01 Oct
|
Namma TTK W holesale
|
Bengaluru
01 Oct
Namma TTK W holesale
Bengaluru
JOB DESCRIPTIONFINANCE MANAGER – FMCG SECTOR
Finance Manager
Industry
FMCG – Wholesale & Distribution
Location
Bangalore
Experience
5–8 Years
Minimum 3 years of relevant experience in FMCG / Wholesale / Distribution Finance
Qualification
- CA Inter / CMA / M.Com / MBA – Finance
- Bachelor's Degree in Commerce, Finance, or Accounting preferred
KEY RESPONSIBILITIES1. Financial Management
- Manage day-to-day financial operations of the company.
- Prepare and monitor budgets, cash flow, and financial forecasts.
- Monitor company expenses, income, receivables, and payables.
- Ensure proper utilization and control of working capital.
- Monitor branch-wise financial performance.
1. Accounting & Reporting
- Supervise daily accounting transactions and ensure accurate bookkeeping.
- Review sales, purchase, expenses, receipts, payments, and journal entries.
- Prepare monthly, quarterly, and annual financial reports.
- Prepare branch-wise and department-wise financial reports.
- Ensure timely closing of accounts.
1. FMCG Distribution Finance
- Monitor sales, purchase, inventory, margins, schemes, discounts, and credit sales.
- Track customer outstanding and ensure timely collection.
- Monitor distributor/retailer credit limits and payment terms.
- Analyze product-wise and branch-wise profitability.
- Monitor stock valuation and identify financial impact of slow-moving inventory.
- Coordinate with Sales, Purchase, Warehouse, and Operations teams.
1. Receivables & Payables
- Monitor customer outstanding and ageing reports.
- Follow up on overdue payments with the concerned departments.
- Verify supplier invoices and payment schedules.
- Maintain proper control over vendor payments.
- Monitor credit periods and ensure timely settlements.
1. GST, Tax & Statutory Compliance
- Ensure timely GST filing and reconciliation.
- Coordinate for TDS, PT, PF, ESI, and other applicable statutory compliances.
- Review tax calculations and statutory reports.
- Coordinate with auditors, consultants, and statutory authorities.
- Maintain proper documentation for audits and compliance.
1. Audit & Internal Controls
- Coordinate internal and statutory audits.
- Ensure proper financial controls and approval procedures.
- Identify financial risks, discrepancies, and control gaps.
- Implement measures to prevent errors, fraud, and financial leakage.
- Regularly review branch cash, bank, and expense records.
1. Cash & Bank Management
- Monitor daily cash collection and cash closing.
- Verify bank transactions and bank reconciliations.
- Monitor branch cash balances and deposits.
- Ensure proper documentation and authorization of financial transactions.
- Prepare daily/weekly cash flow requirements.
1. MIS & Management Reporting
- Prepare Daily / Weekly / Monthly MIS reports for management.
- Provide reports on:
- Sales & Collection
- Outstanding & Ageing
- Gross Margin
- Expenses
- Branch Performance
- Cash Flow
- Inventory Value
- Payables
- Profitability
- Provide financial analysis and recommendations to management.
REQUIRED SKILLS
- Strong knowledge of FMCG accounting and distribution finance
- Excellent knowledge of GST and taxation
- Robust knowledge of Tally / ERP / Accounting Software
- Advanced MS Excel skills
- Strong analytical and problem-solving skills
- Good knowledge of financial reporting and MIS
- Strong leadership and team-management skills
- Good communication and coordination skills
- Ability to work under pressure and meet deadlines
- Strong attention to detail and accuracy
PREFERRED EXPERIENCE
Candidates with experience in
- FMCG Wholesale / Distribution
- Retail Distribution
- Multi-branch Operations
- Inventory & Stock Accounting
- Credit Sales & Collection
- Working Capital Management
- GST & Tax Compliance
- Branch-wise Accounting & MIS
will be preferred.
KEY PERFORMANCE INDICATORS (KPI)
- Accuracy and timely completion of accounts
- Timely statutory compliance
- Reduction in outstanding receivables
- Effective working capital management
- Accurate branch-wise financial reporting
- Proper control over cash and expenses
- Improvement in financial controls
- Timely submission of MIS reports
- Reduction of financial discrepancies and leakage
Additional Perks Food & Accommodation Provided by the Company
Pay: ₹30,000.00 - ₹50,000.00 per month
Benefits
- Cell phone reimbursement
- Food provided
- Leave encashment
Work Location: In person
📌 Finance Manager (Bengaluru)
🏢 Namma TTK W holesale
📍 Bengaluru