Manager – Financial Reporting & Book Closure

About Company

The company operates in the professional laundry and textile care industry, providing technology-enabled garment cleaning and fabric maintenance solutions for businesses and individual customers.

Job Description

Key Responsibilities

1. Financial Close & Record-to-Report (Primary Responsibility)

• Own the monthly, quarterly, and annual financial close process.
• Prepare and manage the detailed book closure calendar.
• Coordinate with Accounts, Operations, Sales, HR, Procurement, Payroll, and Tax teams to ensure timely completion of all close activities.
• Review completion of all month-end accounting entries, including:
  • Revenue recognition
  • Expense booking
  • Accruals and provisions
  • Prepaid expenses
  • Payroll accounting
  • Depreciation and amortization
  • Fixed asset accounting
  • Inter-company transactions
  • Ensure books are closed within agreed timelines.

2. Financial Reporting

• Prepare monthly financial statements.
• Review Trial Balance and General Ledger for completeness and accuracy.
• Prepare Balance Sheet schedules and supporting reconciliations.
• Perform variance analysis against Budget, Forecast, and Previous Period.
• Develop dashboards and analytical reports for senior management

3. General Ledger Governance

• Ensure the integrity of the General Ledger.
• Review journal entries and accounting adjustments.
• Monitor ledger accuracy and account classifications.
• Review suspense accounts and clearing accounts.
• Ensure proper accounting treatment in accordance with applicable accounting standards

4. Balance Sheet Review

• Prepare monthly Balance Sheet review packs.
• Review ageing of receivables, payables, advances, deposits, and other key balances.
• Monitor provisions and accruals.
• Ensure timely reconciliation of all Balance Sheet accounts.
• Identify unusual transactions and recommend corrective actions

5. Audit Management

• Coordinate Statutory Audit.
• Coordinate Internal Audit.
• Coordinate Tax Audit.
• Prepare audit schedules and supporting documentation.
• Track audit observations and ensure timely closure.
• Act as the primary finance coordinator for auditors.

6. Internal Controls  (IFC)

• Develop and strengthen month-end closing SOPs.
• Standardize accounting processes.
• Improve documentation and audit trails.
• Recommend process automation and efficiency improvements.
• Ensure compliance with internal financial controls.

7. MIS & Management Reporting

• Prepare financial dashboards.
• Prepare cash flow summaries and working capital reports.
• Support budgeting and forecasting with actual financial data.

8. Cross-Functional Coordination

Work closely with:

• Operations
• Sales
• Procurement
• Human Resources
• Payroll
• Taxation
• Secretarial & Legal
• External Auditors
• Internal Auditors
• To ensure complete and accurate financial reporting.

Key Deliverables

• Monthly books closed within agreed timeline.
• Audit schedules completed accurately.
• Balance Sheet reconciliations completed monthly.
• Trial Balance reviewed and approved.
• Financial statements prepared accurately.
• Variance analysis completed for management review.
• Compliance with accounting policies and internal controls.

Required Qualifications

• Chartered Accountant (Preferred) or CA Inter / CMA / MBA Finance with strong financial reporting experience.
• Bachelor's degree in Commerce or Finance.

Experience

• 6–10 years of post-qualification experience.
• Strong experience in month-end book closure and financial reporting.
• Experience managing statutory audits.
• Experience in multi-location or service-based organizations preferred.
• Experience preparing management and investor reporting

Technical Skills

• Strong knowledge of Indian Accounting Standards and financial reporting.
• Hands-on Tally experience
• Advanced Microsoft Excel.
• Financial statement preparation.
• General Ledger management.
• Balance Sheet reconciliations.
• Budget vs. Actual analysis.
• Working knowledge of GST and TDS.

• Strong analytical and problem-solving skills.

   

Mandatory Requirement

Primary Job Profile : Financial Reporting/ MIS

Technical Skills : Financial reporting, MIS, Month-end closing

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