The Senior Manager – Finance & Accounts will be responsible for managing the day-to-day finance and accounting function, ensuring strong financial controls, accurate and timely reporting, statutory compliance, effective working capital management, and disciplined financial processes.

The role requires a hands-on finance professional and solid people manager who takes ownership, anticipates issues before they escalate, and remains calm and solution-oriented while handling financial, operational, compliance, or business-critical situations.

Key Responsibilities

1. Financial Accounting & Reporting

- Lead monthly, quarterly, and annual closure of accounts.
- Ensure accuracy and integrity of the General Ledger, Trial Balance, Profit & Loss Account, Balance Sheet and Cash Flow Statement.
- Review reconciliations, provisions, accruals, fixed assets and other accounting schedules.
- Ensure timely preparation of monthly MIS and management reports.
- Analyze actual performance against budgets, forecasts and previous periods.
- Identify unusual trends, variances and financial risks and initiate corrective action.

2. Working Capital & Cash Flow Management

- Closely monitor receivables, payables and inventory from a working-capital perspective.
- Prepare and monitor short-term and medium-term cash-flow forecasts.
- Work with Sales, Purchase, Stores and Operations to improve collections, inventory utilization and payment planning.
- Ensure optimal utilization of available funds and banking limits.
- Proactively flag potential cash-flow constraints and recommend appropriate action.

3. Budgeting & Financial Planning

- Coordinate preparation of annual budgets and periodic forecasts.
- Work with functional heads to develop realistic operating and capital expenditure budgets.
- Monitor budget utilization and investigate significant deviations.




- Support management with financial analysis for business decisions.

4. Costing & Manufacturing Finance

- Monitor product costs, material consumption, overheads and manufacturing expenses.
- Review inventory valuation, slow/non-moving inventory and provisions.
- Analyze gross margins and product/customer profitability.
- Work closely with Production, Purchase, Stores, Sales and R&D; to identify opportunities for cost optimization and margin improvement.

5. Taxation & Statutory Compliance

- Ensure timely and accurate compliance with GST, TDS, Income Tax and other applicable statutory requirements.
- Coordinate tax assessments, notices and submissions with consultants.
- Maintain appropriate documentation and compliance calendars.
- Keep abreast of regulatory changes affecting the organisation.

6. Audit & Internal Controls

- Coordinate statutory, internal, tax and other audits.
- Ensure timely closure of audit observations.
- Strengthen financial SOPs, maker-checker controls and approval processes.
- Identify control gaps and implement preventive and corrective measures.
- Promote a strong culture of financial discipline and accountability.

7. Banking & Treasury

- Manage routine banking relationships and documentation.
- Monitor working-capital facilities, bank guarantees, letters of credit and other banking instruments.
- Ensure timely renewals and compliance with banking requirements.




- Monitor surplus funds and support management in treasury decisions in accordance with approved policies.

8. ERP & Process Improvement

- Ensure financial transactions are accurately captured through the ERP.
- Improve integration between Finance, Purchase, Inventory, Production, Sales and Dispatch processes.
- Identify opportunities for automation and reduction of manual processes.
- Strengthen data quality and management reporting.

9. Team Leadership

- Lead, mentor and develop the Finance & Accounts team.
- Clearly define responsibilities, timelines and accountability.
- Review team performance and build capabilities within the department.
- Encourage team members to identify problems and propose solutions rather than merely escalate issues.
- Build adequate backups for critical finance activities.

10. Crisis & Problem Management

The incumbent must demonstrate a strong ability to respond effectively to unexpected situations, including:

- Cash-flow pressures
- Delayed customer collections
- Banking or funding issues
- Statutory notices or compliance concerns
- Audit observations
- ERP/accounting disruptions
- Major reconciliation discrepancies
- Urgent management information requirements

The role is expected to assess the situation quickly, establish facts, evaluate financial and compliance implications, develop solutions, escalate appropriately and drive issues through to closure.

Qualification

- Chartered Accountant (CA) preferred; or CMA / equivalent professional qualification with strong relevant experience.

Experience

- Approximately 10–15 years of relevant Finance & Accounts experience.
- At least 3–5 years in a managerial/team leadership role.
- Experience in a manufacturing or engineering organisation strongly preferred.

Pay: ₹1,500,000.00 - ₹2,000,000.00 per year

Work Location: In person

📌 Senior Manager - Finance & Accounts (India)
🏢 Elico
📍 India