Company Name - Magna Industry

Profile - Finance & Account Controller (Reporting Directly to CEO/ Founder)

Salary - 22000 to 25000 per month

Job Description -

1. Role Purpose

Magna Business Group is looking for an experienced and responsible Finance & Accounts Controller to take ownership of day-to-day finance and accounting operations.

The role will focus on financial control, accounting accuracy, receivables, payables, banking, taxation, cash-flow management, statutory compliance, MIS and management reporting.

This is a control-oriented role requiring strong ownership, confidentiality, discipline and close coordination with management, sales, procurement, operations and HR.

2. Key Responsibilities

• Finance & Accounting: Maintain accurate books of accounts; supervise sales, purchases, receipts, payments, expenses and journal entries; review ledgers and reconciliations; ensure timely monthly closing

• Receivables: Monitor customer outstanding and ageing; coordinate collections with sales; track payment commitments; highlight overdue and critical accounts; reconcile customer accounts.

• Payables: Maintain vendor ageing; verify invoices and approvals; prepare payment schedules; reconcile vendor accounts; coordinate with procurement and operations.

• Banking & Cash Flow: Manage banking activities; monitor balances and transactions; prepare fund-position and cash-flow reports; track PDCs, advances and payment obligations; complete bank reconciliations.

. GST, TDS & Compliance:



Ensure accurate GST/TDS accounting and timely compliance; coordinate with CA/tax consultants and auditors maintain statutorv documentation and close audit queries.

. MIS & Management Reporting: Prepare fund position, customer/vendor ageing, colection status, payment plan, sales/purchase summary, margin/profitability, expense, bank, GST/TDS and monthly financial reports.

• Internal Controls: Ensure payments follow approval processes; monitor advances and expenses; identify duplicate payments, billing errors, financial leakage and control gaps; maintain confidentiality.

• Cross-functional Coordination: Work closely with CEO/Management, Sales, Procurement, Operations/Dispatch, HR/Admin and external consultants.

3. Transition & Handover

As the role involves taking over the existing finance function, the selected candidate will be expected to conduct a structured takeover and reconciliation of all critical financial processes and records.

• Bank accounts and reconciliations • Customer and vendor outstanding • GST/TDS records and pending compliance • Advances, PDCs, pending payments and collections • Accounting software/data and financial documents • Pending audit, tax and consultant matters • Existing MIS and reporting systems

Ensure no critical financial process remains dependent on one individual

4. Candidate Profile

• Experience: 4-6 years in Finance & Accounts





• Preferred background: B2B industrial trading, manufacturing, project supply, infrastructure or engineering-products businesses.

• Technical: Robust accounting fundamentals GST/TDS, banking, BRS, receivables/payables, cash flow, MIS, P&L;: understanding, Excel/Advanced Excel and accounting ERP/software,

• Education: B.Com/M.Com / MBA Finance / CA Inter or equivalent.

5. Key Competencies

• Strong ownership and financial discipline

• Integrity, confidentiality and attention to detail

• Analytical thinking and problem-solving

• Strong follow-up and communication skills

• Ability to work independently and under deadlines

• Ability to identify financial risks and control gaps

6. Key Performance Indicators (KPI/KRA,

• Accuracy and timely closing of accounts

• Customer collection and reduction in overdue receivables

• Vendor payment discipline and reconciliation accuracy

• Cash-flow forecasting and fund-position accuracy

• Timely GST/TDS/statutory compliance

• Timely and reliable management MIS • Reduction of accounting errors and financial leakage

• Effectiveness of internal financial controls

7. Role Expectation

The Finance & Accounts Controller is expected to function as a financial control partner to management--not merely as an accounting operator.

The person should clearly understand: what money is coming in, what is going out, what is due, what is overdue, what needs to be paid, what can be paid, what financial risk exists, and what management needs to know.

📌 Finance & Accounts Controller (Faridabad)
🏢 Magna Industry
📍 Faridabad