Changing Tree - Assistant Manager - Finance - Advertising Services

Job Description:

About the job:

Job Title: Assistant Manager- Accounts and Finance (ADVERTISING SERVICES BACKGROUND IS A MUST)

Location: Bangalore

Reports To: Founder & CEO

ADVERTISING SERVICES BACKGROUND IS A MUST

Job Summary:

- The Manager of Accounts and Finance plays a crucial role in ensuring the financial health and stability of the organization.

- This role involves overseeing financial operations, managing the accounting team, and providing strategic financial guidance to support business objectives.

- The ideal candidate will have a strong background in accounting, finance, and leadership, along with excellent analytical and communication skills.

Key Responsibilities:

Accounts Receivable:

- Manage accounts receivable processes, including invoicing, credit control, and collections.

- Ensure timely and accurate invoicing, and follow up on outstanding invoices to minimize overdue payments.

- Maintain and update the accounts receivable ledger, reconciling any discrepancies.

- Collaborate with sales and Client Servicing teams to resolve billing and payment issues.

- Provide regular reports on accounts receivable status and cash flow projections.

Accounts Payable:

- Oversee accounts payable functions, including vendor management, invoice processing, and payment scheduling.

- Verify the accuracy and completeness of invoices and expense reports.

- Process payments to vendors, ensuring adherence to payment terms and optimizing cash flow.

- Reconcile accounts payable ledger and resolve any discrepancies or issues.

- Develop and maintain strong relationships with suppliers and negotiate favorable payment terms.

Payroll Management:

- Ensure accurate and timely processing of payroll for all employees.

- Administer payroll-related tasks, including salary calculations, deductions, and statutory compliance.

- Oversee the implementation of payroll policies and procedures.

- Stay updated on changes in labor laws and regulations affecting payroll and make necessary adjustments.

- Respond to employee inquiries related to payroll and benefits

Financial Reporting:

- Prepare and analyze financial statements, ensuring accuracy and compliance with relevant accounting standards and regulations.

- Generate monthly, quarterly, and annual financial reports for senior management and external stakeholders.

Budgeting and Forecasting:

- Develop and manage the budgeting and forecasting process, collaborating with department heads to create realistic financial plans.

- Monitor actual performance against budgets and forecasts, making adjustments as needed.

Cash Flow Management:

- Manage the organization's cash flow and liquidity to meet operational needs and financial obligations.

- Optimize working capital and identify opportunities for investment or cost reduction.

Audit and Compliance:

- Coordinate annual financial audits and ensure compliance with statutory regulations and accounting standards.

- Implement and maintain internal controls to safeguard company assets and prevent fraud.

Taxation and Regulatory Compliance:

- Manage tax planning and compliance, working with tax advisors to minimize the organization's tax liability.

- Stay updated on tax laws and regulations to ensure full compliance.

Financial Analysis and Strategy:

- Provide financial analysis and insights to support strategic decision-making.

- Identify opportunities for cost savings, revenue enhancement, and business growth.

Risk Management:

- Assess financial risks and implement strategies to mitigate them.

- Monitor economic and market trends to make informed financial decisions.

Qualifications:

- Degree in Finance, Accounting, or a related field (Master's degree is a plus).

- In-depth knowledge of accounting principles, financial regulations, and tax laws.

- Proficiency in financial software and systems, including [mention specific tools].

- Strong analytical and problem-solving skills.

- Excellent communication and interpersonal abilities.

- Leadership and team management skills.

- Attention to detail and a high level of accuracy.