Finance Manager

Job Description of Finance Manager Position: Finance Manager Location: Vithal Udyognagar, Anand, Gujarat Reports To: CFO / Director Company : Vidya Wire Ltd Job Summary: The Finance Manager is responsible for overseeing and managing the financial health of the manufacturing company. The role involves managing accounting, budgeting, financial planning, cost control, compliance, and risk management. This role extends beyond finance and accounting to include responsibilities in Stores, Dispatch, Sales & Marketing, EXIM, Purchase and other related functions. Thee Finance Manager ensures accurate financial reporting, efficient working capital management, and adherence to regulatory requirements. Key Responsibilities: 1. Financial Management & Reporting Oversee financial planning, budgeting, and forecasting. Oversee and manage financial statements, including P&L, balance sheet, and cash flow. Prepare monthly, quarterly, and annual financial reports. Ensure timely and accurate financial closing and reporting. Optimize banking relationships and oversee loan/credit facilities. Analyse financial data to support decision-making and business strategy. Develop strategies for cost reduction and profit maximization. 2. Budgeting & Forecasting Develop and monitor annual budgets and forecasts. Conduct variance analysis and recommend corrective actions. Work closely with other departments to align financial plans with business objectives. 3. Costing & Profitability Analysis Monitor product costing, raw material costs, and overheads. Evaluate and optimize cost structures and improve cost efficiency. Conduct profitability analysis by product, plant, and division. Ensure competitive pricing strategies through cost assessment. 4. Accounts, Taxation & Compliance Ensure compliance with GST, Income Tax, TDS, and other statutory regulations. Manage & liaise with auditors, tax consultants, and regulatory authorities. Oversee tax planning and filing of returns. Ensure compliance with accounting standards (IND AS, IFRS). Implement internal financial controls and SOPs. 5. Internal Controls & Risk Management Implement and monitor internal financial controls. Ensure adherence to corporate governance and risk management policies. Conduct internal audits and risk assessments to mitigate financial risks. 6. Working Capital & Cash Flow Management Monitor and manage cash flow to ensure liquidity. Oversee accounts receivable, payable, and inventory management. Optimize working capital and manage banking relationships. 7. Financial Strategy & Decision Support Provide financial insights to support strategic business decisions. Evaluate investment proposals, CAPEX decisions, and cost-saving initiatives. Support pricing strategies and contract negotiations. 8. Stores & Inventory Management Monitor inventory levels and working capital optimization. Ensure efficient procurement and inventory cost control. Implement inventory…