Finance Manager

Job Title: Finance Manager Location: [Pune, India] Department: Finance & Accounts Reports To: Head – Finance / Director – Finance / CFO Job Summary: The Finance Manager will oversee the company’s end-to-end finance and accounting operations, including Accounts Receivable (AR), Accounts Payable (AP), and Books of Accounts finalisation. This role is pivotal in ensuring financial accuracy, compliance, and process efficiency in a fast-growing IT services environment (200–500 employees). The incumbent will be hands-on in managing financial transactions, guiding the accounting team, ensuring adherence to timelines, and maintaining a high level of accuracy and transparency across all finance functions. Key Responsibilities: 1. Accounts Receivable (AR) Management - Manage the full AR cycle — from client invoicing and credit control to collections and reporting. - Ensure invoices are raised accurately as per contracts, milestones, and delivery terms. - Regularly monitor outstanding receivables, follow up with clients for timely payment, and minimize DSO (Days Sales Outstanding). - Prepare AR aging reports and coordinate with sales and delivery teams to resolve disputes. - Ensure proper revenue recognition in accordance with Indian Accounting Standards. 2. Accounts Payable (AP) Management - Oversee vendor invoice processing, approvals, and timely disbursements. - Maintain accuracy in vendor records, payment terms, and statutory compliance (GST/TDS). - Reconcile vendor accounts periodically and manage relationships with key suppliers. - Optimize payment cycles and ensure DPO (Days Payables Outstanding) aligns with cash flow objectives. 3. Books of Accounts & Reconciliation - Supervise daily accounting activities and ensure daily accurate posting of all transactions. - Conduct monthly reconciliation of bank accounts, ledgers, inter-company accounts, and all other balance sheet items. - Ensure financial data integrity and timely month-end, quarter-end, and year-end closures. - Support audit activities (statutory, internal, and tax audits) by providing required schedules and reconciliations. 4. Team Management & Leadership - Lead and mentor a finance team (3–4 members) handling AR, AP, and general accounting. - Review team outputs regularly to ensure timeliness, accuracy, and adherence to internal controls. - Identify training needs, streamline workflows, and promote best accounting practices. - Implement process improvements and automation to enhance team productivity. 5. Compliance, Controls & Reporting - Ensure timely filing of all statutory returns (GST, TDS, PF, PT, etc.) and ensure coordination with consultants. - Feed MIS related reports to MIS Team – P&L, balance sheet, cash flow, and variance analysis. - Implement and monitor internal financial controls and ensure compliance with company policies. - Collaborate with cross function teams inside & outside the organisation. Key Performance Indicators (KPIs): - AR Collection Efficiency: DSO maintained within agreed company targets. - AP Timeliness: 100% vendor payments within due dates and correct statutory deductions. - Reconciliation Accuracy: Zero unreconciled items in bank and ledger accounts at month-end. - Compliance Adherence: 100% on-time statutory filings (GST, TDS, etc.). - Team Productivity: Timely completion of monthly financial closure within 3–5 working days. Required Skills & Competencies: - In-depth understanding of accounting principles, AR/AP cycles, and financial finalisation. - Strong knowledge of Indian taxation laws (GST, TDS, Income Tax) and Companies Act (Basic). - Proficiency in ERP/accounting software (e.g., Tally ERP, Zoho Books) (Others will be add on). - Advanced skills in Excel and financial reporting. - Strong analytical, leadership, and communication skills. - Ability to work in a fast-paced IT environment and meet multiple deadlines. Qualifications & Experience: - Education: B.Com / M.Com / MBA (Finance) / CA (Inter) / CMA (Inter) preferred. - Experience: 10–12 years of experience in Finance & Accounts, with at least 3–5 years in a managerial or team-lead role. - Industry: Experience in IT / ITES / software services or a similar project-based business is highly desirable. Work Mode : Work from Office ( Office Location - Shivaji Nagar, Pune )