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General Manager - Finance & Accounts

Vela AutomobileTN, IN1d ago
Full-timevia indeed

Job Description

1\. Financial Planning \& Budget Control

  • Prepare annual budgets for vehicle sales, service centres, spare\-parts sales, and administrative expenses.
  • Monitor location\-wise revenue, expenditure, and profitability.
  • Analyze monthly budget versus actual performance.
  • Implement cost\-control measures across all branches and workshops.
  • Prepare financial forecasts for business expansion and new service locations.

2\. Vehicle Sales \& Dealer Accounting

  • Monitor vehicle purchase invoices, sales invoices, and dealer/manufacturer settlements.
  • Reconcile vehicle stock with sales records and accounting entries.
  • Verify manufacturer incentives, sales commissions, dealer discounts, and applicable credit notes.
  • Monitor vehicle advances, customer receipts, refunds, and outstanding balances.
  • Reconcile transactions with the OEM and authorized financing partners.

3\. Service Centre \& Workshop Accounts

  • Monitor service revenue, labour charges, repair orders, and workshop expenses.
  • Review free\-service, warranty, and paid\-service claims.
  • Ensure timely submission and settlement of warranty claims with the OEM.
  • Monitor service\-centre profitability and expenses by location.
  • Review customer billing, job\-card closure, discounts, and complimentary services.

4\. Spare Parts \& Inventory Control

  • Monitor spare\-parts purchases, sales, stock valuation, and gross margins.
  • Reconcile physical stock with the inventory management system.
  • Conduct periodic stock audits at all service locations.
  • Investigate stock shortages, excess stock, damaged parts, and inventory adjustments.
  • Monitor slow\-moving and non\-moving inventory, including EV batteries and high\-value components.

5\. Cash Flow \& Banking

  • Monitor daily cash collections, bank balances, and payment requirements.
  • Ensure timely collection of customer dues, OEM receivables, and warranty claims.
  • Plan supplier payments and maintain sufficient working capital.
  • Review bank reconciliations, loan accounts, and interest expenses.
  • Establish controls for cash handling, deposits, refunds, and online payments.

6\. GST, Taxation \& Statutory Compliance

  • Ensure timely GST returns, TDS payments, income tax compliance, and applicable filings.
  • Monitor input tax credit reconciliation and GST treatment of vehicle and spare\-parts transactions.
  • Ensure timely PF, ESI, and other applicable statutory payments in coordination with HR.
  • Coordinate statutory audits, tax audits, and assessments.
  • Track compliance deadlines and resolve discrepancies promptly.

7\. Internal Audit \& Financial Controls

  • Conduct periodic financial audits of dealerships, workshops, and branches.
  • Verify purchase orders, supplier invoices, expense vouchers, and payment approvals.
  • Identify unauthorized expenses, billing discrepancies, and potential financial irregularities.
  • Review discounts, credit notes, warranty claims, and cash transactions.
  • Ensure closure of audit observations within the stipulated timeline.

8\. OEM Coordination \& Financial Reconciliation

  • Reconcile dealer statements and outstanding balances with automobile manufacturers.
  • Monitor OEM incentive claims, warranty reimbursements, and service campaign settlements.
  • Investigate debit notes, credit notes, short payments, and disputed claims.
  • Track pending claims and escalate overdue settlements.
  • Maintain accurate documentation for OEM financial reviews and audits.

9\. Team Management

  • Supervise accountants, branch accounts executives, cashiers, and billing personnel.
  • Establish reporting deadlines and clear responsibility for each location.
  • Review accounting accuracy, productivity, and compliance.
  • Train staff in financial procedures, internal controls, and accounting systems.
  • Coordinate with Sales, Service, Spare Parts, HR, Procurement, and Internal Audit departments.

Pay: ₹50,000\.00 \- ₹75,000\.00 per month

Benefits

  • Health insurance
  • Internet reimbursement
  • Paid sick time
  • Provident Fund

Work Location: In person

Job Overview

Job type
Full-time
Work mode
On-site
Location
Chennai
Posted
1d ago
Source
Indeed