Suminter India Organics - Manager - Accounts

Designation: Accounting Manager Objective of Role: To manage, direct and develop the accounting department. Financial Reporting: - Prepare and review financial statements, including balance sheets, profit and loss statements, and cash flow statements. - Ensure monthly, quarterly, and annual reports are accurate and delivered on time. - Analyze financial reports and provide insights and recommendations to senior management. Accounts Payable & Receivable: - Oversee the accounts payable and accounts receivable functions to ensure timely and accurate processing of invoices, payments, and collections. - Implement and maintain processes to manage cash flow effectively and optimize working capital. - Resolve any discrepancies or issues related to accounts payable and receivable. Budgeting & Forecasting: - Assist in the preparation and monitoring of budgets and financial forecasts. - Provide financial analysis and insights to support budgeting and financial planning processes. - Track and report on budget variances and suggest corrective actions as needed. Process Improvement: - Identify and implement process improvements to enhance efficiency and accuracy within the accounting department. - Streamline financial procedures and systems to reduce errors and increase productivity. - Stay updated with industry best practices and technological advancements. Financial Analysis: - Perform financial analysis to support decision-making, including variance analysis, trend analysis, and cost analysis. - Prepare detailed financial reports and presentations for senior management and other stakeholders. - Monitor financial performance metrics and recommend improvements. Stakeholder Communication: - Communicate effectively with internal departments and external partners regarding financial matters. - Address and resolve financial queries and issues raised by other departments or external parties. - Provide support and financial advice to various departments as needed. Risk Management: - Identify potential financial risks and develop strategies to mitigate them. - Monitor financial transactions and reports to detect and address any irregularities or issues. Team Management: - Supervise and mentor a team of accountants, accounts payable, and accounts receivable staff. - Conduct performance reviews, provide training and development opportunities, and address any personnel issues. - Delegate tasks and ensure the timely completion of accounting processes and reports. Skills: - Knowledge of accounting standards - Tax risks & documentation - Cash & working capital Management - Software skills: quick books, A2000, excel - Communication skills: Written & Oral Competencies: Competency Segment Personal: - Assertiveness - Problem solving - Managing stress & work life balance - Interpersonal Communication Competency Segment Business: - Business process improvement - Knowledge management - Analytical Thinking Competency Segment Leadership: - Conflict & negotiation - Developing people - Managing team collaboration & delegation Experience: 6 to 10 years Education: A masters degree in accounts/CMA would be an added advantage.