About Banyan Nation:

Banyan Nation is Indias most trusted plastic recycler, recognized for pioneering a circular economy for plastics. Headquarters in Hyderabad, we are a leading player in the FMCG bottle-to-bottle recycling industry. In the last three years alone, we have enabled the manufacturing of over 2 billion sustainable bottles.

We believe in ethical sourcing and ensuring that every bottle we recycle is traceable for years. Additionally, our integration of 10000+ informal waste collectors into formal value chains reflects our commitment to social responsibility.

Our Top Clients:

Hindustan Unilever Limited, Shell, HPCL, IOCL, Valvoline, Reckitt, ITC Limited, Godrej.

Position Overview:

The person who will be hired for this role will work closely with the General Manager F&A to manage key financial functions including accounts payable, receivables, statutory compliance, inventory control, and reconciliation. The role is critical in driving financial accuracy and ensuring compliance with statutory and regulatory requirements such as GST and TDS. This position will support Banyan Nations growth and expansion efforts and ensure the smooth functioning of the finance department, particularly in a manufacturing setup.

Key Responsibilities:

Statutory Compliance:

- Ensure timely payment of statutory dues such as TDS, PF, ESI, PT, GST, and Advance Tax.

- File statutory returns for TDS, PF, ESI, PT, GST, etc., within due dates.

- Handle GST reconciliations (turnover, input reconciliation) on a monthly basis.

- Ensure accurate and timely filing of GST annual returns and quarterly TDS/TCS returns.

- Liaise with consultants for compliance with statutory provisions and address any notices from statutory authorities.

- Stay updated with new statutory provisions and guide the team accordingly.

- Prepare relevant MIS reports related to statutory compliance.

Accounts Payable:

- Scrutinize vendor documents and oversee the creation of new vendors in the accounting system.

- Manage and verify the accounting and payment processing for raw materials, logistics, sales promotion bills, legal and admin-related expenses.

- Conduct regular physical stock verifications and ensure reconciliation with book stocks (raw materials, scrap, spares, consumables, etc.).

- Oversee vendor payments and manage aging reports for accounts payable.

- Perform vendor reconciliations and obtain quarterly balance confirmation letters from vendors.

- Generate and review MIS reports for accounts payable.

Accounts Receivable:

- Scrutinize customer documents and oversee the creation of new customers in the accounting system.

- Guide the AR team in accounting customer receipts and reconciling outstanding amounts.

- Conduct physical verification of finished goods stocks and ensure reconciliation with book stocks.

- Prepare AR aging reports and follow up with customers on outstanding payments.

- Obtain quarterly balance confirmation letters from customers and conduct regular customer reconciliations.

- Generate and review MIS reports for accounts receivable.

Inventory and Reconciliation:

- Track raw material flow and conduct periodic reconciliations of inventory (raw material and finished goods).

- Monitor and account for process losses, ensuring accurate inventory reporting.

- Manage vendor-related debit/credit notes and ensure reconciliation with the SCM team.

General Ledger and Treasury Management:

- Review general ledgers regularly and ensure the creation of new GLs as required.

- Oversee the documentation and accounting of fixed assets and conduct regular physical verification.

- Manage capital work-in-progress (WIP) documentation and ensure timely capitalization of fixed assets.

- Handle month-end processes including accounting for prepaid expenses, provisions, and other adjustments.

- Manage treasury activities such as processing foreign payments and liaising with banks for timely execution of transactions.

Audit and Liaison:

- Serve as a liaison between the company and auditors, consultants, bankers, and other external stakeholders.

- Ensure accurate and timely submission of data for audits, insurance renewals, and compliance reporting.

MIS Reporting:

- Prepare and analyze various financial MIS reports for management review, including statutory compliance, accounts payable/receivable, and inventory management reports.

- Assist in the preparation of financial reports and dashboards for senior management.

Qualifications:

- Chartered Accountant (CA) / CA Inter or equivalent with a minimum of 3-6 years experience within a manufacturing setup.

- Strong understanding of statutory compliance (GST, TDS), accounts payable/receivable, and manufacturing processes.

- Proficient in Oracle/ Tally accounting software and advanced Excel (complex formulas, pivot tables).

- Knowledge of Word and PowerPoint for reporting and presentations.

Preferred Traits:

- Strong communication skills and the ability to work under pressure and meet deadlines.

- Proven ability to manage teams, work collaboratively with other departments (SCM, Sales) and liaise with external auditors, consultants, and banks.

Contact:
Sahithi S, 7715038189