Designation: Account and Finance Manager
Total Experience: 6-7 Years
Job Description:
The Account and Finance Manager plays a pivotal role in the financial health and management of the organization. This role involves overseeing financial operations, ensuring compliance with tax regulations, and maintaining precise financial records. Below is a comprehensive job description outlining key responsibilities and qualifications for this position:
Key Responsibilities:
1. Financial Planning and Management:
- Develop and execute financial strategies, policies, and procedures to ensure the company's financial stability and growth.
- Prepare and manage the annual budget, financial forecasts, and cash flow projections.
- Monitor financial performance, analyze variances, and provide recommendations for improvements.
- Maintain a strong financial control environment to safeguard company assets.
2. Accounting:
- Supervise daily accounting operations, including accounts payable, accounts receivable, and general ledger.
- Ensure accurate and timely recording of financial transactions.
- Prepare financial statements, balance sheets, and income statements.
- Coordinate and oversee the annual financial audit process.
3. Taxation and Compliance:
- Manage compliance with GST (Goods and Services Tax) regulations and file GST returns.
- Ensure TDS (Tax Deducted at Source) compliance, deductions, and timely deposit of TDS with the authorities.
- Handle GST and TDS audits, as well as respond to tax authorities' queries.
- Stay updated on changes in tax laws and update company policies accordingly.
4. Bank Reconciliation:
- Reconcile company bank statements with internal records regularly.
- Investigate and resolve discrepancies and outstanding items.
- Maintain accurate and up-to-date cash flow reporting.
5. Financial Reporting and Analysis:
- Generate and present financial reports to senior management and stakeholders.
- Analyze financial data to provide insights and recommendations for cost reduction, revenue enhancement, and profitability improvement