2+ Project accounting Jobs in India

Position: Finance Manager

Location: Chennai - Saidapet

Experience: 10+ Years

Qualification: Chartered Accountant (CA)

Key Responsibilities:

• Manage project accounting activities including budgeting, forecasting, cost tracking, and financial analysis.
• Monitor project profitability and provide actionable financial insights.
• Prepare and review monthly financial schedules, including:
• Accruals for Trade Creditors
• Foreign Exchange Exposure
• Debtors Aging
• Retention Payables and Receivables
• Prepare and present cash flow reports, work-in-progress (WIP) reports, and project costing analysis.
• Implement and maintain financial controls in line with Group policies and procedures.
• Ensure compliance with internal financial policies and approval processes.
• Monitor compliance with Goods Receipt Voucher (GRV) procedures.
• Coordinate with auditors, consultants, and government authorities for statutory, tax, and compliance audits.
• Ensure adherence to accounting standards, tax regulations, and corporate governance requirements.
• Ensure timely month-end, quarter-end, and year-end financial closing activities.
• Prepare and submit financial reports to Group Management within defined timelines.
• Support ERP implementation, enhancement, and process optimization initiatives.
• Drive process improvements through effective utilization of ERP systems, preferably SAP.
• Manage Direct Tax, Indirect Tax (GST), Customs Duties, and Transfer Pricing requirements.
• Ensure compliance with Indian tax regulations and IFRS standards.
• Support tax planning and coordinate tax assessments and audits.
• Ensure timely processing of payments to suppliers and contractors.
• Monitor vendor outstanding balances and maintain healthy supplier relationships.
• Support procurement teams with financial reviews and service follow-ups.
• Partner with operations teams on project-related financial activities.
• Provide financial guidance on customs duties, GST, and income tax implications.
• Support HR-related statutory compliance activities when required.
• Ensure timely invoicing and billing of clients.
• Monitor accounts receivable and follow up on outstanding payments.
• Improve collection cycles and cash flow management.

Additional Responsibilities

• Collaborate with cross-functional teams and global stakeholders.
• Provide support on strategic and ad-hoc assignments from the General Manager and Group Management.
• Be willing to travel across India at short notice based on business requirements.

Technical Skills

• Strong knowledge of:
• Project Accounting
• Financial Planning & Analysis (FP&A)
• Budgeting & Forecasting
• Cash Flow Management
• Financial Controls & Compliance
• Indian Direct and Indirect Taxation
• Customs Duties
• Transfer Pricing
• IFRS Standards
• Hands-on experience with ERP systems, preferably SAP

Job Location: Mumbai

Key Responsibilities

1. Financial Strategy & Leadership

Develop and execute financial strategies aligned with company growth objectives

Partner with CEO and leadership team on business expansion, investments, and risk management

Provide financial insights to support strategic decision-making

2. Financial Planning & Analysis (FP&A)

Lead budgeting, forecasting, and financial modeling processes

Monitor project-wise profitability and cost performance

Analyze variances and recommend corrective actions

Drive margin improvement across projects

3. Project Accounting & Cost Control

Oversee project costing, revenue recognition (percentage of completion method), and billing

Ensure accurate tracking of:

BOQs (Bill of Quantities)

Variations and change orders

Material and labour costs

Implement strong cost control mechanisms for facade projects

4. Treasury & Cash Flow Management

Manage cash flow, working capital, and liquidity planning

Oversee banking relationships, including:

Bank Guarantees (BGs)

Letters of Credit (LCs)

Project financing

Optimize fund utilization and reduce finance costs

5. Accounting & Compliance

Ensure accurate and timely financial reporting as per applicable standards

Oversee audits, taxation (GST, Income Tax), and statutory compliance

Maintain strong internal controls and governance frameworks

Ensure compliance with contract terms and financial regulations

6. Risk Management

Identify financial and operational risks in projects and contracts

Evaluate contract terms for financial exposure

Implement mitigation strategies for cost overruns, delays, and claims

7. Commercial & Contract Management

Review contracts for commercial viability and risk

Support negotiation of project terms, payment milestones, and escalation clauses

Monitor receivables and ensure timely collections

8. Team Leadership

Lead and mentor finance, accounts, and commercial teams

Build systems, processes, and SOPs for scalability

Drive automation and ERP implementation (if required)

Key Requirements

Education

CA / CPA / MBA (Finance) or equivalent qualification

Experience

10–18+ years in finance, with at least 5 years in a leadership role

Strong experience in construction, facade, EPC, or project-based industries

Proven expertise in project accounting and contract management

Skills & Competencies

Strong financial acumen and strategic thinking

Expertise in cost control and margin management

Knowledge of BGs, LCs, and project financing

Excellent leadership and stakeholder management skills

High proficiency in ERP systems and financial tools

Key Performance Indicators (KPIs)

Project profitability and margin improvement

Cash flow and working capital efficiency

Reduction in cost overruns

Timely financial reporting and compliance

Receivables cycle and collection efficiency