Assistant Accounting Manager

Company Description

A prominent HVAC manufacturing MNC.

Role Description

This position will oversee and manage all financial and accounting operations at the plant, ensuring compliance with regulatory requirements, accurate financial reporting, and efficient cost management.

Key Responsibilities:

1. Inventory Control and Reporting

• Monitor inventory levels and perform reconciliations to ensure accuracy.
• Generate periodic inventory reports and identify discrepancies.
• Work with relevant teams to optimize inventory processes.

2.Budgetary Control & MIS Preparations

• Assist in preparing the annual budget and monitoring adherence.
• Analyze budget variances and recommend corrective actions.
• Prepare and present timely and accurate MIS reports for management.

3.Cost Sheet Preparation

• Develop and maintain cost sheets for products and services.
• Analyze cost data to support decision-making and cost control.

4.Controlling of Accounts Payable

• Manage accounts payable processes, ensuring accuracy and timely payments.
• Monitor vendor accounts and resolve payment issues.
• Ensure proper documentation and compliance with company policies.

5.GST Compliance

• Ensure timely filing of GST returns and adherence to all GST regulations.
• Maintain proper documentation for GST audits and assessments.

6.TDS Compliance

• Manage TDS-related activities, including accurate deductions and return filings.
• Address queries related to TDS compliance and reconciliation.

7.Fixed Asset Management

• Maintain an updated record of fixed assets, including acquisitions, disposals, and transfers.
• Ensure accurate calculation and recording of depreciation.
• Conduct periodic physical verification of assets.

8.Monthly Closing and Reporting

• Perform month-end financial closings, including reconciliations and journal entries.
• Prepare and submit monthly financial reports to management.
• Address queries related to financial performance.

Qualifications and Skills:

• Bachelors or Masters degree in Finance, Accounting, or a related field.
• Professional certifications (e.g., CA, CMA, or equivalent) will be an advantage.
• Proven experience in a similar role, preferably in a manufacturing or plant setup.
• Strong knowledge of GST, TDS, and other financial regulations.
• Proficiency in accounting software and ERP systems.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and organizational abilities.
• Effective communication and interpersonal skills.