Chief Financial Officer

2 weeks ago

Gulbarga, Karnataka, India beBeeFinance Full time ₹ 1,50,00,000 - ₹ 2,00,00,000

Job Summary:

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  • This is a leadership role that requires expertise in finance, accounting, and project management.">
  • The ideal candidate will have strong knowledge of construction accounting standards and experience with ERP/accounting systems.">
  • S/He must be able to lead a team and ensure timely closure of accounts at both the site and corporate levels.">
  • The role involves managing financial planning, reporting, budgeting, compliance, and treasury functions of the organization.">
  • The incumbent will act as a strategic partner to management, ensuring financial discipline and transparency">
  • The location for this job is Chennai and the industry is Construction / Real Estate / Infrastructure.">
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Main Responsibilities:

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  2. Financial Management & Reporting:">
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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 & 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 & 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 & Audit:">
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  • 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:">
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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 & Development:">
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  • 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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What We Offer:

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  • Attractive Salary Package">
  • Industry: Construction / Real Estate / Infrastructure">
  • Location: Chennai">
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