Job Description

ACCOUNTS MANAGER / CFO - Roles & Responsibilities

Industry

: Women's Innerwear Garment Manufacturing

Department

: Finance & Accounts

Reports To

: Managing Director / CEO

1. Financial Planning & Strategy

Develop and implement financial strategies aligned with business goals. Plan and control budgets for production, procurement, marketing, and distribution. Perform financial forecasting, variance analysis, and risk assessments. Provide strategic input to top management on business expansion, funding, and investments.

2. Accounting & Bookkeeping

Oversee daily accounting operations including general ledger, AP/AR, and bank reconciliations. Ensure timely and accurate closure of books on a monthly, quarterly, and annual basis. Manage and supervise the accounts team and ensure adherence to accounting standards (e.g., IND AS, GAAP). Maintain records for factory accounts including raw material costs, wastage, labor, and overheads.

3. Costing & Margin Analysis

Implement and monitor garment product costing systems (fabric, trims, stitching, finishing). Analyze manufacturing costs, labor efficiency, and productivity. Monitor cost per unit and suggest cost control measures to production heads. Support pricing decisions by calculating margins for B2B, B2C, and export segments.

4. Taxation & Compliance

Ensure timely filing of GST, TDS, Income Tax, and other statutory returns. Liaise with tax consultants and handle audits (statutory, internal, GST, PF/ESI). Keep up-to-date with government incentives, export schemes (like RoDTEP, MEIS), and import duties.

5. Vendor Payments & Receivables

Authorize vendor payments as per approval hierarchy and cash flow position. Monitor credit terms, follow up on receivables from distributors/retailers/online platforms. Maintain strong control over aged debtors and disputed invoices.

6. Bank Relations & Fund Management

Manage working capital requirements, overdraft facilities, and term loans. Maintain relationships with banks, NBFCs, and investors for funding or credit. Monitor daily cash flow and ensure liquidity for operations and payroll.

7. ERP / MIS / Reporting

Generate financial MIS reports including P&L, balance sheet, cost center reports, and factory performance. Implement or improve ERP/accounting systems (e.g., Tally Prime, SAP, Zoho Books). Provide management dashboards and analysis to support decision-making.

8. Team Leadership & Cross-functional Coordination

Supervise and train the finance/accounts team. Coordinate with departments like production, procurement, HR, and sales for seamless financial operations. Act as financial advisor to top management, offering insights on profitability and business health.

9. Compliance with Export/Import (If Applicable)

Handle foreign exchange transactions, export invoices, and customs documentation. Ensure compliance with FEMA, RBI reporting, and DGFT licensing requirements.

10. Internal Controls & Risk Management

Develop and enforce internal control systems to prevent fraud or financial leakage. Conduct periodic audits of stock, factory overheads, and vendor billing. Support ESG and CSR compliance where applicable.

Key Skills Required

Strong knowledge of garment manufacturing costing and factory accounts. Expertise in GST, TDS, PF/ESI, and labor compliance for factories. Advanced Excel and accounting software proficiency. Leadership and strategic financial planning ability. Experience in liaising with auditors, banks, and statutory bodies.
Job Type: Full-time

Pay: ₹35,000.00 - ₹45,000.00 per month

Benefits:

Food provided Provident Fund
Schedule:

Day shift Morning shift
Supplemental Pay:

Performance bonus Yearly bonus
Work Location: In person