Finance & Accounts Manager

Theia New Consultancy; Nanjanagudu; On-site; INR 1,200,000 - 1,500,000; Full time

Job summary

Theia New Consultancy is seeking a Finance Leader to oversee financial accounting, reporting, planning, costing and working capital management. The role focuses on delivering timely financial information to management and investors, driving profitability, and strengthening controls.

Responsibilities include ERP enhancement, product costing, inventory control, MIS and unit profitability analysis, with emphasis on GST and regulatory compliance. A strong partner to senior management is essential.

Qualifications

• Strong experience in product costing and manufacturing accounting.
• Good understanding of inventory, production processes and supply chain.
• Experience in budgeting, forecasting and financial modelling.
• Experience in GST, Income Tax, TDS and statutory compliance.
• Experience in ERP systems and finance process automation.

Responsibilities

• Lead financial accounting, reporting, planning, costing and working capital management.
• Provide accurate financial information to management and investors.
• Drive profitability improvement and strengthen financial controls.
• ERP enhancement and automation for finance processes and MIS.
• Prepare monthly MIS and management dashboards with profitability analyses.
• Ensure GST, Income Tax, TDS compliance and regulatory filings.

Skills

Excel

Financial reporting

ERP systems

Process automation

Product costing

Forecasting

GST & Tax

Audit support

Stakeholder management

Cost optimization

Tools

ERP systems

Job description

To lead the financial accounting, reporting, planning, costing, working capital management and financial control functions of the organization. The role will be responsible for providing accurate and timely financial information to management and investors, driving profitability improvement, strengthening financial controls, supporting

business decisions and ensuring compliance with applicable taxation, accounting and regulatory requirements. The position will also play a key role in ERP enhancement, process automation, product costing, inventory control, MIS and product/unit-wise profitability analysis.

Role & responsibilities

A. Financial Planning, Budgeting & Forecasting

• Drive the annual budgeting and financial planning process in coordination with business and functional heads.
• Support management in strategic financial decisions and business expansion plans.

B. Financial Accounting & Reporting

• Ensure accurate and timely accounting and monthly/quarterly/yearly financial closing.
• Prepare and review Profit & Loss Account, Balance Sheet, Cash Flow and other financial statements.
• Ensure proper accounting treatment in accordance with applicable accounting standards and company policies.
• Prepare and review detailed Balance Sheet schedules and reconciliations.
• Monitor provisions, accruals, prepaid expenses, fixed assets, loans, advances, deposits and other balance sheet items.
• Ensure timely closure of books and maintain strong financial controls.

C. MIS & Management Reporting

• Prepare comprehensive monthly MIS and management dashboards.
• Develop and monitor:
• Product-wise & Unit-wise profitability
• Working capital
• Inventory ageing
• Receivable ageing
• Provide meaningful financial analysis and recommendations to management.
• Prepare periodic reports for investors, management and other stakeholders.

D. Product Costing & Pricing

• Analyze raw material, labour, power, overhead, packing, freight and other conversion costs.
• Support the commercial/sales team in pricing decisions and quotation analysis.
• Identify opportunities for cost reduction and margin improvement.

E. Working Capital Management

• Effectively manage receivables, inventory and payables.
• Monitor cash flow and working capital requirements.
• Prepare cash flow forecasts and funding requirements.
• Monitor customer credit limits, overdue receivables and collection performance.
• Analyze inventory ageing and slow/non-moving inventory.
• Coordinate with procurement and supply chain teams to optimize inventory levels.
• Monitor supplier payment terms and optimize payable cycles without affecting business continuity.

F. Inventory Control & Valuation

• Establish strong controls over raw materials, WIP, finished goods, consumables, spares and scrap.
• Ensure proper inventory valuation in accordance with accounting policies.
• Review inventory ageing, slow-moving and obsolete stock.
• Coordinate periodic and annual physical verification of inventory.
• Reconcile physical stock with ERP records and investigate variances.
• Work closely with production, stores, procurement and supply chain teams to improve inventory accuracy.
• Analyze material consumption, yield, wastage and scrap and report significant variances.

G. ERP Enhancement & Automation

• Act as Finance representative for ERP process improvement and automation.
• Improve automation of accounting, MIS, costing, inventory and reporting processes.
• Develop standardized reports and dashboards to reduce manual intervention.

H. Taxation & Regulatory Compliance

• Ensure timely compliance with GST, Income Tax, TDS and other applicable statutory requirements.
• Ensure proper documentation and compliance for export transactions.
• Monitor changes in taxation laws and assess their financial impact.
• Coordinate statutory filings and other regulatory requirements applicable to the company.

I. Export Benefits & Incentives

• Monitor and track export benefits, incentives, refunds and receivables.
• Maintain proper reconciliation and ageing of export benefit receivables.
• Ensure correct accounting and recognition of export incentives and benefits.

J. Receivables & Payables

• Monitor customer receivables and ageing on a regular basis.
• Review overdue accounts and coordinate with sales/commercial teams for collections.
• Monitor customer credit limits and payment terms.
• Review vendor balances and payable ageing.
• Ensure vendor reconciliations and timely resolution of disputed balances.

K. Audit & Internal Controls

• Coordinate with Statutory Auditors, Internal Auditors, Tax Auditors and other professional advisors.
• Ensure timely preparation of audit schedules and supporting documents.
• Review audit observations and implement corrective actions.
• Strengthen internal financial controls and SOPs.
• Identify financial and operational risks and recommend appropriate controls.
• Develop financial KPIs for operational functions.

Preferred candidate profile

• Strong experience in product costing and manufacturing accounting.
• Good understanding of inventory, production processes and supply chain.
• Experience in budgeting, forecasting and financial modelling.
• Strong working knowledge of GST, Income Tax, TDS and statutory compliance.
• Experience in ERP systems and finance process automation.
• Strong Excel and financial reporting skills.
• Experience in handling internal and statutory audits.
• Good analytical and problem-solving ability.
• Strong communication and stakeholder management skills.
• Ability to work independently and interact effectively with senior management.

The person should function not merely as an accounting professional but as a Finance Business Partner, providing management with accurate financial information, profitability insights, cost optimization opportunities and forward-looking financial analysis. The position is expected to strengthen financial controls, improve working capital,

enhance MIS and ERP automation, improve product profitability and support management in achieving sustainable business growth.