Marico Limited is one of India's leading consumer goods companies providing consumer products and services in the areas of health, beauty and wellness. With its headquarters in Mumbai, Maharashtra, India, Marico is present in over 25 countries across emerging markets of Asia and Africa.
VACANCY DETAILS :-
POST NAME - Deputy Manager Finance
QUALIFICATION - CA/CMA
EXPERIENCE - 1 To 4 Years
LOCATION - Mumbai
JOB DESCRIPTION :-
1. Financial Controllership & Governance
- Ensure accuracy, completeness, and integrity of books of accounts and financial records.
- Establish and maintain a robust financial control framework across key business processes.
- Ensure adherence to accounting policies, internal financial controls, delegation of authority, and standard operating procedures.
- Review key balance-sheet accounts and ensure timely reconciliation and closure of outstanding items.
- Identify financial and process risks and implement appropriate preventive and detective controls.
- Drive strong financial discipline and governance across functions.
- Ensure appropriate documentation and audit trails for all financial transactions.
- Continuously review and strengthen finance processes to improve control effectiveness and operational efficiency.
2. Accounting & Financial Closing
- Oversee periodic book closure processes and ensure timely and accurate monthly, quarterly, and annual financial closing.
- Review general ledger entries, provisions, accruals, prepaid expenses, fixed assets, and other key accounting areas.
- Ensure timely completion of bank, vendor, customer, intercompany, and balance-sheet reconciliations.
- Review ageing of open items and drive timely resolution of long-pending balances.
- Ensure financial statements and management reports are prepared accurately and in accordance with applicable accounting standards and organisational policies.
- Coordinate with relevant stakeholders to ensure timely availability of information required for financial closure.
3. Payments & Accounts Payable Management
- Oversee end-to-end payment processes, ensuring timely and accurate payments to vendors, employees, statutory authorities, and other stakeholders.
- Ensure all payments are processed in accordance with approved policies, contractual terms, delegation of authority, and internal controls.
- Review payment proposals and ensure appropriate supporting documentation and approvals.
- Monitor vendor ageing, outstanding liabilities, advances, debit balances, and other exceptions.
- Ensure effective maker-checker controls and segregation of duties across payment processes.
- Resolve vendor payment issues and coordinate with procurement and business teams for timely closure of discrepancies.
- Drive process improvements to enhance payment accuracy, turnaround time, and control effectiveness.
4. Statutory & Regulatory Compliance
- Ensure timely and accurate compliance with applicable direct and indirect tax requirements, including GST, TDS, income tax, and other relevant statutory obligations.
- Ensure timely filing of statutory returns and payment of applicable taxes and duties.
- Maintain appropriate documentation and records to support statutory filings and assessments.
- Coordinate with tax consultants, regulatory authorities, and internal stakeholders on compliance matters.
- Monitor changes in accounting, taxation, and regulatory requirements and ensure timely implementation.
- Support responses to notices, assessments, queries, and other communications from statutory authorities.
- Maintain a comprehensive compliance calendar and ensure zero instances of missed statutory deadlines.
5. Audit Management
- Lead and coordinate statutory audits, internal audits, tax audits, and other financial or compliance-related audits.
- Act as the primary point of coordination between auditors and internal stakeholders.
- Ensure timely availability of accurate data, documentation, schedules, and explanations required during audits.
- Track audit observations and drive timely closure of identified gaps and corrective actions.
- Analyse recurring audit observations and implement sustainable process improvements to prevent recurrence.
- Ensure audit readiness throughout the year rather than relying solely on year-end preparation.
6. Internal Financial Controls & Risk Management
- Design, implement, document, and periodically test internal financial controls across key finance processes.
- Identify control gaps, financial risks, fraud vulnerabilities, and process inefficiencies.
- Recommend and implement corrective and preventive actions.
- Ensure appropriate segregation of duties and access controls across financial systems and processes.
- Support risk assessments and ensure appropriate mitigation plans are established and monitored.
- Promote a strong culture of financial accountability, compliance, and ethical conduct across the organization.
7. Treasury & Banking Coordination
- Coordinate with banks for payment processing, account administration, and other banking requirements.
- Monitor cash positions and support effective cash-flow management.
- Ensure timely bank reconciliations and closure of outstanding reconciling items.
- Maintain appropriate controls over banking access, authorized signatories, and payment approval mechanisms.
- Support working-capital optimization through effective monitoring of payables, receivables, and cash requirements.
8. Financial MIS & Reporting
- Prepare and review periodic financial reports and management dashboards covering financial performance, cash flows, working capital, compliance, payments, audit status, and key control indicators.
- Provide timely and accurate financial information to management for decision-making.
- Track key finance metrics and highlight significant exceptions, risks, and emerging issues.
- Analyze financial data to identify trends, control weaknesses, and opportunities for process improvement.
- Support management reviews with clear financial insights and actionable recommendations.
9. Process Improvement & Automation
- Identify opportunities to simplify, standardize, and automate finance processes.
- Drive improvements in accounting, payment processing, reconciliations, compliance tracking, and reporting.
- Leverage ERP systems, digital tools, and automation to improve accuracy, efficiency, transparency, and control.
- Develop and maintain SOPs for critical finance processes.
- Promote continuous improvement and adoption of best practices across the finance function.
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