Financial General Manager – Civil Construction Projects

Industry: Civil Construction / High-Rise Residential & Commercial Building Construction

Location: Mumbai

Experience: 15–20 Years

Qualification: Chartered Accountant (CA) or MBA in Finance & Accounting

Preferred Experience: Experience in large-scale civil construction projects, high-rise building construction, and Project Management Consultancy (PMC) organizations.

- Job Summary

We are looking for an experienced and strategic Financial General Manager to lead financial planning, budgeting, accounting, taxation, treasury, financial reporting, and commercial financial controls for civil construction projects.

The ideal candidate will have strong expertise in project finance, cost control, cash flow management, statutory compliance, and financial risk management, with the ability to work closely with project management, contracts, procurement, and senior leadership teams to ensure financial discipline and project profitability.

- Key Responsibilities

A. Financial Planning & Budgeting
- Lead annual budgets, project budgets, financial forecasts, and long-term financial planning.
- Monitor actual expenditure against approved budgets and identify cost variances.
- Develop financial models and forecasts to support management decisions.
- Review project cost reports, commitments, cash flow projections, and financial performance.

B. Project Finance & Cost Control
- Oversee financial management of large-scale civil construction and high-rise building projects.
- Monitor project expenditure, contractor payments, subcontractor bills, vendor payments, and project-related expenses.
- Coordinate with project teams to ensure effective cost control and adherence to approved budgets.
- Review project financial risks, cost overruns, contingencies, and potential financial exposures.
- Establish financial control systems to improve transparency, accountability, and project profitability.

C. Accounting & Financial Reporting
- Supervise general accounting, accounts payable and receivable, general ledger, reconciliations, and month-end/year-end closing.
- Ensure timely preparation of financial statements, management reports, and project-wise profitability reports.
- Establish appropriate accounting procedures and internal financial controls.
- Review financial performance and provide meaningful insights to senior management.

D. Cash Flow & Treasury Management




- Manage cash flow forecasting, working capital, liquidity, and fund requirements.
- Monitor client collections, receivables, outstanding payments, and payment schedules.
- Coordinate with banks and financial institutions for banking facilities, guarantees, and other financial requirements.
- Ensure efficient utilization of available funds and timely settlement of financial obligations.

E. Taxation & Statutory Compliance
- Ensure compliance with applicable direct and indirect tax regulations, including GST, TDS, income tax, and other relevant statutory requirements.
- Oversee statutory filings, tax audits, internal audits, and external audits.
- Ensure compliance with applicable accounting standards, company policies, and regulatory requirements.
- Coordinate with statutory auditors, tax consultants, and regulatory authorities.

F. Commercial & Contractual Financial Management
- Review the financial implications of contracts, purchase orders, subcontract agreements, and variations.
- Coordinate with contracts and procurement teams on payment terms, claims, billing, and financial commitments.
- Monitor client invoicing, certification, collections, retention money, and claims recovery.
- Evaluate contractual risks, liquidated damages, escalation clauses, and other financial exposures.

G. Internal Controls & Risk Management
- Develop and implement financial policies, procedures, and internal control mechanisms.
- Identify financial risks, control weaknesses, and opportunities for process improvement.
- Prevent financial irregularities, unauthorized expenditure, and budgetary deviations.
- Ensure proper financial documentation, audit trails, and approval mechanisms.

H. Leadership & Stakeholder Management
- Lead and mentor finance, accounts, taxation, and project finance teams.
- Coordinate with project directors, project managers, commercial teams, procurement, HR, and corporate finance.
- Present financial performance, forecasts, risks, and recommendations to senior management.
- Drive process improvements, financial discipline,



and effective financial governance across projects.
- Educational Qualifications
- Mandatory: Chartered Accountant (CA) or MBA in Finance & Accounting from a recognized institution.
- A bachelor’s degree in Commerce, Accounting, or Finance is preferred for candidates with an MBA.
- Additional qualifications in project finance, taxation, or financial management will be an advantage.
- Experience & Skills Required
- 15–20 years of overall experience in finance and accounting, preferably in the civil construction or infrastructure industry.
- Demonstrated experience in financial management of large-scale construction projects.
- Prior experience in a PMC, EPC, real estate development, or large construction organization is highly desirable.
- Strong knowledge of project budgeting, cost control, cash flow forecasting, working capital management, and financial reporting.
- Thorough understanding of Indian taxation, GST, TDS, statutory compliance, and audit requirements.
- Experience in contract financial reviews, subcontractor payments, client billing, and project profitability analysis.
- Robust leadership, analytical, communication, negotiation, and decision-making skills.
- Proficiency in ERP and accounting systems such as SAP, Oracle, or equivalent financial management software.
- Advanced MS Excel skills and experience preparing management dashboards and financial reports.
- Key Performance Indicators (KPIs)
- Accuracy and timeliness of financial reporting.
- Adherence to approved budgets and reduction of cost overruns.
- Effectiveness of cash flow and working capital management.
- Timely client billing, collection, and vendor payment processing.
- Compliance with statutory filing and audit requirements.
- Reduction in financial risks, audit observations, and control deficiencies.
- Improvement in project financial performance and profitability.
- Effective leadership and productivity of the finance and accounts team.
- Ideal Candidate Profile The ideal candidate will be a commercially astute finance leader with extensive construction industry exposure, strong financial governance capabilities, and the ability to manage complex project finances. The candidate must be comfortable working with senior management and multidisciplinary project teams while ensuring financial transparency, regulatory compliance, and sustainable project performance.

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