1. Job-wise Revenue Recognition, Margin, Billing & Collection

- Monitor and ensure accurate revenue recognition for each project/job in accordance with accounting standards and company policies.
- Analyze project profitability by tracking gross margin and contribution margin at the job level.
- Review customer billing schedules and ensure timely invoicing as per contract milestones.
- Track accounts receivable, follow up with customers for collections, and minimize overdue outstanding balances.
- Provide regular reports on revenue, margin performance, billing status, and collection efficiency to management.

2.

Working Capital

Management

- Monitor and optimize working capital components, including receivables, payables, inventory, and advances.
- Analyze cash conversion cycles and identify opportunities to improve liquidity.
- Coordinate with operations, procurement, and finance teams to ensure efficient utilization of working capital.
- Develop strategies to reduce fund blockage and improve overall cash flow management.

3.

Cash Flow

Projection, Management & Net Cash Flow (NCF)

- Prepare short-term and long-term cash flow forecasts based on business requirements and project schedules.
- Monitor actual cash flows against projections and identify variances.
- Ensure adequate liquidity for operational and project needs while minimizing financing costs.
- Prepare and analyze Net Cash Flow (NCF) reports for management decision-making.
- Support treasury activities related to cash planning, banking, and fund management.

4.

Project Execution

Control

- Monitor project financial performance throughout the project lifecycle.
- Review project budgets, costs, commitments, and resource utilization to ensure profitability.




- Work closely with project managers to identify risks, cost overruns, and corrective actions.
- Ensure compliance with approved budgets and project financial controls.
- Track project milestones and support management with timely financial insights.

5.

Variance

Analysis

- Perform detailed analysis of actual performance against budgets, forecasts, and prior periods.
- Investigate significant variances in revenue, costs, margins, cash flow, and overheads.
- Identify root causes of deviations and recommend corrective actions.
- Present variance analysis reports to management with actionable insights for performance improvement.

6.

Overhead

Budgeting and Control

- Prepare annual overhead budgets in alignment with business objectives.
- Monitor departmental and corporate overhead expenses against approved budgets.
- Analyze spending patterns and identify cost-saving opportunities.
- Ensure proper allocation and control of indirect costs across projects and business units.
- Support management in maintaining operational efficiency through effective cost control measures.

7.

Capital

Expenditure (Capex) Budget Management

- Prepare and monitor capital expenditure budgets for current investments and ongoing projects.
- Evaluate Capex proposals through financial analysis, ROI, and payback assessments.
- Track actual capital spending against approved budgets.




- Ensure compliance with company approval processes and capitalization policies.
- Provide management with regular updates on capital project status and utilization.

8.

Overhead Recovery

Booking

- Calculate and account for overhead recovery based on established allocation methodologies.
- Ensure accurate booking of overhead costs to projects, departments, or cost centers.
- Reconcile recovered overheads with actual expenses and analyze recovery variances.
- Support month-end and year-end closing activities related to cost allocation and recovery.

9.

Provision

Entries for GIT, Sub-Contractor Costs and Overheads

- Review and record provisions for Goods in Transit (GIT), subcontractor liabilities, and accrued overhead expenses.
- Ensure all costs are recognized in the appropriate accounting period following accrual accounting principles.
- Validate supporting documentation and estimates for provision calculations.
- Coordinate with procurement, project, and finance teams to ensure completeness and accuracy of provisions.
- Monitor provision reversals and adjustments in subsequent accounting periods.

10.

Performance Note

Preparation

- Prepare comprehensive monthly, quarterly, and annual performance notes for management review.
- Summarize key financial and operational performance indicators, including revenue, profitability, cash flow, and project status.
- Highlight significant variances, key achievements, challenges, and risk areas.
- Provide meaningful business insights and recommendations to support strategic decision-making.
- Present management reports and dashboards with clear commentary on business performance and future outlook.

📌 Assistant Manager (Tamil Nadu)
🏢 LT-Larsen u0026 Toubro
📍 Tamil Nadu