Job Description: Senior Manager (Finance)
Job Title: Senior Manager – Finance
Job Summary
We are looking for an experienced and strategic Senior Manager – Finance to oversee the company's financial planning, budgeting, accounting, cash flow management, financial reporting, and internal controls. The candidate will be responsible for ensuring financial accuracy, regulatory compliance, effective cost management, and sound financial decision-making to support the company's business objectives.
The ideal candidate should have strong financial management experience, analytical skills, leadership abilities, and a thorough understanding of accounting principles, taxation, and financial regulations.
Key Responsibilities
1. Financial Planning and Budgeting
- Develop and implement financial plans, annual budgets, and business forecasts.
- Monitor actual financial performance against budgets and identify variances.
- Prepare financial projections, cash flow forecasts, and profitability analyses.
- Provide financial insights and recommendations to management.
- Identify opportunities for cost optimization and improved financial performance.
- Support strategic business planning, investment decisions, and expansion initiatives.
2. Accounting and Financial Reporting
- Oversee day-to-day accounting operations and ensure accurate financial records.
- Review monthly, quarterly, and annual financial statements.
- Ensure timely preparation of profit and loss statements, balance sheets, and cash flow statements.
- Monitor accounts payable, accounts receivable, general ledger, and bank reconciliations.
- Ensure proper revenue recognition, expense classification, and financial documentation.
- Coordinate monthly and year-end financial closing activities.
- Establish and maintain effective accounting policies and procedures.
3. Cash Flow and Working Capital Management
- Monitor daily cash positions and manage short-term and long-term cash flow requirements.
- Ensure sufficient funds are available to meet operational and financial commitments.
- Manage working capital, receivables, payables, and inventory-related financial requirements.
- Coordinate with banks and financial institutions regarding banking facilities and financing requirements.
- Monitor customer collections and overdue receivables.
- Review payment schedules and optimize the use of available funds.
- Identify financial risks and implement appropriate mitigation measures.
4. Taxation and Statutory Compliance
- Ensure timely compliance with applicable tax laws and statutory requirements.
- Oversee GST, TDS, income tax, and other applicable tax filings and payments.
- Coordinate with tax consultants, auditors, and relevant authorities.
- Review tax computations, returns, reconciliations, and supporting documentation.
- Monitor changes in financial regulations and assess their impact on company operations.
- Ensure proper maintenance of statutory records and financial documents.
5. Cost Control and Profitability Analysis
- Monitor operating expenses, project costs, overheads, and departmental budgets.
- Analyze gross margins, operating profitability, and business performance.
- Review product costing, project costing, pricing, and cost allocation.
- Identify cost overruns and recommend corrective measures.
- Evaluate financial performance across departments, projects, or business units.
- Support management in improving operational efficiency and profitability.
6. Internal Controls and Audit
- Establish and strengthen internal financial controls and accounting procedures.
- Monitor compliance with company policies, approval limits, and financial authorization processes.
- Coordinate internal audits, statutory audits, and external financial reviews.
- Investigate financial discrepancies and recommend corrective actions.
- Ensure proper documentation of financial transactions and supporting records.
- Identify financial risks, control weaknesses, and opportunities for process improvement.
7. Team Management and Coordination
- Lead, supervise, and develop the finance and accounts team.
- Allocate responsibilities and monitor team performance.
- Review the accuracy and timeliness of accounting activities.
- Coordinate with sales, purchase, stores, logistics, HR, and project departments.
- Support other departments with budgeting, cost analysis, and financial information.
- Establish clear reporting procedures and promote accountability within the finance team.
8. Management Reporting and Business Support
- Prepare monthly management information system (MIS) reports and financial dashboards.
- Present financial results, key performance indicators, and risk assessments to senior management.
- Analyze revenue trends, operating costs, margins, and cash flow performance.
- Provide financial recommendations for business expansion, investments, and resource allocation.
- Support strategic decisions through financial modelling and scenario analysis.
- Ensure management receives accurate and timely financial information.
Qualifications
- Bachelor's degree in Finance, Accounting, Commerce, or a related field.
- CA, CMA, MBA in Finance, or equivalent professional qualification is preferred.
- Relevant experience in finance management, accounting, financial planning, and reporting.
- Strong knowledge of accounting standards, taxation, financial controls, and statutory compliance.
- Experience managing finance teams and coordinating with auditors, banks, and tax consultants.
Required Skills
- Strong financial analysis, budgeting, and forecasting skills.
- Excellent knowledge of accounting principles and financial reporting.
- Good understanding of GST, TDS, income tax, and applicable statutory requirements.
- Strong cash flow, working capital, and cost management capabilities.
- Proficiency in MS Excel, ERP systems, and accounting software.
- Excellent leadership, communication, and decision-making skills.
- Strong analytical thinking and problem-solving abilities.
- High standards of integrity, confidentiality, and professional ethics.
- Ability to manage multiple priorities and meet reporting deadlines.
Key Performance Indicators (KPIs)
- Accuracy and timeliness of financial statements and MIS reports.
- Budget adherence and effective cost control.
- Cash flow forecasting accuracy and working capital efficiency.
- Timely completion of tax filings and statutory compliance.
- Reduction in overdue receivables and improvement in collections.
- Audit compliance and resolution of audit observations.
- Financial reporting accuracy and month-end closing timelines.
- Improvement in profitability and financial performance.
