Assistant Manager / Manager - Finance & Accounts

Transworld Furtichem Pvt. Ltd.; Navi Mumbai; On-site; INR 1,500,000 - 2,600,000; Full time

Job summary

Sayaji Foods Pvt. Ltd. is seeking an experienced finance professional to manage financial accounting, taxation, statutory compliance, budgeting, costing, treasury and financial reporting at its manufacturing facility.

The role focuses on strengthening internal controls, optimising working capital and supporting business decisions with MIS reporting and profitability analysis. The candidate will oversee end-to-end accounting, monthly close, and preparation of financial statements, while ensuring

Qualifications

• Experience in financial accounting and reporting for manufacturing.
• Exposure to GST, TDS, PF, ESI, and statutory compliance.
• Hands-on with budgeting, costing, and profitability analysis.

Responsibilities

• Manage end-to-end accounting, monthly and annual closing, and financial statements.
• Ensure GL maintenance, reconciliations, accruals and provisions.
• Prepare MIS, profitability statements and variance analysis for management.
• Ensure Ind AS and IFRS compliance where applicable.
• Oversee tax audits and statutory compliance with regulators.

Skills

Financial accounting

Reporting & MIS

GST & tax compliance

Budgeting & forecasting

Costing & BOM

Inventory management

Working capital management

Internal controls

IFRS/Ind AS knowledge

Audit & regulatory

ERP systems (SAP/SAP B1/Tally)

Excel & data analysis

Tools

SAP/SAP B1

Tally ERP

Job description

Sayaji Foods Pvt. Ltd. is looking for an experienced finance professional to manage financial accounting, taxation, statutory compliance, budgeting, costing, treasury, inventory controls and financial reporting at its manufacturing facility. The candidate will be responsible for ensuring financial accuracy, strengthening internal controls, optimising working capital and supporting business decisions through effective MIS reporting and profitability analysis.

Key Responsibilities

1. Financial Accounting & Reporting

• Manage end-to-end accounting, monthly and annual financial closing, and preparation of financial statements.
• Ensure accurate general ledger maintenance, account reconciliations, accruals and provisions.
• Prepare MIS reports, profitability statements, variance analysis and financial reports for management.
• Ensure compliance with applicable accounting standards, including Ind AS and IFRS, wherever applicable.

2. Taxation & Statutory Compliance

• Ensure timely compliance with GST, TDS, PF, ESI, Bonus Act, Labour Welfare Fund and other statutory requirements.
• Coordinate tax audits, assessments and regulatory matters with consultants and authorities.
• Maintain compliance records and strengthen statutory processes across business locations.

3. Treasury & Cash Flow Management

• Manage cash flow forecasting, working capital and liquidity planning.
• Oversee fund flow, vendor payments and foreign remittances in compliance with applicable FEMA regulations.
• Coordinate with banks for fund transfers, banking facilities and treasury operations.
• Develop contingency plans to manage cash flow requirements and vendor credit.

4. Budgeting, Costing & Business Finance

• Lead annual budgeting, rolling forecasts and budget-versus-actual analysis.
• Drive cost control, margin improvement and plant-level cost optimisation initiatives.
• Develop batch-wise costing models and Bill of Materials (BoM)-based cost tracking.
• Monitor raw material consumption, production yield, wastage and product costing.
• Analyse SKU-wise profitability and prepare detailed margin reports.
• Work closely with production, procurement and commercial teams to improve financial performance.

5. Inventory, Vendor & Customer Controls

• Conduct periodic inventory audits and reconcile stock across manufacturing facilities and warehouses.
• Monitor stock discrepancies and implement stronger inventory control processes.
• Manage vendor ledger reconciliation, GRN matching and invoice dispute resolution.
• Monitor customer accounts, outstanding payments, credit notes and debit adjustments.
• Implement credit control policies and track customer-wise payment schedules.
• Prepare accounts receivable (AR) ageing reports, sales outstanding reports and customer risk assessments.
• Coordinate with customers and internal teams to resolve ledger discrepancies and improve collections.

6. Audit, Team Management & Process Improvement

• Coordinate statutory, internal and cost audits and ensure timely closure of audit observations.
• Lead, mentor and develop the finance and accounts team.
• Strengthen internal financial controls, risk management and compliance procedures.
• Drive process automation, ERP integration and improvements in accounting operations.
• Support management with financial analysis and recommendations for business decisions.

Required Skills

• Financial Accounting and Reporting
• GST, TDS and Statutory Compliance
• Budgeting and Financial Planning
• Cost Accounting and Product Costing
• Manufacturing and Plant Accounting
• Inventory Management and Reconciliation
• Working Capital and Cash Flow Management
• MIS Reporting and Variance Analysis
• Accounts Receivable and Credit Control
• Vendor Reconciliation and Payment Management
• Statutory, Internal and Cost Audits
• ERP Systems SAP / SAP B1 / Tally ERP
• Advanced MS Excel and Financial Analysis
• Team Leadership and Process Improvement

Desired Candidate Profile

• 5 - 15 years of experience in Finance & Accounts, including at least 5 years in a managerial or team-handling role.
• Experience in manufacturing, food processing, FMCG or similar industries with plant-level operations.
• Strong knowledge of accounting standards, taxation, statutory compliance and financial reporting.
• Hands-on experience in product costing, BoM management, inventory control and profitability analysis.
• Proven experience in cash flow management, budgeting, audits and working capital optimisation.
• Familiarity with ERP systems such as SAP, SAP B1 or Tally ERP.
• Strong analytical, communication, leadership and problem-solving skills.