Accounts Head

3 days ago

Bhiwandi, Maharashtra, India Western Auto Spares & Services Co. Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Company Name Western Auto (Sister concern of Vashi Integrated Solution Ltd)

Job Title: Head Accounts & Finance

Department Accounts & Finance

Location Bhiwandi, Thane, Mumbai.

Reporting to Managing Director

Business Vertical Maruti Spare Parts Division

Job Purpose: To lead and manage the Accounts & Finance function for the Maruti Spare Parts business at Western Auto. The role requires strategic financial planning, budgeting, cost control, working capital management, and statutory compliance to support sustainable business growth and profitability.

Key Responsibilities:

1. Financial Planning & Strategy


• Develop and implement financial strategies aligned with business goals.


• Prepare annual budgets, forecasts, and business plans.


• Monitor business performance against budgets and take corrective actions.

2. Accounting & Reporting


• Oversee day-to-day accounting operations including accounts payable/receivable, general ledger, and bank reconciliations.


• Ensure timely closure of monthly, quarterly, and annual financial statements.


• Prepare MIS reports, financial dashboards, and profitability analysis for management.

3. Inventory & Cost Control


• Monitor and optimize spare parts inventory valuation and turnover.


• Implement cost control mechanisms and improve operational efficiencies.


• Coordinate with the supply chain and warehouse teams for inventory accuracy.

4. Taxation & Compliance


• Ensure compliance with all statutory requirements GST, TDS, Income Tax, etc.


• Liaise with auditors, consultants, and regulatory authorities as needed.


• Handle internal and statutory audits efficiently.

5. Cash Flow & Working Capital Management


• Monitor and manage daily cash flow and fund flow.


• Optimize working capital through effective receivables and payables management.


• Handle banking relationships and ensure smooth fund operations.

6. ERP & Systems Implementation


• Work with the IT/ERP team to ensure accounting processes are streamlined via ERP systems (Tally/Oracle/SAP/others).


• Ensure data integrity and accurate financial reporting from systems.

7. Team Management


• Lead, train, and mentor the finance and accounts team.


• Ensure a culture of accountability, ownership, and continuous improvement.

Key Requirements:


• Education: CA / CMA / MBA/ Graduate (Finance)


• Experience: 7–15 years of experience in finance and accounts, preferably in automotive spare parts or a trading/distribution business.


• Industry Preference: Auto parts, automobile dealership, or similar industries with inventory-led operations.

Skills:


• Strong analytical and problem-solving skills.


• Sound knowledge of taxation, accounting standards, and compliance.


• Excellent leadership and communication abilities.


• Proficiency in ERP software and advanced Excel.

Key Performance Indicators (KPIs):


• Budget adherence and variance control


• Inventory turnover ratio


• Timely financial reporting


• Audit compliance score


• Reduction in receivables aging


• Cost savings and process improvements

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