Senior Financial Manager

1 day ago

Mysore, Karnataka, India beBeeFinancialPlanning Full time ₹ 20,00,000 - ₹ 25,00,000

Financial Planning and Governance Specialist

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The role involves overseeing the financial planning, budgeting, compliance, and treasury functions of the organization.

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This includes managing project accounting, ensuring adherence to statutory regulations, and supporting business growth through strong financial governance and cost control.

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The incumbent will act as a strategic partner to management, ensuring financial discipline and transparency

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Key Responsibilities:

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  • 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.
    ", "
  • 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.
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  • 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.
    ", "
  • 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.
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  • 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.
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  • 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.
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Qualifications & Experience:

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  • 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.
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Key Skills & Competencies:

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  • 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.
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