Function: Finance & Accounts

Designation: Senior Manager – Accounts & Finance

Experience: 10 years + post-qualification experience

Qualification: CA / CMA

Industry: Manufacturing

Reporting To: CFO / Finance Head

1. Role Purpose

Responsible for managing and strengthening the organisation's financial controllership, management reporting, budgeting, treasury, statutory compliance and internal financial controls, while providing timely financial insights to management for effective business decision-making.

The role will work closely with Operations, SCM, Sales, Projects, HR and senior management to ensure financial discipline, profitability, working capital efficiency and compliance.

2. Key Responsibilities

A. Financial Accounting & Controllership

- Overall supervision of monthly, quarterly and annual financial closing.
- Ensure accurate accounting and timely preparation of financial statements.
- Review of GL, trial balance, provisions, accruals, receivables, payables and balance sheet schedules.
- Ensure conversion of Accounting Standards in to applicable Ind AS accounting policies.
- Drive timely resolution of audit observations and accounting issues.
- Coordinate with statutory, internal, tax and other auditors.
- Strengthen accounting processes, SOPs and financial controls.

B. MIS & Management Reporting

- Prepare and present monthly MIS / management dashboards covering revenue, margins, EBITDA, working capital, cash flow and profitability.
- Develop business-wise / product-wise / project-wise profitability analysis.
- Analyse actual performance against Budget / AOP and previous periods.
- Provide variance analysis with transparent reasons and corrective actions.
- Support management with financial analysis for key business decisions.

C. Budgeting & Business Planning

- Coordinate preparation of annual Budget / AOP with business functions.
- Monitor monthly budget versus actual performance.
- Track revenue, gross margin, operating expenses, manpower cost, capex and working capital against budgets.
- Prepare rolling forecasts and scenario analysis.
- Highlight potential deviations and recommend corrective actions.
- Support business teams in developing financially viable plans.

D. Working Capital & Cash Flow Management

- Monitor receivables, inventory, payables and overall working capital.
- Prepare and monitor rolling cash-flow forecasts.
- Improve cash conversion cycle and working capital efficiency.
- Monitor customer collections and ageing.
- Coordinate with Sales / SCM / Operations for collection and payment planning.




- Identify cash-flow risks arising from large projects and long-cycle manufacturing orders.

E. Treasury & Fund Raising

- Manage banking relationships and day-to-day treasury activities.
- Monitor working capital limits, term loans, BGs, LCs and other banking facilities.
- Support fund raising / debt raising / enhancement of banking limits.
- Prepare financial information, CMA data, projections and information required by banks / financial institutions.
- Evaluate financing options and optimise cost of funds.
- Monitor interest cost, bank charges and utilisation of sanctioned limits.
- Manage bank guarantees, letters of credit and other non-fund-based facilities.

F. Internal Financial Controls – IFC

- Establish, implement and monitor Internal Financial Controls (IFC).
- Identify financial and operational control gaps and recommend improvements.
- Review key processes such as Purchase-to-Pay, Order-to-Cash, Inventory, Fixed Assets, Payroll and Treasury.
- Ensure proper segregation of duties and approval matrix.
- Conduct periodic control reviews and follow up on corrective actions.
- Support statutory auditors / internal auditors in IFC-related matters.

G. Statutory & Legal Compliance

- Ensure timely compliance with applicable:
- Companies Act requirements
- Income Tax provisions
- GST
- TDS
- PF / ESIC and other applicable regulations
- FEMA / RBI requirements, wherever applicable
- Other finance-related statutory requirements
- Coordinate with legal and compliance teams on finance-related agreements and obligations.
- Monitor statutory due dates and ensure timely filing / payment.
- Ensure appropriate documentation and maintenance of statutory records.

H. Costing & Manufacturing Finance

- Review product / project costing and cost sheets.
- Analyse material, labour and overhead costs.
- Monitor manufacturing variances and cost overruns.
- Review standard costing / actual costing, wherever applicable.
- Support Operations and SCM in identifying cost reduction opportunities.
- Analyse product-wise / customer-wise / project-wise contribution margins.
- Participate in pricing decisions and commercial negotiations from a financial perspective.

I. Inventory & Supply Chain Finance

- Monitor inventory levels, ageing and slow/non-moving inventory.




- Review inventory provisions and valuation.
- Work with SCM and Stores on inventory optimisation.
- Analyse purchase price variance and material consumption.
- Support periodic physical verification and reconciliation.
- Strengthen controls over material movement, GRN, consumption and stock transfers.

J. Capex & Fixed Asset Management

- Review capex proposals from financial and ROI perspectives.
- Monitor approved capex versus actual expenditure.
- Ensure proper capitalisation and depreciation under applicable accounting standards.
- Monitor CWIP and timely capitalisation of completed assets.
- Conduct periodic fixed asset reconciliation.

H. Audit & Governance

- Coordinate statutory, internal, tax and other audits.
- Ensure timely closure of audit observations.
- Prepare schedules, reconciliations and supporting documentation.
- Strengthen financial governance and compliance culture.
- Escalate material financial risks to senior management.

3. Key Performance Indicators (KPIs)

The Senior Manager will be evaluated on:

- Timely and accurate monthly financial closure
- Accuracy and timeliness of MIS
- Budget vs. actual variance management
- Working capital / cash conversion improvement
- Receivable collection efficiency
- Inventory optimisation
- Statutory compliance with zero / minimal defaults
- Closure of audit observations
- Effectiveness of IFC
- Cost reduction / margin improvement initiatives
- Treasury and financing cost optimisation
- Timely renewal / management of banking facilities
- Accuracy of financial forecasts
- ERP / finance process improvements

4. Core Competencies

- Strong knowledge of Ind AS and financial reporting
- Management accounting and financial analysis
- Budgeting and forecasting
- Working capital management
- Treasury and banking
- Fund raising and financial modelling
- IFC and risk management
- Manufacturing costing
- Statutory compliance
- Strong Excel / financial modelling skills
- ERP / SAP knowledge
- Analytical and problem-solving ability
- Strong communication and presentation skills
- Ability to work with cross-functional teams
- Commercial and business acumen

5. Educational & Professional Qualifications

Essential:

- Chartered Accountant (CA) / Cost Accountant (CMA)
- 10 years + of relevant experience after qualification
- Strong experience in manufacturing finance / plant finance / corporate finance

Preferred:

- Experience with SAP / other ERP systems
- Experience in banking, fund raising and working capital management
- Experience in Ind AS implementation / financial reporting

📌 Senior Manager Accounts & Finance (India)
🏢 ACCOLADE ELECTRONICS PRIVATE
📍 India