Accounts Manager

Job Profile :

Finance & Risk Management.

1. Plan and control financial resources to streamline business activities, set business targets and SOP's in MD's Secretariat.

2. Cash and fund management using leverage

3. Review / Monitor daily profitability statement, Cost w.r.t budget, timely Bill passing and payments, insurance coverage & claims, Business proposals

4. Risk Management for Forex and Materials including fuel

5. Verify Bank Reconciliation, P / R conciliation, Ledger Entries and P & L statements of Indian and UEA units of the group.

6. Exercise control over fixed assets accounting & capex

Financial Analysis & Reporting

1. Ensure preparation timely preparation and submission of MIS to management.

2. Proper Analysis of performance of Company operations marketing and ensure proper decision in time.

Planning, Budgeting and Target Setting

1. prepare and control annual budgets & target to optimize unit profitability

2. Analysis of previous year performance

3. Finalize budget for upcoming year

4. Monitor & review actual v / s budget and take corrective actions

Working Capital Management

1. Plan & ensure effective utilization of funds to maintain working capital at optimum level

2. Set target for various component of working capital

3. Age analysis of debtors & stocks and follow up for non-moving assets

4. To keep cost of capital at low level

Finance accounting and balance sheet

1. Ensure development and implementation of all accounting systems in plant to bring financial discipline and cost control

2. Ensure conformance to accounting standards and compliance with internal & external audit requirement

3. Implement CFD / group accounting guideline

Managing / Monitoring SCM

1. Ensure procurement of raw materials in time to avoid inventory cost and monitor inventory level and take corrective actions.

2. Managing SCM in least cost and duty

3. Vendor development / evaluation / negotiation of contract

4. Monitor & control store expense and proper warehousing of stores and raw material

Cost Management

1. Cost Control & computation as per cost audit requirement

2. Cost analysis actual v / s standard and plan corrective actions

Corporate Governance

1. Ensure company conforms to all statutory requirement in time to avoid legal complications

2. Ensure timely submissions of returns

3. Ensure maintenance of documents as per law

4. Handles excise & commercial legal cases

5. Compliance of all license and legal requirement

6. Liaison & Coordination for effective networking with internal functions within this unit and external bodies and Govt officials to achieve smooth financial & commercial functioning

7. Attend meeting of all business associates

8. Liaise & coordinate with corporate offices

9. Liaise & coordinate with Tax consultants, auditors, legal counsels, banks, insurance companies, govt. officials, inspectors, trade association and major vendor / customers.

1. Strong ability to assist business head in formulation and implementation of business strategies in Complex & Typical process of Composite Textile Mill.

2. Able to manage team to provide insight into the financial health of the business, monitor, control and takes corrective actions.

3. Should operate as a stringent financial management regime under the corporate governess code subject to security by different level of audits and compliances.

4. Faces several fund & cash flow problems due to peculiar industry culture (critical outstanding, bankruptcy) and practically no finance support from HO.

5. Extreme competitive environment put demands of highest level of customer service (finance related).

Education

Master OF Business Administration (M.B.A)

Skills Required

Finance, Taxation, Accounts, Financial Analyst, Financial Planning And Budget Management, Capex, Opex, Mis, Budgetary Control Reports, Internal Auditor