabilities while ensuring compliance with all applicable laws.

- Stay updated on tax law changes and communicate their impact to senior management.

Team Management & Development:

- Lead and supervise the finance and accounting team, providing guidance, mentorship, and professional development opportunities.

- Assign tasks and responsibilities to team members, ensuring effective workload distribution and meeting of deadlines.

- Foster a collaborative team environment, encouraging continuous learning and development.

Financial Systems & Process Improvement:

- Oversee the implementation and optimization of financial systems (e., ERP, accounting software, etc. ) to improve financial operations and reporting.

- Identify areas for process improvements and automation to increase efficiency and reduce errors.

- Stay up to date with industry best practices and recommend improvements to accounting and financial processes.

Management Reporting & Presentations:

- Prepare and present financial information to the senior leadership team, highlighting key financial performance, risks, and opportunities.

- Support strategic decision-making by providing accurate, data-driven financial analysis and recommendations.

- Ensure that all financial documents are properly prepared for board meetings, executive presentations, and investor relations.

Strategic Financial Planning:

- Support the management in setting long-term financial goals and strategies for the organization.

- Evaluate the financial viability of business opportunities, investments, and capital expenditure decisions.

- Assist in risk management by assessing the financial implications of business decisions, contracts, and new projects

(ref:iimjobs.com)

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