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LUXASIA

Finance Manager

LocationMumbai, Maharashtra, India
Work modeon-site
Typefull-time
DepartmentFinance
Company size1,001–5,000 people
First seen1w ago
Last seen2d ago
Key Responsibilities
Financial Accounting & Reporting
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Ensure proper, accurate, and timely maintenance of day-to-day accounting and financial records
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Prepare monthly and annual financial statements and ensure timely finalization of the Balance Sheet
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Perform general accounting activities including Journal Vouchers (JVs)
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Maintain accounting records in SAP and ensure adherence to company accounting policies and Group policies and procedures
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Introduce and implement best accounting practices and process improvements
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Prepare management reports (MIS), financial analysis and other reports required by senior management and the Group
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Assist in preparation of Long-Term Plans (LTP) and annual business plans (budgets) in co-ordination with other departments
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Monitor actual expenditure against budgets and report variances with appropriate analysis
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Analyze profitability and recommend measures for cost optimization
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Monitor reimbursements receivable from various brands
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Monitor accounting and provisions brand wise for discounts and various schemes
Accounts Payable & Receivable
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Manage Accounts Payable processes including vendor invoice verification, purchase order validation, payment processing and vendor reconciliations
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Monitor vendor advances and recover excess payments where applicable
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Handle Accounts Receivable reconciliation and communicate effectively with customers regarding outstanding balances
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Prepare AR reports for monthly MIS and management review
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Perform related party reconciliations in both vendor & customer accounts
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Account for related party transactions in compliance with applicable accounting standards and company policies
Payroll & Employee Cost Accounting
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Ensure accurate accounting of wages, salaries, incentives, allowances, statutory deductions and employee benefits
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Ensure timely processing and disbursement of payroll and employee-related payments
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Maintain accounting records relating to manpower costs and employee benefit obligations
Banking & Treasury
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Coordinate foreign remittances and import-related payments with banks
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Prepare stock statements, Financial Follow-up Reports (FFR), CMA data and other banking submissions
Statutory Compliance
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Ensure timely payment of statutory dues including GST, TDS, TCS, PF, ESI, Professional Tax and other applicable statutory liabilities
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Ensure compliance with Companies Act and other applicable financial regulations
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Support statutory filings and ensure compliance without penalties or interest
Inventory & Fixed Asset Management
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Conduct periodic inventory reconciliations and stock verification in coordination with warehouse team
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Establish and monitor inventory management and stock verification processes
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Maintain the Fixed Asset Register with complete details of asset location, movement, capitalization and disposal
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Ensure physical identification, numbering and safeguarding of company assets
Audit & Compliance
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Coordinate with internal auditors, statutory auditors and external consultants
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Prepare audit schedules and provide necessary documentation during audits
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Address audit observations and ensure timely closure of audit queries
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Strengthening internal controls and compliance processes
Cash & Administrative Accounting
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Monitor petty cash utilization and controls
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Ensure proper documentation for banking and finance-related transactions
Additional Responsibilities
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Support management with financial analysis and business insights through a 360-degree understanding of business operations
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Participate in continuous improvement initiatives related to finance and accounting processes
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Perform any additional finance, accounting or compliance responsibilities assigned by management from time to time
Required Skills & Competencies
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Strong knowledge of Financial Accounting, Cost Accounting and Corporate Finance
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6 to 8 years of experience
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Hands-on experience with SAP ERP environment
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Strong understanding of Indian Accounting Standards, GST, TDS, TCS, Companies Act and other statutory compliances
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Experience in budgeting, forecasting, MIS reporting and financial analysis
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Knowledge of inventory accounting, fixed asset accounting, payroll accounting and treasury operations
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Experience in handling statutory and internal audit
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Excellent analytical, problem-solving and organizational skills
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Strong communication and stakeholder management abilities
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Ability to work independently with minimal supervision
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High attention to detail, integrity and commitment to deadlines
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