Finance & Taxation Manager

About Derewala Industries Ltd.:

Derewala is a name synonymous with innovation, sustainability, and quality in the world of jewelry manufacturing. With cutting-edge technology and a global clientele, we are committed to creating timeless pieces while maintaining eco-friendly practices. Since our humble beginnings in 1987, we have adhered to the highest standards of quality and on-time delivery. Headquartered in Jaipur, India's jewellery hub, Derewala has expanded its global footprint, serving esteemed clients in over 30 countries across 6 continents.

Location- Sitapura, Jaipur

Working days- 6

Key Responsibilities:

1. Finance & Accounts

• Lead end-to-end Finance & Accounts operations, including General Ledger, AP, AR, bank reconciliations, fixed assets, inter-company accounting, provisions and accruals.
• Ensure accurate and timely monthly and annual financial closure, preferably within five working days.
• Review financial statements, accounting adjustments, balance sheet reconciliations and management reports.
• Ensure compliance with applicable accounting standards and company policies.

2. Taxation & Statutory Compliance

• Lead direct and indirect taxation, including GST, TDS, Income Tax and Advance Tax.
• Ensure timely filing of statutory returns, tax payments and reconciliations.
• Manage tax assessments, notices, enquiries and related proceedings in coordination with external consultants and legal advisors.
• Identify tax risks, monitor changes in tax regulations and ensure timely resolution of tax matters.

3. Audit & Internal Controls

• Manage statutory, tax and internal audits, ensuring timely submission of audit schedules and supporting documents.
• Strengthen internal financial controls, maker-checker mechanisms and compliance with the Delegation of Authority (DoA).
• Identify control gaps, resolve audit observations and ensure adherence to finance policies and SOPs.

4. ERP, Processes & Governance

• Improve finance processes through ERP optimisation, automation and digitisation.
• Develop, implement and periodically review finance SOPs.
• Strengthen transaction-level controls, user access management and segregation of duties.

5. Management Reporting & Business Support

• Oversee monthly MIS, P&L, balance sheet, cash flow, working capital, receivables, payables and inventory reporting.
• Provide actionable financial insights and highlight significant financial risks, variances and compliance exposures.
• Support the CFO, Managing Director and senior management in financial decision-making.

6. Team Leadership

• Lead, mentor and develop the Finance & Accounts team.
• Define KRAs, performance expectations and accountability across the team.
• Drive capability building, productivity improvement and succession planning.

Required Qualifications & Experience:

• 15-20 years of relevant experience in Finance & Accounts, with significant leadership experience in Finance, Accounts and Taxation.
• Experience in a manufacturing, export-oriented or multi-unit organisation is preferred.
• MNC experience is preferred.
• Experience in an organisation with 500 crore+ turnover or comparable operational complexity is preferred.
• Strong hands-on experience in financial reporting, month-end/year-end closing, GST, TDS, Income Tax, tax assessments, audits and internal controls.
• Proven experience in ERP optimisation, process improvement and finance team management.

Technical Skills:

• Financial accounting and reporting.
• Indian accounting standards and applicable financial reporting frameworks.
• Direct and indirect taxation, including GST, TDS and Income Tax.
• Tax assessments, notices and litigation support.
• Audit management, internal controls and statutory compliance.
• Working capital and balance sheet management.
• MIS, budgeting, financial analysis and cash flow management.
• ERP systems, finance SOPs and process automation.
• Strong MS Excel and financial modelling skills.