Financial Manager

4 days ago

Chennai, Tamil Nadu, India beBeeFinancial Full time ₹ 5,00,000 - ₹ 10,00,000
Job Title: Financial Manager

The Accounts Manager is responsible for finance, accounting, budgeting, taxation, CAPEX and OPEX. This role plays a crucial part in the financial well-being of the organization.

  • Key Responsibilities:
    • Preparing financial appraisals and data for financing working capital.
    • Preparation of monthly stock statements, projected financials, and diligence certificates.
    • Handling foreign exchange transactions, including payments, receipts, and fluctuations.
    • Liaising with bankers, preparing and filing documents as required.
  • Accounting Functions:
    • Reviewing compliance with accounting systems and procedures.
    • Supervising the preparation of statutory books and finalization of year-end financial statements.
    • Maintaining accounting systems, financial statements, and ensuring accuracy and conformance to standards.
    • Preparing and maintaining stock records, conducting stock verification and reconciliation.
    • Reporting on company performance, scrutinizing accounting processes and operational divisions.
    • Handling working capital management, ratio analysis, and cash flow analysis.
    • Monthly ledger scrutiny of all accounts.
    • Ensuring insurance policy renewals and claims processing.
    • Sales accounting and accounts receivable.
    • Reconciling various accounts, including receivables, payables, and intercompany transactions.
    • Capital asset management and fixed asset register maintenance.
    • Proper accounting treatments and document filing supervision.
  • Budgetary Control:
    • Formulating budgets, conducting variance analysis, and implementing corrective measures.
    • Initiating productivity, cost efficiency, inventory utilization, yield improvements, and OE enhancements.
    • Preparing product costing and tracking purchase price and usage variances.
    • Improving overall plant operations by working closely with Plant heads.
    • Budgeting involves capex budget, revenue budget, opex budget, volume budget, yield budget, sales forecast, and cost allocation.
    • Cost control and commercial activity involvement.
    • Controlling capital budgeting and capex activities.
  • Taxation:
    • Ensuring proper documentation for service tax, sales tax, export/import, TDS/TCS, and GST.
    • Filing tax returns and making payments on time under GST, excise, vat/sales tax, service tax, customs, TDS/TCS.
    • Supervising online GST reconciliations, RG23A, RG23C, Form IV, and RG I register for excise purposes.
    • Arranging refund claims and rebate applications.
    • Attending sales tax assessments, Commissioner of Excise notices, and services tax representations.
  • Others:
    • Support payroll processing, Full & Final Settlement computation, PF, ESI, and PT computation and payment.
    • Providing training for new hires on project processes.

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