Accounts Manager - Mumbai Job Description Template
The Accounts Manager in Mumbai will be responsible for managing all financial operations, including budgeting, forecasting, tax compliance, and financial reporting. This role will involve working closely with senior management to develop financial strategies and ensure the financial health of the organization.
Responsibilities
- Oversee and manage the general accounting functions, including, but not limited to: accounts payable, accounts receivable, general ledger, and taxes
- Prepare, review, and analyze financial statements to ensure accuracy and completeness
- Develop and manage annual and multi-year budgets that are adequate for the organization’s needs including preparation of periodic budget forecasts
- Coordinate and lead the annual audit process, liaise with external auditors and the finance committee of the board of directors; assess any changes necessary
- Ensure compliance with all tax guidelines and financial regulations
- Develop and enforce internal controls to maximize protection of company assets, policies, procedures, and workflow
- Monitor and manage the cash flow and revenue cycle to ensure liquidity
- Provide leadership and support to accounting staff and manage their performance
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field
- 5+ years of accounting experience, preferably in a managerial role
- CPA or CA certification preferred
- Strong knowledge of accounting principles and procedures
- Experience with creating financial statements and general ledger functions
- Experience with financial software and proficiency in Excel
- Strong leadership and strategic thinking abilities
- High attention to detail and accuracy
- Excellent communication and interpersonal skills
Skills
- Financial Reporting
- Budgeting
- Forecasting
- Tax Compliance
- General Ledger
- Audit Coordination
- Internal Controls
- Cash Flow Management
- Excel
- Accounting Software
Frequently Asked Questions
An Accounts Manager in Mumbai is responsible for maintaining client relationships, overseeing a team of accountants, preparing financial reports, and ensuring compliance with financial regulations. They manage accounts receivable and payable, and collaborate with other departments to optimize service delivery. Their role is crucial in guiding strategic financial decision making and enhancing client satisfaction.
To become an Accounts Manager in Mumbai, candidates typically need a strong background in finance or accounting, often requiring a bachelor's degree in these fields. Advanced certifications like CA, CMA or CPA may enhance prospects. Experience, usually of 3-5 years in accounting or finance roles, along with skills in leadership, communication, and analytics, are crucial for advancement to this role.
The average salary for an Accounts Manager in Mumbai can vary based on experience, industry, and company size. Generally, Accounts Managers receive a competitive compensation package that reflects their responsibility level and expertise. Other benefits often accompany the salary package, such as bonuses, health insurance, and retirement plans, contributing to total earnings.
An Accounts Manager in Mumbai typically requires a bachelor's degree in accounting, finance, or a related field. Professional qualifications like Chartered Accountant (CA), Cost and Management Accountant (CMA), or Certified Public Accountant (CPA) are highly regarded. In addition, proficiency in financial software, regulatory compliance, and excellent interpersonal skills are essential.
Key skills for an Accounts Manager in Mumbai include financial analysis, strategic planning, leadership, and client relationship management. They are tasked with overseeing financial operations, preparing budgets, analyzing financial data, and ensuring compliance with regulations. Proficiency in accounting software and effective communication are also vital for this role.