Finance Manager

Luxasia; Hinoba-an; On-site; PHP 792,000 - 1,188,000; Full time

Job summary

Luxasia is seeking an experienced finance professional to oversee end-to-end accounting and financial reporting, ensuring accuracy and timeliness in all records. The role covers general accounting, payroll, AP/AR, treasury, statutory compliance, inventory and fixed assets, and internal controls.

The ideal candidate will have hands-on SAP ERP experience, strong knowledge of Indian accounting standards, GST, and regulatory requirements, and will collaborate with auditors and senior management to

Qualifications

• 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.

Responsibilities

• Maintain day-to-day accounting and financial records with accuracy and timeliness.
• Prepare monthly and annual financial statements and finalize the Balance Sheet.
• Perform general accounting activities including Journal Vouchers (JVs).
• Maintain accounting records in SAP and adhere to policies.
• Introduce and implement best accounting practices and process improvements.
• Prepare MIS reports and financial analyses for senior management.
• Assist in Long-Term Plans and annual budgets with other departments.
• Monitor expenditures, compare with budgets, and analyze variances.
• Analyze profitability and suggest cost-optimization measures.
• Monitor reimbursements from brands and brand-wise provisions for discounts.
• Manage Accounts Payable processes including vendor invoices, PO validation, payment processing and reconciliations.
• Monitor vendor advances and recover excess payments.
• Handle Accounts Receivable reconciliation and communications about outstanding balances.
• Prepare AR reports for monthly MIS and management review.
• Perform related party reconciliations in vendor & customer accounts.
• Account for related party transactions following standards.
• Ensure accurate payroll accounting and timely disbursement of payroll and related payments.
• Maintain manpower cost accounting and employee benefit obligations.
• Coordinate foreign remittances and import-related payments with banks.
• Prepare stock statements, FFR, CMA data and other banking submissions.
• Ensure timely payment of GST, TDS, TCS, PF, ESI, Professional Tax and other liabilities.
• Ensure compliance with Companies Act and other regulations.
• Support statutory filings and ensure no penalties.
• Inventory reconciliations and stock verification with warehouse.
• Maintain Fixed Asset Register with location, movement and disposal.
• Strengthen internal controls and compliance processes.
• Coordinate with internal and external auditors and respond to audit queries.
• Monitor petty cash usage and maintain controls.
• Support finance team with analysis and business insights.

Skills

Financial accounting

Cost accounting

Corporate finance

SAP ERP

GST

TDS

TCS

Budgeting

Forecasting

MIS reporting

Financial analysis

Inventory accounting

Fixed asset accounting

Payroll accounting

Treasury operations

Audit coordination

Internal controls

Tools

SAP ERP

Job description

Key Responsibilities

Financial Accounting & Reporting

• 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