Position Title : Manager - Finance, Vantage Nutrition

Organization Context

Position Title: Manager - Finance, Vantage Nutrition

Employee Name:

Grade : M05

Department: Finance

Location: Kandivali

Reports to: Senior Manager - Finance

Reported by: Assistant - Finance

At Vantage Nutrition, we help our clients create high quality and market ready nutraceutical products through our capabilities in market intelligence, ingredient sourcing and processing, end-to-end manufacturing, off-the-shelf formulations, and nutrient delivery.

We have an opportunity in Vantage Nutrition for Manager - Finance, Vantage Nutrition.

Job Objective

Results-driven Finance & Accounts professional seeking to leverage expertise in budgeting, MIS reporting, financial accounting, audit management, and statutory compliance to contribute to organizational growth. Skilled in financial planning, variance analysis, cost control, taxation, and ERP-based accounting processes.

Committed to ensuring accurate financial reporting, operational efficiency, and effective stakeholder coordination while supporting strategic business objectives.

Primary responsibilities

A. KEY RESPONSIBILITIES

- Preparation of Organization Budget and monitoring performance for variance analysis

- MIS - Preparation and Maintenance of MIS Report as per organizational requirements

- Handling of Internal Audit, Statutory Audits and Tax Audits etc.

- Cross Functional knowledge of various aspects of accounting & finance like Direct/Indirect Taxation, Costing, Custom Duties, Transfer Pricing, Forex and Treasury operations etc.

- Knowledge of Excise / Service Tax and Sales Tax assessments and filling of monthly/Quarterly /Annual Returns.

- Should be able to handle the work of finalization of Accounts. As part of accounting functions, monitoring and controlling day to day account department activities.

- Working Knowledge of SAP preferred.

B. Key Customers Served (Internal And External):

Internal: All Departments, Group Companies

External: Auditors, Statutory authorities, Bankers

C. Key Activities to be performed:

Cost accounting and Financial accounting:

- Computing cost of Production/Service in a scientific manner and facilitate cost reduction and cost control

- Finding out results of accounting year in the form of Profit and Loss Account and Balance Sheet

To ensure timely completion of budgeting & Forecasting:

- Meeting concerned HODs of the company for obtaining the input for the budget.

- Preparation of draft budget along with P&L for decision making and finally sending the same for Directors approval.

- Circulation of the approved budget to the HODs for monitoring the monthly performance of their functions.

- Continuous monitoring of budget.

To ensure timely signing of balance sheet:

- Ensure availability of auditors for routine audits.

- Liaison with the external auditors.

- Ensure monthly closing of accounts in ERP system.

- Ensure timely completion of audited accounts.

To ensure timely submission of accurate Management Performance Report:

- Monitoring the availability of the MPR input data from the departments.

- Review of the MPR reports prepared by the subordinates, In order to ensure the accuracy.

- Analysis of the MPR report.

Cost reduction in expenses:

- Timely generation of monthly age wise sundry debtors outstanding.

- Review of age wise sundry debtors outstanding with sales officers.

- Ensuring accurate data is made available to credit monitoring of debtors.

- Comparison of actual cost vs budgeted cost on a monthly basis.

- Availing cash discount by early payments to suppliers.

- Negotiation with banks for reduction in bank charges and interest rate.

Ensuring statutory compliance and implementation of internal auditors' suggestion for commercial area:

- To ensure timely statutory payments.

- To file timely statutory returns with ROC, IT, Sales Tax.

- Obtain the draft internal audit report and forwarded to the respective HODs for relevant response and discussion.

- Co-ordinate with the departments and auditors for analysis and discussion on the draft report.

- Monitoring of internal audit report recommendations for implementation.

Organization Development through systems:

- Monitors cGMP, ISO, TPM, 5S, internal audits, customers audits etc. effectively.

Development of associates:

- Ensures timely goal setting and performance appraisal and ensures right feedback to the associates to improve the performance further.

- Ensures rewards commensurate with performance to create a culture of merit and fair treatment.

- Ensures formal and informal communication with the employees and initiates actions on the grievances to create a strong bond of relationships.

- Plans the manpower by nos. and skills. Initiate actions to develop multi skill.

Key Result Areas

- Audit Management & Compliance

- Cost Accounting & Cost Optimization

- Statutory Compliance & Taxation

Key Interfaces

Internal Interfaces: Heads of Departments (Production, Sales, Procurement, HR, Quality, Operations, Supply Chain, IT), Finance & Accounts Team, Group Companies / Business Units, Costing, Commercial and Treasury Functions

External Interfaces: Statutory Auditors, Internal Auditors and Tax Auditors, Banks and Financial Institutions, Income Tax, GST, ROC and Other Regulatory Authorities, Vendors, Suppliers and Service Providers

Educational and Experience Requirements

Minimum Requirement: 10 - 12 Years

Desired: 8 - 12 Years

Level of Education: ICWAI, CA

Experience: 10 - 12 Years