Accounts And Finance Manager

JOB TITLE: Finance cum Accounts Manager

Industry: Retail & Distribution

Location: Bangalore

Employment Type: Full-time

Department: Finance & Accounts

Reporting To: CFO / Director Finance / Managing Director

Experience Required: 58 Years

Job Summary

We are looking for an experienced Finance cum Accounts Manager to lead the end-to-end finance and accounting operations of our retail and distribution business.

The candidate will be responsible for financial reporting, statutory compliance, GST and taxation, working capital management, budgeting, audits, MIS reporting, banking operations, and internal financial controls.

The ideal candidate should have strong expertise in Indian accounting and taxation laws, experience managing multi-location accounts, and the ability to develop financial processes that support business growth.

Key Responsibilities

1. Accounting & Financial Reporting

• Manage day-to-day accounting operations, including sales, purchases, expenses, journal entries and bank reconciliations.
• Maintain accurate books of accounts as per applicable Indian Accounting Standards and the Companies Act, 2013.
• Manage month-end and year-end financial closures.
• Prepare and finalize Trial Balance, Profit & Loss Statements and Balance Sheets.
• Oversee inventory accounting, fixed assets and depreciation.
• Manage inter-branch and inter-warehouse reconciliations.

2. Statutory & Regulatory Compliance

• Ensure timely GST filings, including GSTR-1, GSTR-3B and annual returns.
• Handle GST reconciliations, ITC management, e-invoicing and e-way bills.
• Manage TDS, TCS, advance tax payments and Income Tax returns.
• Handle ROC filings and applicable Companies Act compliances.
• Ensure compliance with EPF, ESI, Professional Tax, Labour Welfare Fund and other applicable labour laws.
• Manage MSME compliance and vendor payment requirements.
• Handle FEMA, RBI and customs-related compliance wherever applicable.
• Ensure applicable state-level business and operational statutory compliances.
• Independently coordinate and respond to statutory and tax notices.

3. MIS & Management Reporting

• Develop and maintain daily, weekly, monthly and annual MIS reports.
• Prepare store-wise, SKU-wise, category-wise and channel-wise sales reports.
• Monitor gross margins, contribution margins, EBITDA and operating expenses.
• Track inventory ageing, slow-moving stock and stock turnover.
• Prepare debtor and creditor ageing reports.
• Monitor working capital and cash flow.
• Prepare budget versus actual reports and variance analysis.
• Develop financial dashboards using Power BI, Tableau or Zoho Analytics.

4. Working Capital, Treasury & Banking

• Manage cash flow forecasting and working capital requirements.
• Monitor receivables, collections and distributor/dealer credit limits.
• Oversee vendor payments and payable management.
• Coordinate with banks for CC/OD limits, stock statements and drawing power.
• Manage banking relationships, fund transfers and financial documentation.
• Handle bank guarantees and letters of credit wherever applicable.

5. Budgeting & Business Finance

• Lead annual budgeting across stores, warehouses and corporate functions.
• Work with sales, procurement and operations teams to monitor financial performance.
• Analyse margins, discounts, schemes and trade promotion expenses.
• Provide financial inputs for new store openings and business expansion.
• Support management in pricing, cost optimisation and commercial decision-making.

6. Audit & Internal Controls

• Coordinate statutory, internal, tax, GST and bank audits.
• Develop and implement financial SOPs and internal control systems.
• Establish controls for cash handling, inventory, vendor onboarding and reconciliations.
• Ensure proper documentation and audit readiness.
• Identify financial risks and recommend process improvements.

7. Team Management

• Lead and supervise the accounts and finance team.
• Allocate responsibilities and monitor team performance.
• Train and mentor junior accountants and accounts executives.
• Ensure timely completion of accounting and compliance activities.

Required Qualifications

• CA / CMA / MBA in Finance. CA preferred.
• Inter-CA candidates with strong relevant retail experience may also be considered.
• 58 years of relevant professional experience.
• Minimum 4 years of experience in retail, FMCG distribution, trading or multi-location businesses.
• Strong knowledge of Indian accounting standards, GST, TDS, Income Tax and Companies Act.
• Experience managing accounts across multiple branches, stores or warehouses.

Technical Skills Required

• Tally Prime
• SAP Business One / Oracle NetSuite / MS Dynamics
• Advanced MS Excel
• Pivot Tables, VLOOKUP / XLOOKUP and Power Query
• Power BI / Tableau / Zoho Analytics
• GST and TDS compliance
• Financial reporting and MIS preparation
• Budgeting and financial forecasting

Required Skills & Competencies

• Strong financial and accounting knowledge.
• Excellent analytical and numerical skills.
• Strong understanding of taxation and statutory compliance.
• Ability to independently manage financial operations.
• Experience in developing MIS reports and financial dashboards.
• Strong leadership and team management skills.
• Good communication and coordination skills.
• High attention to detail, integrity and confidentiality.

Preferred Industry Experience

Retail, FMCG, Distribution, Wholesale Trading, Consumer Goods and Multi-location Business Operations.