Position Purpose
To independently manage the company's financial accounting, banking operations, statutory compliance, import finance, product costing and commercial finance activities. The role ensures accurate financial reporting, effective cash flow management, proper cost control and efficient working capital utilisation across distribution and manufacturing operations.
Key Responsibilities
Accounting & Financial Reporting
- Oversee daily accounting operations, including sales, purchases, receipts, payments and journal entries.
- Maintain accurate ledgers, customer/supplier accounts and financial records.
- Manage monthly and annual book closing and preparation of financial statements.
- Review bank, inventory and account reconciliations.
- Supervise the accounting team and ensure timely transaction recording across Kathmandu and Bhairahawa operations.
Banking, Treasury & Cash Flow
- Manage banking relationships, transactions and credit facilities, including overdrafts, working capital loans and LCs.
- Monitor daily cash and bank positions and prepare cash flow forecasts.
- Manage loan utilisation, interest calculations, renewals and banking documentation.
- Plan supplier payments and coordinate funding requirements with banks.
Imports & Commercial Finance
- Handle import-related banking documentation, including LC opening, amendments and settlements.
- Coordinate import documentation, insurance, customs duties and banking formalities.
- Calculate and maintain accurate landed costs, including freight, customs duty and clearing charges.
- Coordinate with Supply Chain and Plant Commercial teams on import costing and reconciliation.
Product Costing & Profitability
- Prepare and maintain product-wise costing statements and landed costs.
- Analyse gross margins by product, customer and sales channel.
- Support product pricing and commercial decisions through financial analysis.
- Review manufacturing costs and material consumption variances.
- Identify low-margin or loss-making products and recommend cost improvements.
Taxation, Compliance & Audit
- Ensure timely VAT, TDS, income tax and other statutory filings.
- Maintain compliance with Nepalese tax, accounting and company regulations.
- Coordinate with auditors, tax consultants and regulatory authorities.
- Prepare audit schedules, resolve audit observations and maintain statutory records.
Working Capital & Financial Control
- Monitor accounts receivable, accounts payable and inventory positions.
- Prepare ageing reports and analyse working capital requirements.
- Coordinate with Sales and Credit Control on overdue payments and collections.
- Monitor supplier obligations, payment schedules and cash conversion cycles.
- Identify financial risks and strengthen internal financial controls.
Budgeting & Management Reporting
- Prepare monthly financial and management reports for the CEO.
- Support annual budgeting, financial projections and periodic forecasting.
- Analyse budget variances, revenue, expenses, profitability and cash flow.
- Provide financial insights to support management and commercial decisions.
Key Performance Indicators (KPIs)
- Timely and accurate monthly financial closing and reporting.
- Timely statutory and tax filings without penalties.
- Accuracy of financial records and reconciliations.
- Effective cash flow forecasting and banking facility management.
- Accurate product costing and profitability analysis.
- Timely completion of import-related financial documentation.
- Effective working capital management.
- Satisfactory audit outcomes and compliance with internal controls.
Decision Authority
- Verify and recommend payments within approved financial limits.
- Coordinate banking, import and financial transactions within delegated authority.
- Review and validate product costing and financial reports.
- Hold or escalate transactions involving incomplete documentation or compliance concerns.
- Escalate major funding decisions, credit exceptions and significant financial commitments to the CEO.
Qualifications & Experience
Education
- Bachelor's degree in Accounting, Finance or Commerce.
- CA Inter, semi-qualified CA, ACCA or equivalent qualification preferred.
Experience
- 3–5 years of relevant accounting and finance experience.
- Experience in trading, distribution, import-based or manufacturing businesses preferred.
- Practical knowledge of Nepalese taxation, banking operations and financial reporting.
- Experience in LC handling, import finance and product costing strongly preferred.
- Experience managing company accounts or supervising an accounts team is an advantage.
Technical Skills
- Strong knowledge of accounting principles and financial statements.
- Proficiency in ERP/accounting software; ERPNext preferred.
- Advanced Microsoft Excel skills.
- Knowledge of Nepalese VAT, TDS and income tax regulations.
- Understanding of import documentation, banking facilities and landed costing.
Key Competencies
- Strong analytical, numerical and problem-solving skills.
- High attention to detail, accuracy and organisation.
- Ability to independently manage multiple finance functions.
- Commercial awareness and sound financial judgement.
- Integrity, confidentiality and accountability.
- Effective coordination and communication skills.
