Finance Manager

Dainik Bhaskar Group; Chhatrapati Sambhajinagar District; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Dainik Bhaskar Group invites a seasoned Finance & Accounts professional to join our core team in Maharashtra. You will manage end-to-end accounting, ensure IND AS compliant reporting, oversee Capex/Opex budgeting, inventory control, and cost optimization, while negotiating with vendors.

Key duties include close and balance sheet finalisation, AR/AP management, GST and tax compliance, SAP FI/CO operations, and cash flow forecasting to support strategic decisions.

Qualifications

• End-to-end accounting and financial reporting in IND AS.
• Capex/Opex budgeting and variance analysis.
• AR/AP management, vendor negotiations, GST compliance.

Responsibilities

• Financial closing and balance sheet finalisation per IND AS.
• Capex and Opex budgeting, variance analysis, ROI calculations.
• AR & AP management to optimize cash flow and working capital.
• Inventory accounting, stock valuation, and store reconciliations.
• Cost control and vendor negotiations for favorable terms.
• SAP FI/CO operations, tax compliance including GST, TDS, and filings.

Skills

SAP FI/CO

Accounts Receivable

Accounts Payable

Financial Reporting

Cost Optimization

Tools

SAP FI/CO

Job description

Role & responsibilities

We are seeking a dynamic and detail-oriented Finance & Accounts professional to join our core team. The ideal candidate will be responsible for end-to-end accounting operations, financial reporting in compliance with IND AS, capital and operational expenditure management, inventory control, and cost optimization. This role requires strong hands-on experience in SAP (FI/CO modules), debtor and creditor management, and vendor negotiations.

Preferred candidate profile

Key Responsibilities

1. Financial Accounting & Balance Sheet Finalisation

• Lead periodic financial closing and finalisation of financial statements in accordance with IND AS and statutory guidelines.
• Ensure general ledger integrity, accurate month-end and year-end accruals, and comprehensive balance sheet reconciliations.
• Prepare documentation for internal, statutory, and tax audits.

2. Capex & Opex Management

• Evaluate, track, and monitor Capital Expenditure (Capex) and Operational Expenditure (Opex) budgets.
• Perform variance analysis comparing actual spend against approved budgets, recommending corrective actions where needed.
• Assist management with financial feasibility, ROI, and payback period calculations for major capital projects.

3. Debtor & Creditor Management

• Oversee Accounts Receivable (AR) and Accounts Payable (AP) functions to optimize cash flow and working capital.
• Monitor credit limits, aging analysis, and timely collection of outstanding receivables.
• Manage vendor payables, payment cycles, contractor bill verification, and reconciliation.

4. Inventory & Store Management

• Oversee inventory accounting, stock valuation, and store reconciliations in alignment with physical stock audits.
• Monitor slow-moving and obsolete stock to minimize write-offs and optimize working capital.
• Coordinate with supply chain and store teams for seamless material movement accounting.

5. Cost Management & Negotiation

• Implement cost control measures and conduct cost-benefit analyses across operations.
• Collaborate with procurement and logistics teams to negotiate favorable commercial terms, payment schedules, and discounts with vendors.
• Analyze product/project costing, standard vs. actual costs, and operational efficiencies.

6. Systems & Statutory Compliance (SAP & Taxation)

• Execute day-to-day finance transactions and reporting using SAP (FI/CO).
• Ensure compliance with Direct and Indirect Tax regulations, including GST, TDS, Advance Tax, and return filings.
• Manage banking operations, cash flow forecasting, and CC limit renewals.