Assistant Manager

Larsen & Toubro Limited; Chennai District; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

DEIC-L&T Precision Engineering & Systems IC seeks an experienced finance professional in Chennai to oversee revenue recognition, margins, billing, and collections across multiple projects. The role drives working capital optimization, cash flow forecasting, and periodic performance reporting.

You will partner with operations and procurement to ensure profitability, manage Capex and overhead costs, and provide strategic financial insights to management.

Qualifications

• 8–10 years of experience in finance and accounting.
• MCom or equivalent.
• Knowledge of revenue recognition and project accounting.
• Experience in working capital and cash flow management.

Responsibilities

• Job-wise Revenue Recognition, Margin, Billing & Collection: monitor recognition, profitability, invoicing, collections, and reporting.

Skills

Revenue recognition

Cash flow management

Financial reporting

Project profitability

Variance analysis

Education

Master of Commerce (MCom)

Job description

• DEIC-L&T Precision Engineering & Systems IC

Posted On 12 Aug 2026

End Date 08 Feb 2027

Required Experience 8 - 10 years

Knowledge & Posting Location

Finance & Accounting

Master of Commerce (MCom)

Job Description

1. Job-wise Revenue Recognition, Margin, Billing & Collection

• Monitor and ensure accurate revenue recognition for each project/job in accordance with accounting standards and company policies.
• Analyze project profitability by tracking gross margin and contribution margin at the job level.
• Review customer billing schedules and ensure timely invoicing as per contract milestones.
• Track accounts receivable, follow up with customers for collections, and minimize overdue outstanding balances.
• Provide regular reports on revenue, margin performance, billing status, and collection efficiency to management.

2. Working Capital Management

• Monitor and optimize working capital components, including receivables, payables, inventory, and advances.
• Analyze cash conversion cycles and identify opportunities to improve liquidity.
• Coordinate with operations, procurement, and finance teams to ensure efficient utilization of working capital.
• Develop strategies to reduce fund blockage and improve overall cash flow management.

3. Cash Flow Projection, Management & Net Cash Flow (NCF)

• Prepare short-term and long-term cash flow forecasts based on business requirements and project schedules.
• Monitor actual cash flows against projections and identify variances.
• Ensure adequate liquidity for operational and project needs while minimizing financing costs.
• Prepare and analyze Net Cash Flow (NCF) reports for management decision-making.
• Support treasury activities related to cash planning, banking, and fund management.

4. Project Execution Control

• Monitor project financial performance throughout the project lifecycle.
• Review project budgets, costs, commitments, and resource utilization to ensure profitability.
• Work closely with project managers to identify risks, cost overruns, and corrective actions.
• Ensure compliance with approved budgets and project financial controls.
• Track project milestones and support management with timely financial insights.

5. Variance Analysis

• Perform detailed analysis of actual performance against budgets, forecasts, and prior periods.
• Investigate significant variances in revenue, costs, margins, cash flow, and overheads.
• Identify root causes of deviations and recommend corrective actions.
• Present variance analysis reports to management with actionable insights for performance improvement.

6. Overhead Budgeting and Control

• Prepare annual overhead budgets in alignment with business objectives.
• Monitor departmental and corporate overhead expenses against approved budgets.
• Analyze spending patterns and identify cost-saving opportunities.
• Ensure proper allocation and control of indirect costs across projects and business units.
• Support management in maintaining operational efficiency through effective cost control measures.

7. Capital Expenditure (Capex) Budget Management

• Prepare and monitor capital expenditure budgets for new investments and ongoing projects.
• Evaluate Capex proposals through financial analysis, ROI, and payback assessments.
• Track actual capital spending against approved budgets.
• Ensure compliance with company approval processes and capitalization policies.
• Provide management with regular updates on capital project status and utilization.

8. Overhead Recovery Booking

• Calculate and account for overhead recovery based on established allocation methodologies.
• Ensure accurate booking of overhead costs to projects, departments, or cost centers.
• Reconcile recovered overheads with actual expenses and analyze recovery variances.
• Support month-end and year-end closing activities related to cost allocation and recovery.

9. Provision Entries for GIT, Sub-Contractor Costs and Overheads

• Review and record provisions for Goods in Transit (GIT), subcontractor liabilities, and accrued overhead expenses.
• Ensure all costs are recognized in the appropriate accounting period following accrual accounting principles.
• Validate supporting documentation and estimates for provision calculations.
• Coordinate with procurement, project, and finance teams to ensure completeness and accuracy of provisions.
• Monitor provision reversals and adjustments in subsequent accounting periods.

10. Performance Note Preparation

• Prepare comprehensive monthly, quarterly, and annual performance notes for management review.
• Summarize key financial and operational performance indicators, including revenue, profitability, cash flow, and project status.
• Highlight significant variances, key achievements, challenges, and risk areas.
• Provide meaningful business insights and recommendations to support strategic decision-making.
• Present management reports and dashboards with clear commentary on business performance and future outlook.