Finance & MIS Manager

Job Title -

Finance & MIS Manager – Mumbai (Vikhroli)

Our Story

Blue Star is India's leading Heating, Ventilation, Air conditioning and Commercial Refrigeration (HVAC&R) Company with modern manufacturing facilities including the new state-of-the-art deep freezer facility at Wada, and Blue Star Climatech Limited’s world-class facility at Sri City; 3132 employees, and 4040 channel partners. The Company has manufacturing facilities at Dadra, Himachal Pradesh, Wada and Ahmedabad, which use modern, state-of-the-art manufacturing equipment to ensure that the products have consistent quality and reliability. The Company has a manufacturing footprint of more than 1 lakh sq m, with the mainstay of product development and R&D being energy-efficiency, coupled with eco-friendly and sustainable products.

What You’ll Do :

Agreement Management & Review

Review and ensure completeness of each project agreement from an accounting perspective.

Maintain a register of all active agreements with relevant accounting checkpoints.

Liaise with legal and project teams to understand key clauses affecting financial reporting (e.g., performance obligations, penalties, warranties, revenue milestones).

Interpret commercial clauses to determine accounting treatments in compliance with applicable standards (e.g., Ind AS, IFRS).

Document summary memos of key financial implications for each agreement.

Accounting of Contractual Clauses

Identify and account for performance-based revenue recognition, variable considerations, and milestone payments.

Ensure correct classification and recognition of revenue, cost of projects, and deferred revenues.

Maintain proper documentation to support judgments made in revenue and cost recognition.

Contingent Liabilities Documentation

Track and record contingent liabilities arising from contractual commitments, guarantees, litigation, or potential claims.

Create and maintain a Contingent Liability Register updated on a monthly basis.

Collaborate with legal and project teams to evaluate the likelihood of occurrence and estimate financial impact.

Ensure disclosures are aligned with applicable accounting standards and audit requirements.

Provisions for Liabilities

Monitor contractual obligations and create adequate provisions for expected project liabilities (e.g., penalties, rework, warranty claims).

Maintain working papers and evidence for the basis of provisioning.

Review provisions on a monthly basis and update based on project developments and risk assessments.

Receivables Management & Automation

Design and implement automated tools or dashboards (e.g., using Excel VBA, Power BI, ERP tools) to track and age project receivables.

Monitor overdue accounts and flag critical risks to finance and project management teams.

Prepare monthly aging reports with comments, expected recovery dates, and provisioning needs (as per company policy).

Coordinate with the billing team and project leads to ensure timely invoicing and dispute resolution.

Internal Controls & Compliance

Implement internal controls for project-related financial transactions.

Ensure compliance with corporate accounting policies and applicable statutory regulations.

Support internal and external audits by providing reconciliations, supporting documentation, and walkthroughs.

Reporting & Analysis

Prepare monthly reports on project financial performance, aging of receivables, provisions, and contingent liabilities.

Participate in project review meetings to provide financial insights and highlight risk areas.

Develop financial dashboards for leadership visibility.

Your success is grounded in

Educational Background :

You should hold a Commerce Degree with Chartered Accountant (CA) Certification (Max two attempts)

Experience :

A proven track record of 4-8 years in finance field

Effective Communicator :

We need a strong negotiator and communicator who can build rapport and influence decisions.

Where you’ll be

This role is based in Mumbai (Vikhroli).

At Blue Star, you are not just another employee; you're part of a vibrant community that values innovation, dedication, and teamwork. We believe in investing in our people and providing opportunities for professional growth and development. You’ll be empowered to take ownership of your role and make a difference in the lives of our customers and colleagues. If you’re ready to take on this exciting challenge and make a real impact, we would love to hear from you!