Assistant Manager- Finance & Accounts

Job description

Job Purpose / Overall Role Objective
The Assistant Manager Finance & Accounts will support the Head of Finance & Accounts in managing day-to-day accounting operations, ensuring accurate financial records, statutory compliance, and timely financial reporting. The role involves supervising a team of accountants, maintaining internal controls, and supporting budgeting, forecasting, audits, and compliance activities to ensure the financial health of the organization.

Key Responsibilities & Accountabilities
1. Team Leadership & Supervision

• Lead, supervise, and guide a team of accountants and accounting assistants.
• Allocate tasks and ensure timely completion with high accuracy and quality standards.
• Provide training, mentorship, and regular performance feedback to team members.

2. Financial Record Keeping

• Oversee accurate recording of financial transactions in the general ledger.
• Ensure maintenance of up-to-date books of accounts and timely reconciliation of accounts.
• Supervise monthly, quarterly, and annual account reconciliations.
• Ensure quarterly reconciliation of vendor accounts.
• Possess working knowledge of Amazon accounting processes.
• Oversee import/export documentation related to remittances.

3. Taxation & Statutory Compliance

• Oversee and ensure timely filing of statutory returns, including:
• GST (GSTR-1, GSTR-3B, GSTR-2A/2B reconciliation, GSTR-9 & 9C)
• TDS returns
• Professional Tax (PT) and other applicable compliances
• Assist in preparation of tax filings and ensure compliance with applicable laws and regulations.
• Coordinate with tax consultants and auditors for assessments, audits, and filings.

4. Preparation of Financial Statements

• Assist in preparation of monthly, quarterly, and annual financial statements, including:
• Profit & Loss Statement
• Balance Sheet
• Cash Flow Statement
• Work closely with the Head Finance & Accounts to analyze financial data and prepare management reports.

5. Budgeting & Forecasting

• Assist in preparation and monitoring of annual budgets.
• Track actual performance against budgets and highlight variances.
• Support forecasting activities by updating projections based on actual results and business conditions.

6. Internal Control & Audit

• Implement and maintain internal control systems to safeguard company assets.
• Ensure accuracy and integrity of financial data and reporting.
• Support internal and external audits by providing required documents and explanations.

7. Reporting & Financial Analysis

• Generate periodic financial and MIS reports for management review.
• Analyze financial trends, identify discrepancies, and recommend areas for improvement.
• Support decision-making through accurate financial analysis and reporting.

Key Competencies

• Strong knowledge of accounting principles, taxation, and compliance
• Team management and leadership skills
• Attention to detail and high level of accuracy
• Strong analytical and problem-solving abilities
• Ability to meet deadlines in a fast-paced environment
• Good communication and coordination skillsRole & responsibilitiesRole & responsibilitiesRole & responsibilities