Accounts Manager

Job Title: Manager – Accounts & Finance
Department: Accounts & Finance
Experience Required: 14+ Years
Location: Mulund, Mumbai

Reporting To: Accounts Head / CFO

Job Summary
The one will be responsible for managing end-to-end accounts payable operations, vendor reconciliations, banking and forex compliance, MIS reporting, and cash flow management, while leading a team to ensure accuracy, timeliness, and cost efficiency across all finance functions.

Key Responsibilities

Payments & Vendor Management

• Verify creditors' bills, including logistics bills cleared by the team, before submitting to management for payment.
• Verify credit notes and debit notes related to purchases; ensure payments are made on time and deductions are applied correctly. Flag any issues to seniors/management.
• Verify advances paid to vendors; ensure goods/services are received against them, invoices are booked in the system, and excess advances are recovered.
• Ensure all recurring payments are made on time; verify payable ledgers, provisions, and expense payables, and rectify any errors.
• Ensure vendor account balances are reconciled and resolve discrepancies promptly.

MIS & Reporting

• Monitor raw material (RM) outstanding and follow up on RM payment releases with the team and suppliers.
• Ensure applicable discounts are received from suppliers.
• Prepare MIS reports as required by management.
• Provide inputs and observations on company cash flow.

Salary & Statutory Compliance

• Ensure timely and accurate salary payments, including contractor payments, along with related statutory dues.

Stakeholder & Factory Coordination

• Attend to queries and calls from all stakeholders and resolve issues promptly.
• Handle calls from factory teams — release advance payments after document verification, issue cash, release creditor payments, and resolve finance-related issues.
• Coordinate with plant, HR, and contractors for smooth operations.
• Verify petty cash statements from all factories and issue cash after coordinating with the factory cashier.

Banking, Forex & Compliance

• Manage LC (Letter of Credit), BG (Bank Guarantee), Forex, and Import/Export banking compliance; liaise with bankers.
• Monitor LC discounting and prepare DP (Drawing Power) statements.
• Handle e-payments and manage overall company cash flow.

Cash Flow Management

• Monitor and manage the company's cash flow to ensure liquidity for day-to-day operations and strategic needs.
• Prepare budgets and forecasts, and allocate funds across departments/projects based on priorities and available resources.

Team Management

• Lead, guide, and manage the team to achieve the above objectives.
• Drive productivity and efficiency improvements within the team, contributing to overall cost savings for the company.

Key Skills & Competencies

• Strong knowledge of accounts payable, vendor reconciliation, and MIS reporting
• Working knowledge of LC, BG, Forex, and Import/Export banking compliance
• Sound understanding of monthly/yearly book closing processes
• Strong team management and leadership skills
• Good coordination and stakeholder management skills
• Proficiency in e-payments and cash flow management
• Strong attention to detail and problem-solving ability

Qualification

• B.Com / M.Com / MBA (Finance) / CA Inter or equivalent (as per company preference)

Experience

• 14+ years of relevant experience in accounts & finance, preferably in a manufacturing/factory environment

Pay: ₹50,000.00 - ₹85,000.00 per month

Benefits:

• Paid sick time
• Provident Fund

Application Question(s):

• Do you currently handle accounts payable and vendor reconciliation?
• Have you handled Letter of Credit (LC) work?
• Do you manage cash flow or fund planning?
• Are you based in Mumbai, Navi Mumbai or Thane, and can you travel to Mulund daily?

Work Location: In person