Job openings for Finance Associate in Chariali Kamrup

- Prepare detailed financial reports for project stakeholders, including monthly, quarterly, and annual financial performance summaries.
- Assist in the creation and management of project-specific budgets, ensuring financial alignment with project timelines and resources.
- Track project spending and ensure costs are managed within the allocated budget, proactively identifying cost overruns and recommending corrective actions.
- Monitor and forecast cash flow for multiple construction projects, ensuring that funds are available to meet project needs while maintaining sufficient working capital.
- Oversee the timely processing of invoices and payments to vendors, subcontractors, and other third-party providers.
- Conduct monthly variance analysis by comparing actual project costs to budgeted amounts and provide detailed explanations for discrepancies.
- Assist in reviewing contracts, including payment terms and financial conditions, to ensure they align with project budgets and financial objectives.
- Identify and assess potential financial risks and assist in developing mitigation strategies, including insurance, contingency funds, and cash flow management.
- Support internal and external audits by ensuring all financial records and documentation are accurate and in compliance with company policies, accounting standards, and regulations.
- Assist project managers in forecasting future financial needs, considering upcoming expenses, resource allocation, and changes in project scope.
- Maintain and update project financial data in ERP or accounting software, ensuring real-time accuracy and reporting.
- Assist in tax filings related to construction projects, including VAT/GST, withholding taxes, and other applicable duties, ensuring compliance with local tax laws and construction regulations.
- Communicate regularly with project managers, engineers, and senior management to discuss financial matters, project costs, and potential risks.