Accounts and Finance Manager

• *Job Title: Manager – Accounts \& Finance**

• *Location: Mulund, Mumbai, Maharashtra**
• *Experience: 14\+ Years**
• *Department: Accounts \& Finance**
• *Reporting To: Accounts Head / CFO**
• *Industry: Manufacturing / Factory Operations**

• *Job Summary**

We are seeking an experienced **Manager – Accounts \& Finance** to manage accounts payable, vendor reconciliation, banking operations, forex compliance, MIS reporting, budgeting, and cash flow management. The candidate will be responsible for ensuring timely payments, maintaining accurate financial records, managing banking facilities, and optimising working capital.

The ideal candidate should have strong leadership skills, sound financial knowledge, and experience in managing finance operations in a manufacturing or factory environment.

Key Responsibilities1\. Accounts Payable \& Vendor Management

• Verify creditors' bills, including logistics invoices processed by the team, before submitting them to management for payment approval.
• Verify purchase\-related debit notes and credit notes, ensuring correct deductions and timely payments.
• Monitor vendor advances and ensure goods/services are received, invoices are booked, and excess advances are recovered.
• Ensure timely processing of recurring payments, expense payables, provisions, and other financial obligations.
• Review vendor ledgers, reconcile outstanding balances, and resolve discrepancies promptly.
• Monitor raw material (RM) outstanding payments and coordinate with suppliers and internal teams for timely payment releases.
• Ensure applicable discounts are received from suppliers and properly accounted for.

2\. MIS Reporting \& Financial Analysis

• Prepare and submit MIS reports as required by management.
• Monitor outstanding payables and provide regular updates on payment status.
• Analyse financial data and provide inputs to management regarding cash flow and fund utilisation.
• Maintain accurate financial records and support effective financial decision\-making.

3\. Cash Flow Management \& Budgeting

• Monitor and manage company cash flow to ensure sufficient liquidity for daily operations and strategic requirements.
• Prepare budgets, cash flow forecasts, and fund allocation plans.
• Allocate funds across departments and projects based on business priorities and available resources.
• Monitor cash requirements and ensure efficient utilisation of working capital.
• Identify opportunities for cost control, improved cash management, and operational efficiency.

4\. Salary Payments \& Statutory Compliance

• Ensure timely and accurate salary payments, including contractor and contract labour payments.
• Coordinate with HR and other departments to ensure proper processing of salary\-related payments.
• Ensure timely payment of applicable statutory dues and maintain supporting financial records.

5\. Banking, Forex \& Import\-Export Compliance

• Manage Letter of Credit (LC), Bank Guarantee (BG), forex transactions, and import\-export banking documentation.
• Liaise with banks for payment processing, banking facilities, documentation, and compliance requirements.
• Monitor LC discounting activities and ensure proper documentation and follow\-up.
• Prepare Drawing Power (DP) statements and coordinate with banks as required.
• Manage electronic payments and ensure timely execution of banking transactions.

6\. Factory \& Stakeholder Coordination

• Coordinate with factory teams, vendors, contractors, HR, and other departments to resolve finance\-related issues.
• Verify supporting documents before releasing advance payments and other factory\-related payments.
• Manage factory cash requirements, including cash issuance and creditor payment releases.
• Verify petty cash statements from all factories and coordinate with factory cashiers for cash disbursement.
• Respond to queries from internal and external stakeholders and ensure timely resolution of financial matters.

7\. Team Management \& Process Improvement

• Lead, guide, and supervise the accounts and finance team to ensure accurate and timely completion of tasks.
• Review payment documents, reconciliations, financial transactions, and accounting records.
• Improve team productivity and operational efficiency while identifying opportunities for cost savings.
• Ensure adherence to internal financial controls, company policies, and established accounting procedures.
• Support monthly and annual book\-closing activities and ensure timely completion of financial records.

Key Skills \& Competencies

• Strong knowledge of accounts payable, vendor management, and reconciliation.
• Expertise in MIS reporting, cash flow management, budgeting, and financial forecasting.
• Working knowledge of LC, BG, forex transactions, and import\-export banking compliance.
• Sound understanding of monthly and annual book\-closing processes.
• Proficiency in electronic payment systems and banking operations.
• Strong leadership, team management, and problem\-solving skills.
• Excellent communication, coordination, and stakeholder management abilities.
• Strong analytical skills and attention to detail.
• Ability to manage multiple priorities and meet deadlines.

Qualification

• B.Com / M.Com / MBA in Finance / CA Inter or equivalent qualification, as per company requirements.

Experience Required

• Minimum **14\+ years of relevant experience** in Accounts \& Finance.
• Experience in a manufacturing company or factory environment is strongly preferred.
• Practical experience in vendor payments, banking operations, cash flow management, LC/BG, and forex compliance is desirable.

Pay: ₹70,000\.00 \- ₹90,000\.00 per month

Work Location: In person