Assistant Manager - Accounts & Finance

Job Description – Assistant Manager (Accounts & Finance) for all Locations

Department: Accounts & Finance
Industry: Textile / Garments / Manufacturing
Location: Thane Mumbai- HO / Bhiwandi Mumbai - Factory / Surat - Warehouse
Reporting To: Manager – Finance & Accounts

Role Summary

The Assistant Manager – Accounts & Finance will be responsible for managing day-to-day accounting operations, financial reporting, taxation compliance, and supporting month-end closing activities. The role requires strong experience in the textile/garment manufacturing industry, including costing, inventory, vendor payments, and statutory compliance.

Key Responsibilities1. Accounting & Financial Management

• Manage daily accounting operations—AP, AR, general ledger, banking, and reconciliation.
• Oversee vendor payments, credit control, and customer outstanding follow-ups.
• Monitor inventory accounting, fabric/trim consumption, WIP, and finished goods valuation.

2. Textile Industry–Specific Responsibilities

• Handle garment/textile costing: fabric cost, trims, labour, overheads, and per-piece costing.
• Coordinate with production, store, and merchandising teams for consumption data & costing accuracy.
• Monitor job work charges, cut-and-pack costs, and subcontracting payments.
• Validate purchase orders, GRN, and production slips to ensure accurate accounting.

3. Financial Reporting

• Prepare monthly P&L, balance sheet schedules, MIS reports, and management dashboards.
• Support budgeting, forecasting, and variance analysis.
• Track cash flow, fund flow, and working capital requirements.

4. GST, TDS & Statutory Compliance

• Responsible for timely filing of GST returns, TDS, PF/ESIC, PT, and other statutory payments.
• Ensure compliance with statutory audit, internal audit, and tax audit requirements.
• Assist in preparation of audit schedules and responding to auditor queries.

5. Banking & Treasury

• Manage bank reconciliation and coordinate for LC, BG, OD, CC limits.
• Handle payments, receipts, vendor settlements, and advance adjustments.

6. Process & Control Management

• Implement internal controls for purchase, payments, inventory, and job work processes.
• Improve accuracy, reduce errors, and streamline finance processes.

7. Team Coordination

• Guide junior accountants on entries, reconciliations, and compliance tasks.
• Work closely with production, purchase, store, merchandising, and HR teams.

Required Skills

• Strong knowledge of accounting standards, GST, TDS, and compliance.
• Hands-on experience in garment/textile costing & inventory processes.
• Proficiency in Tally ERP / ERP systems, advanced Excel.
• Strong analytical and reconciliation abilities.
• Detail-oriented with strong accuracy and follow-up skills.

Qualification & Experience

• B.Com / M.Com / MBA Finance / CA Inter (preferred).
• 4–8 years of experience in Accounts & Finance within the textile/garments manufacturing industry.
• Experience in cost accounting and factory finance operations is highly preferred.

CTC Range (Optional)

₹4.5 LPA – ₹9 LPA based on experience & expertise.

Job Types: Full-time, Permanent

Pay: ₹500,000.00 - ₹900,000.00 per year

Benefits:

• Health insurance
• Paid sick time
• Provident Fund

Work Location: In person