Accounts Head

2 days ago

Mumbai, Maharashtra, India SRD Logisitcs Full time ₹ 20,00,000 - ₹ 25,00,000 per year

Key Responsibilities

1. Financial Management & Reporting:

  • Manage all day-to-day accounting: bookkeeping, payments to vendors, customer invoicing, payroll, and tracking company assets.
  • Prepare accurate monthly profit & loss, balance sheet, and cash flow statements on time.
  • Work closely with our external Chartered Accountant (CA) to complete the annual audit smoothly.
  • Create and enforce strong internal controls to protect company money and assets.

2. Cost & Management Accounting (Factory Focus):

  • Track and calculate all factory costs: raw materials, production overheads, and labour.
  • Determine the accurate cost of making each product and analyse any variances.
  • Investigate differences between expected and actual production costs.
  • Partner with the production and supply chain teams to find ways to reduce costs and improve profitability.

3. Distribution & Retail Finance:

  • Take full responsibility for the accuracy and timeliness of all customer invoicing.
  • Manage financial dealings with distributors, including special pricing, rebates, and consignment stock.
  • Handle all finance operations for franchise stores: tracking fees, royalties, and reconciling their inventory.
  • Track key performance numbers for sales channels, like how fast inventory sells and which channel is most profitable.
  • Coordinate with sales and franchise teams to ensure correct billing and collection of payments.
  • Plan and execute regular stock audits at our Dubai (DXB) and India retail stores to ensure inventory accuracy.

4. Treasury & Cash Flow Management:

  • Monitor daily cash position and prepare weekly/monthly cash flow forecasts to ensure we can meet our obligations.
  • Improve working capital by efficiently managing inventory, collecting payments from debtors, and managing payments to creditors.
  • Handle banking relationships and manage foreign currency requirements for importing materials.

5. Taxation & Compliance:

  • Ensure the company follows all tax laws (GST, Income Tax, TDS).
  • Prepare and file timely GST returns for our manufacturing and retail activities.
  • Handle tax assessments and be the main contact for any communication with tax authorities.

6. Salary and Expenses disbursement Incentive calculation

7. Team Leadership & Development:

  • Lead and mentor the accounts team, including assistants and executives.
  • Assign tasks clearly and ensure the team is productive and works towards company goals.
  • Promote a culture of learning and efficiency within the department.

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