04 Nov
|
HR Yaar
|
Gandhinagar
04 Nov
HR Yaar
Gandhinagar
Chief Financial Officer (CFO) / Head – Finance, Accounts & Compliance
Industry: Infrastructure Development
Location: Gandhinagar, Gujarat
Reporting To: Managing Director / CEO
Experience: 12–18 years
Role Overview
We are seeking an experienced and compliance-oriented finance professional to lead an organisation's overall finance, accounts, taxation and statutory compliance functions. The individual will ensure timely regulatory filings, maintain accurate financial records, strengthen internal financial controls and manage project-related financial obligations.
The role requires strong knowledge of Indian taxation and statutory regulations, along with practical experience in infrastructure or EPC project finance, working capital management, banking operations and coordination with auditors, consultants and government authorities.
Key Responsibilities
1. Finance, Accounting & Financial Reporting
- Oversee end-to-end accounting operations, including general ledger, accounts payable, accounts receivable and bank reconciliations.
- Ensure timely closure of monthly, quarterly and annual accounts and prepare financial statements.
- Prepare MIS, financial reports and budget-versus-actual analyses.
- Monitor project-wise revenue, expenditure, profitability, outstanding receivables and financial performance.
- Establish appropriate financial controls, documentation standards and accounting procedures.
2. Statutory & Regulatory Compliance
- Ensure timely compliance with applicable provisions of the Companies Act, MCA/ROC requirements and other corporate regulations.
- Oversee GST returns, TDS/TCS, income tax returns, advance tax, tax audits and other applicable tax obligations.
- Ensure timely deposit of statutory dues and maintain accurate records of statutory payments and filings.
- Oversee applicable payroll, employment-related statutory obligations and labour-related compliance.
- Maintain a comprehensive compliance calendar, track filing deadlines and ensure proper documentation and record retention.
- Coordinate responses to notices, assessments, inspections and queries raised by tax authorities and other regulators.
3. Infrastructure & Project Finance
- Monitor project-wise budgets, costs, cash flows and profitability across ongoing infrastructure projects.
- Oversee project billing, running account (RA) bills, client certifications, retention money, mobilisation advances and receivables.
- Ensure financial documentation and contractual payment requirements are met for government and private-sector projects.
- Monitor vendor payments, subcontractor bills, purchase-related documentation and project expenditure against approved budgets.
- Support tender submissions through financial documentation, eligibility requirements, bid securities and other applicable financial compliance requirements.
- Identify cost overruns, billing delays, margin leakages and working capital risks, recommending corrective measures.
4. Treasury, Banking & Working Capital
- Manage cash flow forecasting, liquidity planning and working capital requirements.
- Liaise with banks and financial institutions for credit facilities, working capital limits, bank guarantees, letters of credit and other banking requirements.
- Monitor borrowing costs, repayment schedules, bank documentation and compliance with financing terms.
- Develop systems for timely collection of receivables and efficient utilisation of funds across projects.
- Maintain adequate liquidity to support project execution and operational commitments.
5. Audit, Risk Management & Internal Controls
- Coordinate statutory audits, tax audits, internal audits and other financial reviews.
- Ensure timely preparation of audit schedules, reconciliations, supporting documents and financial records.
- Implement internal control mechanisms to prevent errors, irregularities, unauthorised expenditure and financial leakage.
- Identify compliance gaps and implement corrective actions within stipulated timelines.
- Maintain proper documentation for contracts, tax filings, statutory payments, banking transactions and financial approvals.
6. Budgeting, Cost Control & Strategic Support
- Lead annual budgeting, financial planning and periodic forecasting.
- Analyse project estimates, cost structures, expenditure trends and profitability.
- Advise the management on financial risks, cash flow priorities, cost optimisation and resource allocation.
- Support business expansion, tender evaluation and project selection through financial analysis.
- Develop standard operating procedures for finance, accounting, taxation and compliance.
7.
Team & Stakeholder Management
- Lead and supervise the finance and accounts team, ensuring explicit responsibilities and accountability.
- Coordinate with project managers, procurement, HR, legal advisers, company secretaries, auditors, tax consultants and banking partners.
- Establish reporting routines and ensure timely submission of financial and compliance information to management.
- Maintain effective working relationships with clients, vendors, financial institutions and relevant government authorities.
Required Qualifications
- Chartered Accountant preferred; CMA/ICWA or an MBA in Finance may be considered for candidates with substantial relevant experience.
- Approximately 12–18 years of experience in finance, accounts, taxation and compliance, preferably in infrastructure, construction, EPC, roads, urban infrastructure or project-based businesses.
- Demonstrated experience in leading finance operations and managing statutory compliance independently.
- Strong knowledge of GST, TDS, income tax, financial reporting, audit processes and applicable corporate regulations.
- Practical experience in project accounting, cash flow management, working capital and banking facilities.
- Experience coordinating with statutory auditors, tax consultants, banks and government authorities.
Preferred Skills & Competencies
- Strong understanding of Indian statutory and tax compliance requirements.
- Hands-on experience with infrastructure project billing, RA bills, bank guarantees and working capital management.
- Strong financial reporting, budgeting, reconciliation and cost-control capabilities.
- Proficiency in accounting software or ERP systems and advanced MS Excel.
- Strong attention to detail, integrity, organisational skills and deadline management.
- Ability to independently manage finance and compliance functions while supporting senior management in business decisions.
Key Performance Indicators (KPIs)
- Timely completion of statutory filings and payment of applicable dues.
- Accuracy and timeliness of financial statements and management reports.
- Timely closure of audit observations and resolution of compliance issues.
- Improved project-wise financial visibility and cost control.
- Effective working capital management and reduction in overdue receivables.
- Timely execution of project billing, reconciliations and financial documentation.
- Strengthening of internal financial controls and compliance processes.
📌 Head Finance, Accounts & Compliance (Gandhinagar)
🏢 HR Yaar
📍 Gandhinagar