Financial Operations & Compliance:
- Prepare company's full set of accounts, including General Ledger, Accounts Payable, Accounts Receivable, and Petty Cash in QuickBooks and ERP
- Supervise day-to-day financial operations, including posting, reconciliation, and verification of all transactions
- Ensure accurate and timely recording of sales, purchases, expenses, production costs, and payroll
- Track client payments, issue invoices, and follow up on outstanding dues
- Maintain accurate financial records and ensure timely statutory reporting
- Review supplier bills, vouchers, and supporting documents to ensure compliance and audit readiness
- Arrange timely payments, and maintain strong vendor relationships
- Ensure proper aging reports, payment schedules, and credit control management
- Assist in preparation of monthly, quarterly, and annual financial statements (Balance Sheet, P&L, Cash Flow).
- Reconcile bank statements, supplier accounts, client accounts, and factory stock records regularly.
- Develop, implement, and maintain effective internal control systems to safeguard assets.
- Ensure proper documentation, filing, and compliance with company policies.
- Liaise with external auditors during audits and regulatory inspections.
- Monthly, Quarterly, Half yearly and Annually stock count along with store department
- Post and check accounting and stock data in ERP system
- Ensure correct calculation of raw materials and manufacturing costs in ERP system
Direct and Indirect tax as well as Statutory Compliance
- Ensure all statutory requirements related to VAT, Income Tax, and Customs are properly met
- Ensure all financial compliances for factory including Direct Tax, Indirect Tax, VAT, and compliance under Companies Act.
- Coordinate with VAT offices, tax consultants, and auditors for timely submission of returns and disclosures
- Keep updated on relevant laws and ensure company-wide compliance
Budgeting, Forecasting & Cost Management
- Perform monthly and periodic costing of products in coordination with factory team
- Analyze factory financial data and provide insights to the factory team to support efficient factory operations.
- Manage budgeting, forecasting, and variance analysis for factory operations
- Prepare annual budgets, financial forecasts, and variance reports
- Monitor product-wise expenses, cost of goods sold (COGS), and factory overheads
- Recommend cost control measures and financial improvement strategies to management
- Frequently update manufacturing costs for all items produced
Team Leadership & Coordination
- Supervise, guide, and develop junior finance staff, ensuring accuracy and timely delivery of tasks.
- Maintain a collaborative work environment and support cross-functional teams including production, supply chain, and commercial
Reporting & Management Support
- Prepare and present periodic financial reports to senior management
- Assist top management in strategic planning, investment decisions, and business expansion analysis
- Handle sensitive financial data with confidentiality and integrity
Other Responsibilities
- Continuously review financial processes and recommend improvements for efficiency.
- Support factory operations with financial insights and risk assessments
- Any other tasks assigned by Management.