Financial Manager

1 day ago

Meerut, Uttar Pradesh, India beBeeFinancialManagement Full time ₹ 1,50,00,000 - ₹ 2,00,00,000
Financial Management Role

This is a pivotal position in maintaining the financial health of an organization. The role involves overseeing various financial activities, ensuring accurate recording of transactions, and providing strategic financial insights to support decision-making.

The ideal candidate will have strong knowledge of accounting principles, financial reporting standards, and taxation. They will be responsible for managing budgets, analyzing financial data, and coordinating with internal and external auditors.

Main Responsibilities:
  • Prepare and review financial statements, including balance sheets, income statements, and cash flow statements.
  • Ensure compliance with accounting standards, regulatory requirements, and company policies.
  • Analyze financial data to identify trends, discrepancies, and opportunities for improvement.
Budgeting and Forecasting:
  • Collaborate with other departments to create and manage budgets for different projects or operational areas.
  • Monitor budget performance and variances, providing insights and recommendations for corrective actions.
  • Develop accurate financial forecasts to support strategic planning.
General Accounting:
  • Oversee day-to-day accounting operations, including accounts payable, accounts receivable, and general ledger activities.
  • Reconcile financial records and resolve discrepancies promptly.
  • Maintain accurate and up-to-date financial records.
Financial Analysis:
  • Conduct thorough financial analysis to support decision-making and long-term planning.
  • Provide insights on financial performance, cost control, and revenue enhancement opportunities.
  • Assist in evaluating investment opportunities and business expansion strategies.
Team Management:
  • Lead and mentor a team of accountants, ensuring their professional growth and development.
  • Delegate tasks effectively, set performance goals, and conduct regular performance reviews.
Auditing and Compliance:
  • Coordinate with internal and external auditors during audits and reviews.
  • Ensure compliance with tax regulations, financial reporting standards, and other relevant laws.
Cash Management:
  • Monitor cash flows and liquidity, optimizing working capital management.
  • Implement strategies to manage accounts payable and accounts receivable efficiently.
Relationship Management:
  • Collaborate with banks, financial institutions, and vendors to maintain strong working relationships.
  • Engage with cross-functional teams to provide financial insights and support for decision-making.
Software and Technology:
  • Utilize accounting software and financial management tools to streamline processes and enhance accuracy.
  • Stay updated with advancements in financial technology and suggest relevant improvements.
Requirements and Qualifications:
  • Bachelor's degree in Accounting, Finance, or a related field (Master's degree or professional certifications like CPA, CMA, ACCA can be advantageous).
  • Proven work experience as an Accounts Manager or in a similar financial management role.
  • Strong knowledge of accounting principles, financial reporting standards, and taxation.
  • Proficiency in using accounting software and financial management tools.
  • Excellent analytical skills and attention to detail.
  • Effective communication and interpersonal abilities.
  • Leadership and team management skills.
  • Problem-solving aptitude and strategic thinking.
  • Ability to work under pressure and meet tight deadlines.

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