Financial Accountant

Secured Engineers Private Limited

Ludhiana, India

5-8 Years

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Posted 21 hours ago
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Job Description

Job Title: Senior Accountant

Department: Finance & Accounts

Reports To: Chairman & Managing Director (CMD)

Role Type: Individual Contributor with High Ownership

Industry: MEPF / EPC / Contracting

Role Purpose

The Senior Accountant is the financial right hand to the CMD, responsible for ensuring cash discipline, billing rigor, and project-wise financial visibility.

In the absence of a CFO, this role must convert execution into cash, surface financial risks early, and provide clear, decision-ready financial inputs to the CMD.

This is not a clerical accounting role; it is a control and support role critical to scale from 13 cr to 100 cr.

Core Accountabilities1. Cash Flow & Working Capital Control (Primary)

Track daily and weekly cash-in vs cash-out and highlight gaps to CMD.
Prepare weekly cash position and 30/60/90-day cash forecasts.
Monitor receivables, advances, retention money, and payables.
Ensure cash availability aligns with site execution priorities.
Alert CMD proactively on cash stress, funding gaps, or upcoming obligations.

2. Project-wise Profitability & Cost Visibility

Maintain project-wise accounting (revenue, cost, margin).
Track actual costs vs BOQ / estimates and flag overruns early.
Coordinate with Project Managers for timely capture of costs and variations.
Prepare monthly project profitability statements for CMD review.
Identify margin leakage and delayed recovery areas.

3. Billing, Credit Control & Collections Discipline

Ensure timely preparation and submission of RA bills, variation bills, and final bills.
Track client certifications and approval cycles.
Maintain receivables ageing and WIP ageing.
Drive follow-ups for collections in coordination with CMD and project teams.
Enforce billing rigor to achieve billing lag 30 days.

4. WIP & Revenue Recognition

Maintain accurate Work-in-Progress (WIP) records project-wise.
Ensure proper revenue recognition as per contract terms.
Reconcile site progress, billing, and accounting WIP.
Highlight stagnant or aging WIP requiring CMD intervention.

5. Banking, Funding & CMD Support

Coordinate directly with banks for routine operations, LC/BG documentation, and limits tracking.
Monitor fund utilization, repayments, and interest costs.
Prepare financial data and summaries required for CMD-level discussions with banks and clients.
Act as CMD's point of reference for financial implications of business decisions.

6. Compliance & Statutory Oversight

Ensure timely compliance with GST, TDS, PF, ESI, and other statutory requirements (with consultants where applicable).
Prepare data and schedules for audits (statutory, GST, internal).
Maintain clean, auditable books at all times.

7. MIS, Reporting & Decision Support to CMD

Prepare clear, concise monthly MIS for CMD, including:
Cash flow summary
Project-wise P&L
Receivables & WIP ageing
Billing vs collection status
Translate numbers into actionable insights, not just reports.
Support CMD with ad-hoc financial analysis for bids, negotiations, or expansion decisions.

Key Performance Indicators (KPIs)

Cash-in vs Cash-out variance
Billing lag (Target: < 30 days)
Receivables ageing reduction
WIP ageing and conversion to billing
Accuracy and timeliness of financial reporting
CMD confidence in financial visibility

Authority & Decision Rights

Can flag and escalate delayed billing, collections, or cost overruns directly to CMD.
Can hold back payments where billing or approvals are non-compliant (with CMD awareness).
Can recommend corrective actions to protect cash flow and margins.

Qualifications & Experience