Finance Manager

Job Title: Finance Manager

Location: (Pune, India)

Department: Finance & Accounts

Reports To: Head – Finance / Director – Finance / CFO

Job Summary:

The Finance Manager will oversee the company’s end-to-end finance and accounting operations, including Accounts Receivable (AR), Accounts Payable (AP), and Books of Accounts finalisation. This role is pivotal in ensuring financial accuracy, compliance, and process efficiency in a fast-growing IT services environment (200–500 employees).

The incumbent will be hands-on in managing financial transactions, guiding the accounting team, ensuring adherence to timelines, and maintaining a high level of accuracy and transparency across all finance functions.

Key Responsibilities:

1. Accounts Receivable (AR) Management

• Manage the full AR cycle — from client invoicing and credit control to collections and reporting.
• Ensure invoices are raised accurately as per contracts, milestones, and delivery terms.
• Regularly monitor outstanding receivables, follow up with clients for timely payment, and minimize DSO (Days Sales Outstanding).
• Prepare AR aging reports and coordinate with sales and delivery teams to resolve disputes.
• Ensure proper revenue recognition in accordance with Indian Accounting Standards.

2. Accounts Payable (AP) Management

• Oversee vendor invoice processing, approvals, and timely disbursements.
• Maintain accuracy in vendor records, payment terms, and statutory compliance (GST/TDS).
• Reconcile vendor accounts periodically and manage relationships with key suppliers.
• Optimize payment cycles and ensure DPO (Days Payables Outstanding) aligns with cash flow objectives.

3. Books of Accounts & Reconciliation

• Supervise daily accounting activities and ensure daily accurate posting of all transactions.
• Conduct monthly reconciliation of bank accounts, ledgers, inter-company accounts, and all other balance sheet items.
• Ensure financial data integrity and timely month-end, quarter-end, and year-end closures.
• Support audit activities (statutory, internal, and tax audits) by providing required schedules and reconciliations.

4. Team Management & Leadership

• Lead and mentor a finance team (3–4 members) handling AR, AP, and general accounting.
• Review team outputs regularly to ensure timeliness, accuracy, and adherence to internal controls.
• Identify training needs, streamline workflows, and promote best accounting practices.
• Implement process improvements and automation to enhance team productivity.

5. Compliance, Controls & Reporting

• Ensure timely filing of all statutory returns (GST, TDS, PF, PT, etc.) and ensure coordination with consultants.
• Feed MIS related reports to MIS Team – P&L, balance sheet, cash flow, and variance analysis.
• Implement and monitor internal financial controls and ensure compliance with company policies.
• Collaborate with cross function teams inside & outside the organisation.

Key Performance Indicators (KPIs):

• AR Collection Efficiency: DSO maintained within agreed company targets.
• AP Timeliness: 100% vendor payments within due dates and correct statutory deductions.
• Reconciliation Accuracy: Zero unreconciled items in bank and ledger accounts at month-end.
• Compliance Adherence: 100% on-time statutory filings (GST, TDS, etc.).
• Team Productivity: Timely completion of monthly financial closure within 3–5 working days.

Required Skills & Competencies:

• In-depth understanding of accounting principles, AR/AP cycles, and financial finalisation .
• Strong knowledge of Indian taxation laws (GST, TDS, Income Tax) and Companies Act (Basic) .
• Proficiency in ERP/accounting software (e.g., Tally ERP, Zoho Books) (Others will be add on).
• Advanced skills in Excel and financial reporting.
• Strong analytical, leadership, and communication skills.
• Ability to work in a fast-paced IT environment and meet multiple deadlines.

Qualifications & Experience:

• Education: B.Com / M.Com / MBA (Finance) / CA (Inter) / CMA (Inter) preferred.
• Experience: 10–12 years of experience in Finance & Accounts, with at least 3–5 years in a managerial or team-lead role.
• Industry: Experience in IT / ITES / software services or a similar project-based business is highly desirable.

Work Mode : Work from Office ( Office Location - Shivaji Nagar, Pune )