# Finance Manager

> LUXASIA · Mumbai, India · Full-time · Posted 2026-09-01

**Workplace:** on_site

**Department:** Finance

## Description

**Key Responsibilities**

**Financial Accounting & Reporting**

-   Ensure proper, accurate, and timely maintenance of day-to-day accounting and financial records
-   Prepare monthly and annual financial statements and ensure timely finalization of the Balance Sheet
-   Perform general accounting activities including Journal Vouchers (JVs)
-   Maintain accounting records in SAP and ensure adherence to company accounting policies and Group policies and procedures
-   Introduce and implement best accounting practices and process improvements
-   Prepare management reports (MIS), financial analysis and other reports required by senior management and the Group
-   Assist in preparation of Long-Term Plans (LTP) and annual business plans (budgets) in co-ordination with other departments
-   Monitor actual expenditure against budgets and report variances with appropriate analysis
-   Analyze profitability and recommend measures for cost optimization
-   Monitor reimbursements receivable from various brands
-   Monitor accounting and provisions brand wise for discounts and various schemes

**Accounts Payable & Receivable**

-   Manage Accounts Payable processes including vendor invoice verification, purchase order validation, payment processing and vendor reconciliations
-   Monitor vendor advances and recover excess payments where applicable
-   Handle Accounts Receivable reconciliation and communicate effectively with customers regarding outstanding balances
-   Prepare AR reports for monthly MIS and management review
-   Perform related party reconciliations in both vendor & customer accounts
-   Account for related party transactions in compliance with applicable accounting standards and company policies

 **Payroll & Employee Cost Accounting**

-   Ensure accurate accounting of wages, salaries, incentives, allowances, statutory deductions and employee benefits
-   Ensure timely processing and disbursement of payroll and employee-related payments
-   Maintain accounting records relating to manpower costs and employee benefit obligations

**Banking & Treasury**

-   Coordinate foreign remittances and import-related payments with banks
-   Prepare stock statements, Financial Follow-up Reports (FFR), CMA data and other banking submissions

**Statutory Compliance**

-   Ensure timely payment of statutory dues including GST, TDS, TCS, PF, ESI, Professional Tax and other applicable statutory liabilities
-   Ensure compliance with Companies Act and other applicable financial regulations
-   Support statutory filings and ensure compliance without penalties or interest

**Inventory & Fixed Asset Management**

-   Conduct periodic inventory reconciliations and stock verification in coordination with warehouse team
-   Establish and monitor inventory management and stock verification processes
-   Maintain the Fixed Asset Register with complete details of asset location, movement, capitalization and disposal
-   Ensure physical identification, numbering and safeguarding of company assets

**Audit & Compliance**

-   Coordinate with internal auditors, statutory auditors and external consultants
-   Prepare audit schedules and provide necessary documentation during audits
-   Address audit observations and ensure timely closure of audit queries
-   Strengthening internal controls and compliance processes

**Cash & Administrative Accounting**

-   Monitor petty cash utilization and controls
-   Ensure proper documentation for banking and finance-related transactions

**Additional Responsibilities**

-   Support management with financial analysis and business insights through a 360-degree understanding of business operations
-   Participate in continuous improvement initiatives related to finance and accounting processes
-   Perform any additional finance, accounting or compliance responsibilities assigned by management from time to time

**Required Skills & Competencies**

-   Strong knowledge of Financial Accounting, Cost Accounting and Corporate Finance
-   6 to 8 years of experience
-   Hands-on experience with SAP ERP environment
-   Strong understanding of Indian Accounting Standards, GST, TDS, TCS, Companies Act and other statutory compliances
-   Experience in budgeting, forecasting, MIS reporting and financial analysis
-   Knowledge of inventory accounting, fixed asset accounting, payroll accounting and treasury operations
-   Experience in handling statutory and internal audit
-   Excellent analytical, problem-solving and organizational skills
-   Strong communication and stakeholder management abilities
-   Ability to work independently with minimal supervision
-   High attention to detail, integrity and commitment to deadlines

## Apply

[Apply at LUXASIA](https://apply.workable.com/luxasia/j/271744202B/apply)

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