Manager - Finance and Accounts

Bannari Amman Spinning Mills; Coimbatore District; On-site; INR 1,200,000 - 1,500,000; Full time

Job summary

Bannari Amman Spinning Mills Limited in Coimbatore seeks a Qualified Chartered Accountant with 3–5 years post-qualification experience to lead the Finance & Accounts function and advise management.

Responsibilities include MIS and management reporting, Ind AS financials, working capital, budgeting, P2P, tax, audits, and internal controls to improve profitability.

Eligibility: CA mandatory; textile experience preferred; age below 40; CTC 12–15 LPA; male candidates only.

Qualifications

• Strong knowledge of accounting, taxation, and financial reporting.
• Experience in textile/spinning mill costing and finance operations.
• Good MIS, analytical and Excel skills.

Responsibilities

• MIS & Management Reporting: daily, weekly and monthly MIS covering sales, profitability, working capital, receivables and payables.
• Ind AS Financial Reporting: quarterly financial statements, schedules, reconciliations and disclosures.
• Working Capital & Treasury: monitor cash flows, receivables, payables, inventory and banking facilities.
• Budgeting & Forecasting: annual budgets, forecasts and variance analysis.
• P2P & Receivables Management: vendor payments, customer outstanding, ageing and collection.
• Investment & Payback Analysis: payback, ROI/IRR for Capex and projects.
• Tax & Statutory Compliance: TDS, Income Tax, GST and returns.
• Banking & Fund Management: banking relationships and fund management.
• Cost & Profitability Management: monitor costs, margins and EBITDA.
• Audit & Internal Controls: coordinate with auditors and strengthen controls.
• Financial Analysis & Decision Support: pricing, investments and strategic decisions.
• Team & Process Management: lead finance team and improve processes.

Skills

Accounting & Taxation

GST & TDS

MIS & Analytics

Excel proficient

ERP/SAP

Leadership

Decision Making

Education

Chartered Accountant (CA)

Tools

ERP/SAP

Job description

JOB DESCRIPTION : MANAGER FINANCE & ACCOUNTS
Company: Bannari Amman Spinning Mills Limited
Location: Coimbatore, Tamil Nadu
Position: Manager Finance & Accounts
Experience: 3 - 5 Years (Freshers can also apply)
Qualification: Qualified Chartered Accountant (CA)
Industry Preference: Textile / Any Manufacturing Industry
Job Summary
We are looking for a Qualified Chartered Accountant with 3 - 5 years of relevant experience in the Textile/Any industry to manage the complete Finance & Accounts function and provide financial insights to Management.
Key Responsibilities
MIS & Management Reporting: Preparation and review of daily, weekly and monthly MIS covering sales, profitability, working capital, receivables, payables and key business performance indicators.
Ind AS Financial Reporting: Preparation and review of quarterly Ind AS financial statements, schedules, reconciliations and disclosures.
Working Capital & Treasury: Monitoring cash flows, receivables, payables, inventory and banking facilities to optimize liquidity and finance costs.
Budgeting & Forecasting: Preparation of annual budgets, forecasts and business plans, with periodic variance analysis and corrective actions.
P2P & Receivables Management: Oversight of procure-to-pay processes, vendor payments, customer outstanding, ageing, credit control and collection performance.
Investment & Payback Analysis: Preparation of payback, ROI/IRR and financial feasibility analysis for Capex, projects and business proposals.
Tax & Statutory Compliance: Oversight of TDS, Income Tax, GST and other finance-related statutory compliances, including reconciliations, returns and notices.
Banking & Fund Management: Managing banking relationships, working capital limits, fund requirements, renewals, enhancements and interest negotiations.
Cost & Profitability Management: Monitoring costs, margins and EBITDA, identifying cost-saving opportunities and improving overall profitability.
Audit & Internal Controls: Coordination with statutory/internal/tax auditors and strengthening financial controls, reconciliations and compliance processes.
Financial Analysis & Decision Support: Providing financial analysis and recommendations to senior management for pricing, investments, credit, expansion and strategic decisions.
Team & Process Management: Leading the finance team, reviewing performance, improving finance processes and ensuring timely completion of reporting and compliances.
Required Skills

• Strong knowledge of Accounting, Taxation and Financial Reporting.
• Good understanding of GST, TDS and Income Tax.
• Experience in textile/spinning mill costing and finance operations.
• Strong MIS, analytical and Excel skills.
• Knowledge of ERP/SAP will be an added advantage.
• Good leadership, communication and decision-making skills.

Eligibility

• Qualified Chartered Accountant (CA) Mandatory
• 3 - 5 years of post-qualification experience.
• Candidates with relevant experience in textile mills/spinning mills will be preferred.

Additional Details

• Age: Below 40 years
• CTC: 12 - 15 LPA
• Gender: Male candidates only