Job Summary
The Financial Manager is responsible for overseeing the organization's financial operations, including budgeting, financial planning, accounting, cost control, cash flow management, statutory compliance, taxation, and financial reporting. The role ensures the company's financial health by providing accurate financial information and strategic recommendations to management.
Key Responsibilities
- Manage day-to-day finance and accounting operations.
- Prepare monthly, quarterly, and annual financial statements.
- Develop and monitor budgets, forecasts, and financial plans.
- Analyze financial performance and provide recommendations for improvement.
- Monitor cash flow, working capital, and fund requirements.
- Ensure compliance with accounting standards, statutory regulations, GST, TDS, Income Tax, and other applicable laws.
- Coordinate internal and external audits and ensure timely audit completion.
- Oversee accounts payable, accounts receivable, payroll, and general ledger functions.
- Implement and maintain effective internal controls and financial policies.
- Review costing reports, profitability analysis, and variance reports.
- Support management in strategic financial planning and investment decisions.
- Liaise with banks, financial institutions, auditors, and government authorities.
- Monitor inventory valuation and cost control, especially in a manufacturing environment.
- Lead, mentor, and supervise the finance and accounts team.
- Prepare MIS reports and present financial insights to senior management.
Required Qualifications
- Bachelor's Degree in Commerce (B.Com), Finance, or Accounting.
- CA, CMA, MBA (Finance), or equivalent professional qualification preferred.
- 8–15 years of experience in finance and accounting, preferably in the textile or manufacturing industry.
- Strong knowledge of Indian Accounting Standards, GST, Income Tax, TDS, Companies Act, and financial reporting.
- Proficiency in SAP, ERP systems,Tally and Microsoft Excel.
Required Skills
- Financial Planning & Analysis (FP&A)
- Budgeting and Forecasting
- Cost Control and Cost Analysis
- Cash Flow Management
- Financial Reporting
- Taxation and Statutory Compliance
- Internal Controls and Risk Management
- SAP, ERP and Advanced Excel
- Leadership and Team Management
- Strong analytical and problem-solving skills
- Excellent communication and presentation skills
Key Performance Indicators (KPIs)
- Accuracy and timeliness of financial reports
- Budget adherence and cost savings achieved
- Cash flow and working capital efficiency
- Statutory compliance with zero penalties
- Audit findings and compliance closure
- Improvement in profitability and financial performance
- Timely completion of month-end and year-end closing
- Team productivity and process improvements
Preferred Industry Experience
- Textile Manufacturing
- Garment Manufacturing
- Dyeing & Processing
- Woven/Fabric Manufacturing
This job description is suitable for a Financial Manager in a textile manufacturing company responsible for managing finance, costing, compliance, budgeting, and strategic financial planning.
Pay: ₹50,000.00 - ₹80,000.00 per month
Benefits:
- Cell phone reimbursement
- Food provided
Work Location: In person
