Designation: Senior Manager Finance & Accounts

Department: Finance & Accounts

Industry: Manufacturing / Engineering

Qualification

- Chartered Accountant (CA) preferred; or CMA / equivalent skilled qualification with solid 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.

Role Purpose 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 strong 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 solid 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.

📌 Senior Manager Finance & Accounts (Hyderabad)
🏢 Elico HealthCare Services
📍 Hyderabad