Site Finance Controller - Construction Firm

Key Responsibilities/ Key Accountabilities:

Site Accounts:

1. Monthly/Quarterly accounts closing and resolve statutory/Internal audit query

2. Prepare Monthly and Up to date P&L and sent to HO

3. Ensure revenue accounting and subcontractor accounting as per SOP

Accounts Payable:

1. Review of subcontractor/client account and ensure to match with RA Statement

2. Review of all subcontractor advance and ensure recovery as per contract terms

3. Review of employee and vendor advance on regular basis and clear the same

Accounts Receivable:

1. Ensure Billing to client based on DPR

2. Ensure debit to Subcontractor based on additional support given and as per contract terms

3. Tracking of BG given to client and ensure to release from time to time and also track BG received from subcontractor and ensure to get extension as and when required

4. Ensure to file Insurance claim for any damage at project site

5. Follow up with client and ensure to get certify bill and realisation of collection

Governance & Control:

1. Ensure statutory compliances of subcontractor like PF, Royalty, GST, TDS, Labour etc..

2. Ensure to update all registration from time to time for change of address.

3. Arrange appropriate approval in case of deviation from GAM

4. Ensure consumption booking of material and compare theoretical vs actual consumption of subcontractor and ensure recovery where ever excess consumption

5. Ensure to raise PR from site under correct GL code

6. Ensure Monthly physical verification of inventory

7. Ensure vendor, customer, GR IR Clearing and send report with justification for non-clearing

8. Ensure that any scrap sale should have necessary approval and No cash traction

MIS & Analysis:

1. Check gap between billed by subcontractor and revenue billed to client

2. Overhead analysis and report deviation from budget if any

3. Cash flow requirement sent to HO base on Progress on monthly basis and track the same on daily basis

4. Highlighting Project risk to Vertical controller on monthly basis

5. Budget Vs Actual Revenue and cost analysis and sent to HO on monthly basis