Job Title: Accounts Manager
Location: Kukas, Jaipur
Department: Finance/Accounts
Reporting To: Finance Head / CFO
Education: B.COM/M.COM
Experience: 7 to 10 Years
Salary: 40K to 60K
Overview:
The Accounts Manager will be responsible for overseeing the financial operations of the bus body building plant, ensuring the accuracy and integrity of financial records. This role involves managing day-today accounting activities, including accounts payable and receivable, payroll processing, financial reporting, and budget management. The ideal candidate will have a thorough understanding of accounting principles, strong analytical skills, and the ability to lead an accounting team effectively.
Responsibilities:
1. Financial Reporting and Analysis:
◦ Prepare monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements.
◦ Analyze financial data to identify trends, variances, and areas for improvement.
◦ Generate and present financial reports to senior management within sights and recommendations.
2. Budgeting and Forecasting:
◦ Assist in the annual budgeting process and monitor budget adherence through out the year.
◦ Prepare cash flow forecasts to ensure adequate liquidity for plant operations.
◦ Review budget variances and recommend cost-saving initiatives.
3. Accounts Payable and Receivable Management:
◦ Oversee invoicing, collections, and payments to ensure timely processing.
◦ Manage relationships with vendors and customers regarding billing, disputes, and payment terms.
◦ Ensure compliance with credit policies and minimize overdue accounts.
4. Payroll Processing:
◦ Supervise payroll processing to ensure accurate and timely payment to employees.
◦ Ensure compliance with tax regulations and statutory obligations.
◦ Manage payroll-related reports and resolve any discrepancies.
5. Compliance and Audit:
◦ Ensure adherence to financial policies, internal controls, and regulatory requirements.
◦ Coordinate with external auditors for annual audits and prepare necessary documentation.
◦ Conduct internal audits to maintain accuracy and detect any irregularities in financial records.
6. Team Leadership and Development:
◦ Lead and mentor the accounting team, providing guidance on complex financial matters.
◦ Conduct regular performance evaluations and identify training needs.
◦ Foster a collaborative and efficient work environment within the accounting department.
Key Responsibility Areas (KRAs)
1. Financial Reporting Accuracy:
◦ Ensure the accuracy and timeliness of monthly, quarterly, and annual financial statements.
◦ Provide insightful analysis on financial data and maker commendations to management.
2. Budget and Cash Flow Management:
◦ Support budget preparation, monitors pending against budget, and maintain optimal cash flow.
◦ Ensure budget adherence and identify opportunities for cost reduction.
3. Accounts Receivable and Payable Efficiency:
◦ Maintain efficient billing and collections processes.
◦ Ensure timely payment stevedores and minimize overdue accounts.
4. Compliance and Audit Readiness:
◦ Maintain financial compliance with tax laws and statutory regulations.
◦ Ensure readiness for external audits and address any audit findings promptly.
5. Team Development and Leadership:
◦ Lead and motivate the accounting team to achieve departmental goals. ◦ Providetraining,feedback,andcareerdevelopmentopportunitiestoteammembers.
Key Performance Indicators (KPIs)
1. Timeliness and Accuracy of Financial Reports:
◦ Definition: Percentage of financial reports submitted on time and free of material errors.
◦ Target: 100% on-time, error- free submission of monthly, quarterly, and annual reports.
◦ Purpose: Ensures management has accurate and timely financial information for decision-making.
2. Budget Variance:
◦ Definition: Percentage variance between actual expenses and the budget.
◦ Target: Keep variances within +/-5 % of the budgeted figures.
◦ Purpose: Demonstrates effective budget management and control of financial resources.
3. Accounts Receivable Collection Period:
◦ Definition: Average number of days to collect outstanding receivables.
◦ Target: Collection period within 30 days.
◦ Purpose: Ensures healthy cash flow and minimizes overdue payments.
4. Accounts Payable Turnover:
◦ Definition: Measure of the average time taken to pay suppliers.
◦ Target: Pay all invoices within 30 days.
◦ Purpose: Builds and maintains strong relationships with suppliers, optimizing cash flow.
5. Payroll Processing Accuracy:
◦ Definition: Percentage of payrolls processed accurately and on time.
◦ Target: 100% payroll accuracy.
◦ Purpose: Ensures employee satisfaction and compliance with payroll-related regulations.
6. Audit Findings and Compliance Rate:
◦ Definition: Number of audit findings and the compliance rate in internal/external audits.
◦ Target: Zero major findings; 100% compliance.
◦ Purpose: Demonstrates a high standard of internal controls and regulatory adherence.
7. Employee Retention and Development:
◦ Definition: Retention rate of accounting team members and completion of training goals.
◦ Target: 90% retention rate, with each team member completing at least one training program annually.
◦ Purpose: Ensures continuity in the accounting team and encourages skill development.
Additional Requirements:
• Education: Bachelor’s degree in Accounting, Finance, or a related field. CA/CPA certification preferred.
• Experience: 5+years of experience in accounting or financial management, with at least 2 years in a supervisory role.
• Skills:
◦ Proficiency in accounting software (e.g., Tally, SAP, or QuickBooks).
◦ Strong understanding of financial regulations and tax laws.
◦ Excellent analytical and problem-solving skills.
◦ Strong leadership abilities and inter personal skills.
• Certifications (optional):CA (Chartered Accountant), CPA(Certified Public Accountant), or CMA (Certified Management Accountant) preferred.
