Financial controller

Flipspaces · Mumbai, India

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