Job Description
We are hiring Finance and Accounts Manager
Responsibilities:
The following would be the essential responsibilities for this position:
Treasury Function:
- Managing foreign exchange exposure on a day to day basis which includes hedging of forex positions.
- Ensure proper documentation for the forex and commodity hedges in line with RBI/FEMA guidelines.
- Manage day to day cash position, ensure effective utilization of Working Capital
- Cash flow planning to ensure timely debt servicing.
- Legal compliance of law of the land/RBI.
- Developing new and strengthening existing banking relationships.
- Ensure proper control and checks prior to releasing the payment.
- Maximization of return on surplus funds
Finance Function
- Statutory Compliances and Audits
- Ensure compliance of applicable statutes i.e submission of GSTR, filing of returns, closure for assessments etc.
- Put in necessary internal controls to facilitate statutory compliances.
- Liaise with Auditors for closure of statutory and tax audits
- Management Reports
- Prepare Variance Analysis Reports - Budget Vs Actuals
- Detailed evaluation of monthly Profit & loss a/c with local management and controller (including direct costs and O/H analysis)
- Detailed Balance Sheet with significant movement analysis including inventory movements.
- Ageing report of outstanding receivable/payable
- Inform management about significant issues and provide recommendation
- Managing Adhoc projects initiated by the local management, which forms part of regular review.
Accounting
- Lead the accounting team located in Bangalore
- Ensure accuracy, completeness of accounting data in ERP by way of variance analysis and review of all journals before posting
- Ensure accuracy and completeness of month end accruals
- Design accounting/work procedure/Internal control standards and ensure that they are implemented and maintained
- Monthly reports to group entities (overseas entities - Switzerland/Singapore)
- Review of monthly reports i.e Profit & Loss, Balance sheet etc. and circulate with overseas entities within the agreed time lines.
Others activities
- Timely monthly submission of the asset and liability report
- Calculate deferred tax asset/liabilities on a monthly basis
Responsibilities:
The following would be the essential responsibilities for this position:
Treasury Function:
- Managing foreign exchange exposure on a day to day basis which includes hedging of forex positions.
- Ensure proper documentation for the forex and commodity hedges in line with RBI/FEMA guidelines.
- Manage day to day cash position, ensure effective utilization of Working Capital
- Cash flow planning to ensure timely debt servicing.
- Legal compliance of law of the land/RBI.
- Developing new and strengthening existing banking relationships.
- Ensure proper control and checks prior to releasing the payment.
- Maximization of return on surplus funds
Finance Function
- Statutory Compliances and Audits
- Ensure compliance of applicable statutes i.e submission of GSTR, filing of returns, closure for assessments etc.
- Put in necessary internal controls to facilitate statutory compliances.
- Liaise with Auditors for closure of statutory and tax audits
- Management Reports
- Prepare Variance Analysis Reports - Budget Vs Actuals
- Detailed evaluation of monthly Profit & loss a/c with local management and controller (including direct costs and O/H analysis)
- Detailed Balance Sheet with significant movement analysis including inventory movements.
- Ageing report of outstanding receivable/payable
- Inform management about significant issues and provide recommendation
- Managing Adhoc projects initiated by the local management, which forms part of regular review.
Accounting
- Lead the accounting team located in Bangalore
- Ensure accuracy, completeness of accounting data in ERP by way of variance analysis and review of all journals before posting
- Ensure accuracy and completeness of month end accruals
- Design accounting/work procedure/Internal control standards and ensure that they are implemented and maintained
- Monthly reports to group entities (overseas entities - Switzerland/Singapore)
- Review of monthly reports i.e Profit & Loss, Balance sheet etc. and circulate with overseas entities within the agreed time lines.
Others activities
- Timely monthly submission of the asset and liability report
- Calculate deferred tax asset/liabilities on a monthly basis
💡 Quick Summary
Seeking a career-building opportunity? The Finance Accounts Manager position is now open for candidates interested in the Bank Jobs sector. This role in Bangalore offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.