Finance Manager

Senior Finance Accountant (Construction Equipment – Rental & Sales)

Position Title: Senior Finance Accountant

Experience Required: 10–15 Years (Minimum 5+ years in Construction Equipment Rental/Sales industry preferred)

Department: Finance & Accounts

Location: Chennai

Reporting To:CFO

Role Overview

The Senior Finance Accountant will oversee end-to-end accounting, financial reporting, MIS, and compliance for a construction equipment rental and sales business. The role requires strong knowledge of equipment rental billing cycles, asset management, depreciation, project-wise costing, and working capital management. The candidate will ensure accurate books of accounts, statutory compliance, and support management in financial decisions.

Key Responsibilities

1. Financial Accounting & Reporting

• Maintain accurate books of accounts in compliance with applicable accounting standards.

• Prepare monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Cash Flow).

• Ensure timely month-end closing, reconciliation, and reporting.

• Manage accounts payable, accounts receivable, general ledger, and asset accounting.

2. Equipment Rental & Sales Accounting

• Prepare equipment rental invoices as per contract terms, utilisation sheets, and rental logs.

• Monitor equipment deployment, idle time, utilisation %, and alignment with billing.

• Manage accounting for equipment sales, revenue recognition, and margin analysis.

• Handle equipment asset capitalization, depreciation schedules, and disposal accounting.

3. Costing & Budgeting

• Maintain project-wise costing, equipment-wise costing, fuel/maintenance cost tracking.

• Create annual budgets, forecasts, and variance analysis.

• Work with operations to control rental fleet maintenance costs.

4. Cash Flow & Working Capital Management

• Monitor cash inflows/outflows, vendor payments, and customer collections.

• Prepare weekly/monthly cash flow statements.

• Ensure optimum working capital cycle—credit control, receivables follow-up, and ageing analysis.

5. Taxation & Statutory Compliance

• Handle GST, TDS, PF/ESI (if applicable), professional tax, and other statutory filings.

• Coordinate with auditors for statutory, internal, and tax audits.

• Ensure compliance with industry-specific regulations and accounting standards.

6. MIS & Management Reporting

• Provide rental performance MIS, equipment utilisation MIS, margin analysis, and financial dashboards.

• Prepare daily/weekly/monthly business reports for management review.

• Support in feasibility reports for new equipment purchase, ROI analysis, and financing options.

7. Coordination & Process Improvements

• Coordinate with Operations, Sales, Service, and Stores for data accuracy.

• Improve internal processes—billing, documentation, fleet costing, and control mechanisms.

• Implement ERP/accounting software enhancements (Tally/ERP/Zoho/SAP/etc.).

Key Skills & Competencies

• Strong knowledge of accounting principles and financial controls.

• Hands-on experience in equipment rental billing and utilisation tracking.

• Expertise in Tally ERP / SAP / Zoho Books / or similar ERP tools.

• Strong analytical and problem-solving skills.

• Excellent knowledge of GST, TDS, and statutory compliance.

• Proficiency in Excel (VLOOKUP, Pivot Tables, MIS dashboards).

• Ability to work independently and manage a small finance team.

Educational Qualifications

• B.Com / M.Com / MBA (Finance) / CA .

• Additional certifications in taxation or ERP software is an advantage.

Salary Range

(To be filled based on company policy and candidate experience.)

Employment Type

Full-Time | Permanent