Role: AGM – Accounts, Finance & Taxation

Level: Mid Management

Salary Range: 16 L – 20 L (bracket consideration depending on experience)

Industry: Construction/Contracting

Job Description

Accounts and Audit:

• Manage the Financial operations of the Organization, ensuring compliance with accounting principles & regulatory requirements.
• Finalization of accounts, divisional & branch accounting & Consolidation of Financials.
• Resolving the queries raised by statutory auditors, internal auditors etc. & getting the audits completed.
• Stores/ Materials accounting
• Tax audit details preparation & getting the same completed.
• Knowledge of Accounting Standards and their implementation
• Preparing the Annual report

MIS:

• Preparing Company wise & Project wise Profitability
• Preparing Debtors & Creditors Ageing report
• Preparing Debt Status report
• Preparing Site wise Working Capital Requirement
• Calculation of WIP & COS on the basis of percentage work completion
• Prepare accurate & timely financial reports, including monthly, quarterly & annual financial statements for the senior management

Budgeting:

• Building necessary base for annual budget preparation
• Monitoring the Budgets along with the actuals
• Analysing the Budget vs Actuals.
• Margin & Profitability Analysis
• Perform Financial analysis, identify trends & provide insights to support strategic decision making

Taxation:

• Oversee Filing of returns and attending tax authorities for assessments and appeals
• Ensuring Timely filing of returns
• Getting the GST Audit completed.
• Oversee Personal taxation – employees
• Collaborate with external auditors, tax advisors & legal counsel to ensure compliance with audit & tax

Finance:

• Preparation and submission of applications/Proposals to various Bankers/Financial Institutions for arranging loans for financial assistance in form of Working Capital Finance (Fund based & Non Fund Based), Term Loans, Short Term Deposits and timely follow up for necessary sanctions, documentations and disbursements.
• Renewal of Existing Loans & line of Credit.
• Preparing reports required by rating agencies & getting the ratings done from the credit rating agencies.
• Completing the Compliances required by the Bankers
• Surplus Fund Management in terms of placement of inter-corporate deposits to Corporate
• Preparing the Business Plan

Banking & Working Capital/Fund Management:

• Preparation of QIS/FFR & Calculation of drawing power
• Preparation of CMA
• Bill Discounting and L/C backed Bill discounting at competitive interest rates
• Arranging Letters of Credit and Bank Guarantee
• Arranging Suppliers' Credit and Buyers' Credit
• Placement of commercial papers
• Liaising with Senior Officials of Banks, Financial Institutions, Finance Companies, Mutual Funds, etc.
• Managing Vendor Payments & Receivables & ensuring accurate & timely process of transactions.
• Implement & maintain strong internal controls & financial procedures to safeguard company assets, Credit Control & ensure compliance

Corporate Planning and System:

• Involved in corporate planning during organizational & Capital restructuring at all levels
• Involved in formulation of various systems, policies, procedures, commensurate with the need of the company
• Involved in Financial projections of collaborations / joint ventures envisaged
• Experience in issue of IPO will be an added advantage
• Experience in Secretarial work (CS) will be an added advantage

Others:

• Team Management & Team Building
• Provide financial guidance & support to other departments
• Supervise & mentor the finance team, providing leadership, guidance and performance feedback.
• Stay updated with industry trends, regulations and best practices.
• Drive Process improvements & automation initiatives to enhance efficiency & accuracy in financial operations & finalisation.
• Handling assignments & required by the Management

Qualifications and skills

• Qualified CA/ICWA/MBA- Finance with 10 - 12yrs of total work experience in Construction/ Contracting industry
• Worked for 3-4 Years in a leadership role in a mid sized / large Construction/Contracting company into Finance & Accounting function.
• Should have handled a team.
• Candidate must be fully conversant with Fund Raising and Fund Management
• Candidate should be fully conversant with Finalisation of Books of accounts & Taxation.
• Candidate must be fully conversant with Budgeting, Forecasting, Cost & Credit Control, Margin Analysis, Costing & Profitability Analysis and Management Reporting
• Candidate must be very well versed in dealing with Banks and Financial Institutions
• Candidate must be experienced with arranging Project Finance for various projects as well as Expansions etc.
• Knowledge of innovative Financing Structures and Funding Mechanisms will serve as an added advantage for the applicant
• Candidate should be smart and articulate with good communication and presentation skill and must be ready to initiate everything through scratch.