GM - Finance & Account

Job Responsibilities

1. Financial Accounting

• Ensure maintenance of books of accounts in accordance with the Companies Act, Accounting Standards/Ind AS, and applicable laws.
• Finalization of monthly, quarterly, and annual financial statements.
• Ensure timely closure of books.
• Review journal entries, provisions, depreciation, and adjustments.
• Monitor General Ledger and Trial Balance.
• Review reconciliation of all balance sheet accounts.

2. Financial Reporting & MIS

• Preparation of

• o Monthly MIS
• o Profit & Loss Statement
• o Balance Sheet
• o Cash Flow Statement
• o Fund Flow Statement
• o Segment-wise profitability
• o Cost Analysis
• o Variance Analysis

• Present financial reports to CFO/Management and Board.
• Develop dashboards for financial performance monitoring.

3. Budgeting & Financial Planning

• Preparation of Annual Budget.
• Preparation of Business Plan.
• Rolling Forecasts.
• Department-wise Budget Monitoring.
• Capex Budget Review.
• Working Capital Planning.
• Cost control initiatives.

4. Treasury Management

• Working Capital Management.
• Cash Flow Forecasting.
• Fund Planning.
• Banking Operations.
• Loan Management.
• Credit Facility Management.
• LC/BG Management.
• Interest Cost Optimization.

5. Taxation

Direct Tax

• Income Tax Compliance.
• Advance Tax Computation.
• TDS Compliance.
• Tax Audit.
• Transfer pricing coordination.
• Assessment Proceedings.
• Appeal Matters.
• Tax Planning.

Indirect Tax

• GST Compliance.
• GST Returns.
• GST Audit.
• Input Tax Credit Review.
• GST Assessments.
• E-way Bill Compliance.
• Customs & Import Compliance (where applicable).

6. Statutory Compliance

Ensure compliance with

• Companies Act
• Income Tax Act
• GST Laws
• FEMA
• RBI Guidelines
• MSME Act
• Accounting Standards/Ind AS
• Secretarial Requirements (financial matters)

7. Audit Management

Coordinate and manage

• Statutory Audit
• Internal Audit
• Tax Audit
• GST Audit
• Cost Audit
• Bank Audit
• Stock Audit
• Due Diligence Audit
• Government Audit

Ensure timely closure of audit observations.

8. Internal Financial Controls (IFC)

• Design Internal Financial Controls.
• Implement Risk Control Matrix (RCM).
• SOP Development.
• Financial Risk Assessment.
• Compliance Monitoring.
• Fraud Prevention Framework.
• Process Improvements.
• Control Testing.

9. Accounts Payable & Receivable

Supervise

• Vendor Payments
• Customer Collections
• Credit Control
• Aging Analysis
• Vendor Reconciliation
• Customer Reconciliation
• Debit/Credit Notes
• Payment Scheduling

10. Fixed Asset Management

• Capitalization.
• Asset Register Maintenance.
• Physical Verification.
• Depreciation Review.
• Asset Disposal Accounting.
• CWIP Monitoring.

11. Inventory Accounting

• Inventory Valuation.
• Stock Reconciliation.
• Slow-moving Inventory Review.
• Provision Analysis.
• Physical Stock Verification.
• Costing Review.

12. Cost Management

• Service Costing.
• Cost Analysis.
• Margin Analysis.
• Cost Reduction Initiatives.
• Process Costing.
• Budgetary Cost Control.

13. Banking & Finance

• Relationship Management with Banks.
• Working Capital Assessment.
• Project Finance.
• Loan Documentation.
• Consortium Banking.
• CMA Data Preparation.
• Credit Rating Coordination.

14. Secretarial & Corporate Support

Provide financial support for

• Board Meetings
• Audit Committee
• Shareholder Meetings
• Financial Notes
• Related Party Transactions

15. Business Strategy Support

• Financial Feasibility Studies.
• Project Evaluation.
• Business Expansion Evaluation.
• Valuation Coordination.

16. ERP & Digital Finance

• Review and improvement suggestion BC 365.
• Process Automation.
• Digital Payment Controls.
• Data Analytics.
• Dashboard Development.

17. Team Management

• Lead Finance & Accounts Team.
• Performance Evaluation.
• Training & Development.
• Work Allocation.
• Succession Planning.
• Team Motivation.

18. Policy & SOP Development

Develop and periodically review

• Accounting Manual
• Delegation of Authority (DOA)
• Finance SOPs
• Procurement Controls
• Payment Policies
• Credit Policy
• Expense Policy

19. Risk Management

• Financial Risk Assessment.
• Credit Risk.
• Liquidity Risk.
• Compliance Risk.
• Internal Control Review.
• Insurance Coordination.

20. Liaison & Coordination

Coordinate with

• Statutory Auditors
• Internal Auditors
• Tax Consultants
• Company Secretary
• Banks
• Financial Institutions
• Government Authorities
• GST Department
• Income Tax Department
• ROC
• Vendors
• Customers

Key Performance Indicators (KPIs)

• Timely finalization of monthly and annual accounts.
• Accuracy of financial statements.
• Zero major statutory non-compliance.
• Timely filing of GST, TDS, income tax, and ROC returns.
• Effective cash flow and working capital management.
• Budget adherence and cost optimization.
• Closure of audit observations within agreed timelines.
• Reduction in receivable aging and improvement in collections.
• Timely completion of statutory and internal audits.
• Strengthening of internal financial controls and SOP compliance.
• Effective ERP utilization and process automation.
• Team productivity and development.

Experience

15-20 years of experience.

Qualifications

Chartered Accountant