Financial controller
Flipspaces · Mumbai, India
FULL TIMEpermanent
Job Description
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 4–5 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
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 4–5 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
Details
| Company | Flipspaces |
| Location | Mumbai, India |
| Type | FULL TIME |
| Niche | finance |
| Experience | permanent |