V M BAKERY PRODUCTS PVT LTD
Website:
vmbakery.in
Job details:
JOB DESCRIPTION
Accounts Head – Finance Controller
Location: Vijayawada, Andhra Pradesh (plant & corporate office — on-site role)
Department: Finance & Accounts
Reports To: Managing Director
Team: Accounts Executive / Junior Accountant (existing; team size to be confirmed)
Employment: Full-Time | Permanent
CTC Range: ₹9,00,000 – ₹12,00,000 per annum (inclusive of HRA)
Experience: 8–12 years in accounts and finance, with at least 3 years in a standalone finance leadership role
Education: B.Com / M.Com / MBA Finance | CA Inter preferred; CA qualified considered for the right profile
Software:Tally ERP 9 / TallyPrime (mandatory) | MS Excel (advanced) | GST portal | MCA filing
About V M Bakery Products Pvt Ltd
V M Bakery Products Pvt Ltd is one of the leading industrial bakery manufacturers in Vijayawada, Andhra Pradesh. Operating under two consumer brands — Just Breads (breads, buns, rusk, cookies, cupcakes, and cakes) and the emerging health brand Healthies™ — the company supplies institutional buyers, distributors, and retail and Q-commerce channels across the region. Key institutional accounts include dairy cooperatives. The company is at a growth inflection point, with active investment in people, quality certification, production systems, and new product development.
The finance function at VM Bakery is being professionalised in step with this growth. The Accounts Head is the first dedicated finance leadership hire and will be instrumental in building the systems, discipline, and analytical capability that the business needs to scale.
Role Purpose
The Accounts Head is the sole finance authority in the company, reporting directly to the Managing Director. This is simultaneously an execution role and a leadership role — the person must be capable of entering a Tally voucher when needed and presenting a monthly P&L analysis to the MD in the same day. The role owns the complete finance function: day-to-day accounting, GST and statutory compliance, banking and working capital management, recipe-based product costing, MIS reporting, audit coordination, and active participation in business decisions on pricing, cost control, and capital expenditure. There is no CFO above this role. The Accounts Head is the MD’s primary financial advisor.
Key Responsibilities
1. Day-to-Day Accounting & Books Management
• Own all accounting entries in Tally ERP — sales, purchases, expenses, journal entries, bank transactions, and adjustments — ensuring the books are complete, accurate, and up to date at all times
• Manage accounts payable and accounts receivable: vendor invoice processing, payment scheduling, customer collection tracking, and ageing reports
• Conduct daily bank reconciliation across all company accounts; flag and resolve discrepancies within 24 hours
• Maintain a complete and organised document management system for all financial records — invoices, vouchers, bank statements, statutory filings, and correspondence
• Review and approve petty cash expenses; ensure all expenditures are properly vouched and classified
• Oversee payroll processing in coordination with HR — salary computation, statutory deductions (PF, ESI, PT), net disbursement, and payslip generation
2. GST Compliance & Indirect Tax Management
• Manage end-to-end GST compliance: GSTR-1, GSTR-3B, GSTR-2B reconciliation, annual return (GSTR-9 and GSTR-9C), and e-way bill management for all dispatches
• Reconcile input tax credit (ITC) monthly; identify and recover missed ITC within permissible timelines
• Maintain HSN-wise sales and purchase registers; ensure correct GST rate application across all product SKUs and raw material categories
• Handle all correspondence with the GST department, including responses to notices, audit queries, and assessment proceedings
• Coordinate with the company’s tax consultants on GST litigation, show cause notices, and departmental inspection responses — the Accounts Head is the primary internal owner of all GST proceedings
• Stay current on GST amendments, circulars, and notifications; implement changes proactively before compliance deadlines
3. Direct Tax & Statutory Compliance
• Manage TDS deductions, challans, and quarterly returns (Form 24Q, 26Q) across all payment categories — salaries, contractor payments, rent, professional fees, and interest
• Coordinate with the company’s CA for advance tax computation, ITR filing, and any income tax notices or assessments
• Ensure timely filing of all Registrar of Companies (ROC) forms, including annual financial statements and director-related filings under the Companies Act
• Manage PF, ESI, and PT compliance in coordination with HR — timely deposit, monthly ECR filing, and annual returns
• Maintain statutory registers and records required under applicable labour and tax laws
4. Banking, Working Capital & Treasury Management
• Manage the company’s banking relationships across all accounts — current accounts, cash credit, and term loan accounts — ensuring facilities are optimally utilised and covenant obligations are met
• Monitor daily cash position and project weekly cash requirements; ensure vendor payment commitments and statutory obligations are met without cash shortfalls
• Manage working capital cycle — debtors, creditors, and inventory — with a focus on minimising debtor days and maintaining creditor payment discipline within agreed terms
• Prepare and present monthly working capital position to the MD, including debtor ageing, creditor ageing, and cash flow projections for the next 30 and 60 days
• Liaise with bankers for CC limit enhancements, term loan revisions, and any new credit facility proposals; prepare the financial documentation and projections required for such proposals
• Manage loan repayment schedules — including term loans with Union Bank of India and any director loan accounts — ensuring timely servicing and accurate accounting of interest and principal
5. Product Costing & SKU-Level Profitability
• Develop and maintain a recipe-based cost model for all SKUs across both Just Breads and Healthies™ product ranges — capturing raw material cost, labour, utilities, packaging, overhead allocation, and wastage
• Update cost sheets whenever raw material prices change and present the impact on SKU-wise margins to the MD with specific recommendations on pricing adjustments
• Analyse actual cost of production versus standard cost on a monthly basis; investigate and explain variances greater than 3% for any SKU
• Support the Corporate Chef and production team with cost impact analysis for new product development — every new SKU must have a cost sheet approved before commercial launch
• Prepare SKU-wise profitability reports segmented by channel (institutional, distributor, retail, Q-commerce) for monthly MD review
• Integrate with the BakeryOps production intelligence platform for real-time raw material consumption tracking, yield data, and wastage reporting
6. MIS Reporting & Financial Analysis
• Prepare and present monthly management accounts to the MD by the 10th of each month — P&L, balance sheet, cash flow statement, and key ratio analysis
• Maintain and update a monthly dashboard covering revenue, gross margin, EBITDA, debtor days, creditor days, inventory turns, and cash position
• Prepare variance analysis against budget and prior year for all major P&L line items; provide written commentary on significant variances
• Build and maintain the annual operating budget in consultation with the MD and department heads; track actuals against budget monthly
• Prepare ad hoc financial analysis as required by the MD — pricing decisions, capex evaluation, new product financial feasibility, distributor margin analysis
• Present financial performance to the Board of Directors / Chairman as required, with clear narrative commentary alongside the numbers
7. Audit, Compliance & Internal Controls
• Coordinate the statutory audit with the company’s external CA firm — prepare audit schedules, provide supporting documents, and resolve audit queries within agreed timelines
• Ensure annual accounts are finalised, Board-approved, and filed with the ROC within the prescribed deadline
• Design and implement internal financial controls appropriate for a manufacturing company of VM Bakery’s scale — purchase approval limits, payment authorisation matrix, credit control policies, and expense reimbursement procedures
• Conduct periodic internal review of key reconciliations — stock, debtors, creditors, bank — and present findings to the MD quarterly
• Ensure all inter-company transactions (director loans, related-party transactions) are properly documented, disclosed, and compliant with Companies Act requirements
How to Apply
Send your application to: hr@justbreads.co.in
Please include the following:
• Updated resume / CV
• A brief note (100–150 words) on the most complex GST or statutory compliance situation you have managed — what it was, what you did, and the outcome
• Current CTC, expected CTC, and notice period
Click on Apply to know more.