Deputy Manager

2 days ago

Bengaluru, India Karkhana.io Full time
Job Title:

Deputy Manager - AccountsJob Summary:We are looking for a hands-on and proactive

Deputy Manager - Accounts

to manage critical financial operations while actively contributing to process improvements and operational efficiency. This role requires a strong sense of ownership, attention to detail, and the ability to take on additional responsibilities to support organizational growth in a fast-paced, supply-chain-driven contract manufacturing environment.Key Responsibilities:1. Accounts Receivable (AR):Actively manage and oversee the AR process, ensuring accurate invoicing, timely collections, and proper cash application.Regularly prepare, review aging reports, address overdue accounts, and implement strategies to reduce bad debts.Perform credit evaluations in collaboration with the Finance & Sales team, set credit limits, and resolve escalated collection issues.Work closely with the sales team to resolve disputes, deductions, and claims.Analyse trends in AR, prepare AR performance reports, including cash flow projections and actionable insights for management.Ensure compliance with GST, TDS, and other legal & Regulatory requirements.Periodic reconciliation of Ledger balances, 26AS records and confirmation of balancesPrepare AR documentation for internal and external audits. Address audit queries and implement recommended improvements.Collaborate with ERP and Sales teams to optimize and automate AR workflows.2. Accounts Payable (AP):Take ownership of AP processes, including vendor invoice processing, payment approvals, and disbursements.Resolve discrepancies related to invoices and payments in collaboration with the sourcing team.Build strong vendor relationships, negotiate payment terms, and ensure timely responses to queries.Monitor adherence to payment policies and prepare AP reports, such as aging and cash flow projections.Collaborate with ERP and sourcing teams to optimize and automate AP workflows.Prepare AP documentation for internal and external audits. Address audit queries and implement recommended improvements.3. Inventory Management:Maintain accurate inventory records across all locations, including those with job-workers.Conduct regular cycle counts, audits, and reconciliations to minimize variances.Actively monitor lead times, order quantities, and re-order points to optimize stock levels.Prepare inventory performance reports, such as stock valuation and turnover ratios, and analyze trends.Enhance inventory management processes and leverage ERP systems to improve efficiency.4. GL Management and Financial Closures:Take a hands-on role in ensuring accurate and timely posting of journal entries in the General Ledger.Reconcile GL accounts, oversee fixed asset accounting, and manage month/year-end closures.Prepare accruals, prepayments, and trial balances for review, ensuring adherence to internal controls.Actively coordinate with internal and external auditors, providing required documentation and addressing queries.Stay updated on accounting standards and ensure compliance across financial operations.5. Additional Responsibilities and Cross-Functional Support:Proactively take on additional responsibilities beyond the core role to support evolving business needs.Collaborate with cross-functional teams (Sales, and operations) to align financial goals with organizational objectives.Identify opportunities for process improvements across AR, AP, and inventory management functions.6. Team Leadership:Lead by example with a hands-on approach, mentoring and guiding team members to enhance their skills.Foster a collaborative, accountable, and results-driven work culture.Qualifications and Skills:Bachelor’s degree in Commerce, Accounting, or Finance (MCom/MBA/CMA preferred).8–10 years of hands-on experience in accounting roles, preferably in supply-chain or manufacturing environments.Proficiency in ERP systems and advanced Excel skills.Strong Accounting SkillsStrong understanding of AR, AP, inventory management, and GL processes.Strong understanding of GST, TDS and other applicable tax regulations.Excellent analytical, organizational, and problem-solving skills.A proactive mindset, with the ability to take ownership and handle additional responsibilities as needed.

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