Senior Financial Controller

1 day ago

Hubli, Karnataka, India beBeeFinancial Full time ₹ 1,50,00,000 - ₹ 2,50,00,000

Overview of the Role:

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The Finance and Accounting Manager will oversee financial planning, reporting, budgeting, compliance, and treasury functions. This position involves managing project accounting, ensuring adherence to statutory regulations, and supporting business growth through strong financial governance and cost control.

Key Responsibilities:

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  • 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 and Forecasting:

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  • 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 and Control:

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  • 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 and Audit:

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  • Ensure compliance with all statutory requirements.
  • Liaison with auditors, banks, financial institutions, and regulatory authorities.
  • Implement and monitor internal controls, policies, and procedures.

Treasury and Fund Management:

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  • 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 and Development:

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  • Lead and mentor the finance and 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.

Requirements:

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  • Chartered Accountant (CA) / Cost Accountant (CMA) / MBA (Finance).
  • 12–18 years of experience in Finance and 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.

Skills and Competencies:

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  • Strong knowledge of construction accounting standards.
  • 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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