Larsen & Toubro | RCF Accounts

Responsibilities

• The role is responsible for accounts payable, banking operations, funds forecasting, financial closing, taxation, audit coordination, budgeting, MIS, procurement and subcontract-related financial analysis, and implementation of Internal Control over Financial Reporting (ICFR), supporting sound financial management and informed business decisions.
• Scope of responsibility, financial authority, team size and functional ownership will be commensurate with the cadre and position.
• The specific scope of responsibility, financial authority, complexity of transactions, team size and level of review will vary based on the position, project scale and organisational requirements.
• Accounts Executive: Primarily responsible for transaction processing, accounts payable, ledger maintenance, reconciliations, banking documentation, taxation support and routine financial reporting.
• Reports To: Accounts Manager / Project Finance Head / Cluster Finance Head / Functional Head.
• Manage and monitor accounts payable activities relating to domestic and international vendors, suppliers, contractors and service providers.
• Verify invoices, supporting documents, purchase orders, work orders, service entries and other relevant approvals before processing payments.
• Ensure accuracy of vendor bills, accounting entries, payment terms, statutory deductions and applicable taxes.
• Coordinate with procurement, commercial, stores and project teams for invoice verification, certification and resolution of discrepancies.
• Monitor vendor outstanding balances, ageing, advances and payment schedules.
• Ensure timely processing of approved vendor and subcontractor payments in accordance with contractual terms and organisational procedures.
• Maintain vendor account reconciliations and resolve outstanding items.
• Ensure proper accounting and settlement of vendor advances, debit notes, credit notes and other adjustments.
• Coordinate banking activities relating to project and business operations.
• Manage processing, issuance, renewal, amendment, extension and closure of Bank Guarantees (BGs), as applicable.
• Coordinate Letter of Credit (LC) applications, documentation, amendments and settlement with banks and internal stakeholders.
• Monitor BG and LC validity, expiry dates, margin money, collateral requirements and related bank charges.
• Maintain records and MIS of bank guarantees, letters of credit and other banking instruments.
• Coordinate with banks, corporate finance and project teams for timely completion of banking requirements.
• Ensure compliance with approved banking limits, authorisation matrices and internal procedures.
• Monitor project and business fund requirements and coordinate timely availability of funds.
• Prepare periodic cash flow forecasts based on vendor payments, subcontractor commitments, payroll, statutory dues and other project expenditure.
• Monitor actual cash outflows against approved forecasts and identify funding gaps or surplus funds.
• Coordinate with project, cluster and corporate finance teams for fund allocation and utilisation.
• Review bank balances, payment commitments and outstanding liabilities.

Qualification

• Relevant experience in Finance & Accounts, preferably in construction, infrastructure, building, industrial or EPC project environments.
• Exposure to accounts payable, general accounting, banking, fund management, financial closing, taxation, statutory compliance and audit coordination.
• Experience in handling vendor and subcontractor accounts, project financial transactions, budgeting, MIS and internal controls.
• Exposure to ERP-based accounting systems and coordination with project and corporate finance functions.
• Knowledge of applicable accounting standards and statutory regulations.
• Working knowledge of MS Excel, MS Office and ERP / accounting systems such as SAP or equivalent.
• Effective communication and interpersonal skills.
• Analytical thinking and attention to detail.
• Stakeholder coordination and influencing ability.

Larsen & Toubro Limited (L&T)

Larsen & Toubro Limited (L&T) is an Indian multinational engaged in engineering, procurement and construction (EPC) projects, hi-tech manufacturing and services. It was founded in Mumbai in 1938 by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro, and today works in more than 50 countries with a team of over 50,000 professionals. Its businesses span infrastructure and buildings construction, power transmission and water projects, hydrocarbon and energy projects, heavy engineering, precision engineering and defence systems, and shipbuilding; the group also includes the listed companies LTIMindtree, L&T Technology Services and L&T Finance. L&T's shares are listed on the NSE and BSE.

For finance professionals, L&T's head office, business-unit offices and project sites offer work in project and site accounting, financial reporting and book closure, GST and direct tax compliance, internal controls, corporate risk management and insurance, treasury and hedging, financial planning and analysis, and mergers and acquisitions. These roles suit CA, CMA (ICWA) and MBA (Finance) profiles as well as B.Com and M.Com graduates.

• Industry: Engineering, construction (EPC projects), hi-tech manufacturing and services
• Headquarters: Mumbai, India (L&T House, Ballard Estate)
• In India: Corporate offices in Mumbai (Powai) and Chennai, manufacturing campuses such as Hazira, Vadodara, Coimbatore and Talegaon, and project sites across India