Financial Controller

ABOUT FLIPSPACES:-

Flipspaces is a fast-scaling commercial interior Design & Build (D&B) company delivering end-to-end workplace solutions for enterprise clients. We operate across Mumbai, Pune, Bangalore, Delhi NCR, and Hyderabad, with active expansion into UAE and APAC. We manage the complete project lifecycle from workplace strategy, interior design, and BOQ/costing through to procurement, vendor management, site execution, and final handover all under one roof.

ROLE OVERVIEW:-

As Finance Controller, you will own the end-to-end finance function for a multi-city, project-based D&B business. You will work closely with the founders, ops leadership, and city heads to ensure financial clarity, healthy cash flows, and sound business-aligned decision-making. This is a hands-on leadership role you will build and lead a finance team, drive process discipline without creating bureaucracy, and act as a genuine business partner across a rapidly growing portfolio.

KEY RESPONSIBILITIES:-

Project Finance & Accounting:

1. Own project-level P&L tracking across all active projects and cities.

2. Maintain WIP (Work-in-Progress) accounting aligned with Ind AS 115 percentage-completion method.

3. Set up milestone-based billing systems and follow-up protocols in coordination with PM teams.

4. Monitor project margins, flag cost overruns in real time, and provide financial inputs to ops leadership.

5. Ensure BOQ-to-invoice reconciliation on both vendor and client sides.

MIS & Financial Reporting:

1. Build and own monthly MIS covering revenue, cost, margin, billing, and collections.

2. Present financial performance to founders and leadership on a monthly basis.

3. Prepare annual budgets, quarterly reforecasts, and variance analyses by city and project portfolio.

4. Support board and investor reporting as the business scales.

Compliance & Controls:

1. Manage GST compliance for works contracts including RCM provisions, ITC reconciliation, and multi-state returns.

2. Handle TDS, statutory filings, labour compliance (PF, ESIC), and ROC requirements.

3. Own statutory, internal, and tax audit cycles; coordinate with external auditors.

4. Build and enforce financial controls, SOPs, and approval workflows.

Working Capital & Treasury:

1. Manage cash flow planning and working capital cycles across a project-heavy business.

2. Oversee vendor payment cycles prioritisation, timelines, and dispute resolution.

3. Manage banking relationships CC lines, bank guarantee facilities, and FD structures.

4. Drive collections, reduce DSO, and ensure healthy receivables management

MUST-HAVE REQUIREMENTS:-

1. Experience: 10+ years of post-qualification experience, with significant time in a project-based D&B, interior, real estate, or construction business.

2. Qualification: Chartered Accountant (ICAI) mandatory. CA Inter or MBA Finance profiles will not be considered for this role.

3. Team Leadership: Directly managed a finance team of at least 45 people with full accountability for their output and development.

4. Project Accounting: Proven hands-on experience with WIP accounting, percentage-completion revenue recognition, and project P&L management.

5. Compliance: Deep working knowledge of GST for works contracts RCM, ITC, multi-state compliance along with TDS and statutory filings.

6. MIS Ownership: Must have independently built and owned MIS frameworks for management reporting not just contributed to them.

7. Working Capital: Experience managing banking lines (CC, BG, LC facilities) and working capital in a project-based business.

GOOD TO HAVE:-

1. ERP implementation experience Zoho Books, SAP FI/CO, Tally Prime.

2. Power BI or equivalent MIS dashboard experience.

3. Exposure to fundraising, financial modelling, and investor due diligence support.

4. Experience setting up finance for new cities or geographies, including UAE / international compliance.

5. Background in a high-growth startup or scale-up environment.

WHAT WE'RE LOOKING FOR:-

Beyond the technical requirements, we are looking for someone who:

1. Is collaborative by nature works with ops, design, and project teams as an enabler, not a gatekeeper.

2. Has a flexible working style no 'my way or the highway'. Adapts to what the business needs and builds consensus.

3. Takes full ownership of the finance function and operates with urgency consistent with a fast-scaling company.

4. Is commercially aware understands how a project business makes money, not just how it is accounted for.

5. Is comfortable building structure in ambiguous, fast-moving environments without needing everything defined upfront.