Job Summary:

We are seeking an experienced and detail-oriented Finance Account Manager to join our team in the woodworking industry.

The Finance Account

Manager will be responsible for managing financial activities, ensuring accurate financial reporting, and providing strategic guidance to support business growth. The ideal candidate should have a strong background in finance, exceptional analytical skills, and a deep understanding of the furniture industry. This role requires excellent communication skills and the ability to collaborate effectively with cross-functional teams.

Responsibilities:

- Oversee financial operations, including budgeting, forecasting, financial analysis, and reporting for the furniture industry.
- Planning and strategizing the execution of accounting of all the TE-Machine craft(Woodwork, Metal works) on a regular basis.
- Handling the Accounting activities of the Machine craft factory like Purchases, Stock & Sales and solving the compliances.
- Coordination with Central & Project accounts.
- Lead and manage a team of subordinates in preparation of mobilization and execution of the accounting process.
- Handling the CUSTOMS related documentation such as providing documents like Bill of Lading, Packing List, Invoice , County of Origin, GATT declaration, Technical Write off, Catalog, Authorized Letter, Bond, to our clearing agent to file the bill of entry to clear the customs process.
- Communicating with Subordinates and Providing information by telephone, in written form, e-mail, or in person.
- Plan and implement procedures and systems to maximize work efficiency .
- Carrying out outward foreign remittance and providing all the supporting documents to the bank..
- Prepare vendor advance schedule by Checking with the SAP ledger before issuing the payments to the vendors.
- Preparing the vendors cheques as in accordance with the approved funds allocation.
- Issuing Form 16, TDC, TCS and other vendor related documents.
- Reviewing Excise duty ledger to make sure all manufacture, dealer purchase invoice, Capital Goods, Import Purchase are taken care to get it filed. Preparing the Excise Duty Working check & Filling the Returns
- Develop and implement process improvement strategies including by adapting current processes and trends in accounting.
- Prepare Journals for accruals and prepayment expenses




- Prepare and analyze monthly General Ledger Reconciliation
- Prepare monthly cost of sale reporting, job profitability, labor analysis and variance analysis
- Ensure Reports are in compliance with governmental reporting requirements, federal, state, local
- Responsible for Inventory verification monitoring control for Global operations
- Provide financial support as requested, business cases and special projects
- Provide ad-hoc analyses to support complex decision making and propose final recommendations to management and business leaders
- Liaise with internal auditors
- Perform monthly accounting responsibilities for month end close
- Documenting results and completing SOX work in accordance with standards
- Ensure efficient collaboration and co-ordination between relevant departments including Procurement, Production, Delivery/Dispatch team, and with Corporate management.
- Agreeing with the administration interactions and presentations as needed by the company.
- Preparing the External & Intra division purchase orders for the finished goods within the company.
- Following up for the payments from all the concerns.
- Prepare vendor advance schedule by Checking with the SAP ledger before issuing the payments to the vendors.
- Prepare and analyze financial statements, performance reports, and key metrics to provide insights and recommendations to senior management.
- Develop and maintain financial models, projections, and variance analysis to assess the financial health and performance of the business.
- Collaborate with cross-functional teams, including Sales, Marketing, and Operations, to develop and execute financial strategies that align with business objectives.
- Monitor and manage cash flow, liquidity, and working capital to optimize financial resources and ensure timely payments to vendors and suppliers.




- Conduct financial risk assessments and develop risk mitigation strategies to safeguard the financial stability of the organization.
- Stay updated on industry trends, market conditions, and regulatory changes that may impact financial operations in the furniture industry.
- Coordinate with external auditors, tax advisors, and regulatory bodies to ensure compliance with financial regulations and reporting requirements.
- Establish and maintain relationships with financial institutions, negotiating favorable terms for loans, lines of credit, and other financial services.
- Lead the budgeting and planning processes, working closely with department heads to set financial targets and track performance against budgets.
- Provide financial analysis and support for investment decisions, capital expenditure projects, and business expansion initiatives.
- Implement and maintain internal controls and financial policies to safeguard assets and ensure accurate financial recording and reporting.
- Mentor and guide junior finance team members, fostering a culture of continuous learning and professional development.

Qualifications:

- Bachelor's degree in Finance, Accounting, or a related field. MBA or advanced certification (e.g., CFA, CPA) is a plus.
- Proven experience as a Finance Manager or similar role within the furniture industry.
- In-depth knowledge of financial principles, practices, and regulations in the furniture industry.
- Strong financial analysis skills and the ability to interpret complex financial data to drive strategic decision-making.
- Proficiency in financial software systems and MS Excel. Experience with ERP systems is preferred.
- Excellent communication skills, both written and verbal, with the ability to present financial information clearly and concisely to stakeholders at all levels.
- Strong leadership skills and the ability to collaborate effectively with cross-functional teams.
- Detail-oriented mindset with a focus on accuracy and attention to detail.
- Proactive problem-solving skills and the ability to anticipate and address financial challenges and opportunities.
- Ability to work under pressure, meet deadlines, and manage multiple priorities.
- Knowledge of furniture industry trends, competitors, and market dynamics is a plus.
- Familiarity with inventory management and supply chain finance is advantageous.

📌 Accounts And Finance Manager (Bengaluru)
🏢 Total Environment
📍 Bengaluru