Manager / Senior Manager (Accounts Department)

3 days ago

Mumbai, Maharashtra, India Saraswat Bank Full time ₹ 1,20,000 - ₹ 2,40,000 per year

Job Title: Accounts Manager

Department: Accounts Department

Designation: Mid - Senior Level Position

Location: Mumbai

Job Responsibilities:

Accounting & Finalization:

  • Lead the finalization of financial statements in compliance with statutory requirements
  • Manage month-end, quarter-end, and year-end closing activities, ensuring accuracy and timeliness
  • Review and reconcile parking accounts.
  • Supervise GL fixed assets, and inventory accounting, ensuring proper controls and reconciliations
  • Coordinate with statutory and internal auditors for audits, ensuring compliance and timely closure
  • Perform Bank Reconciliations and Vender Reconciliations regularly

Financial Reporting & MIS:

  • Prepare and present MIS reports, P&L statements, and balance sheet analysis at business unit levels
  • Consolidate financial data for management review, highlighting performance trends and variances
  • Conduct variance analysis (Actuals vs. Budget / Forecast) with commentary on key drivers
  • Support management in board, audit committee, and presentations.

Budgeting, Planning & Analysis:

  • Support the annual budgeting and forecasting process in collaboration with business units
  • Monitor financial KPIs, working capital, and cost structures, providing insights for efficiency improvement
  • Assist in financial planning and decision-making through profitability, cost, and cash flow analysis

Compliance & Controls:

  • Ensure compliance with local accounting standards, taxation, and regulatory requirements
  • Strengthen internal controls and accounting policies to ensure accuracy and mitigate risks
  • Liaise with tax advisors, external auditors, and regulatory authorities as required

Team Leadership & Stakeholder Management:

  • Supervise and mentor accounting staff, ensuring effective performance and professional development
  • Collaborate with cross-functional teams across global offices for smooth consolidation and reporting
  • Act as a key liaison between finance and management for financial insights and recommendation

Statutory Compliance

  • Handle TDS, GST, and other statutory payments, including reconciliations.
  • Assist with timely filing of returns and coordinate with consultants for statutory obligations.

Qualifications:

  • Qualified Chartered Accountant with relevant experience of minimum 5-8 years. (Preferred Banking Industry)
  • Good knowledge of Indian statutory laws (TDS, GST, PF, ESIC, Companies Act, Banking Regulations Act)

Skills:

  • Accounting & Finalization
  • Financial Reporting & MIS
  • Budgeting, Planning & Analysis
  • Team Leadership & Audit Management

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