LNT/-F/1887445

- RCF-Residential, Commercial Buildings & Factories
- Chennai Head Qrs.
- Posted On 08 Oct 2026
- End Date 06 Apr 2027
- Required Experience5 - 20 years

Skills

Knowledge & Posting Location

Finance & Accounting

Minimum Qualification

Bachelor of Commerce (BCom)

– Accounts Supervisor / Executive / Manager Position Title: Accounts Supervisor / Accounts Executive / Accounts Manager

Department / Function: Finance & Accounts (F&A;)

Cadre: Applicable across all cadres

Reports To: Accounts Manager / Project Finance Head / Cluster Finance Head / Functional Head – Finance & Accounts, as applicable

- Job Purpose To manage and coordinate finance and accounting activities at project, cluster or business level, ensuring accurate accounting, timely financial reporting, effective fund management, statutory compliance and adherence to organisational policies and internal control requirements.

The role is responsible for accounts payable, banking operations, funds forecasting, financial closing, taxation, audit coordination, budgeting, MIS, procurement and subcontract-related financial analysis, and implementation of Internal Control over Financial Reporting (ICFR), supporting sound financial management and informed business decisions.
- Key Accountabilities

A. Accounts Payable and Vendor Accounting
- Manage and monitor accounts payable activities relating to domestic and international vendors, suppliers, contractors and service providers.
- Verify invoices, supporting documents, purchase orders, work orders, service entries and other relevant approvals before processing payments.
- Ensure accuracy of vendor bills, accounting entries, payment terms, statutory deductions and applicable taxes.
- Coordinate with procurement, commercial, stores and project teams for invoice verification, certification and resolution of discrepancies.
- Monitor vendor outstanding balances, ageing, advances and payment schedules.
- Ensure timely processing of approved vendor and subcontractor payments in accordance with contractual terms and organisational procedures.
- Maintain vendor account reconciliations and resolve outstanding items.
- Ensure proper accounting and settlement of vendor advances, debit notes, credit notes and other adjustments.

B. Banking Operations, Bank Guarantees and Letters of Credit
- Coordinate banking activities relating to project and business operations.
- Manage processing, issuance, renewal, amendment, extension and closure of Bank Guarantees (BGs), as applicable.
- Coordinate Letter of Credit (LC) applications, documentation, amendments and settlement with banks and internal stakeholders.
- Monitor BG and LC validity, expiry dates, margin money, collateral requirements and related bank charges.
- Maintain records and MIS of bank guarantees, letters of credit and other banking instruments.
- Coordinate with banks, corporate finance and project teams for timely completion of banking requirements.
- Ensure compliance with approved banking limits, authorisation matrices and internal procedures.

C. Fund Management and Cash Flow Forecasting
- Monitor project and business fund requirements and coordinate timely availability of funds.
- Prepare periodic cash flow forecasts based on vendor payments, subcontractor commitments, payroll, statutory dues and other project expenditure.
- Monitor actual cash outflows against approved forecasts and identify funding gaps or surplus funds.
- Coordinate with project, cluster and corporate finance teams for fund allocation and utilisation.
- Review bank balances, payment commitments and outstanding liabilities.
- Ensure effective utilisation of available funds and timely reporting of fund requirements.
- Identify and report deviations in cash flow forecasts and recommend corrective measures.

D. General Accounting and Financial Closing
- Ensure accurate and timely recording of financial transactions in the accounting system.
- Monitor general ledger, journal entries, provisions, accruals, prepayments and other accounting adjustments.
- Coordinate monthly, quarterly and annual financial closing activities.
- Ensure reconciliation of bank accounts, vendor accounts, customer accounts, advances, inter-unit balances and general ledger accounts.
- Review outstanding balances, suspense accounts, open items and unreconciled transactions and ensure timely closure.
- Ensure compliance with applicable accounting standards, organisational accounting policies and financial reporting requirements.
- Support preparation of financial statements, schedules and other reporting requirements.
- Ensure accuracy, completeness and proper documentation of accounting records.

E. Taxation and Statutory Compliance
- Monitor compliance with applicable direct and indirect tax requirements relating to project and business operations.
- Ensure accurate computation, deduction, accounting and timely deposit of Tax Deducted at Source (TDS) and other applicable withholding taxes.
- Coordinate preparation and filing of TDS returns, reconciliations and issuance of relevant certificates.
- Monitor compliance with Goods and Services Tax (GST), including input tax credit, tax invoices, returns and reconciliations.




- Ensure timely compliance with applicable statutory payment and filing requirements.
- Coordinate with tax teams and consultants on tax assessments, notices, reconciliations and other statutory matters.
- Review tax-related deviations and ensure timely resolution of non-compliances.
- Maintain proper records and supporting documentation for tax audits and statutory verification.

F. Internal Controls and ICFR
- Ensure implementation and adherence to prescribed internal financial controls and accounting procedures.
- Coordinate implementation, monitoring and review of Internal Control over Financial Reporting (ICFR).
- Ensure compliance with delegation of authority, approval workflows, segregation of duties and financial control requirements.
- Review accounting transactions, supporting documents and financial processes to identify control gaps.
- Conduct sample checks and transaction reviews to identify deviations, errors and irregularities.
- Ensure timely implementation of corrective and preventive actions arising from control reviews.
- Support periodic internal control assessments and process improvement initiatives.
- Maintain proper documentation and evidence of control execution.

G. Audit Coordination and Compliance
- Coordinate with internal auditors, statutory auditors, tax auditors and other external agencies.
- Provide accounting records, schedules, reconciliations, supporting documents and clarifications required during audits.
- Review audit observations, identify root causes and coordinate closure of audit points.
- Conduct sample audits and transaction-level reviews to identify deviations from established procedures.
- Monitor compliance with audit recommendations and internal control requirements.
- Ensure timely completion of audit schedules and submission of information.
- Support management in addressing financial, accounting and compliance-related audit observations.

H. Procurement and Subcontract Financial Analysis
- Analyse financial data relating to procurement, purchase orders, work orders and subcontract activities.
- Review procurement commitments, subcontractor bills, advances, retention money and outstanding payments.
- Monitor actual expenditure against approved purchase orders, work orders and project budgets.
- Analyse material procurement costs, subcontract expenditure and other major cost components.
- Coordinate with procurement, commercial and project teams to ensure proper financial recording and reconciliation.
- Develop and maintain MIS on procurement, subcontracting, vendor payments and related financial performance.
- Highlight cost deviations, unusual transactions and financial exposure for management review.

I. Monthly MIS, Budgeting and Financial Reporting
- Prepare and review monthly financial MIS, accounting reports and other management information.
- Coordinate preparation of annual budgets, periodic forecasts and project financial plans.
- Monitor actual financial performance against approved budgets and identify variances.
- Analyse expenditure trends, vendor outstanding balances, subcontract commitments and project financial performance.
- Prepare reports on accounts payable, cash flow, fund utilisation, taxation, banking instruments and audit observations.
- Provide accurate and timely financial information to project, cluster and business management.
- Support management in financial analysis, decision-making and cost optimisation initiatives.

J. Reconciliation and Financial Review
- Ensure periodic reconciliation of bank accounts, vendor ledgers, customer balances, advances and inter-unit transactions.
- Review ageing of payables, advances, deposits, retention amounts and other financial balances.
- Identify long-pending, disputed and unusual balances and coordinate their resolution.
- Review financial reports and accounting data to identify inconsistencies, errors and potential control weaknesses.
- Ensure appropriate accounting adjustments and closure of outstanding items.
- Maintain supporting records and documentation for all reconciliations.

K. Business and Project Coordination
- Coordinate with project execution, procurement, commercial, contracts, HR, administration, stores and other functions on finance-related matters.
- Provide financial and accounting support to project management and business teams.
- Ensure timely availability of financial information for operational and management reviews.
- Coordinate with corporate finance, shared services, tax and treasury teams for accounting and compliance matters.
- Support resolution of payment, accounting, taxation and banking-related issues.
- Ensure finance processes are aligned with project requirements and organisational policies.

L. Team Management and Process Improvement
- Allocate responsibilities among accounts personnel and monitor timely completion of assigned activities.
- Guide and support team members in accounting, taxation,



banking and financial reporting activities.
- Ensure adherence to process timelines, accounting accuracy and documentation standards.
- Identify training requirements and support capability development within the accounts team.
- Promote standardisation, process discipline and effective coordination.
- Identify opportunities for automation, process improvement and strengthening of internal controls.
- Encourage accountability, teamwork and continuous improvement in finance operations.

3. Key Performance Indicators (KPIs)
- Accuracy and timeliness of accounting entries and financial records.
- Timely processing of vendor and subcontractor payments.
- Timely completion of monthly, quarterly and annual financial closing.
- Accuracy of bank, vendor, customer and general ledger reconciliations.
- Timely preparation of fund forecasts and adherence to cash flow plans.
- Timely issuance, renewal and closure of BGs and LCs.
- Compliance with GST, TDS and other applicable statutory requirements.
- Accuracy and timeliness of statutory returns and tax payments.
- Compliance with ICFR and internal financial control requirements.
- Timely closure of internal and statutory audit observations.
- Accuracy and timeliness of monthly MIS and financial reporting.
- Budget versus actual expenditure monitoring and variance analysis.
- Timely reconciliation of procurement and subcontract-related transactions.
- Reduction in outstanding, unreconciled and long-pending accounting items.
- Process efficiency, accounting accuracy and team productivity.

4. Qualifications
- Full-time Graduate in Commerce / Accounting / Finance or relevant discipline.
- Professional qualifications such as CA, CMA / ICWA or other recognised finance and accounting qualifications will be an advantage, depending on the scope of the position.
- Knowledge of accounting standards, taxation, financial reporting and internal control practices.

5. Experience
- Relevant experience in Finance & Accounts, preferably in construction, infrastructure, building, industrial or EPC project environments.
- Exposure to accounts payable, general accounting, banking, fund management, financial closing, taxation, statutory compliance and audit coordination.
- Experience in handling vendor and subcontractor accounts, project financial transactions, budgeting, MIS and internal controls.
- Exposure to ERP-based accounting systems and coordination with project and corporate finance functions.
- Scope of responsibility, financial authority, team size and functional ownership will be commensurate with the cadre and position.

6. Functional / Technical Competencies
- General accounting and financial reporting.
- Accounts payable and vendor ledger management.
- Bank reconciliation and banking operations.
- Bank Guarantees and Letter of Credit processing.
- Fund management and cash flow forecasting.
- General ledger, journal entries and financial closing.
- GST, TDS and applicable direct and indirect tax compliance.
- Statutory audit, internal audit and tax audit coordination.
- Internal financial controls and ICFR.
- Procurement and subcontract financial analysis.
- Budgeting, cost monitoring and variance analysis.
- MIS preparation and financial data analysis.
- Reconciliation of vendor, bank, customer and inter-unit accounts.
- Knowledge of applicable accounting standards and statutory regulations.
- Working knowledge of MS Excel, MS Office and ERP / accounting systems such as SAP or equivalent.

7. Behavioural Competencies
- Teamwork and collaboration.
- Effective communication and interpersonal skills.
- Leadership and team management.
- Analytical thinking and attention to detail.
- Problem-solving and decision-making.
- Planning, organising and time management.
- Positive thinking and result orientation.
- Ownership and accountability.
- Integrity and professional ethics.
- Stakeholder coordination and influencing ability.
- Empathy and people management.
- Adaptability and flexibility.
- Process discipline and commitment to compliance.
- Confidentiality and sound qualified judgement.

8. Role Applicability This JD is applicable across Accounts Executive, Accounts Supervisor, Senior Accounts Executive, Accounts Manager and other related Finance & Accounts positions, irrespective of cadre.

The specific scope of responsibility, financial authority, complexity of transactions, team size and level of review will vary based on the position, project scale and organisational requirements.

- Accounts Executive: Primarily responsible for transaction processing, accounts payable, ledger maintenance, reconciliations, banking documentation, taxation support and routine financial reporting.
- Accounts Supervisor: Responsible for supervising day-to-day accounting activities, reviewing transactions and reconciliations, monitoring compliance, coordinating closing activities and guiding the accounts team.
- Accounts Manager: Responsible for overall accounts operations, financial closing, fund management, statutory compliance, audit coordination, internal controls, budgeting, MIS and financial reporting, with appropriate management oversight.

The above role distinctions are indicative; actual responsibilities will be aligned with the assigned position and delegated authority.

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