FULLTIME
Finance & MIS Manager
Blue Star
Not specified · onsite · Posted 12d ago
Sourced from
Undisclosed4–8 yrsfulltimeNot specified
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Section · 01
About this role
Responsibilities
- Agreement Management Review: Review and ensure completeness of each project agreement from an accounting perspective. Maintain a register of all active agreements with relevant accounting checkpoints. Liaise with legal and project teams to understand key clauses affecting financial reporting (e.g., performance obligations, penalties, warranties, revenue milestones). Interpret commercial clauses to determine accounting treatments in compliance with applicable standards (e.g., Ind AS, IFRS). Document summary memos of key financial implications for each agreement.
- Accounting of Contractual Clauses: Identify and account for performance-based revenue recognition, variable considerations, and milestone payments. Ensure correct classification and recognition of revenue, cost of projects, and deferred revenues. Maintain proper documentation to support judgments made in revenue and cost recognition.
- Contingent Liabilities Documentation: Track and record contingent liabilities arising from contractual commitments, guarantees, litigation, or potential claims. Create and maintain a Contingent Liability Register updated on a monthly basis. Collaborate with legal and project teams to evaluate the likelihood of occurrence and estimate financial impact. Ensure disclosures are aligned with applicable accounting standards and audit requirements.
- Provisions for Liabilities: Monitor contractual obligations and create adequate provisions for expected project liabilities (e.g., penalties, rework, warranty claims). Maintain working papers and evidence for the basis of provisioning. Review provisions on a monthly basis and update based on project developments and risk assessments.
- Receivables Management Automation: Design and implement automated tools or dashboards (e.g., using Excel VBA, Power BI, ERP tools) to track and age project receivables. Monitor overdue accounts and flag critical risks to finance and project management teams. Prepare monthly aging reports with comments, expected recovery dates, and provisioning needs (as per company policy). Coordinate with the billing team and project leads to ensure timely invoicing and dispute resolution.
- Internal Controls Compliance: Implement internal controls for project-related financial transactions. Ensure compliance with corporate accounting policies and applicable statutory regulations. Support internal and external audits by providing reconciliations, supporting documentation, and walkthroughs.
- Reporting Analysis: Prepare monthly reports on project financial performance, aging of receivables, provisions, and contingent liabilities. Participate in project review meetings to provide financial insights and highlight risk areas. Develop financial dashboards for leadership visibility.
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Section · 02
Skills
AutomationInd Asfinancial transactionsinternal controlsexcel vbaclassificationauditsERP ToolsDispute ResolutionERPIFRSFinancial ReportingLegalAccountingAccounting StandardscompliancefinanceCorporate Accounting
Section · Company
About Blue Star
Blue Star
Consumer Electronics & Appliances
3.6k+
employees
1943
83 years old
Mumbai, Maharashtra
India
About
Blue Star Limited is India’s leading air conditioning and commercial refrigeration company with over eight decades of experience in providing expert cooling solutions.
Industries
Consumer Electronics & AppliancesConsumer goodsManufacturingElectronics
Employee ratings
2,641 reviews
4.1/ 5
Culture
3.9
Career growth
3.4
Work-life
3.8
Employees rate it well for
Work Culture249Work Life Balance210Salary200Senior Management165Work Environment154
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