Business Financial Operations Manager
9 hours ago
Palmonas Overview
Palmonas is a modern demi-fine jewellery brand that ships to over 200 countries and collaborates with top retailers worldwide. Our distinctive pieces are designed in-house at the Koregaon Park headquarters in Pune, focusing on fashionable designs with high-quality construction for everyday wear.
The Accounts Manager will be responsible for overseeing end-to-end financial activities, ensuring accurate financial records and reporting. This includes order-level tracking, revenue reconciliation, expense management, and detailed data analysis. The ideal candidate will have a meticulous eye for detail, proficiency in cross-functional reconciliation, and hands-on experience with multi-channel transactions.
Main Responsibilities:
- Financial Reconciliation & Analysis:
- Reconcile sales and revenue data across various channels, including online marketplaces, Shopify, and retail operations.
- Match bank statements with accounting entries, ensuring all transactions are accurately reflected and discrepancies are resolved promptly.
- Review logistics, payment gateway settlements, refunds, discounts and credit notes, and chargebacks to ensure correct accounting treatments.
- Accounts Payable & Receivable Management:
- Oversee the end-to-end accounts payable process, including vendor invoice verification, payment scheduling, and maintaining accurate records of expenses.
- Manage accounts receivable to ensure timely invoicing and collections, minimizing outstanding balances and payment delays.
- Order & Purchase Level Accuracy:
- Track and understand all commercial terms with service providers, partners, and suppliers to ensure correct accounting at order and purchase levels.
- Validate inventory purchases and returns, updating accounting systems to reflect stock movements accurately.
- Financial Reporting & MIS:
- Prepare monthly, quarterly, and annual financial statements, including P&L, balance sheet, and cash flow statements, in compliance with statutory requirements.
- Develop comprehensive MIS reports, dashboards, and KPIs to provide insights into sales performance, profitability, and cost optimization opportunities.
- Collaborate with cross-functional teams (Sales, Marketing, Operations) to provide financial insights and align on business objectives.
- Compliance & Internal Controls:
- Ensure compliance with local tax regulations, GST filings, TDS/TCS, and any other statutory requirements.
- Maintain and strengthen internal controls, accounting policies, and standard operating procedures (SOPs) for financial operations.
About You
- Education: Bachelor's degree in Accounting, Finance, or related field.
- Experience: Minimum 5+ years of accounting experience, preferably in an e-commerce, retail, or D2C environment.
- Technical Skills:
- Proficiency in accounting software (e.g., QuickBooks, Tally, or ERP systems) and advanced Excel skills for data manipulation and reporting.
- Familiarity with Shopify, online marketplaces (Amazon, Flipkart), and payment reconciliation processes is desirable.
- Analytical Mindset: Strong analytical and problem-solving skills, with the ability to translate complex financial data into actionable insights.
- Attention to Detail: Meticulous and detail-oriented approach to ensure accurate financial records and reporting.
- Communication & Interpersonal Skills: Excellent written and verbal communication skills; ability to work collaboratively with cross-functional teams and external partners.
What We Offer:
- A dynamic and fast-paced work environment where your contributions will have a direct impact on company growth.
- Competitive compensation and benefits package, estimated salary ₹3,600,000 - ₹4,000,000 per annum.
- Opportunities for professional growth, learning, and development within a rapidly scaling brand.
Job Details:
Location: Pune, Maharashtra.
Timing: 10 am to 7 pm.
Working Days: Monday to Saturday.
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