Senior Accountant

Education & Experience:

Academic Qualification: M.Com / ICWA (Institute of Cost and Works Accountants) qualification is required.
Minimum 5 years of relevant experience in project accounting and cost accounting.
Experience with ERP systems and accounting software is preferred.
DUTIES & RESPONSIBILITIES:

1. Job Costing & Cost Control:

Establish and enhance job costing procedures for engineering and catering functions.
Monitor and analyze costs, identifying opportunities for expense reduction.
Implement and oversee project cost control measures to align with budget goals.
Research opportunities for expense reduction.
Monitor and analyze material cost variances and recommend adjustments.
Assist the Financial Controller in implementing job and cost control systems.
Prepare job costing reports, cost analysis, and management information system (MIS) reports.
2. Budgetary Control:

Develop and support the organization's budgetary control system.
Evaluate budget proposals and funding requests.
Collaborate with project managers to create budgets.
Conduct cost-benefit analyses to determine value and feasibility.
Approve or reject funding requests, defending budget recommendations.
Monitor spending to maintain budget adherence.
Estimate and forecast future financial requirements.
3. Project Accounting:

Create project accounts in the accounting system.
Investigate project variances and report to management.
Provide project profitability reports to management.
Report remaining funding availability for projects to management.
Create or approve project-related customer billings.
Investigate unbilled project expenses.
Close project accounts upon project completion.
Prepare and submit MIS reports and tax returns related to projects.
Compile information for internal and external auditors, as required.
4. Internal Audit:

Manage resources and oversee audit assignments.
Identify and mitigate business and financial risks through effective controls.
Maintain internal audit policies and procedures aligned with best practices.
Supervise risk-based audits covering operational and financial processes.
Ensure timely and accurate audit reporting to management and external auditors.
REQUIRED SKILLS:

Strong knowledge of financial principles, cost management, and accounting standards.
Proficient in financial modeling, budgeting, and forecasting.
Excellent analytical skills with the ability to interpret and communicate financial data effectively.
Advanced proficiency in Microsoft Excel and other financial software applications.
Experience with ERP systems and accounting software is preferred.