Finance & Accounts Manager

Shubham Engineering Pvt Ltd; Mumbai; On-site; INR 2,000,000 - 3,500,000; Full time

Job summary

Shubham Engineering Pvt Ltd in Mumbai seeks an experienced Finance & Accounts Manager to oversee budgeting, financial reporting, and project cost control for a construction-focused organization.

The role emphasizes cash flow management, regulatory compliance, and strategic planning, with 7–10 years in finance and 3–5 years in a managerial capacity within MEP/construction. Strong ERP and leadership skills are essential.

Qualifications

• Bachelor’s Degree in Accounting, Finance, or Commerce is mandatory.
• CA or CMA (interqualified preferred) and 7–10 years of progressive finance experience.
• 3–5 years in a managerial role within MEP or construction sector.
• Strong understanding of project accounting, cost control, and construction finance.
• Hands-on experience with accounting software (Tally, QuickBooks, Zoho, or ERP systems like SAP or Oracle).
• Strong analytical, communication, and leadership skills.

Responsibilities

• Oversee daily operations of the finance and accounting department.
• Prepare monthly, quarterly, and annual financial statements and reports.
• Monitor and manage cash flow, bank positions, and fund requirements.
• Develop budgets, forecasts, and financial models with project teams.
• Maintain the general ledger and ensure accurate data entry and reconciliation.
• Monitor project costs, billing, revenue recognition, and profitability of projects.
• Coordinate with project managers to track budgets vs. actuals.
• Ensure timely client billing and follow-up on receivables.
• Control and analyze cost allocations and WIP reports.
• Ensure compliance with tax, labor laws, and financial regulations.
• Coordinate audits and liaise with banks and auditors.
• Oversee payroll and vendor management; ensure timely payments.

Skills

Financial analysis

Budgeting

Cash flow management

Leadership

Cost control

Financial reporting

ERP systems

Education

Bachelor’s Degree in Accounting/Finance/Commerce

CA or CMA (interqualified preferred)

Tools

Tally

QuickBooks

Zoho

SAP/Oracle ERP

Job description

Department : Finance & Accounts

Industry : MEP Contracting / Construction

Reports To : CFO

Job Summary

The Finance & Accounts Manager is responsible for overseeing all financial and accounting functions of the MEP contracting company. This includes budgeting, financial reporting, project cost control, compliance, and strategic planning. The role is crucial in managing cash flow, optimizing financial performance, and ensuring regulatory compliance, especially in a project-driven construction environment.

Key Responsibilities

Financial Management & Reporting

• Manage and oversee daily operations of the finance and accounting department.
• Prepare monthly, quarterly, and annual financial statements and reports.
• Monitor and control company-wide cash flow, bank positions, and fund requirements.
• Develop budgets, forecasts, and financial models in coordination with project teams and senior management.
• Maintain the general ledger and ensure accurate financial data entry and reconciliation.

Project Accounting & Cost Control

• Monitor project costs, billing, revenue recognition, and profitability of MEP projects.
• Work closely with project managers to track project budgets vs. actual costs.
• Ensure timely client billing (progress claims, variation orders) and follow up on receivables.
• Control and analyze cost allocations, job costing, and work-in-progress (WIP) reports.

Compliance & Audit

• Ensure compliance with applicable tax laws, labor laws, and financial regulations.
• Coordinate internal and external audits and provide required documentation.
• Liaise with banks, auditors, government bodies, and other financial institutions as required.

Payroll & Vendor Management

• Oversee payroll preparation and statutory contributions (e.g., end-of-service, leave, etc.).
• Manage accounts payable and receivable cycles, ensuring timely payments and collections.
• Ensure proper documentation and reconciliation of subcontractor/vendor accounts.

Strategic Finance & Leadership

• Provide strategic recommendations to the management for financial planning and business growth.
• Lead and mentor a team of accountants and finance staff.
• Develop financial controls, policies, and procedures to improve operational efficiency.

Requirements

• Bachelor’s Degree in Accounting, Finance, or Commerce (mandatory).
• Professional certifications such as CA or CMA (interqualified are also preferred).
• 7-10 years of progressive experience in finance & accounts, with at least 3-5 years in a managerial role within the MEP or construction sector.
• Strong understanding of project accounting, cost control, and construction finance.
• Hands-on experience with accounting software (Tally, QuickBooks, Zoho, or ERP systems like SAP or Oracle).
• Strong analytical, communication, and leadership skills.

Preferred Qualifications

• Knowledge of corporate tax and labor regulations.
• Experience handling financial operations for multiple simultaneous projects.
• Familiarity with IND AS and construction-specific financial reporting standards.