Assistant Manager- Finance & Accounting

PRESPL; Mohali; On-site; INR 700,000 - 1,000,000; Full time

Job summary

PRESPL is seeking an experienced finance professional to oversee accounting, MIS reporting, and financial controls. The role involves managing month-end closings, reconciliations, and coordinating audits while ensuring compliance with GST, TDS, and income tax obligations.

Ideal candidate will lead a finance team, drive budgeting and forecasting, and maintain data integrity across sites. The position emphasizes collaboration and confidentiality in handling sensitive financial information.

Qualifications

Responsibilities

• Prepare MIS reports as required by management.
• Prepare financial statements in line with accounting standards.
• Coordinate with statutory and internal auditors; ensure timely audit query closures.
• Manage intercompany and inter-branch reconciliations.
• Scrutinize debtors and creditors balances.
• Follow up with customers for timely invoicing and revenue recognition.
• Review and validate accounting entries and team deliverables.
• Implement and monitor internal financial controls and accounting processes.
• Guide and support team on accounting and finance matters.
• Oversee daily operations of the finance and accounts department.
• Ensure accuracy and integrity of financial data.
• Monitor inventory valuation accuracy.
• Collaborate with internal teams; support budgeting, forecasting, and planning.
• Maintain confidentiality of financial data and business strategies.

Job description

1. Basic Function

• Preparation and analysis of various MIS reports as per management requirements.
• Preparation of financial statements in compliance with applicable accounting standards.
• Coordination with statutory auditors and internal auditors, ensuring timely closure of audit queries.
• Management of intercompany and inter-branch reconciliations.
• Scrutiny and monitoring of debtors and creditors balances.
• Regular follow-up with customers to ensure timely invoicing and revenue recognition.
• Review and validation of accounting entries and team deliverables.
• Implementation and monitoring of internal financial controls and accounting processes.
• Providing guidance and support to team members on accounting and finance-related matters.
• Overseeing daily operations of the finance and accounts department.
• Ensuring accuracy and integrity of financial data.
• Monitoring and ensuring accuracy of inventory valuation.

2. Key Responsibility Areas (KRAs)

A. Accounting & Financial Control

• Review accounting entries related to procurement, logistics, and sales.
• Ensure completeness and compliance of books of accounts and statutory filings (GST, TDS, Income Tax).
• Scrutiny of General Ledger, Accounts Payable, and Accounts Receivable.
• Manage month-end and year-end closing with proper provisions and accruals.

B. Biomass Procurement & Costing

• Monitor cost per MT
• Identify cost leakages and suggest cost optimization measures.

C. Inventory & Site Accounting

• Track stock movement (inward,processing, dispatch, wastage) across locations.
• Ensure periodic physical stock verification and reconciliation with books.
• Monitor inventory aging, losses, and shrinkage.

D. Receivables & Payables Management

• Monitor customer accounts for delayed payments and credit risks.
• Ensure timely invoicing and collection follow-ups.
• Process vendor payments as per agreed terms.

E. Reconciliation & Compliance

• Perform bank, inter-branch, vendor, and customer reconciliations.
• Ensure compliance with GST (including e-invoicing, e-way bills) and TDS provisions.
• Verify accounting treatment of RA bills, CAPEX, OPEX, and service invoices.

F. Reporting & MIS

• Prepare site-wise profitability reports.
• Provide insights on logistics efficiency, cost trends, and margin analysis.
• Prepare schedules and reports as required by Head Office and management.

3. Additional Responsibilities

• Collaborate with internal teams.
• Support management in budgeting, forecasting, and business planning.
• Maintain strict confidentiality of financial data and business strategies.
• Perform any other duties assigned by seniors.