Position: Accounts Manager Manufacturing

Department: Accounts & Finance
Position: Accounts Manager (Designation versatile based on candidate's experience and capability)
Reports To: Accounts Head / Managing Director
Location: Mahad, Raigad, Maharashtra, India
Industry: Manufacturing Any Manufacturing Sector

Role Purpose / Principal Accountability

We are looking for a competent and experienced Accounts & Finance professional to manage day-to-day accounting operations, financial reporting, statutory compliance, working capital monitoring, and manufacturing-related accounting activities.

The incumbent will be responsible for maintaining accurate books of accounts, ensuring timely statutory compliance, managing accounts payable and receivable, monitoring inventory and production-related accounting, supporting product costing, and providing reliable financial information to management.

The role requires strong practical knowledge of accounting principles, GST, TDS, inventory accounting, manufacturing cost structures, and financial reconciliations.

The candidate will work closely with Purchase, Stores, Production, Sales, HR, and other internal departments to ensure financial discipline, accurate reporting, effective internal controls, and smooth financial operations.

Key Responsibilities

A. Accounting & Financial Operations

1. Manage day-to-day accounting operations, including journal entries, purchase, sales, receipts, payments, and general ledger maintenance.
2. Maintain accurate books of accounts in SAP / ERP and ensure proper accounting documentation.
3. Ensure timely posting and reconciliation of all financial transactions.
4. Review ledgers, trial balances, and accounting records to identify discrepancies and ensure accuracy.
5. Ensure proper accounting classification of expenses, income, assets, and liabilities.
6. Maintain proper documentation and supporting records for all financial transactions.

B. Accounts Payable & Procurement Accounting

1. Verify vendor invoices against Purchase Orders (POs), Goods Receipt Notes (GRNs), and applicable supporting documents.
2. Ensure proper accounting of raw material purchases, consumables, capital goods, services, and job-work expenses.
3. Monitor vendor outstanding balances, ageing reports, payment due dates, and payment commitments.
4. Coordinate with Purchase and Stores departments for invoice discrepancies, material receipt differences, debit notes, and credit notes.
5. Prepare vendor payment schedules and support cash-flow planning.
6. Ensure accurate vendor ledger reconciliation and timely resolution of pending differences.

C. Accounts Receivable & Credit Control

1. Ensure timely preparation and accounting of customer sales invoices.
2. Monitor customer outstanding balances and maintain receivable ageing reports.
3. Coordinate with Sales and Commercial teams for collection follow-ups and overdue payments.
4. Reconcile customer accounts and resolve billing and payment-related discrepancies.
5. Monitor credit periods, overdue accounts, and customer advances.
6. Support management in improving collection efficiency and controlling receivables.

D. GST, TDS & Statutory Compliance

1. Ensure accurate preparation and timely filing of GST returns, including GSTR-1 and GSTR-3B.
2. Reconcile purchase registers with GSTR-2B and ensure proper Input Tax Credit (ITC) eligibility and utilization.
3. Monitor GST compliance relating to purchases, sales, job work,



stock transfers, and other applicable transactions.
4. Ensure compliance with e-invoicing and e-way bill requirements, wherever applicable.
5. Handle TDS / TCS computation, deductions, deposit, reconciliation, and return filing.
6. Maintain statutory records and ensure timely compliance with applicable Income Tax provisions.
7. Coordinate with external tax consultants and authorities for notices, assessments, and compliance-related matters.
8. Monitor changes in applicable tax laws and ensure appropriate implementation in accounting processes.

E. Manufacturing Accounting, Costing & Inventory Control

1. Maintain accurate accounting of raw materials, consumables, work-in-progress (WIP), and finished goods.
2. Coordinate with Stores and Production teams for inventory reconciliation and verification of stock records.
3. Support inventory valuation as per applicable accounting standards and company policies.
4. Understand and monitor material consumption, production expenses, and manufacturing overheads.
5. Assist in product costing, BOM-based costing, job-work costing, and process-related cost analysis.
6. Analyze material cost variances, production cost variances, wastage, and abnormal consumption.
7. Ensure proper accounting and reconciliation of subcontracting and job-work transactions.
8. Coordinate physical stock verification and investigate differences between book stock and physical inventory.
9. Monitor slow-moving, non-moving, and obsolete inventory and report significant exposures to management.
10. Support management in identifying opportunities for cost control and improvement in manufacturing profitability.

F. Bank, Cash & Working Capital Management

1. Maintain bank books and perform regular bank reconciliations.
2. Monitor daily cash and bank balances and coordinate payment requirements.
3. Manage petty cash, cash book, and related supporting documentation.
4. Prepare short-term cash-flow statements and fund requirement reports.
5. Monitor working capital requirements, including receivables, payables, and inventory.
6. Coordinate with banks for routine banking transactions, documentation, and financial requirements.
7. Support management in monitoring fund utilization and liquidity.

G. Fixed Assets & Capital Expenditure Accounting

1. Maintain and update the fixed asset register.
2. Record capital expenditure and ensure proper capitalization of assets.
3. Calculate depreciation as per applicable accounting requirements.
4. Coordinate physical verification of fixed assets.
5. Monitor capital work-in-progress (CWIP) and ensure timely capitalization of completed projects.
6. Maintain supporting documentation for asset additions, transfers, and disposals.

H. Financial Reporting & MIS

1. Ensure timely monthly, quarterly, and annual accounting closures.
2. Prepare and review trial balances, ledgers, schedules, provisions, and accruals.
3. Prepare periodic MIS reports covering:
- Sales and revenue.
- Purchase and material consumption.
- Manufacturing and operating expenses.
- Product / job-wise costing,



wherever applicable.
- Customer and vendor outstanding.
- Inventory and stock valuation.
- Cash flow and working capital.
- Profitability and expense analysis.

- Provide accurate financial information and reports to the Accounts Head / Managing Director.
- Assist in preparation of financial statements, including the Balance Sheet, Profit & Loss Account, and supporting schedules.

I. Audit, Internal Controls & Compliance

1. Coordinate statutory audits, tax audits, and internal audits.
2. Prepare audit schedules, ledgers, reconciliations, supporting documents, and explanations.
3. Ensure timely closure of audit observations and implementation of corrective actions.
4. Strengthen internal financial controls relating to purchases, payments, receipts, inventory, and expenses.
5. Identify accounting discrepancies, control gaps, and potential financial risks.
6. Ensure compliance with applicable accounting standards and statutory requirements.
7. Maintain proper financial documentation and audit trails.

J. Interdepartmental Coordination & Team Management

1. Coordinate with Purchase, Stores, Production, Sales, HR, and Administration for accounting and financial information.
2. Ensure timely submission of documents and transaction details by respective departments.
3. Guide and supervise junior accounting team members, wherever applicable.
4. Establish proper accounting processes, responsibilities, and timelines.
5. Drive improvements in accounting systems, reconciliations, and reporting processes.

Educational Qualification & Experience

- Preferred Qualification: CA Intermediate / Inter CA (both groups cleared preferred), Minimum 5 years of relevant experience in Accounts & Finance.
- Alternative Qualification: M.Com with Minimum 8 years of relevant experience in Accounts & Finance.

Industry Background

- Candidates from any manufacturing industry are welcome.
- Experience in manufacturing companies involving inventory, material accounting, production costing, and job-work accounting will be preferred.
- Exposure to polymers, chemicals, engineering, auto components, pumps and valves, fabrication, or similar manufacturing sectors will be an added advantage.

Required Technical Skills & Competencies

Accounting & ERP

- Strong practical knowledge of accounting principles and financial accounting.
- Proficiency in SAP or other accounting ERP systems.
- Good working knowledge of MS Excel, including Pivot Tables, VLOOKUP/XLOOKUP, and data reconciliation.

Taxation & Compliance

- Practical knowledge of GST, GSTR-1, GSTR-3B, GSTR-2B reconciliation, ITC, e-invoicing, and e-way bills.
- Working knowledge of TDS, TCS, and basic Income Tax provisions.
- Experience in statutory audit and tax audit coordination.

Manufacturing Finance

- Understanding of raw material, WIP, finished goods, and inventory accounting.
- Knowledge of manufacturing costing, material consumption, and overhead allocation.
- Understanding of BOM, job-work accounting, and inventory reconciliation.
- Exposure to working capital and cash-flow management.

Behavioural Competencies

- High degree of accuracy and attention to detail.
- Strong analytical and problem-solving skills.
- Ability to work independently and take ownership.
- Good communication and coordination skills.
- Ability to manage multiple priorities and statutory deadlines.
- Integrity, confidentiality, and professional accountability.

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