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Assistant General Manager Finance

4 weeks ago

Chennai, India Renaatus Full time

The AGM – Finance & Accounts will be responsible for overseeing the financial planning, reporting, budgeting, compliance, and treasury functions of the organization. This role involves managing project accounting, ensuring adherence to statutory regulations, and supporting business growth through strong financial governance and cost control. The incumbent will act as a strategic partner to management, ensuring financial discipline and transparency


Location: Chennai

Industry: Construction / Real Estate / Infrastructure

Attractive Salary Package


1. Financial Management & Reporting

  • Lead the preparation of monthly, quarterly, and annual financial statements.
  • Ensure timely MIS reporting, variance analysis, and financial projections.
  • Monitor project-wise profitability and cash flow management.
  • Implement cost control measures to optimize project margins.

2. Budgeting & Forecasting

  • Prepare annual budgets and forecasts in alignment with business objectives.
  • Monitor actual performance against budgets and provide actionable insights.
  • Track project-specific budgets and support project managers with financial data.

3. Project Accounting & Control

  • Supervise accounting for construction projects including work-in-progress (WIP), billing, subcontractor accounts, and material reconciliations.
  • Ensure compliance with revenue recognition policies specific to construction contracts.
  • Manage contract accounting, retention money, and escalation claims.

4. Compliance & Audit

  • Ensure compliance with all statutory requirements (Income Tax, GST, Companies Act, Labour Cess, PF, ESI, etc.).
  • Liaison with auditors, banks, financial institutions, and regulatory authorities.
  • Implement and monitor internal controls, policies, and procedures.

5. Treasury & Fund Management

  • Manage cash flow requirements for ongoing and upcoming projects.
  • Maintain relationships with banks for working capital, term loans, and BG/LC facilities.
  • Monitor interest costs and optimize fund utilization.

6. Team Leadership & Development

  • Lead and mentor the finance & accounts team across multiple project sites.
  • Build capabilities for financial discipline at the site and corporate levels.
  • Ensure timely closure of accounts at HO and site levels.


Qualifications & Experience:

  • Qualification: Chartered Accountant (CA) / Cost Accountant (CMA) / MBA (Finance).
  • Experience: 12–18 years of experience in Finance & Accounts, with at least 5 years in a leadership role in the construction / infrastructure / real estate industry.
  • Hands-on experience with ERP/accounting systems -SAP preferred.


Key Skills & Competencies:

  • Strong knowledge of construction accounting standards (Ind AS/AS-7, revenue recognition, WIP, etc.).
  • Expertise in taxation, statutory compliances, and financial controls.
  • Proven ability to manage project costing, billing cycles, and subcontractor accounts.
  • Strong analytical, problem-solving, and decision-making skills.
  • Leadership, team management, and effective communication abilities.