Manager - Finance

Job Description:

About Processware Systems

Processware Systems is a leading provider of banking and financial technology solutions, offering the BankSoft Core Banking Solution and related digital banking products to banks, microfinance institutions, and financial organizations across multiple geographies. We are seeking a highly motivated finance professional to manage the company's financial operations, compliance, reporting, and strategic financial planning.

Mandatory languages: English and Kannada

Working Days: 6 days a week (2nd and 4th Saturday half day and 1st and 3rd Saturday full day)

Position Summary

The Manager – Finance will be responsible for overseeing accounting operations, financial reporting, budgeting, taxation, statutory compliance, treasury management, and financial controls. The role requires strong analytical skills, attention to detail, and the ability to work closely with management in supporting business growth and operational excellence.

Educational Qualification

• CA Intermediate (Mandatory)
• Bachelor's Degree in Commerce (B.Com), Finance, Accounting, or related discipline
• Additional qualifications such as CMA, MBA (Finance), or CA Final (appeared/pursuing) will be an added advantage.

Experience

• Minimum 5 years of relevant experience in Finance & Accounts
• Experience in IT, SaaS, Software Product, or Technology companies preferred
• Experience in handling GST, TDS, Income Tax, statutory audits, and financial reporting

Key Responsibilities

Financial Accounting & Reporting

• Maintain accurate books of accounts in compliance with Indian Accounting Standards.
• Prepare monthly, quarterly, and annual financial statements.
• Ensure timely closure of accounts and month-end reporting.
• Analyze financial performance and prepare management reports.

Budgeting & Financial Planning

• Prepare annual budgets and periodic forecasts.
• Monitor budget utilization and variance analysis.
• Support management in strategic financial planning and business decision-making.
• Develop financial models and profitability analysis.

Taxation & Statutory Compliance

• Ensure compliance with:
• GST regulations
• TDS provisions
• Income Tax requirements
• Professional Tax and other statutory obligations
• Coordinate with auditors, tax consultants, and regulatory authorities.
• Ensure timely filing of statutory returns.

Accounts Receivable & Revenue Management

• Monitor customer invoicing and collections.
• Manage SaaS subscription revenue accounting.
• Track receivables and improve collection efficiency.
• Support contract review from a financial perspective.

Accounts Payable & Treasury

• Manage vendor payments and cash flow.
• Monitor bank balances and working capital requirements.
• Handle banking relationships and treasury activities.
• Optimize utilization of funds.

Audit & Internal Controls

• Coordinate statutory, internal, and tax audits.
• Implement and strengthen financial controls.
• Ensure compliance with company policies and procedures.
• Identify and mitigate financial risks.

Payroll & Employee Reimbursements

• Review payroll processing.
• Ensure statutory deductions and remittances.
• Monitor employee reimbursement processes.

MIS & Management Reporting

• Prepare monthly MIS reports for senior management.
• Generate profitability, cost center, and project-wise financial reports.
• Provide financial insights to support business growth initiatives.

Required Skills & Competencies

Technical Skills

• Strong knowledge of:

• Accounting Principles
• GST
• TDS
• Income Tax
• Financial Reporting
• Budgeting and Forecasting

• Proficiency in:

• Microsoft Excel (Advanced)
• Tally Prime / ERP Systems
• MS Office Suite

• Knowledge of SaaS revenue accounting is preferred.

Behavioral Competencies

• Strong analytical and problem-solving abilities
• High level of integrity and confidentiality
• Excellent communication and presentation skills
• Attention to detail and accuracy
• Ability to work independently and manage deadlines
• Team management and leadership capability

Key Performance Indicators (KPIs)

• Timely closure of monthly accounts
• Accuracy of financial statements
• Timely filing of statutory returns
• Reduction in receivable aging
• Budget adherence and variance control
• Audit observations closure rate
• Cash flow management efficiency
• Compliance adherence score