Key Responsibilities:
1. Financial Leadership:
Lead, manage, and mentor the accounting team to ensure seamless operations and professional growth. Develop and implement robust accounting policies, SOPs, and KRAs to enhance efficiency and accuracy.
2. Accounting and Compliance:
Oversee daily accounting functions, ensuring timelyand accurate financial reporting.
Ensure compliance with statutory and regulatory requirements, including audits and tax filings.
3. Production Accounting:
Develop a deep understanding of jewelry production processes to set up effective financial systems and structures.
Analyze monthly trends in production costs, wastage, and staff utility at workshops to optimizeefficiency.
Identify and mitigate risks in production operationsif any.
Collaborate with production teams to monitor and control inventory and material usage.
4. Cost Optimization:
Identify opportunities for cost savings across all operational and procurement functions.
Review and understand production accounting and o Negotiate with vendors to secure the best terms, enhancing profitability.
5. Receivables Management:
Monitor and manage accounts receivable to optimizecash flow and reduce credit risks.
Develop strategies to improve the collection process and resolve outstanding receivables efficiently.
6. Budgeting and Planning:
Prepare and oversee budgets, forecasts, and financial strategies aligned with brand's growth objectives.
Analyze financial data to support strategic decision-making.
Prepare daily, weekly, and monthly MIS7. Stakeholder Collaboration:
Collaborate with senior management to develop and implement business strategies.
Act as a financial advisor to support key business decisions, including expansions and investments.
Qualifications and Experience:
Education: Chartered Accountant (CA) qualification is mandatory.
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