Role Summary The Accounts Manager is responsible for the day-to-day financial management, accounting accuracy, and regulatory compliance of chit fund operations at the branch/regional level. The role owns subscriber ledgers, chit group accounting, collections reconciliation, prize money and dividend disbursement, statutory filings, and audit readiness, working closely with branch sales teams, operations, and the central finance function to ensure sound financial control and compliance with chit fund regulations.

Key Responsibilities

Accounting & Financial Control

- Maintain accurate books of accounts for the branch/region in line with company accounting policies and applicable accounting standards.
- Oversee subscriber-wise and chit group-wise ledgers, ensuring accurate recording of installments, dues, and defaults.
- Manage day-to-day cash and bank transactions, petty cash, and branch expense accounting.
- Prepare and review monthly trial balance, P&L;, and balance sheet inputs for the branch/region.
- Ensure timely bank reconciliation, ledger scrutiny, and resolution of accounting discrepancies.

Chit Fund Operations Accounting

- Ensure accurate computation and disbursement of prize money, dividends, and foreman's commission as per chit group terms and regulatory norms.
- Track subscriber collections against due dates and coordinate with sales/collections teams on overdue accounts.
- Maintain auction records, chit group ledgers, and subscriber pass books in compliance with the Chit Funds Act.
- Support group formation and closure processes with accurate financial documentation.





Compliance & Statutory Reporting

- Ensure compliance with Chit Funds Act, 1982, and applicable state chit fund rules, including statutory deposits and registrar filings.
- Prepare and file periodic statutory returns, TDS, GST, and other tax-related filings in coordination with the central finance/compliance team.
- Maintain documentation and records required for regulatory inspections and registrar audits.
- Support internal and statutory audits by providing accurate records, schedules, and clarifications.

MIS, Reporting & Coordination

- Prepare periodic branch-level financial MIS, collection reports, and variance analysis for management review.
- Coordinate with the central finance team on fund flow, budgeting, and expense approvals.
- Liaise with branch sales and operations teams to ensure financial data integrity across subscriber and group records.
- Flag financial irregularities, delayed collections, or control gaps to the Branch Manager and central finance team.

People & Process

- Supervise branch accounts/cashier staff, ensuring adherence to accounting processes and internal controls.
- Support the rollout and adoption of accounting/ERP systems and process improvements at the branch level.




- Train branch staff on accounting procedures, documentation standards, and compliance requirements.

Key Result Areas (KRAs)

- Accuracy and timeliness of branch accounts, reconciliations, and MIS reporting
- Timely and error-free statutory filings and regulatory compliance
- Collection efficiency and control over subscriber dues/defaults
- Audit readiness and closure of audit observations within timelines
- Accuracy of prize money/dividend disbursement and chit group accounting

Candidate Requirements Experience & Qualifications

- 5–10 years of experience in accounts/finance roles, preferably within chit funds, NBFCs, or BFSI organizations.
- Bachelor's degree in Commerce, Accounting, or Finance; a professional qualification such as CA (Inter), CMA, or M.Com is an advantage.
- Working knowledge of the Chit Funds Act, 1982 and related state regulations preferred.
- Proficiency in accounting software/ERP systems, Tally, and MS Excel.

Skills & Attributes

- Robust attention to detail and accuracy in financial record-keeping.
- Sound knowledge of accounting principles, TDS/GST compliance, and statutory reporting.
- Good coordination and communication skills to work across sales, operations, and central finance teams.
- High integrity and a compliance-first mindset, given the trust-based, regulated nature of chit fund business.
- Ability to manage branch-level teams and work to reporting deadlines.

Pay: ₹30,000.00 - ₹45,000.00 per month

Work Location: In person

📌 Senior Accounts Manager (Coimbatore)
🏢 Vanmoh Chit Funds Private Limited, Singanallur
📍 Coimbatore