Job Summary
The Accounts Manager is responsible for planning, organizing, and managing all accounting, financial reporting, taxation, statutory compliance, budgeting, and internal control activities for the pharmaceutical manufacturing facility. The role ensures compliance with applicable accounting standards, tax laws, Companies Act requirements, and pharmaceutical industry regulations while supporting business decisions through accurate financial information and analysis.
Key Responsibilities1. Financial Accounting
- Manage day-to-day accounting operations.
- Ensure timely recording of all financial transactions.
- Maintain General Ledger (GL).
- Review journal vouchers and accounting entries.
- Monitor receivables and payables.
- Ensure monthly, quarterly, and annual financial closing.
- Reconcile bank accounts and balance sheet accounts.
- Maintain fixed asset register.
2. Financial Reporting
- Prepare monthly financial statements.
- Prepare Profit & Loss Account.
- Prepare Balance Sheet.
- Prepare Cash Flow Statements.
- Conduct variance analysis against budgets.
- Present MIS reports to management.
- Generate cost analysis reports for manufacturing operations.
3. Budgeting & Cost Control
- Prepare annual operating budget.
- Monitor departmental budgets.
- Analyze manufacturing costs.
- Monitor inventory valuation.
- Support product costing.
- Review production overhead allocation.
- Identify opportunities for cost reduction.
4. Taxation & Statutory Compliance
- Ensure compliance with:
- GST
- Income Tax
- TDS
- Professional Tax
- PF & ESI accounting
- Coordinate tax audits.
- File statutory returns.
- Liaise with tax consultants.
- Maintain statutory records.
5. Pharmaceutical Manufacturing Accounting
- Monitor:
- Raw Material Cost
- Packing Material Cost
- WIP Valuation
- Finished Goods Inventory
- Batch Costing
- Manufacturing Variances
- Coordinate with Production, Warehouse, QA, QC, and Purchase departments.
- Verify inventory reconciliation.
6. Internal Controls
- Implement financial controls.
- Ensure segregation of duties.
- Review payment approvals.
- Verify vendor payments.
- Monitor authorization matrix.
- Ensure compliance with company financial policies.
7. Audit Management
- Coordinate:
- Internal Audit
- Statutory Audit
- Tax Audit
- Cost Audit
- Prepare audit schedules.
- Resolve audit observations.
- Implement corrective actions.
8. Banking & Cash Management
- Manage banking relationships.
- Monitor cash flow.
- Prepare cash forecasts.
- Supervise fund transfers.
- Monitor working capital.
- Coordinate loan documentation.
9. Team Management
- Supervise Accounts Executives.
- Allocate work responsibilities.
- Review accounting records.
- Train finance staff.
- Conduct performance evaluations.
- Develop departmental SOPs.
10. ERP Management
- Ensure accurate accounting in ERP.
- Review financial master data.
- Coordinate ERP improvements.
- Generate financial reports.
- Support ERP implementation projects.
Educational Qualification
- Chartered Accountant (CA) – Preferred
OR
- CMA (Cost & Management Accountant)
OR
OR
- M.Com with relevant pharmaceutical manufacturing experience
Experience
- 3-6years of accounting experience.
- Experience in pharmaceutical manufacturing is preferred.
Technical Knowledge
The candidate should have knowledge of:
- Financial Accounting
- Cost Accounting
- Manufacturing Accounting
- Budgeting
- Financial Planning & Analysis
- GST
- Income Tax
- TDS
- Companies Act
- Inventory Accounting
- Fixed Asset Accounting
- Bank Reconciliation
- ERP Systems (SAP, Oracle, Microsoft Dynamics, Tally Prime, or similar)
- MS Excel (Advanced)
- Financial Reporting Standards
- Internal Financial Controls
Skills
- Strong analytical and financial management skills
- Leadership and team management
- Decision-making ability
- Budget preparation and monitoring
- Excellent communication and interpersonal skills
- High attention to detail
- Problem-solving capability
- Time management
- Report writing and presentation skills
Regulatory Knowledge
Working knowledge of:
- Companies Act
- Income Tax Act
- GST Act
- Accounting Standards (Ind AS / IFRS as applicable)
- Cost Accounting Standards
- Internal Financial Controls (IFC)
- Corporate Governance requirements
Key Performance Indicators (KPIs)
- Timely monthly and annual financial closure
- Accuracy of financial statements
- Budget adherence and cost optimization
- Timely statutory compliance with zero penalties
- Reduction in audit observations
- Effective working capital management
- Accuracy of inventory valuation
- Timely vendor and employee payments
- Improvement in financial reporting efficiency
- Team performance and development
Working Conditions
- Office-based role with regular interaction with Production, Stores, Procurement, HR, QA, QC, and senior management.
- Additional working hours may be required during month-end/year-end closing, audits, budgeting, and statutory filing periods.
Preferred Certifications
- Chartered Accountant (CA)
- CMA
- SAP FI/CO Certification
- Advanced Microsoft Excel
- Financial Modeling
- GST Practitioner Certification (preferred)
- Internal Auditor Certification (preferred)
- SOFTWARE- MARG
Pay: ₹25,000.00 - ₹40,000.00 per month
Benefits:
- Health insurance
- Paid sick time
- Provident Fund
Work Location: In person
