Accounts Manager

Position: Accounts Manager

Industry: Ship Repair / Marine Engineering / Ship Maintenance

Department: Finance & Accounts

Experience: 5–8 years

Reporting To: Management / Finance Head

Location: Royapuram,Chennai

Job Summary

We are looking for an experienced Accounts Manager to manage the complete finance and accounting functions of a ship repair and marine engineering company.

The candidate will be responsible for day-to-day accounting, project/job costing, vessel-wise expenses, customer billing, subcontractor and supplier accounts, receivables, payables, GST/TDS compliance, cash-flow management and MIS reporting.

Experience in ship repair, marine services, shipyards, offshore services or engineering companies will be preferred.

• Key ResponsibilitiesManage day-to-day accounting operations and ensure accurate accounting entries.
• Maintain vessel-wise / project-wise accounts and job costing.
• Track revenue and expenses for each ship repair project.
• Verify material, spare parts, labour, subcontractor and service-related costs against individual jobs.
• Prepare and monitor customer invoices based on work orders, quotations and completed repair jobs.
• Follow up on customer receivables and maintain ageing reports.
• Verify and process supplier and subcontractor invoices.
• Reconcile customer, vendor, bank and general ledger accounts.
• Monitor advances received from customers and advances paid to vendors/subcontractors.
• Prepare job-wise profitability reports and identify cost overruns.
• Monitor project budgets versus actual expenses.
• Coordinate with the Operations, Technical, Procurement and Project teams regarding billing and costs.
• Ensure all completed repair works are billed promptly.
• Manage cash flow, payment schedules and working-capital requirements.
• Prepare monthly MIS and financial reports for management.
• Supervise the accounts team and review their work.
• Coordinate with statutory auditors, tax consultants, banks and other financial institutions.
• Ensure timely GST, TDS, Income Tax and other applicable statutory compliances.
• Maintain proper documentation and records for audits.
• Ship Repair–Specific Accounting ResponsibilitiesMaintain vessel-wise job files and cost sheets.
• Account for:
• Marine spare parts and consumables
• Welding and fabrication materials
• Electrical and mechanical components
• Subcontractor charges
• Labour and manpower costs
• Crane, scaffolding and equipment hire
• Dock/yard-related expenses
• Transportation and logistics
• Port and marine service charges
• Travel and vessel attendance expenses
• Track material issued and consumed for each repair project.
• Reconcile purchase orders, material receipts, invoices and job consumption.
• Monitor variation orders and additional repair works for proper customer billing.
• Coordinate with project managers to ensure all billable costs are captured.
• Review project profitability before and after completion.
• Monitor customer credit limits and payment terms.

Qualifications & Skills

• Bachelor's degree in Commerce, Accounting, Finance or related field.
• M.Com / CA Inter / CMA qualification will be an advantage.
• 5–8 years of relevant accounting experience.
• Experience in ship repair, marine engineering, shipyard, offshore, engineering or industrial project companies preferred.
• Strong knowledge of GST, TDS and Indian accounting standards/practices.
• Good knowledge of Tally / ERP and MS Excel.
• Strong understanding of job costing, project accounting, receivables and payables.
• Excellent reconciliation and analytical skills.
• Good communication and coordination skills.
• Ability to manage a team and work independently.
• Key Performance IndicatorsAccurate vessel/project-wise costing
• Timely customer billing
• Improved collection of outstanding receivables
• Accurate project profitability reporting
• Effective control of project expenses
• Timely vendor/subcontractor payments
• Timely GST/TDS/statutory compliance
• Accurate monthly MIS and financial reporting
• Effective cash-flow management

Salary: ₹35K PM to max 45 K PM based on experience and suitability.