Financial Controller- Heavy Engineering / Shipyard

Role & responsibilities :

• Develop, review, and finalize financial contract terms related to Heavy Engineering, shipbuilding, repairs, maintenance, and procurement with precision.
• Ensure contracts align with financial policies, cost structures, and profitability targets of the shipyard.
• Conduct detailed cost analysis before finalizing contracts to ensure financial feasibility.
• Evaluate direct and indirect costs, including materials, labor, overhead, and subcontracting expenses.
• Review final contract settlements, including retention payments, warranties, and guarantees.
• Assist internal, statutory, and government auditors in invoice verification. Address auditor queries regarding contractor bills, cost center allocations, and approvals.
• Oversee generation of daily, weekly, and monthly reports on pending invoice status, processed bills and payment disbursements and outstanding vendor liabilities.
• Ensure that contingency plans are in place for financial uncertainties such as cost overruns or contract cancellations.
• Ensure compliance with Foreign Trade Policy (FTP) and RBI regulations for export proceeds realization.
• Ensure timely filing of GST returns (GSTR-1, GSTR-3B, GSTR-9, GSTR-9C). Reconcile GST Input Tax Credit (ITC) with GSTR-2A and GSTR-2B to prevent ITC mismatches.
• Ensure correct reconciliations of tax credits, duty exemptions, and refunds. Generate monthly and quarterly reports on SEZ / EOU tax savings, refunds, and exemptions.
• Ensure payroll processing adheres to all local and national labor laws, including Provident Fund (PF) contributions, Employee State Insurance (ESI), Professional Tax (PT), Income Tax (TDS deductions) and Form 16 issuance, Gratuity calculations and settlements, Bonus payments as per Payment of Bonus Act, Minimum Wage Act compliance for different categories of employees.
• Ensure regulatory compliance in all quality control activities, aligning with ISO 9001 : 2015 for quality management, ISO 45001 : 2018 for occupational health and safety, ISO 14001 : 2015 for environmental protection, and industry-specific product certification standards for shipbuilding / Ship repair.
• Support monitoring of non-compliance risks related to SEZ regulations, GST, and customs. Ensure timely tax payments to avoid interest, penalties,

Skills Required

Gst, Financial Controller, shipyards