Finance & Accounts Manager - Vadodara, India - NOVUMGEN

Description

Job Summary:

The Finance & Account Manager will be responsible for overseeing the financial and accounting functions of the company. This role requires a hands-on approach to financial management, including financial planning, budgeting, reporting, and analysis. The Finance & Account Manager will also be responsible for ensuring compliance with accounting standards, tax regulations, and internal policies.

Key Responsibilities:

Financial Planning and Analysis:

• Develop and maintain financial models to support business planning and decision-making.
• Prepare annual budgets, forecasts, and financial projections in collaboration with senior management.
• Conduct variance analysis and provide insights to improve financial performance.

Financial Reporting:

• monthly, quarterly, and annual financial reports in accordance with GAAP (or relevant accounting standards).
• accuracy and integrity of financial data and statements.
• financial reports to senior management and stakeholders.

Cash Flow Management:

• Manage cash flow and liquidity needs to ensure the company's financial stability.
• Monitor cash flow projections and recommend strategies to optimize cash management.

Tax Compliance:

• Ensure compliance with tax regulations and filing requirements, including GST, TDS, Income Tax, VAT and Corporation Tax.
• Coordinate with external tax advisors to prepare and submit tax returns.
• Stay updated on changes in tax laws and regulations affecting the company.

Financial Operations:

• Oversee day-to-day accounting operations, including accounts payable, accounts receivable, and general ledger.
• Implement and maintain internal controls to safeguard company assets and ensure accuracy of financial records.

Audit and Compliance:

• Coordinate annual audits with external auditors in compliance with India and UK auditing standards.
• Ensure compliance with audit requirements and address any audit findings or recommendations.

Financial Systems and Processes:

• Evaluate and improve financial systems and processes to enhance efficiency and accuracy.
• Implement best practices in financial management and accounting.

Team Leadership and Development:

• Supervise and mentor finance and accounting staff.
• Provide guidance and support to team members to foster their professional growth and development.

Qualifications and Skills:

• Master's in accounting, Finance, CA, ACCA, ICWA, CPA or equivalent qualification preferred.
• years of experience in finance or accounting roles, with progressive responsibility and leadership experience.
• Strong knowledge of accounting principles and financial analysis techniques.
• Proficiency in financial management software and MS Excel; experience with ERP systems is a plus.
• Strong knowledge of UK GAAP or IFRS and UK tax regulations.
• Excellent analytical and problem-solving skills.
• Effective communication and interpersonal abilities, with the ability to interact with stakeholders at all levels.
• Detail-oriented with a commitment to accuracy and integrity in financial reporting.
• Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.