Executive - F&A

Larsen & Toubro Limited (L&T); Madhya Pradesh; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Larsen & Toubro Limited (L&T) in India seeks a Finance professional with an MBA to oversee cost management, budgeting, and financial reporting for plant operations. The role demands strong internal controls, compliance, and ability to perform variance analysis and cash flow monitoring.

The candidate will engage in capital allocation decisions, investment evaluations, and ensure adherence to statutory and corporate policies across finance functions.

Qualifications

• MBA is required.
• Experience in cost management and financial control is essential.
• Strong grasp of financial reporting and internal controls is expected.

Responsibilities

• Facilitate cost monitoring and control.
• Budgetary control – Operation & Maintenance Cost, Interest and Manpower.
• Ensure interest cost is maintained below the annual target.
• Ensure borrowing levels stay within the budget.
• Comply with procedures and financial policies, ensuring financial discipline.
• Ensure transactions are recorded, consolidated and reported per accounting standards and policies.
• Establish robust internal controls and processes.
• Achieve 100% statutory compliance (VAT, TDS, GST, Companies Act, IND AS, ICFR, ICDS, etc.) for the plant.
• Review financial transactions and reports in line with policies.
• Adherence to organizational procedures issued by management.
• Carry out variance analysis, monitor cash flow and working capital.
• Support investment evaluations for capacity expansion and other initiatives.

Skills

Cost management

Internal controls

Financial reporting

Variance analysis

Cash flow monitoring

Working capital management

Education

Master of Business Administration (MBA)

Job description

Finance Accounting MIS Auditing Financial Analysis Financial Reporting Corporate Finance Internal Audit Financial Accounting

Master of Business Administration (MBA)

Job Description

Key Responsibilities

Cost Management

1. 1.Facilitate cost monitoring and control
2. 2.Budgetary Control – Operation & Maintenance Cost, Interest and Manpower
3. 1.Ensure interest cost is maintained below level as decided yearly
4. 2.Ensure borrowing levels within the budget.

Compliance & Controls

1. 1.Comply with procedures and financial policies, ensuring financial discipline.
2. 2.Ensure that all transactions are recorded, consolidated, reported in compliance with prescribed accounting standards and policies.
3. 3.Ensure robust Internal Control system and processes
4. 4.100% compliance with statutory requirements of VAT, TDS, GST, New Companies Act, IND AS, ICFR, ICDS, etc., for the plant.
5. 5.Review financial transactions/reports in line with the policies.
6. 6.Adherence to organizational procedure issued by management.
7. 8.Carry out variance analysis, monitoring of cash flow & working capital.

Capital Allocation & Investment Decision

1. 1.Support in carrying out investment evaluations for capacity expansion and other initiatives, as and when required.