Accounts Head

Role & responsi

Reporting To

CFO (direct reporting) | Functional coordination with WTD/Business Head

Role Objective

Lead RBMs finance & accounts controllership under CFO—ensuring accurate books, strong internal controls, clean compliance, project-wise profitability tracking, working capital discipline, and audit readiness across multiple EPC/shutdown sites.

Key Roles & Responsibilities

1) Financial Controllership & Books of Accounts (Core)

• Manage end-to-end accounting: monthly closing, GL scrutiny, provisions, accruals, reconciliations.
• Maintain robust control on ledger hygiene: vendor/customer ledgers, advances, deposits, statutory payables.
• Ensure accurate accounting for site expenses, rentals, consumables, tools & tackles, subcontractor bills, and inter-site transfers.
• Prepare MIS packs: P&L, balance sheet, cashflow, working capital dashboard (weekly/monthly).

2) Project Finance & Cost Control (EPC / Unit Rate Focus)

• Implement project-wise cost capture and profitability (site-wise P&L / job costing).
• Track cost-to-complete, margin bridge, variance vs budget, and highlight margin leakages early.

• Monitor and control:

• manpower cost (direct/indirect), overtime, mobilization/demobilization

• consumables norms vs actual (electrodes/gases/wheels etc.)
• rentals & hire charges (crane/hydra/scaffolding/dg etc.)

• subcontractor cost vs productivity/output

• Build systems for WIP / unbilled revenue / accruals and site-wise true profitability.

3) Receivables, Billing Support & Cashflow Discipline

• Work with Commercial/Projects for strong billing documentation readiness (RA bills, certifications, debit notes/credit notes).
• Maintain customer outstanding & aging (client-wise, site-wise) and drive follow-ups with escalation.
• Cashflow forecasting: weekly cash position, inflow plan, priority payments, risk alerts.
• Control retention, BG, security deposits, and reconcile recoveries.

4) Payables, Vendor Controls & Payment Governance

• Maintain strong AP discipline: 3-way match (PO/WO–GRN–Invoice) wherever applicable.
• Vendor reconciliation, credit term control, interest/penalty prevention, and dispute resolution support.
• Govern payments: maker-checker, approval matrix, payment calendar, vendor risk categories.

5) Statutory Compliance (High Priority)

• Ensure full compliance: GST, TDS, TCS (if applicable), PF/ESIC coordination, PT, etc.
• GST: GSTR-1, GSTR-3B, ITC reconciliations, vendor compliance tracking, e-invoice/e-way where applicable.
• TDS: correct deduction, timely deposit, returns, Form 16A issuance.
• Handle notices, assessments, and liaison with consultants.

6) Audit, Controls & Risk Management

• Lead statutory audit / tax audit coordination and closure of audit queries.
• Establish internal controls: expense approvals, advances, imprest, site cash controls, asset capitalization.
• Implement periodic internal audits at sites: cash, stores linkages, payroll, vendor bills, GRN controls.
• Fraud risk management: prevent leakage in cash, fuel, consumables, rentals, subcontractor bills.

7) Treasury, Banking & Funding Support (Under CFO)

• Coordinate with banks for limits, BGs, LC documentation support (if applicable).
• Track interest cost, bank charges, and optimize working capital cycles.
• Prepare data for fund raising, lender MIS, and covenant compliance (if applicable).

8) Team Leadership & ERP Discipline

• Lead accounts team (corporate + site accountants): training, KRA/KPI, review rhythm.
• Ensure ERP discipline (any ERP): site accounting entries, approvals, masters control, cost center structure.
• Standardize templates: vendor reconciliation, site expense tracker, advance register, asset register.

Key Deliverables / KPIs

• Monthly closing within defined timelines with clean reconciliations
• Accurate project-wise profitability and early margin risk visibility
• Improved working capital: reduced receivable aging, controlled payables cycle
• Zero major GST/TDS non-compliance; strong ITC reconciliation
• Audit closure with minimal qualifications / observations
• Strong internal controls & reduced financial leakages

Desired Candidate Profile (Must-Have)

Qualification

• Chartered Accountant (CA) – Mandatory

Experience

• 6–15 years post-qualification experience (or mixed CA articleship + industry)
• Strong experience in EPC / construction / industrial project finance preferred
• Exposure to multi-site accounting, job costing, GST/TDS, working capital controlbilities

Preferred candidate profile