Position Overview:
We are looking for an experienced and dynamic Head – Finance & Accounts to lead the Finance & Accounts function of the organization. The candidate will be responsible for overall financial management, accounting, taxation, cash-flow management, financial planning, MIS, statutory compliance, audits, project finance and commercial controls.
The ideal candidate should have strong experience in EPC – Infrastructure – Construction projects, excellent financial acumen, leadership capabilities, and the ability to work closely with the Management, Project Teams, Banks, Auditors, Consultants, Clients and other stakeholders.
Key Responsibilities:
1. Financial Planning & Management:
- – Develop and monitor annual budgets, financial plans and business projections.
- – Monitor profitability, project-wise financial performance and overall financial health.
- – Provide strategic financial advice to the Management for business decisions.
2. Project Finance & Cost Control:
- – Monitor project-wise profitability, revenue, expenses and cash flow.
- – Review project budgets, cost estimates and financial commitments.
- – Ensure effective control over project costs and identify areas for cost optimization.
3. Cash Flow & Working Capital Management:
- – Ensure timely availability of funds for project and corporate requirements.
- – Prepare and monitor monthly/weekly cash-flow statements and projections.
- – Coordinate with banks and financial institutions for working-capital requirements.
4. Accounting & Financial Reporting:
- – Ensure accurate and timely maintenance of books of accounts along with requisite internal financial controls.
- – Supervise monthly, quarterly and annual financial closing.
- – Prepare and review MIS, financial statements and management reports.
5. Taxation & Statutory Compliance:
- – Ensure timely compliance with GST, Income Tax, TDS and other applicable statutory requirements.
- – Supervise GST returns, reconciliations, assessments and related compliances.
- – Monitor tax exposures and identify opportunities for effective tax planning.
6. Audit & Compliance:
- – Coordinate with Statutory Auditors, Internal Auditors and Tax Auditors and ensure timely completion.
- – Review audit observations and ensure timely corrective actions.
- – Establish and strengthen internal financial controls and processes.
7. Banking & Financial Institutions:
- – Manage relationships with banks and financial institutions.
- – Monitor and handle bank guarantees, performance guarantees, security deposits and related documentation.
8. MIS & Management Reporting:
- – Present key financial indicators, project profitability, cash position and working capital status.
- – Provide detailed analysis of revenue, expenses, margins and financial variances.
- – Develop dashboards and financial reports to support Management decision-making.
9. Commercial & Contractual Finance:
- – Review financial and commercial implications of contracts, tenders and project agreements.
- – Review payment terms, escalation clauses, penalties, retention, LDs and other financial provisions.
- – Monitor contractual claims, variations and financial settlements in coordination with project teams.
10. Team Leadership:
- – Lead, mentor and develop the Finance & Accounts team.
- – Ensure timely completion of accounting, taxation, MIS and compliance activities.
- – Build strong coordination between Finance, HR, Commercial, Procurement and Project teams.
11. Internal Controls & Process Improvement:
- – Establish robust financial controls and approval mechanisms.
- – Identify financial risks and implement appropriate mitigation measures.
- – Drive automation and digitization of Finance & Accounts processes wherever possible.
Required Skills & Competencies:
- – Strong knowledge of Accounting, Finance, Taxation and Auditing.
- – Excellent understanding of EPC – Infrastructure – Construction project finance.
- – Strong knowledge of GST, TDS, Income Tax and statutory compliances.
- – Excellent cash-flow and working-capital management skills.
- – Strong analytical and financial decision-making ability.
- – Good knowledge of ERP/accounting software and MS Excel.
- – Strong leadership and team-management capabilities.
- – Excellent communication and stakeholder-management skills.
- – Ability to work under pressure and meet strict deadlines.
- – Strong commercial and business understanding.
Educational Qualification:
- – Chartered Accountant (CA) – Preferred.
Experience:
- – Candidates with significant experience in EPC, Infrastructure, Construction or Engineering companies will be preferred.
- – Experience in handling project finance, taxation, MIS, audits, cash flow, banking and team management is essential.