Assistant Manager

: Assistant Manager – Finance & Accounts

Company: TajSATS Air Catering Ltd.

Location: Mumbai

Level: Assistant Manager

Reporting to: Financial Controller

Core Responsibilities

1. Financial Accounting & Reporting

• Finalization of monthly, quarterly, and annual financial statements in compliance with Ind AS and Companies Act.
• Preparation of Balance Sheet, Profit & Loss Account, and Cash Flow Statements.
• Ensuring timely book closure, reconciliations, provisions, and accrual accounting.
• Monitoring revenue recognition, expense control, and fixed asset accounting.

2. Audit & Internal Controls

• Coordinating statutory, internal, tax, and forensic audits (as applicable).
• Ensuring audit readiness and timely resolution of audit observations.
• Strengthening internal control systems and compliance mechanisms.
• Reviewing inventory, stock verification, and cost controls.

3. Taxation & Regulatory Compliance

• Managing GST compliance including return filing and reconciliations.
• Overseeing TDS, advance tax computation, and Income Tax return filings.
• Ensuring compliance with Companies Act, Income Tax Act, GST Act, and applicable labour laws.
• Liaising with statutory authorities as required.

4. MIS & Financial Analysis

• Preparation of monthly MIS reports and variance analysis (Budget vs Actual).
• Conducting cost analysis related to raw materials, wastage, labour, and production.
• Developing financial dashboards and performance insights for management.
• Identifying cost optimization and profitability improvement opportunities.

5. Budgeting & Financial Planning

• Supporting annual budgeting and financial forecasting processes.
• Monitoring budget utilization and expenditure control.
• Assisting in pricing strategy and cost planning initiatives.

6. Payroll & Labour Compliance

• Overseeing payroll accounting and reconciliation.
• Ensuring compliance with PF, ESIC, Professional Tax, and labour regulations.
• Coordinating with HR for salary structuring and statutory compliance.

7. ERP & Systems Management

• Working on ERP platforms (SAP/Oracle) and ensuring data integrity.
• Driving process automation and improving reporting efficiency.
• Utilizing advanced Excel for financial modeling and analysis.

8. Risk Management & Advisory

• Identifying financial risks and recommending mitigation measures.
• Supporting management with strategic financial inputs.
• Monitoring working capital, cash flow, and contract financial evaluation.

Key Competencies

• Strong knowledge of Ind AS, GST, and Tax Audit.
• Analytical mindset with strong financial acumen.
• High attention to detail and compliance orientation.
• Effective communication skills to interact with operational and corporate stakeholders.
• Ability to work in a fast-paced, factory-driven environment.

Key Requirements & Skills:

• Technical Knowledge: Strong foundation in Ind AS, GST, and Tax Audit.
• ERP Proficiency: Hands-on experience or quick adaptability to ERP systems (like SAP or Oracle) and advanced MS Excel.
• Analytical Mindset: Ability to translate factory floor data into financial insights.

Education:

• Chartered Accountant (Qualified)
• MBA in Finance