Manager Finance & Accounts

Job Description Manager Finance & Accounts

Position: Manager – Finance & Accounts
Department: Finance & Accounts
Location: Pondicherry
Reporting To: Head – Finance / Plant Head

Job Purpose

To manage the end-to-end finance and accounting operations, ensure accurate monthly closing and reporting, manage P&L and Balance Sheet activities, control provisions and SAP accounting, and ensure proper validation of vendor bills, purchase orders, and product costing.

Key Responsibilities

• Manage and supervise the Finance & Accounts team, allocating work and ensuring timely completion of activities.
• Handle end-to-end accounting and financial processes for the plant/business unit.
• Responsible for monthly closing activities, including P&L and Balance Sheet finalization.
• Prepare and review monthly provisions, accruals, prepaid expenses, and other accounting adjustments in SAP.
• Ensure accurate accounting entries and reconciliation of General Ledger, vendor accounts, customer accounts, and other balance sheet accounts.
• Prepare and analyse monthly P&L, Balance Sheet and financial MIS reports.
• Review financial variances and provide appropriate explanations and corrective actions.
• Handle product costing, including material, labour, overhead and other relevant cost components.
• Monitor and validate product cost sheets and costing calculations and ensure accuracy of cost data.
• Validate vendor invoices/bills against Purchase Orders, GRN, supporting documents and agreed commercial termsbefore processing.
• Ensure proper 3-way matching of PO, GRN and vendor invoice and identify discrepancies for resolution.
• Review purchase orders from a finance perspective and ensure compliance with approved commercial terms.
• Coordinate with Purchase, Stores, Production, Commercial and other departments for invoice discrepancies, costing and accounting matters.
• Monitor vendor balances, outstanding payments and account reconciliations.
• Ensure compliance with applicable accounting standards, company policies and internal financial controls.
• Support statutory, internal and external audits and provide required schedules and supporting documents.
• Identify opportunities for cost control, process improvement and financial efficiency.
• Ensure timely completion of all month-end and year-end financial activities.
• Prepare management reports and provide financial analysis to support business decisions.

Key Skills Required

• Strong knowledge of Financial Accounting and Management Accounting
• P&L and Balance Sheet preparation & analysis
• SAP Finance/Controlling (FI/CO)
• Monthly closing and provision accounting
• Product costing and cost analysis
• Vendor invoice and PO validation
• Budgeting and variance analysis
• General Ledger and account reconciliation
• Internal controls and audit
• Team management and stakeholder coordination
• Advanced MS Excel and financial reporting skills

Key Performance Indicators (KPIs)

• Timely and accurate monthly financial closing
• Accuracy of P&L and Balance Sheet
• Accuracy of monthly provisions and accruals
• Product costing accuracy
• Vendor invoice/PO compliance
• Timely resolution of accounting discrepancies
• Audit compliance and closure of audit observations
• Reduction in accounting errors and process deviations
• Effective team productivity and timely completion of finance activities

Regards,

Sowmiya

9786851122