Finance Executive

Assist in the preparation of monthly, quarterly, and annual financial statements, ensuring compliance with accounting standards and company policies.
Oversee daily accounting operations, including managing accounts payable and receivable, ensuring accurate and timely invoicing, payments, and reconciliations.
Monitor cash flow, prepare cash forecasts, and ensure funds are properly allocated across business units.
Prepare and review general ledger entries, accruals, and adjustments.
Handlefull set of accountswhich includes AR/ AP/ GL and management report.
Ensure strict confidentiality of all financial records and that all documents, records, and files are kept in appropriate places and in a systematic order.
Inventory Management & Costing:
Work closely with the supply chain and operations teams to track inventory levels, sales, and purchase orders.
Ensure accurate recording of stock movements, valuation, and cost of goods sold (COGS).
Assist in preparing inventory reports and analyzing variances to support cost control initiatives.
Budgeting & Financial Planning:
Assist in the development of annual budgets and forecasts, collaborating with various departments to ensure alignment with business objectives.
Review department-wise expenses and monitor variances against budget.
Recommend corrective actions as needed.
Taxation & Compliance:
Support in the preparation and filing of tax returns (Sales Tax, GST, etc.)
and ensure compliance with local tax regulations.
Maintain up-to-date knowledge of any changes in tax laws affecting the fashion retail sector.
Audit & Internal Controls:
Prepare for and facilitate both internal and external audits by providing necessary documentation and answering queries.
Ensure adherence to internal control procedures to safeguard assets and ensure accurate reporting.
Perform financial analysis and provide key performance metrics (KPIs) to senior management for decision-making, focusing on sales performance, margin analysis, and profitability.
Conduct ad-hoc financial analysis, cost-benefit analysis, and profitability assessments related to new product lines, store openings, and other strategic initiatives.
Support junior accountants and accounting assistants, providing guidance and training where necessary.
Collaborate with cross-functional teams (e.g., marketing, operations, HR) to provide financial insights that support company strategies.
System Management & Improvement:
Maintain and improve accounting systems and software, ensuring accurate data entry and reporting.
Assist in the implementation of new financial systems or processes to improve operational efficiency.#J-18808-Ljbffr