Assistant Vice President/Vice President - Finance & Accounts - Infrastructure/Construction

AVP / VP - Finance & Accounts

Position Scope :

- Be part of Commercial Function of TLI division

- Assist and support functional / BU head in commercial decision making;

- Control and supervise activities for Commercial and Accounting function of the division;

- Coordinate, supervise and guide the team of commercial staff at Mumbai / Site;

- Implement and improve strong internal control systems for various processes;

- Ensure accurate and timely management reporting;

- Ensuring compliance with accounting & commercial guidelines, Delegation of Authority and Company's policies & procedures;

- Ensure legal / taxation related items are complied with.

Area of responsibilities :

- Prepare and analyse periodic revenue and margin estimates (minimum quarterly), detailed analysis of cost to complete (CTC), variance analysis thereof;

- Prepare and analyse monthly revenue and margin MIS, detailed analysis of variances;

- Analyzing the cost comparison between tender level and zero based budget costing and reasons for variances;

- Cost control as per budget, detailed comparison of budgeted v/s Actual -activity wise on monthly basis;

- Suggest and implement measures for cost reduction;

- Control site and HO overheads, review overhead reports on monthly basis, compare with AOP / estimates, carryout variance analysis thereof;

- Ensure review of revenue and cost GLs on monthly basis, accounting of transactions are complete and accurate for preparation of Revenue and Margin MIS;

- Ensure maximum utilization of SAP, immediate accounting of transactions in SAP without any delay, upload of documents in SAP using DMS functionality;

- Review and analyse debtors and unbilled receivable, review aging report, reasons for overdue receivable / unbilled revenue for more than 30 days;

- Timely estimation of fund requirement & maintaining cash flows for projects to ensure smooth functioning of the project. Ensure maintenance of bank accounts, accounting of bank receipts/ payments in time, preparation of bank reconciliation;

- Ensure list of guarantees provided to customer is maintained, coordinate with customer / site team for timely reduction of values of advance BG and timely extension of validity of guarantees;

- Ensure invoices are raised on client immediately upon completion of relevant milestone, follow up with concerned personnel for receipt of documents / approvals to ensure timely billing;

- Coordinate with site / client for approval / payment of invoices, resolve issues in approval of LC documents;

- Ensure Direct and Indirect Tax compliances, timely filing of returns, payment of duties and taxes at site. Coordinate with site commercial team / consultant on the taxation matters / tax notices;

- Ensure transactions at sites (Procurement / Material / Accounting) are carried in time without delay;

- Ensure balances with sub-contractors / suppliers are reviewed and monitored;

- Ensure logistic related activities are carried out efficiently at site. Ensure there are no cases of demurrage / detentions.

- Coordinate with site commercial team / HO legal team regarding legal cases filed against or by the Company;

- Review and control employee / imprest balances on monthly basis;

- Review GL / customer / vendor accounts every month and have rectification entries passed, if any;

- Carryout site visits on regular basis, review the progress and performance and highlight areas of concerns, if any;

- Attend to internal / statutory audits, ensure auditors requirement are attended and responded immediately;

- Any other work as allocated by reporting Manager from time to time.