Assistant Manager – Accounts & Finance

Department: Finance & Accounts

Reporting To: Head – Accounts & Finance

Job Purpose

To support the Finance function by managing project accounting, administrative accounting, financial reporting, statutory compliance, budgeting, treasury, working capital, and internal controls. The role is responsible for ensuring accurate accounting of project costs and revenues, monitoring project profitability, supporting commercial decision-making, and ensuring compliance with applicable accounting standards, tax regulations, and company policies.

Key Responsibilities

Accounting & Cost Control

- Supervise Accounts Executives and maintain accurate accounting records for Head Office (HO) transactions and all ongoing/completed projects.
- Monitor HO budgets, project-wise budgets, actual costs, and profitability.
- Review project cost allocations and track material, subcontractor, labour, logistics, overhead, and other indirect expenses.
- Prepare HO and project cost reports highlighting cost overruns, savings, and financial risks.
- Review Work-in-Progress (WIP) and coordinate with Project Managers on forecasts.
- Ensure accurate and timely closure of books of accounts.
- Review reconciliations of ledgers, bank accounts, and inter-company balances.

Revenue Recognition & Contract Accounting

- Account for revenue based on contractual milestones and applicable accounting standards.
- Review contracts for payment milestones, retentions, variation orders, liquidated damages, contract assets/liabilities, and provisions.

Financial Reporting & Month-End Closing

- Complete monthly, quarterly,



and annual financial close activities.
- Prepare profitability reports, dashboards, reconciliations, accruals, and variance analyses for projects and HO operations.
- Assist in preparing MIS reports and financial summaries for management.

Accounts Receivable & Collections

- Monitor milestone-based billing, receivables, advances, retentions, and collections.
- Follow up on outstanding payments and support working capital management.

Accounts Payable & Vendor Management

- Review project vendor invoices, subcontractor bills, reconciliations, and payment processing.
- Ensure timely and accurate vendor payments.

Treasury & Working Capital

- Prepare project cash flow forecasts.
- Manage banking requirements, including Bank Guarantees (BGs), Performance Bank Guarantees (PBGs), Letters of Credit (LCs), and related documentation.

Budgeting, Forecasting & MIS

- Prepare budgets, forecasts, MIS reports, and project variance analyses.
- Support management with financial planning and performance tracking.

Statutory Compliance & Audit

- Ensure timely filing of GST returns, TDS returns, and other statutory compliances.
- Monitor compliance with the Companies Act, Income Tax regulations, and other applicable laws.




- Coordinate with consultants, auditors, and regulatory authorities on compliance matters.

Internal Controls & Process Improvement

- Develop and implement SOPs.
- Strengthen internal controls and governance processes.
- Support ERP enhancements, process automation, and continuous improvement initiatives.

Business Partnering

- Collaborate with Project, Commercial, Procurement, and Management teams.
- Provide financial analysis and insights to support commercial and operational decision-making.

Qualifications

- CMA / MBA (Finance) / M.Com

Experience

- 7–10 years of experience in EPC, Engineering, Infrastructure, Water Treatment, Irrigation, Construction, or other project-based industries.
- Experience working with ERP systems is essential.

Technical Skills

- Project Accounting
- Contract Accounting
- MIS & Financial Reporting
- Budgeting & Forecasting
- GST & TDS Compliance
- Treasury Management
- Advanced Microsoft Excel
- ERP Systems
- Financial Modelling

Behavioral Competencies

- Commercial Acumen
- Analytical Thinking
- Effective Communication
- Ownership & Accountability
- Integrity & Ethics
- Stakeholder Management

Key Performance Indicators (KPIs)

- Timely financial closing
- Project margin performance
- Accuracy of WIP reporting
- Timely billing and collections
- Statutory compliance adherence
- Audit closure within timelines
- Working capital improvement
- Process improvement and automation initiatives

Location: Bhopal

Employment Type: Full time

Experience Required: 7–10 Years

📌 ASSISTANT MANAGER – ACCOUNTS & FINANCE (India)
🏢 ACMO Water Technology India Private
📍 India