Accounts Manager Job

Accounts Manager Job with Traders and wholesalers !!  play a critical role in ensuring the availability of goods to the public by efficiently distributing products from manufacturers to retailers and end users. They help stabilize prices by managing supply chains and maintaining inventory levels, reducing the risk of shortages. Their operations support local economies by creating jobs and facilitating market access for small businesses. Additionally, they enhance consumer convenience by offering a wide variety of products in bulk at competitive prices.

Accounts Manager  are essential in maintaining financial transparency, managing costs, and ensuring regulatory compliance, which sustains the flow of goods to end users. Industrial traders and converters rely on accounting professionals to ensure accurate financial management, enabling smooth and efficient business operations.

Opportunity: Head of Accounts Department for a steel converter that transforms raw steel into TMT Bars. Explore this career opportunity at PaptecJOBS.com, a job portal dedicated to supporting job seekers and employers in non-IT sectors such as manufacturing, engineering, retail, banking & finance, and service industries.

Accounts Manager  Job Responsibilities

Financial Control & Oversight

• Complete oversight of the company’s finances, supported by two experienced officers.
• Manage filings of direct taxes (e.g., Income Tax) and indirect taxes (e.g., GST) to ensure full compliance with legal requirements.
• Maintain relationships with banks to secure competitive capital costs and meet working capital needs.
• Coordinate with the company’s Chartered Accountants and authorities to address queries from government bodies.
• Ensure proper maintenance and availability of financial statements (P&L, Balance Sheet, Cashflow Statement) upon request.
• Day-to-day Business Accounting
• Oversee all aspects of accounting, including accounts payable, receivable, billing, general ledger entries, bank reconciliations, credit card expense reports, cash applications, collections, and payroll. Supported by two separate assistants.
• Ensure payments received are accurately reconciled against sales invoices, and payments made are matched against purchase bills.
• Verify that purchase bills, sales invoices, and journal entries are accurately recorded in the accounting system.
• Review, approve, and create credit and debit notes as required.
• Daily consolidation and approval of vendor payments, ensuring proper allocation from the correct accounts.

Management Reports

• Budgeting and forecasting for all business units.
• Prepare P&L statements and cashflow reports at month-end for each SBU (Strategic Business Unit).
• Provide daily reports on overdue and outstanding payments, grouped by Business Unit and Salesperson.
• Analyze financial data and create management reports (MIS) for stakeholders, vendors, and lenders.
• Prepare reports to monitor efficient use of working capital and ensure available capital is clear to business unit heads.
• Maintain accurate and complete financial records, participating in audits or reconciliations as necessary.

General Responsibilities

• Address customer concerns related to credit/debit notes and account reconciliations, working to resolve them effectively.
• Evaluate, develop, and improve department controls, systems, and procedures to enhance accuracy and efficiency.
• Ensure all accounting processes comply with GAAP and current financial regulations.
• Stay updated on the latest developments in accounting and finance.

Key Requirements

• 10+ years of experience handling all aspects of accounting as detailed in the job description.
• Strong knowledge of direct and indirect taxes, as well as statutory compliances.
• Proficient in accounting software and MS Office.
• Ability to work collaboratively with all levels of company staff.
• Excellent interpersonal and relationship management skills.
• Strong written and verbal communication skills to convey financial data and meet deadlines.