Financial Controller

ABOUT FLIPSPACES

Flipspaces is a fast-scaling commercial interior Design & Build (D&B) company delivering end-to-end workplace solutions for enterprise clients. We operate across Mumbai, Pune, Bangalore, Delhi NCR, and Hyderabad, with active expansion into UAE and APAC. We manage the complete project lifecycle from workplace strategy, interior design, and BOQ/costing through to procurement, vendor management, site execution, and final handover all under one roof.

ROLE OVERVIEW

As Finance Controller, you will own the end-to-end finance function for a multi-city, project-based D&B business. You will work closely with the founders, ops leadership, and city heads to ensure financial clarity, healthy cash flows, and sound business-aligned decision-making. This is a hands-on leadership role you will build and lead a finance team, drive process discipline without creating bureaucracy, and act as a genuine business partner across a rapidly growing portfolio. KEY

RESPONSIBILITIES

Project Finance & Accounting

Own project-level P&L tracking across all active projects and cities

Maintain WIP (Work-in-Progress) accounting aligned with Ind AS 115 percentage-completion method

Set up milestone-based billing systems and follow-up protocols in coordination with PM teams

Monitor project margins, flag cost overruns in real time, and provide financial inputs to ops leadership

Ensure BOQ-to-invoice reconciliation on both vendor and client sides

MIS & Financial Reporting

Build and own monthly MIS covering revenue, cost, margin, billing, and collections

Present financial performance to founders and leadership on a monthly basis

Prepare annual budgets, quarterly reforecasts, and variance analyses by city and project portfolio Support board and investor reporting as the business scales

Compliance & Controls

Manage GST compliance for works contracts including RCM provisions, ITC reconciliation, and multi-state returns

Handle TDS, statutory filings, labour compliance (PF, ESIC), and ROC requirements

Own statutory, internal, and tax audit cycles; coordinate with external auditors

Build and enforce financial controls, SOPs, and approval workflows

Working Capital & Treasury

Manage cash flow planning and working capital cycles across a project-heavy business

Oversee vendor payment cycles prioritisation, timelines, and dispute resolution

Manage banking relationships CC lines, bank guarantee facilities, and FD structures

Drive collections, reduce DSO, and ensure healthy receivables management

MUST-HAVE REQUIREMENTS

Experience: 10+ years of post-qualification experience, with significant time in a project-based D&B, interior, real estate, or construction business

Qualification: Chartered Accountant (ICAI) mandatory. CA Inter or MBA Finance profiles will not be considered for this role

Team Leadership: Directly managed a finance team of at least 45 people with full accountability for their output and development

Project Accounting: Proven hands-on experience with WIP accounting, percentage-completion revenue recognition, and project P&L management

Compliance: Deep working knowledge of GST for works contracts RCM, ITC, multi-state compliance along with TDS and statutory filings

MIS Ownership: Must have independently built and owned MIS frameworks for management reporting not just contributed to them

Working Capital: Experience managing banking lines (CC, BG, LC facilities) and working capital in a project-based business

GOOD TO HAVE

ERP implementation experience Zoho Books, SAP FI/CO, Tally Prime

Power BI or equivalent MIS dashboard experience

Exposure to fundraising, financial modelling, and investor due diligence support

Experience setting up finance for new cities or geographies, including UAE / international compliance

Background in a high-growth startup or scale-up environment

WHAT WE'RE LOOKING FOR

Beyond the technical requirements, we are looking for someone who:

Is collaborative by nature works with ops, design, and project teams as an enabler, not a gatekeeper

Has a flexible working style no 'my way or the highway'. Adapts to what the business needs and builds consensus

Takes full ownership of the finance function and operates with urgency consistent with a fast-scaling company

Is commercially aware understands how a project business makes money, not just how it is accounted for

Is comfortable building structure in ambiguous, fast-moving environments without needing everything defined upfront