Senior Financial Manager

1 week ago

Pushkar, Rajasthan, India beBeeFinancialOperations Full time ₹ 1,50,00,000 - ₹ 2,00,00,000
Job Title: Financial Operations Lead

The role of the Financial Operations Lead involves overseeing the financial planning, reporting, budgeting, and treasury functions of an organization.

Key Responsibilities:
  • Financial Management & Reporting
    • Prepare 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.
  • 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.
  • 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.
  • 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 and Experience:

  • A chartered accountant or equivalent qualification.
  • 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 and 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.

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