Finance Account Specialist

2 weeks ago

Gandhinagar, Gujarat, India SLTL Group - Medical Division Full time ₹ 8,00,000 - ₹ 12,00,000 per year

Job Summary:

The Finance Executive will be responsible for managing financial transactions, budgeting, reporting, and ensuring compliance with industry regulations. This role requires strong analytical skills and a deep understanding of financial principles, taxation, and cost control within the medical device manufacturing sector.

Key Responsibilities:

1. Financial Management & Reporting

  • Prepare and analyze financial statements, including profit & loss, balance sheets, and cash flow reports.
  • Ensure accurate and timely financial reporting as per company policies and regulatory requirements.
  • Assist in financial planning, budgeting, and forecasting.
  • Monitor and control costs to ensure budget adherence.

2. Accounts Payable & Receivable

  • Oversee accounts payable and receivable functions, ensuring timely payments and collections.
  • Reconcile vendor accounts and customer payments.
  • Manage invoice processing, credit control, and aging analysis.

3. Taxation & Compliance

  • Ensure compliance with local tax regulations (GST, Income Tax, TDS, etc.).
  • Prepare and submit tax returns and statutory filings.
  • Liaise with auditors, tax consultants, and regulatory authorities.
  • Stay updated on changes in financial laws and healthcare industry regulations.

4. Costing & Inventory Management

  • Monitor manufacturing costs and analyze cost variations.
  • Implement cost-saving initiatives and efficiency improvement measures.
  • Coordinate with supply chain and production teams for inventory valuation.

5. Banking & Treasury Operations

  • Manage cash flow and optimize working capital.
  • Handle bank transactions, including payments, reconciliations, and loan management.
  • Assist in financial negotiations with banks and financial institutions.

6. Audit & Internal Controls

  • Assist in internal and external audits by providing necessary documentation and reports.
  • Strengthen internal financial controls and ensure adherence to company policies.

7. ERP & Financial Systems Management

  • Work with ERP systems for financial data entry and reporting.
  • Ensure data accuracy and system efficiency.

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