Project In-Charge – Accounts

Job Description:

Job Title: Project In-Charge – Accounting

Industry: Steel / TMT Bar Manufacturing

Department: Finance & Accounts

Reporting To: CFO / Head – Finance / Plant Head

Location: Project Site / Plant

Job Purpose

To manage and control project-level accounting, cost tracking, statutory compliance, and financial reporting for steel/TMT bar projects, ensuring accurate financial records, budget control, and compliance during project execution and commissioning.

Key Responsibilities

1. Project Accounting & Cost Control

• Maintain project-wise books of accounts including CAPEX, CWIP, and expense tracking.
• Monitor project budgets, cost overruns, and variance analysis.
• Track capitalization of assets post-commissioning.
• Control purchase orders, work orders, and contractor bills.

2. Vendor & Contractor Accounting

• Verify and process contractor RA bills, vendor invoices, and service bills.
• Ensure rate contracts, GST compliance, and retention money accounting.
• Reconcile vendor accounts and resolve discrepancies.

3. Statutory & Tax Compliance

• Ensure compliance with GST, TDS, TCS, and other applicable taxes.
• Coordinate filing of GST returns, TDS returns, and reconciliation (GSTR-2B, 3B).
• Support audits and statutory inspections.

4. Banking & Cash Management

• Handle project banking operations, payments, and fund utilization.
• Monitor LCs, BGs, and advances related to project procurement.
• Maintain cash flow statements for the project.

5. Inventory & Stores Accounting

• Track project inventory, spares, consumables, and capital goods.
• Coordinate with stores for GRN, issue slips, and stock reconciliation.
• Monitor scrap, wastage, and excess material accounting.

6. MIS & Reporting

• Prepare weekly/monthly project MIS, cost sheets, and management reports.
• Provide financial inputs for project review meetings.
• Support management in financial decision-making.

7. Coordination & Controls

• Coordinate with project, procurement, stores, engineering, and plant teams.
• Ensure proper documentation, approvals, and internal controls.
• Implement SOPs for project accounting and financial discipline.

Key Performance Indicators (KPIs)

• Accuracy of project accounts
• Budget adherence & cost variance control
• Timely processing of bills & payments
• Statutory compliance & audit closure
• Quality and timeliness of MIS

Qualification & Experience

• CA / ICWA / MBA (Finance) / M.Com
• 5–10 years experience in steel / TMT bar / manufacturing project accounting
• Hands-on experience in project costing, CAPEX, CWIP, GST & TDS

Key Skills

• Strong knowledge of project accounting & cost control
• Proficiency in ERP / Tally / SAP
• Analytical & reporting skills
• Strong coordination & compliance mindset