Assistant Manager, Finance (FMCG) at Stresert Services Limited

An Assistant Manager Finance plays a critical role in maintaining the financial health of an organization. This position typically reports to the Finance Manager or Director of Finance and bridges the gap between high-level strategy and daily operations.

Job Summary

The Assistant Manager Finance will be responsible for overseeing day-to-day accounting factory operations, ensuring accurate financial reporting, cost accounting, standard cost maintenance and assisting with budget management. The ideal candidate will play a key role in month-end closures, regulatory compliance, and providing data-driven insights to support organizational growth.

Key Responsibilities

Financial Reporting & Analysis

• Monthly Statements: Assist in preparing and reviewing monthly, quarterly, and annual financial statements in accordance with IFRS or GAAP.
• Variance Analysis: Monitor actual spending against budgets and provide detailed explanations for variances.
• Forecasting: Help develop financial forecasts and long-term strategic plans.

Operations & Control

• General Ledger Management: Oversee the accuracy of GL entries, bank reconciliations, and sub-ledger accounts.
• Accounts Payable/Receivable: Supervise the invoicing process, vendor payments, and collections to ensure healthy cash flow.
• Audit Support: Coordinate with internal and external auditors to provide necessary documentation and ensure a smooth audit process.

Compliance & Tax

• Regulatory Filings: Ensure timely and accurate filing of tax returns, GST/VAT, and other statutory requirements.
• Internal Controls: Maintain and improve internal financial controls to safeguard company assets and reduce risk.

Team Leadership

• Supervision: Manage and mentor junior accounting staff, reviewing their work for accuracy and providing professional development.
• Process Improvement: Identify and implement ways to automate or streamline financial workflows.

Operational Finance & Reporting

• COGS Analysis: Prepare and analyze the Cost of Goods Sold (COGS) on a monthly basis.
• Factory Overhead: Allocate operational and administrative overhead costs to production lines appropriately.

Budgeting & Forecasting

• Annual Operating Plan (AOP): Collaborate with plant managers to build the annual operating budget for the manufacturing facility.
• Cash Flow Management: Maintain visibility on production material purchases and timing of cash outflows.

Job Requirements

Education & Experience

• Degree: Bachelor’s degree in Finance, Accounting, or any other related field
• Certification: Professional qualification such as ACA or ACCA is mandatory /highly preferred.
• Experience: 3–5+ years of progressive experience in manufacturing, finance or accounting, including supervisory experience.

Technical Skills

• Software: Proficiency in ERP systems like SAP, Oracle, or Tally.
• Advanced Excel: Mastery of VLOOKUPs, pivot tables, and complex financial modeling.
• Knowledge: Deep understanding of accounting standards, tax laws, and financial regulations.

Key Skills (Soft Skills)

• Analytical Thinking: The ability to interpret complex data and turn it into actionable insights.
• Attention to Detail: Precision in reporting is non-negotiable to prevent costly errors.
• Communication: Ability to explain financial concepts to non-financial stakeholders.
• Integrity: A high standard of ethics and professional conduct.