Senior Financial Director

6 days ago


Bhavnagar, Gujarat, India beBeeFinancial Full time ₹ 1,50,00,000 - ₹ 2,50,00,000

**Financial Leadership Role**

  • Oversee financial planning, budgeting, compliance, and treasury functions of the organization.

**Key Responsibilities:**

  • Manage project accounting, ensure adherence to statutory regulations, and support business growth through strong financial governance and cost control.
  • Act as a strategic partner to management, ensuring financial discipline and transparency.

**Financial Management & Reporting:**

  • Lead 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.

**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.
  • 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 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:**

  • Chartered Accountant (CA) / Cost Accountant (CMA) / MBA (Finance).
  • 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.
  • 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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