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

📌 Accounts Assistant/Finance Manager (Bhopal)
🏢 ACMO Water Technology India
📍 Bhopal