Accounting manager

Job Description:

Job Summary:

The Accounts Manager will oversee day-to-day financial operations, ensuring accurate bookkeeping, timely financial reporting, compliance with statutory requirements, and support for budgeting and audit processes. The role plays a critical part in managing the financial health of the retail business, including inventory accounting, vendor payments, and store-level expense control.

Key Responsibilities:

1. Financial Accounting & Reporting:

• Supervise daily accounting operations including accounts payable, receivable, and general ledger.

• Prepare monthly, quarterly, and annual financial statements.

• Ensure timely closure of books of accounts.

• Conduct variance analysis and provide insights into financial performance.

2. Inventory and Cost Management:

• Monitor and reconcile inventory transactions across stores and warehouses.

• Work with the supply chain and merchandising teams to ensure correct valuation of inventory.

• Track shrinkage, wastage, and stock adjustments.

3. Compliance & Audit:

• Ensure compliance with statutory requirements including GST, TDS, income tax, and other applicable laws.

• Prepare and support statutory, internal, and tax audits.

• Maintain up-to-date documentation of financial policies and procedures.

4. Accounts Payable & Receivable:

• Monitor vendor payments, credit terms, and outstanding balances.

• Ensure timely billing and collections from channel partners or franchisees.

• Reconcile supplier and customer accounts regularly.

5. Budgeting & MIS:

• Assist in preparation of annual budgets and forecasts.

• Provide timely MIS reports to management for strategic decision-making.

• Analyze store-level profitability, cost centers, and overheads.

6. Team Leadership & Coordination:

• Lead a team of accountants and support staff.

• Train, guide, and review their work to ensure accuracy and efficiency.

• Coordinate with other departments such as operations, HR, and IT.

Qualifications & Experience:

• Bachelor’s or Master’s degree in Commerce, Finance, or Accounting.

• CA, CMA, or equivalent professional qualification preferred.

• 5–8 years of relevant experience in the retail or FMCG industry.

• Strong understanding of retail accounting practices, including POS integration and inventory valuation.

• Hands-on experience with ERP systems (e.g., SAP, Oracle, Tally) and MS Excel.

Key Skills:

• Attention to detail and high level of accuracy.

• Analytical and problem-solving skills.

• Excellent communication and interpersonal skills.

• Ability to work under pressure and meet tight deadlines.

• Leadership and team management capabilities.