Senior Financial Manager

1 week ago

Bellary, Karnataka, India beBeeFinance Full time ₹ 2,00,00,000 - ₹ 2,50,00,000
Key Finance Position:

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

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

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

Key Responsibilities:

  • 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.
  • 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 & 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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