Manager - Tax and Accounts

The Deputy Manager – Tax and Accounts will be responsible for overseeing, managing, and ensuring the accurate preparation of the financial and tax-related activities within the manufacturing firm. The role requires a keen understanding of accounting principles, taxation laws, and the specific financial requirements of a manufacturing business. This position will play a crucial part in maintaining regulatory compliance, managing financial reporting, and assisting in internal audits, ensuring that tax filings and accounting practices are carried out in an accurate and timely manner.

Responsibilities:

Tax Management:

• Prepare and file various tax returns, including GST, TDS, VAT, and income tax, ensuring compliance with local and national regulations.
• Handle tax audits and provide necessary information to external auditors.
• Keep track of tax payments, manage tax liabilities, and ensure timely settlement of taxes.
• Monitor changes in tax laws and advise the organization on any impacts.
• Assist in managing transfer pricing compliance, where applicable.
• Evaluate and implement tax planning strategies to optimize the company’s tax position.

Accounting:

• Oversee day-to-day accounting functions, including journal entries, ledger management, and reconciliation of accounts.
• Prepare monthly, quarterly, and annual financial statements in accordance with accounting standards (e.g., IFRS, IND-AS).
• Ensure the accuracy of financial reporting, budgeting, and forecasting.
• Maintain the general ledger and assist in the preparation of consolidated financial statements.
• Supervise accounts payable and receivable processes.
• Monitor cash flow, and assist in managing working capital.
• Conduct internal audits and identify opportunities for process improvements.

Regulatory Compliance:

• Ensure compliance with all regulatory requirements related to accounting, taxation, and reporting for the manufacturing industry.
• Liaise with external auditors and tax consultants during audits.
• Maintain records in compliance with statutory requirements.

Financial Analysis & Reporting:

• Provide analysis on financial performance, including cost analysis, margin analysis, and variance analysis.
• Assist in the preparation of management reports and presentations.
• Monitor financial performance against budgets and forecasts, and recommend corrective actions if necessary.

Cost Accounting (Manufacturing Focus):

• Ensure accurate costing of raw materials, labor, and overhead costs for products.
• Oversee inventory management and valuation in accordance with accounting standards.
• Assist in product pricing and cost control measures to enhance profitability.
• Review cost allocation, including direct/indirect costs, and ensure compliance with costing norms.

Team Management and Development:

• Supervise and guide junior team members, providing mentorship and training.
• Coordinate with other departments (e.g., production, procurement, and sales) to ensure accurate financial reporting and analysis.

• Strong knowledge of accounting principles and tax laws.
• Experience with accounting software and ERP systems (e.g., SAP, Tally, Oracle).
• Proficiency in Microsoft Excel for financial analysis and reporting.
• Strong attention to detail, analytical skills, and problem-solving ability.
• Good communication and interpersonal skills.
• Ability to work under pressure and meet deadlines.

(KPIs):

• Timely and accurate tax filings and submissions.
• Accuracy of financial reporting and compliance with accounting standards.
• Cost control effectiveness and operational efficiency.
• Audit outcomes and compliance with regulatory guidelines.
• Improvement in working capital management.

Job Type: Full-time

Work Location: In person