General Manager - Finance

Location

Kharghar, Navi Mumbai, India

Department

Finance \& Accounts

Reporting To

Managing Director / Board of Directors

OVERVIEW

The General Manager – Finance will lead the company's finance function and act as a strategic business partner to the senior leadership team. The role will oversee financial planning and analysis, project profitability, cash flow and working capital management, financial reporting, statutory compliance, treasury, capital expenditure planning and funding strategy.

The position requires a commercially oriented finance professional capable of strengthening financial controls, improving project-level financial visibility and supporting the company's growth and capital investment plans.

KEY RESPONSIBILITIES

A. Financial Planning, Budgeting and Business Performance

• Lead annual budgeting, periodic forecasting and long-term financial planning.
• Develop and monitor key financial indicators, including revenue, EBITDA, project margins, cash conversion, working capital and capital utilisation.
• Prepare monthly MIS, financial dashboards and performance reports for senior management.
• Analyse actual financial performance against budgets, identify variances and recommend corrective actions.
• Evaluate financial performance across service lines, projects and operating units.

B. Project Finance, Costing and Commercial Control

• Establish robust project-level costing, budgeting and profitability monitoring across marine surveys, offshore assignments and onshore projects.
• Monitor project revenues, direct costs, vessel and equipment utilisation, mobilisation expenses, subcontracting costs and overhead allocations.
• Work with operations and business development teams on bid pricing, tender costing, contract evaluation and commercial risk assessment.
• Monitor project billing, milestone-based revenue recognition, receivables and contract profitability.
• Identify opportunities to improve margins through cost optimisation, resource utilisation and operational efficiency.

C. Treasury, Cash Flow and Working Capital Management

• Manage cash flow forecasting, liquidity planning and banking relationships.
• Improve working capital efficiency through disciplined billing, collections, vendor payment management and contract-level cash flow monitoring.
• Oversee banking facilities, debt servicing, guarantees and other financing requirements.
• Establish appropriate treasury controls and maintain adequate liquidity to support business operations and expansion.

D. Capital Expenditure and Funding Strategy

• Lead financial evaluation and budgeting for vessels, survey equipment, specialised technology and other capital investments.
• Evaluate capital allocation decisions using financial modelling, investment appraisal, payback analysis and return-on-investment metrics.
• Support financing strategies involving internal accruals, bank borrowings, asset-backed finance and external equity.
• Coordinate with lenders, investors, financial advisers and other stakeholders on financing transactions and due diligence.
• Monitor capital expenditure against approved budgets, implementation timelines and expected financial returns.

E. Accounting, Financial Reporting and Internal Controls

• Oversee accounting operations, monthly and annual financial closures, preparation of financial statements and management reporting.
• Ensure appropriate accounting treatment for project revenues, operating costs, fixed assets, depreciation, leases and capital work-in-progress.
• Strengthen internal financial controls, approval matrices, procurement controls and expenditure governance.
• Coordinate statutory audits, tax audits, internal audits and financial due diligence processes.
• Ensure timely and accurate financial reporting in accordance with applicable accounting standards.

F. Taxation, Statutory Compliance and Risk Management

• Oversee direct and indirect taxation, GST, TDS, tax assessments and statutory filings.
• Ensure compliance with applicable corporate, tax and other regulatory requirements.
• Identify financial, contractual, tax and treasury risks and implement appropriate mitigation measures.
• Maintain robust financial documentation, audit readiness and compliance monitoring systems.

G. Systems, Processes and Team Leadership

• Develop standardised financial processes, reporting formats, standard operating procedures and delegated financial authorities.
• Improve ERP utilisation, financial automation, data integrity and reporting efficiency.
• Build, lead and mentor the finance and accounts team.
• Collaborate with business development, procurement, project execution and operations teams to strengthen financial discipline across the organisation.

QUALIFICATIONS AND EXPERIENCE

• Qualified Chartered Accountant (CA) preferred. CMA or MBA in Finance may be considered based on relevant experience and capability.
• Strong foundation in accounting, corporate finance, financial analysis and taxation.
• Approximately 12–18 years of progressive experience in finance and accounts, including substantial experience in a managerial or leadership role.
• Experience in project-based, asset-intensive or capital-intensive industries such as infrastructure, EPC, engineering services, marine services, energy or industrial equipment will be preferred.
• Demonstrated experience in financial planning, project costing, cash flow management, working capital, statutory compliance and financial controls.
• Exposure to capital expenditure evaluation, debt financing, banking facilities and fundraising will be an advantage.
• Experience in establishing financial processes and supporting business expansion is desirable.

TECHNICAL SKILLS AND COMPETENCIES

• Strong financial modelling, budgeting, forecasting and variance analysis skills.
• Commercial understanding of project contracts, tender costing, project margins and working capital cycles.
• Knowledge of Indian account