SUPERNOVA ENGINEERS LTD.

Job Title – Deputy to CFO

Job Location – Ahmedabad HO

Responsibilities –

The ideal candidate will have solid experience in commercial accounting, project accounting, financial controls, compliance and commercial risk assessment, preferably in a project-based environment. This role also involves active coordination with statutory auditors and managing GST refund processes including Inverted Duty Structure, SEZ supplies, and Export-related claims.

Key Responsibilities:

1. Commercial Accounting & Finance for Projects:

- Oversee and manage the accounting lifecycle for SITC and turnkey projects, ensuring accurate revenue recognition and cost booking.
- Track project-wise financial performance (cost vs. budget, revenue vs. milestone billing, cash flow).
- Ensure timely invoicing, certification, and collections in line with project milestones and contractual terms.
- Manage all aspects of project billing, including retention, advances, and client reconciliations.

2. Commercial Risk Assessment:

- Assist in identifying financial and contractual risks in commercial transactions.
- Support contract reviews from a financial perspective and suggest appropriate risk mitigation strategies.
- Work closely with project teams to ensure commercial compliance and profitability.

3. Audit & Statutory Compliance:

- Liaise with internal and statutory auditors for timely and accurate audit completion.
- Prepare and review audit schedules, reconciliations, and necessary documentation.
- Coordinate responses to auditor queries and ensure compliance with audit recommendations.

4. GST & Refund Management:

- Manage GST compliance including timely filing of returns and reconciliation of GST inputs and outputs.
- Prepare documentation and coordinate with consultants for GST refund claims under:
- Inverted Duty Structure
- Supplies to SEZ units/developers
- Exports of goods and services

5. Financial Planning & Analysis:





- Assist the CFO in preparing forecasts, budgets, and MIS for project financials.
- Conduct variance analysis and recommend corrective actions.
- Monitor working capital requirements and optimize cash flows for ongoing projects.

6. Payment & Treasury Functions:

- Oversee vendor payments related to project procurement and subcontracts.
- Ensure timely disbursements while maintaining compliance with internal controls and cash flow constraints.
- Liaise with banks for project finance, BGs, LCs, and fund/non-fund based limits.

7. Compliance & Internal Controls:

- Ensure compliance with statutory requirements – GST, TDS, Income Tax, Companies Act, etc.
- Implement and monitor internal financial controls related to project execution and payment processing.
- Support in audits – statutory, internal, and project-specific.

8. Strategic Support & Leadership:

- Act as a key support to the CFO in all financial, commercial, and strategic matters.
- Collaborate with cross-functional teams – Project Management, Procurement, Legal, and Sales – to align financial objectives with business goals.
- Contribute to systems improvement, ERP implementation/enhancement related to project accounting.

Educational Qualifications & Skills:

- Chartered Accountancy degree (final completed)
- 3-10 years of post-qualification experience
- Experience in managing financials of SITC/turnkey/EPC-type projects is highly desirable.
- Strong understanding of project accounting, taxation, banking instruments (LC, BG), and commercial law.
- Proficient in ERP systems and MS Excel.
- Solid leadership, communication, and analytical skills.

Preferred Industry Background: (Manufacturing)

- DG Set Manufacturing
- Power/Energy Solutions
- EPC/Infrastructure Projects
- Industrial Equipment or Engineering Firms

Pay: ₹50,000.00 - ₹120,000.00 per month

Benefits:

- Cell phone reimbursement
- Flexible schedule
- Provident Fund

Work Location: In person

📌 Deputy Chief Finance Officer (India)
🏢 Supernova Engineers
📍 India