Job objective:To manage and oversee the daily financial operations of Medisafe's manufacturing and distribution cycles. The objective is to ensure precise recording of production costs, maintain healthy vendor relationships through efficient Accounts Payable/Receivable management, and ensure strict adherence to statutory financial regulations. This role is vital in safeguarding company assets and optimizing resources to support the production of life-saving medical equipment.
Role and Responsibilities:- Ensure 100% accuracy in recording all daily financial transactions (income and expenses) within the accounting system.
- Manage and maintain the accuracy of the General Ledger, Accounts Payable (AP), and Accounts Receivable (AR).
- Conduct monthly reconciliation of bank statements, credit card statements, and vendor accounts.
- Prepare and file necessary tax returns (VAT/GST/Withholding) and guarantee adherence to all financial regulations specific to the medical industry.
- Assist in the timely preparation of monthly Profit & Loss (P&L) statements and Balance Sheets.
- Compile and organize essential documentation and schedules to support annual internal and external audits.
- Monitor and track actual departmental expenditure against established budgets, proactively flagging potential over-expenditure.
Key Result Areas (KRAs)- Ensuring all financial data is error-free and records are up to date.
- Optimizing the timing of collections (AR) and payments (AP).
- Meeting all legal deadlines for taxes and financial filings to avoid penalties.
- Improving the speed and reliability of the monthly closing cycle.
Key Performance Indicators (KPIs)- Days Sales Outstanding (DSO) : Reduce average collection time to < 45 days.
- Data Error Rate : Maintain less than 1% error rate in ledger entries.
- Month-End Closing : Complete final monthly reports by the 5th working day.
- Audit Findings : Zero High Risk findings in the annual audit.
- Late Payment Penalties : 0 penalties or interest charges incurred from vendors.
Qualifications and Education Requirements- Bachelor's degree in Commerce, Finance, Accounting, or relevant field; Master's or MBA Finance preferred.
- Semi-qualified or Qualified CA (Chartered Accountant) or ICWA/CMA.
- 56 years of experience managing accounts for multiple business entities.
- Strong knowledge of Indian accounting standards, GST, Income Tax, TDS, and audit procedures.
- Proficiency in Tally, ERP systems, and advanced Excel.
- Strong understanding of GST/VAT filing, TDS (Tax Deducted at Source), and corporate tax laws.
Preferred Skills- Good communication skills in English, Marathi, and Hindi.
- Organizational and multitasking skills.
- Proficiency in MS Office (Excel, Word, Outlook).
- Ability to learn quickly and adapt to HR processes in the biomedical industry.
- Professional attitude, punctuality, and willingness to work in a collaborative environment.
Note:- Candidates residing near the office location (Taloja MIDC, 410208, Maharashtra, India) will be given preference.
- Immediate hiring.
- Language preference: English, Marathi & Hindi.
