Experience
- 6 to 10 years
- The applicants should have experience in the following business area(s): Garments, Group of Companies, Spinning, Textile
Education
- Bachelor of Business Administration (BBA) in Accounting
- Master of Business Administration (MBA) in Finance
Requirements
- 6 to 10 years
- The applicants should have experience in the following business area(s): Garments, Group of Companies, Spinning, Textile
Skills Required
Additional Requirements
Inventory and Stores Accounting: Management of cotton, stores and spares, work-in-progress (WIP), and finished yarn inventory; budgeting and stock valuation.
MIS and Cost Analysis: Preparation of Management Information System (MIS) reports, budget monitoring, and cost variance analysis.
Financial Management and Internal Control: Management of accounts payable, accounts receivable, and cash flow; internal control, audit coordination, and regulatory compliance.
Documentation and Team Coordination: Maintenance of financial and inventory documentation; team supervision and coordination with Production, Procurement, Commercial, and HR departments.
ERP and Reporting Tools: Proficiency in ERP/accounting software and advanced MS Excel, including PivotTables, lookup functions, and MIS reporting.
Responsibilities & Context
1. Supervise day-to-day accounting operations of the mill – vouchers, journal entries, ledgers and timely posting in the ERP/accounting system.
2. Prepare monthly, quarterly and annual financial statements (as per IAS/IFRS) and management MIS reports within the deadlines.
3. Prepare and monitor yarn costing (cost per kg by count) covering raw material consumption, conversion cost, wastage, waste sales and yield variances.
4. Maintain raw material (cotton/polyester), stores & spares, WIP and finished yarn accounts; reconcile with store/stock records and support physical stock verification.
5. Verify supplier bills and manage accounts payable; follow up customer collections and prepare receivable ageing analysis.
6. Handle LC / back-to-back LC documentation accounting, bank reconciliation, loan and interest accounting, and prepare cash-flow and fund position reports.
7. Ensure timely calculation, deduction, deposit and filing of VAT, TDS/VDS and income tax as per applicable laws.
8. Assist in preparing annual budgets and conduct variance analysis to control cost and identify savings.
9. Coordinate internal and external audits, provide required records, and ensure internal controls and statutory compliance.
10. Supervise payroll and wages accounting; guide, train and evaluate accounts staff and report to the Factory Manager Accounts.
11 .Financial accounting and reporting under IAS/IFRS, including preparation of financial statements.
12 .Spinning / textile cost accounting – yarn costing, wastage, yield and variance analysis.
13.Taxation and statutory compliance – VAT, TDS/VDS and income tax.
14 .Trade finance and bank accounting – LC / back-to-back LC, bank reconciliation, loans and interest
Job Other Benifits
- Festival Bonus: 2