Accounts & Finance Manager

Role Summary

The Accounts & Finance Manager will oversee the comprehensive accounts and finance operations of SpinCare. This role demands proactive involvement in transactional reviews as well as maintaining broad financial oversight for the organization. The Manager will lead an Accounts Executive and ensure all monetary transactions from the Corporate Office, stores, and the central processing unit are accurately recorded, reconciled, and reported.

Key Duties

• Manage daily accounting activities including transaction entries, ledger maintenance, and document verification using Tally software.
• Ensure accurate and timely updating of all financial records, maintaining appropriate supporting documentation.
• Oversee store-level financial controls, including monitoring of sales, collections, discounts, refunds, and petty cash across all SpinCare outlets.
• Conduct regular audits to verify store transactions, identify discrepancies, and enforce corrective measures.
• Implement and maintain strong cash handling and reconciliation processes to ensure proper cash collection and deposit tracking.
• Develop and enforce standard operating procedures for accounting and financial control at store levels, including training of store teams.
• Perform bank reconciliations, monitor digital payment collections, and ensure all bank transactions are accurately recorded.
• Manage accounts receivable and payable functions, maintain ageing reports, verify vendor invoices, and prepare payment schedules.
• Support GST and statutory compliance by preparing required documentation, coordinating with auditors, and ensuring timely return filings.
• Handle TDS and other statutory deductions accurately with adequate records and compliance support.
• Ensure timely month-end closing by completing reconciliations, reviewing ledgers, and correcting accounting errors to provide clear financial reports.
• Prepare detailed monthly MIS reports covering revenue, expenses, payables, receivables, profit & loss, and cash-flow status for management review.
• Monitor cash flow and financial planning, forecast short-term cash positions, and help prioritize payments to maintain liquidity.
• Control costs by analyzing expenses, detecting irregularities, and proposing cost-saving measures without impeding operations.
• Collaborate with auditors for quarterly and annual audits, prepare audit schedules, and resolve any discrepancies prior to finalizing accounts.

Additional Information

This is a hands-on managerial role demanding both detailed transactional scrutiny and high-level financial stewardship to safeguard company assets and ensure compliance with accounting standards.