Lead Financial Controller

Description

The Mechanical Electrical Plumbing (MEP) design and consulting services help integrate energy and water-saving measures.

• Ensure timely, accurate and complete accounting of Income & Expense and complete MIS and comparison against budgets.
• Timely estimation of fund requirement & maintaining cash flows for projects to ensure smooth functioning of the project. Ensure maintenance of bank accounts, accounting of bank receipts/ payments in time, preparation of bank reconciliation.
• Forecasting and analyzing the cost comparison between tender level and zero based budget costing and project cost during execution and reasons for variances.
• Ensuring formulation of Control Processes for FOC expenses, Stocks Accounting, Project wise Reporting, Audit Checks and Balances wherever required.
• Ensuring detailed Financial Planning for all the LOBs in terms of the numbers on Revenue, Variable costs, Variable Contribution, Fixed Costs, Profit, EBIT & ROI + Cash Flow.
• Ensuring strong governance processes and compliance with all applicable statute.
• Ensure maximum utilization of ERP, immediate accounting of transactions in ERP without any delay.
• Prepare and analyse monthly revenue and margin MIS, detailed analysis of variances.
• Suggest & implement measures for cost reduction and tighter cost control measures by monitoring and analysing actuals vs budget with detailed activity wise on monthly basis.
• Ensure invoices are raised on client immediately upon completion of relevant milestone, follow up with concerned personnel for receipt of documents / approvals to ensure timely billing.
• Financial Planning & Strategy, Managing Profitability.
• Carryout site visits on regular basis, review the progress and performance and highlight areas of concerns, if any.
• Prepare and analyse periodic revenue and margin estimates (minimum quarterly), detailed analysis of cost to complete (CTC), variance analysis thereof.
• Ensuring that the culture of Business Excellence is implemented to the Project teams and the teams participate in various initiatives taken by the Organisation.
• Designing, Reviewing & Strengthening Internal Controls and Financial Processes followed in the project environment involving high risk exposure areas like Recognition of Revenue and correct estimation of CTC.
• Review GL / customer / vendor accounts every month and have rectification entries passed, if any.
• Ensuring total compliance with stronger and tighter controls.
• Collaborating with External and Internal Auditors, Statutory authorities, Customers ,Bankers, GST department and Accounts teams for any Finance related issues which need Resolution.
• Review and analyse debtors and unbilled receivable, review aging report, reasons for overdue receivable / unbilled revenue for more than 30 days.
• Price Variation (PV) Bill Calculation, System Billing and collection from Client.
• Institutionalising Risk Management across the Division
• Guiding LOB head to ensure achievement of Profit objective by advising and controlling the Utilization of Financial Resources like Revenue vs Cost reporting, Working Capital Deployment, Expense Control, Fixed Costs monitoring and Reporting.
• Other activities involving Project Accounting / POC, MIS Reporting, Indirect Tax, banking, Audit and Business Support.
• Ensure balances with sub-contractors / suppliers are reviewed and monitored and appropriate timely debits are raised and collected if any.
• Site accounting and compliances,
• Ensuring Legal Compliance and coordinate with site commercial team / HO legal team regarding legal cases filed against or by the Company.
• Overall responsibility of LOB-Financial Accounting, Reporting, Planning & Analysis.
• Ensuring achievement of Planned revenue, profit and Cash collection objectives.
• Handling Statutory & Internal Audit
• Identifying and assessment of Financial cum Operational Risks involved in business operations like longer duration Projects, Costs Escalations, Contributions Margins and Steady State Cash Flows.
• P&L Ledger scrutiny and Balance Sheet Account Reconciliation.
• Ensure review of revenue and cost GLs on monthly basis, accounting of transactions are complete and accurate for preparation of Revenue and Margin MIS;
• Ensure Direct and Indirect Tax compliances and Insurance, Coordinate with site commercial team / consultant on the taxation matters / tax notices.
• Working Capital Management (Inventory & Debtors & Creditors - Regular monitoring and review of Project Inventory at sites along with greater focus on Collections from Customers to ensure healthy CASH FLOW.

Requirements

10 to 15 years

CA or ICWA

• Assertiveness and Independence
• Project Accounting (POC)
• Analytical Ability
• Effective Communication
• Strong collection drive, internally within team and cross functional team and meeting customer for collection.
• Initiative and adaptability
• Knowledge of ERP software, Advanced Excel

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance