Divisional Manager

Role & responsibilities

• Lead the preparation of Annual Business Plans, Operating Budgets, Rolling Forecasts, and Long-Term Financial Plans.
• Drive financial planning aligned with strategic business objectives and growth initiatives.
• Monitor budget utilization, variance analysis, and corrective action plans.
• Support management in investment decisions through financial modeling and scenario analysis.
• Conduct project feasibility studies, capital expenditure evaluations, and post-investment reviews.
• Evaluate project viability through project appraisal, financial due diligence, IRR, NPV, payback, and sensitivity analysis.
• Establish project budgets, cost baselines, and profitability benchmarks.
• Conduct periodic Cost-to-Complete (CTC) reviews and forecast project profitability.
• Monitor project cost overruns, change orders, and commercial risks.
• Ensure timely identification and mitigation of project financial risks impacting margins and cash flows.
• Review project revenue recognition, percentage-of-completion accounting, and project closure accounting.
• Ensure maintenance of accurate books of accounts in compliance with Ind AS, Companies Act, and applicable accounting standards.
• Lead monthly, quarterly, and annual financial closing processes within stipulated timelines.
• Prepare financial statements, management reports, and board presentations.
• Drive automation and process improvements in financial reporting.
• Establish and strengthen internal financial controls and governance frameworks.
• Ensure compliance with corporate policies, statutory regulations, and delegated authority matrices.
• Monitor financial, commercial, and operational risks with implementation of mitigation plans.
• Review contracts and commercial agreements to safeguard company interests.
• Drive process standardization and continuous improvement initiatives.
• Ensure timely compliance with GST, Income Tax, TDS, PF, ESI, and other applicable laws.
• Manage tax planning, assessments, audits, appeals, and reconciliations.
• Monitor tax exposures and ensure compliance with changing regulatory requirements.
• Liaise with statutory authorities, consultants, and auditors on taxation matters.
• Ensure closure of audit observations within agreed timelines.
• Monitor implementation of corrective and preventive actions.
• Strengthen governance and compliance through audit learnings.
• Optimize working capital through effective management of receivables, payables, inventory, and retention balances.
• Monitor Cash-to-Cash (C2C) Cycle and implement initiatives to improve liquidity and free cash flow.
• Review project cash flow forecasts and funding requirements.
• Ensure timely billing, certification, and collection from customers.
• Monitor customer outstanding, ageing analysis, and collection efficiency.
• Review contractual claims, variations, escalation recoveries, and retention receivables.
• Drive reduction in overdue debtors and improvement in DSO (Days Sales Outstanding).
• Develop and present MIS dashboards covering profitability, working capital, project performance, and key financial metrics.
• Analyze project-wise, customer-wise, and business-unit-wise profitability.
• Identify opportunities for cost optimization, value enhancement, and margin improvement.
• Support management decision-making through actionable business insights
• Develop and present MIS dashboards covering profitability, working capital, project performance, and key financial metrics.
• Analyze project-wise, customer-wise, and business-unit-wise profitability.
• Identify opportunities for cost optimization, value enhancement, and margin improvement.
• Support management decision-making through actionable business insights
• Lead, mentor, and develop the Finance & Accounts team.
• Build a high-performance culture through capability development and succession planning.
• Partner with business, operations, procurement, project teams, and senior leadership to achieve organizational goals.
• Drive ERP optimization, digitization, and process automation initiatives (SAP/S4 HANA).