Financial Operations Manager

4 weeks ago

Mumbai, Maharashtra, India Find Next Hire Full time
Job Overview:
Find Next Hire is seeking an experienced and detail-oriented Financial Operations Manager to oversee the financial operations of a group of companies. The ideal candidate will be proficient in managing multicompany accounts, possess strong knowledge in compliance, and have expertise in financial reporting and analysis. The role requires hands-on experience with manufacturing accounting, tax compliance, and import/export transactions. You will lead a team of 56 members, ensuring timely and accurate financial reporting and providing insights to support business decisions.

Key Responsibilities:
  • Prepare and analyze financial statements for the group of companies, including balance sheets, income statements, and cash flow statements.
  • Provide timely, accurate, and actionable financial insights to support decision-making.

Month End and Year End Close:
  • Lead the month-end and year-end closing processes.
  • Reconcile accounts, resolve discrepancies, and ensure financial data accuracy.
  • Prepare and analyze daily, weekly, monthly, quarterly, and annual MIS reports to identify trends and variances.

Budgeting and Forecasting:
  • Assist in developing annual budgets and forecasts.
  • Monitor actual performance versus budgeted figures and analyze variances.
  • Collaborate with various departments to collect and validate financial data.

General Ledger Management:
  • Maintain and reconcile the general ledger across multiple companies.
  • Review and post journal entries, ensuring accurate and up-to-date financial records.
  • Perform daily accounting tasks, including bank reconciliations and managing payments for TDS, GST, and income tax.

Compliance and Audit:
  • Ensure full compliance with tax regulations, including TDS, GST, and income tax filings.
  • Assist with the preparation of tax returns and collaborate with internal and external auditors during audits.
  • Implement and maintain strong internal controls to safeguard company assets.

Financial Analysis:
  • Conduct thorough financial analysis to identify trends, opportunities, and risks.
  • Perform variance analysis and provide financial recommendations to support strategic decision-making.
  • Assess financial performance through comprehensive financial assessments.

Software Proficiency:
  • Utilize accounting software, such as Tally ERP and Tally Prime, for managing financial operations.
  • Stay informed on industry best practices and emerging technologies in financial management.

Team Leadership:
  • Manage a team of 56 members, ensuring accurate and timely completion of tasks.
  • Oversee multiple MIS reports shared with management daily, ensuring clear and precise communication.
  • Motivate and lead the team to achieve optimal performance while ensuring alignment with company goals.

Banking and Import/Export Accounting:
  • Manage multiple bank accounts and handle all aspects of banking operations, including reconciliations and transactions.
  • Oversee import/export accounting and banking transactions, liaising with creditors, debtors, and bankers.

Specialized Knowledge:
  • Manufacturing Accounting: Strong understanding of manufacturing accounting processes (preferred).
  • Share Market & DMAT Accounts: Knowledge of share market transactions from an accounting perspective is a plus.
  • Experience handling group companies with multicompany accounting is highly desirable.

Qualifications & Skills:
  • Strong knowledge of accounting principles and financial management, specifically for group companies.
  • Proficiency in Tally ERP, Tally Prime, and other accounting software.
  • Experience in managing compliance with TDS, GST, income tax, and audit requirements.
  • Familiarity with import/export accounting and banking procedures.
  • Excellent leadership and team management skills, with the ability to lead and inspire a team.
  • Strong communication skills in both English and Hindi.
  • Ability to handle multiple priorities and meet strict deadlines in a fast-paced environment.

Preferred Experience:
  • Proven experience in managing accounts for multiple companies, including manufacturing sectors.
  • Prior experience handling complex financial operations, including multibank accounts and import/export transactions.
  • Experience in managing a finance team and reporting directly to senior management.

This role offers an opportunity to lead financial operations across a group of companies and contribute to the growth and success of the organization. If you meet the qualifications and are looking for a challenging yet rewarding role, we encourage you to apply.

accounting, financial operations, tax, reporting, general ledger, tax deducted at source (tds), goods and services tax (gst), bank reconciliation, financial reporting, group financial reporting, compliance, financial analysis, financial data management, accounting management, stock market, manufacturing

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