Assistant Manager - Accounts Job in Asian Paints

Position: Assistant Manager - Accounts

Location: Mumbai

Area of Work: Corporate Finance

Job Purpose

The Assistant Manager - Accounts will be responsible for managing the Order to Cash (O2C) process for the company, ensuring accurate financial reporting, efficient monitoring of discounts and schemes, and timely receivables management. This role will collaborate closely with various teams, particularly Sales and Business functions, to ensure seamless operations. The Assistant Manager will also ensure compliance with cost records and auditing standards, driving process improvements and maintaining strong internal controls in a dynamic business environment.

Key Responsibilities

Order to Cash (O2C) Process & Revenue Recognition

• Oversee the revenue recognition process in compliance with Ind AS 115, ensuring accurate and timely reporting.
• Review and account for discounts and schemes provided to trade partners, in line with Ind AS 115.
• Evaluate and manage provisions for receivables in accordance with Ind AS 109.

Cost Management & Audit Compliance

• Ensure accurate maintenance of cost records, preparing for audits and reviews by Cost Auditors with no major discrepancies.
• Partner with the business to design and implement processes that accommodate evolving business needs while ensuring operational excellence.
• Ensure effective closure of cost audit reviews and implement necessary corrective actions as needed.

Internal Controls & Process Design

• Collaborate with internal teams to design and implement adequate internal controls, ensuring compliance with IFC (Internal Financial Controls) and ICFR (Internal Controls over Financial Reporting).
• Continuously assess and update controls to adapt to changing business needs and ensure effectiveness.

Collaboration & Stakeholder Engagement

• Act as a key point of contact for Sales teams to align financial processes with sales objectives, driving common goals.
• Work closely with IT teams to manage and monitor the Dealer Bill Clearance system.
• Liaise with internal and external auditors (including Statutory Auditors, Internal Auditors, and Cost Auditors) to facilitate smooth audits and closures.

Reporting & Analysis

• Prepare and present Accounts Receivable MIS reports, ensuring accuracy and timeliness.
• Take the lead in trending and resolving accounting discrepancies, utilizing data analysis to identify the root causes of variances and improving controls.
• Drive IT initiatives in the area of Accounts Receivable and ensure the objectives are met as per the design.

Qualifications & Experience

• Education: M.Com, CA Inter, ICWA
• Experience:
  • Minimum of 8 years of experience in accounts and finance, with a focus on Order to Cash (O2C) processes, cost accounting, and financial reporting.
  • Prior experience working with Ind AS standards and handling internal controls (IFC & ICFR).