Location: Hyderabad, HO

Employment Type: Full-time

Salary Range: 35k - 40k / month

Job Overview

We are seeking an ambitious, data-driven, and results-oriented Purchase, Executive. This critical role will ensure managing the procurement process of goods and services, ensuring that all purchase requests are handled efficiently, and working with vendors to secure the best possible terms. The role requires a strong understanding of vendor evaluation, purchase order management, and adherence to the approval matrix.

Key Responsibilities:

1. Purchase Indent Verification

• Ensure that all purchase indents are approved as per the established approval matrix before proceeding with procurement.

2. Purchase Order (PO) Management

• Raise and process purchase orders for the procurement of materials in alignment with approved vendor selections.

3. Work Order (WO) Management

• Raise work orders for services such as job work, ensuring clarity in scope, timelines, and expectations.

4. Quotation Management

• Obtain a minimum of three quotes for all required materials and services to ensure competitive pricing and quality.

5. Vendor Evaluation

• Assess vendors based on critical parameters including quality, pricing, adherence to delivery timelines, and overall reliability.

6. Vendor Recommendation

• Provide recommendations based on the final evaluation of vendors, ensuring that the best option is chosen for the organization's needs.

7. Approval Follow-ups

• Collaborate with authorized signatories to ensure that all purchase orders (PO) and work orders (WO) are approved in a timely manner.

8. Timely Communication

• Share the approved POs and WOs with end users within the agreed-upon timelines to facilitate smooth operations.

Qualifications:

• Bachelor's or Master’s degree in Supply Chain Management, Business Administration, or a related field.
• 3+ years of experience in managing the purchase department.
• Strong understanding of procurement processes and vendor management.
• Sound knowledge of using Tally.

Location: Hyderabad, HO

Employment Type: Full-time

Salary Range: 1 Lac - 1.5 Lac / month

Job Overview

The Manager, Finance & Accounts will work closely with the Finance Controller and CFO 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 Nation’s growth and expansion efforts and ensure the smooth functioning of the finance department, particularly in a manufacturing setup.

Key Responsibilities:

1. 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

2. 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.

3. 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

4. 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.

5. 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

6. 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

7. MIS Reporting

• Prepare and analyse 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) Inter or equivalent with 12-15+ years of experience, including at least 5 years in a similar role within a manufacturing setup.
• Strong understanding of statutory compliance (GST, TDS), accounts payable/receivable, and manufacturing processes.
• Proficient in Tally accounting software and advanced Excel (complex formulas, pivot tables). Knowledge of Word and PowerPoint for reporting and presentations.

Preferred Traits:

• Interpersonal Skills: Strong communication skills and the ability to work under pressure and meet tight deadlines.
• Other Skills: Proven ability to manage teams, work collaboratively with other departments (SCM, Sales), and liaise with external auditors, consultants, and banks

Location: Hyderabad, HO

Employment Type: Full-time

Salary Range: 60k – 70k / month

Job Overview

The Executive / Senior Executive – Accounts Payable will be responsible for managing vendor transactions, maintaining accurate records, and ensuring smooth financial operations related to procurement, accounts payable, and raw material (RM) management. This role requires coordination with vendors, internal teams, and overseeing store activities to ensure compliance and internal controls. The person will be responsible for maintaining vendor master data and preparing various reports to assist the finance and accounts department in decision-making.

Key Responsibilities:

1. Invoice Verification

• Verify invoices received from vendors and service providers against supporting documents.

2. Vendor Payments

• Recommend and process payments for vendors, ensuring accuracy and compliance with company policies.
• Account for payment-related entries in Tally

3. Debit and Credit Notes

• Raise debit notes for material and quality defects.
• Follow up with relevant teams to secure credit notes from vendors for debit notes raised

4. Vendor Onboarding

• Verify vendor onboarding forms along with the required supporting documents.
• Maintain up-to-date vendor master data in Excel and Tally

5. Raw Material (RM) Management

• Conduct physical verification of raw materials (RM) upon arrival at the warehouse and track RM usage.
• Ensure RM-related entries are accurately accounted for in Tally on a daily basis

6. Stores Monitoring

• Monitor stores operations to ensure material records are accurate and implement internal control mechanisms to prevent mismatches.

7. MIS Reporting

• Prepare various MIS reports related to Accounts Payable to provide insights for decision-making.

Qualifications:

• Qualification: B. Com / M. Com / MBA Finance
• Experience: 5 to 6 years preferably in Manufacturing Industries.
• Strong knowledge of accounts payable and financial reporting.
• Proficiency in accounting software (e.g., Tally, SAP etc.).
• Excellent analytical and problem-solving skills.
• Strong organizational and communication skills
• Time management and organizational skills

Location: Hyderabad, HO

Employment Type: Full-time

Salary Range: 70k – 1 Lac / month

Job Overview

The Assistant Manager – Statutory Complaince will be responsible for overseeing statutory compliance, ensuring accurate and timely book closing activities, and generating various financial and compliance-related MIS reports. The role requires in-depth knowledge of statutory laws, regulatory reporting, GST compliance, TDS/TCS filing, and the ability to coordinate with consultants to ensure all tax and legal obligations are met. The person in this role will also contribute to the month-end closing processes and the preparation of financial statements.

Key Responsibilities:

1. Statutory Payments & Filing

• Ensure timely payment of statutory dues, including TDS, PF, ESI, Professional Tax (PT), GST, and Advance Tax.
• File statutory returns on time for TDS, PF, ESI, PT, and GST

2. GST Reconciliation

• Perform monthly GST reconciliations, including turnover and input GST reconciliations.

3. TDS/TCS Returns

• File quarterly TDS/TCS returns.
• Issue Form 16A to vendors as per statutory deadlines.

4. Annual Compliance

• File annual GST returns before the due date.
• Handle new GST registrations as needed

5. Consultation & Communication

• Liaise with consultants to stay updated on statutory provisions and changes.
• Communicate statutory updates to the team.
• Handle notices received from statutory authorities, keeping the supervisor informed of the status

6. Month-End Closing Activities

• Assist with month-end closing tasks, such as provisions, prepaid expenses, and other adjusting entries.

7. MIS Reporting

• Prepare various MIS reports related to statutory compliance and financial activities.
• Assist in generating reports for management to track financial and compliance status

Qualifications:

• CA Inter / ICWAI Inter or related field.
• 5 to 6 years’ experience preferably in Manufacturing industries like – Manufacturing, FMCG, Agriculture, F&B, Micro Finance, Retail, Sales & Marketing, Banking – Sales or Insurance, E-commerce/Quick commerce or Telecom.
• Proven track record of accounts Book Closing, MIS and statutory compliance.
• Strong leadership and team management skills with the ability to inspire and lead a diverse team.
• Excellent communication and interpersonal skills.
• Strong analytical and problem-solving abilities.
• Ability to travel in the various regions as needed.

Location: Hyderabad, HO

Employment Type: Full-time

Salary Range: 70k – 1 Lac / month

Job Overview

The Assistant Manager – Finance & Accounts will be responsible for supporting the day-to-day financial operations, ensuring accuracy in financial reporting, managing accounts payable and receivable, supporting audits, and adhering to regulatory compliance. The role will also involve assisting in budgeting, forecasting, and financial analysis to support decision-making at higher level.

Key Responsibilities:

1. Financial Reporting

• Prepare monthly, quarterly, and annual financial reports, ensuring compliance with accounting standards and accuracy.
• Support the preparation of financial statements (P&L, Balance Sheet, and Cash Flow).
• Assist with internal and external audits.

2. Accounts Payable & Receivable

• Manage end-to-end processes for AP/AR, including invoicing, payment processing, and reconciliation.
• Monitor outstanding receivables and ensure timely collections

3. Budgeting & Forecasting

• Assist in the preparation and monitoring of budgets.
• Provide financial analysis and variance reports to management for informed decision making.

4. Taxation & Compliance

• Ensure timely filing of GST, TDS, Income Tax, and other statutory returns.
• Maintain compliance with all legal requirements and stay updated on changes in tax laws and regulations

5. General Ledger Management

• Oversee accurate and timely entries into the general ledger.
• Maintain a detailed account of fixed assets, depreciation, and journal entries.

6. Internal Controls

• Support the development and monitoring of financial controls to mitigate risks.
• Participate in process improvements to increase efficiency and accuracy

7. Cash Flow Management

• Manage cash flow to ensure that financial obligations are met and provide forecasts to management for cash flow requirements

8. Team Coordination

• Coordinate with the accounts team for financial closures, audits, and reports and Provide guidance and training to junior staff as needed.

Qualifications:

• Qualification: B.Com / M.Com / MBA Finance
• Experience: 5 to 6 years preferably in Manufacturing Industries.
• Strong knowledge of Banking related activities / Capex activities and financial reporting with Excellent analytical, communication and problem-solving skills
• Proficiency in accounting software (e.g., Tally, SAP etc.)

Location: Hyderabad, HO

Employment Type: Full-Time

CTC: INR 36 to 40 LPA

Job Overview

The AGM, Finance and Accounts will play a critical role in Banyan Nation's growth by leading the finance function, ensuring smooth financial operations, and supporting strategic decisionmaking. Reporting to the CFO, the Finance Controller will work closely with the Co-founders and senior leadership team, driving the company’s financial planning, budgeting, cost management, and compliance functions. This is a high-impact role within a capital- and labour-intensive manufacturing business, contributing to the company’s ambitious expansion plans.

Key Responsibilities:

1. Financial Planning and Budgeting

• Lead company-wide financial planning and reporting, covering sales forecasts, costing, pricing, collections, cash flows, and working capital management.
• Collaborate with department heads to translate business goals into detailed budgets, cost plans, and forecasts.
• Assist the CFO and senior management in the preparation of quarterly and annual budgets, covering production, payroll, capital expenditures, and operational costs

2. Financial Operations

• Oversee month-end closures, financial forecasts, and budget controls.
• Ensure the accuracy of inventory, control the flow of raw materials, and manage cost analysis for manufacturing operations.
• Maintain high standards of bookkeeping and real-time cash reconciliation to enable prompt decision-making.
• Automate financial processes to reduce manual dependencies and ensure operational efficiency.
• Conduct internal audits, including vendor, supplier, materials, and stock audits, to maintain financial integrity

3. Cost Control and Management Accounting

• Analyse plant performance monthly, providing detailed commentary on cost variances and opportunities for improvement.
• Develop financial reporting systems and dashboards for operational teams and senior management.
• Collaborate with department managers to manage business operating expenses and ensure compliance with budgeted targets.
• Identify and implement cost-saving initiatives, revenue maximization strategies, and inventory control processes.

4. Compliance and Auditing

• Ensure 100% compliance with statutory, regulatory, and organizational policies, principles, and laws.
• Conduct periodic compliance audits of internal systems, vendors, suppliers, and external partners.
• Adhere to ethical standards in data integrity, financial tracking, reporting, and system implementation.

5. Team and Vendor Management

• Lead the finance team, providing mentorship, training, and support to ensure accurate financial operations.
• Collaborate with informal recyclers, vendors, and other external partners to ensure smooth financial transactions, GST compliance, and innovative financing schemes.
• Manage payroll, accounts payable/receivable, and daily cash reconciliations

6. Investor Relations

• Engage with investors independently, addressing queries and providing financial updates during board meetings.
• Ensure transparency and accuracy in financial reporting for investor relations.

7. Reporting and Analytics

• Prepare various MIS reports related to inventory position, movements, and reconciliations
• Develop high-level dashboard summaries for management on inventory status and vendor payments
• Generate ad-hoc reports as required by management

8. Process Improvement

• Identify areas for operational improvement based on data analysis
• Suggest and implement process enhancements to increase efficiency and accuracy

Qualifications:

• Chartered Accountant (CA) with 12-15 years of experience in finance and accounting, preferably in manufacturing environments.
• At least 4-5 years in a similar role as Finance Controller in a mid-sized manufacturing business or as a Senior Finance Controller in a large organization.
• Strong experience in accounting, financial operations, costing, budgeting, cash flow management, inventory control, compliance, and regulatory affairs.
• Proficiency in accounting principles, financial reporting, compliance, and inventory accounting.
• Experience working with informal suppliers, including recyclers and vendors, is a plus.

Preferred Traits:

• Strong leadership and managerial skills, with the ability to create systems, processes, and accountability frameworks.
• Ability to work under pressure and meet tight deadlines.
• Excellent communication, collaboration, and negotiation skills.
• Advanced skills in Microsoft Excel, Word, and PowerPoint, with knowledge of Tally accounting software.

Location: Hyderabad, HO

Employment Type: Full-Time

Salary Range: 70k – 1 Lac / month

Job Overview

We are seeking an experienced and detail-oriented Assistant Manager - Accounts to oversee our sales operations financial activities. This role is crucial in managing FG warehouse accounting, customer invoicing, reconciliations, and maintaining strong financial controls. The ideal candidate will combine strong accounting expertise with excellent stakeholder management skills to ensure smooth financial operations.

Key Responsibilities:

1. Reconciliation Management

• Execute regular PO reconciliations
• Perform accounts receivable reconciliations with BRS
• Conduct annual reconciliations:
  • No Dues Certificate
  • Balance Confirmation with logistics vendors
  • Customer reconciliations
  • Converter account reconciliations
• Manage physical inventory reconciliation with financial records.

2. Financial Operations & Control

• Oversee stock valuation for internal movements
• Process and calculate customer rebates
• Monitor accounts receivable aging
• Compute average AR time for converters and customers
• Manage WIP and FG stock valuation
• Coordinate GST and TDS compliance matters
• Handle internal accounting procedures

3. Customer & Vendor Management

• Oversee customer onboarding processes
• Verify and maintain customer documentation
• Manage vendor relationships
• Handle statutory documentation requirements
• Maintain NDAs and agreements
• Coordinate with converter accounts teams

4. Inventory & Stock Management

• Monitor FG warehouse financial activities
• Maintain accurate stock valuation records
• Oversee internal movement accounting
• Reconcile physical and financial inventory records
• Track WIP inventory valuations

5. Compliance & Documentation

• Ensure GST compliance in operations
• Manage TDS regulations and documentation
• Maintain required statutory records
• Handle audit documentation
• Ensure proper document storage and retrieval

6. Team Coordination & Reporting

• Liaise with logistics and warehouse teams
• Coordinate with accounts department
• Prepare management financial reports
• Generate financial analysis and insights
• Handle ad-hoc management requests

7. Process Improvement

• Identify process optimization opportunities
• Implement financial control improvements
• Streamline reconciliation processes
• Enhance documentation procedures
• Develop efficient tracking systems

Qualifications:

• Bachelor's degree in Accounting, MBA Finance, or M.Com.
• 5-7 years of experience in accounting/financial management
• Strong background in sales operations accounting
• Expertise in Indian accounting principles
• Advanced proficiency in Tally and MS Office
• Strong knowledge of GST and TDS regulations
• Excellent analytical and problem-solving abilities
• Process optimization capabilities.