Finance Manager

Luxasia; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

LUXASIA in Mumbai, India invites an experienced finance professional to manage day-to-day accounting, close monthly and annual books, and ensure accuracy of the Balance Sheet. The role emphasizes SAP ERP, strict adherence to company policies, and continuous process improvement in financial controls.

You will prepare MIS and analyses, assist in budgets and long-term plans, monitor variances, and coordinate with statutory authorities to ensure GST, TDS, and other filings.

Qualifications

• 6–8 years of accounting experience.
• Hands-on SAP ERP experience.
• Strong knowledge of Indian tax compliance (GST, TDS, TCS).
• Proficient in budgeting, MIS reporting and financial analysis.

Responsibilities

• Maintain day-to-day accounting records and monthly/annual statements.
• Manage accounts payable/receivable and vendor reconciliations.
• Ensure statutory compliance under GST, TDS, TCS and Companies Act.
• Oversee payroll accounting and treasury operations.
• Prepare management reports and support budgeting and forecasts.

Skills

Financial Accounting

Cost Accounting

Corporate Finance

Tools

SAP ERP

Job description

Key Responsibilities

• Ensure proper, accurate, and timely maintenance of day-to-day accounting and financial records
• Prepare monthly and annual financial statements and ensure timely finalization of the Balance Sheet
• Perform general accounting activities including Journal Vouchers (JVs)
• Maintain accounting records in SAP and ensure adherence to company accounting policies and Group policies and procedures
• Introduce and implement best accounting practices and process improvements
• Prepare management reports (MIS), financial analysis and other reports required by senior management and the Group
• Assist in preparation of Long-Term Plans (LTP) and annual business plans (budgets) in co-ordination with other departments
• Monitor actual expenditure against budgets and report variances with appropriate analysis
• Analyze profitability and recommend measures for cost optimization
• Monitor reimbursements receivable from various brands
• Monitor accounting and provisions brand wise for discounts and various schemes

Accounts Payable & Receivable

• Manage Accounts Payable processes including vendor invoice verification, purchase order validation, payment processing and vendor reconciliations
• Monitor vendor advances and recover excess payments where applicable
• Handle Accounts Receivable reconciliation and communicate effectively with customers regarding outstanding balances
• Prepare AR reports for monthly MIS and management review
• Perform related party reconciliations in both vendor & customer accounts
• Account for related party transactions in compliance with applicable accounting standards and company policies

Payroll & Employee Cost Accounting

• Ensure accurate accounting of wages, salaries, incentives, allowances, statutory deductions and employee benefits
• Ensure timely processing and disbursement of payroll and employee-related payments
• Maintain accounting records relating to manpower costs and employee benefit obligations

Banking & Treasury

• Coordinate foreign remittances and import-related payments with banks
• Prepare stock statements, Financial Follow-up Reports (FFR), CMA data and other banking submissions

Statutory Compliance

• Ensure timely payment of statutory dues including GST, TDS, TCS, PF, ESI, Professional Tax and other applicable statutory liabilities
• Ensure compliance with Companies Act and other applicable financial regulations
• Support statutory filings and ensure compliance without penalties or interest

Inventory & Fixed Asset Management

• Conduct periodic inventory reconciliations and stock verification in coordination with warehouse team
• Establish and monitor inventory management and stock verification processes
• Maintain the Fixed Asset Register with complete details of asset location, movement, capitalization and disposal
• Ensure physical identification, numbering and safeguarding of company assets

Audit & Compliance

• Coordinate with internal auditors, statutory auditors and external consultants
• Prepare audit schedules and provide necessary documentation during audits
• Address audit observations and ensure timely closure of audit queries
• Strengthening internal controls and compliance processes

Cash & Administrative Accounting

• Monitor petty cash utilization and controls
• Ensure proper documentation for banking and finance-related transactions

Additional Responsibilities

• Support management with financial analysis and business insights through a 360-degree understanding of business operations
• Participate in continuous improvement initiatives related to finance and accounting processes
• Perform any additional finance, accounting or compliance responsibilities assigned by management from time to time

Required Skills & Competencies

• Strong knowledge of Financial Accounting, Cost Accounting and Corporate Finance
• 6 to 8 years of experience
• Hands-on experience with SAP ERP environment
• Strong understanding of Indian Accounting Standards, GST, TDS, TCS, Companies Act and other statutory compliances
• Experience in budgeting, forecasting, MIS reporting and financial analysis
• Knowledge of inventory accounting, fixed asset accounting, payroll accounting and treasury operations
• Experience in handling statutory and internal audit
• Excellent analytical, problem-solving and organizational skills
• Strong communication and stakeholder management abilities
• Ability to work independently with minimal supervision
• High attention to detail, integrity and commitment to deadlines