Q.Y.E.C. Construction

Hydropower / Alternate Energy

Assistant Finance Manager

Views: 3345|Published on: Apr 25, 2025

Construction / Engineering / Architects

Mid Level

Full Time

Vacancy: 1

Lalitpur|

Experience: More than 3 years|

Not Disclosed

Job Description

Roles and responsibilities of this job

Job Summary:

We are seeking a detail-oriented and proactive Assistant Finance Manager to join our team at Q.Y.E.C. Construction Pvt. Ltd. The Assistant Finance Manager will support the Finance Manager in overseeing all financial activities of the company, ensuring accurate financial reporting, regulatory compliance, budget control, and contributing to the company’s long-term financial strategy, especially tailored to the construction industry.

Key Responsibilities of Assistant Finance Manager

Financial Reporting & Analysis

Prepare monthly, quarterly, and annual financial statements aligned with NFRS.
Perform variance analysis comparing budget vs actual project expenses.
Support Finance Manager in generating internal and board-level reports.
Ensure timely submission of tax filings (VAT, TDS, Income Tax).

Budgeting and Forecasting

Assist in preparing annual budgets for corporate and project-level activities.
Monitor ongoing construction project budgets and flag overruns.
Prepare financial forecasts and assist in profitability planning.

Project-Based Cost Accounting

Maintain project-wise ledgers for large-scale hydropower and road construction projects.
Reconcile contractor bills, material issuance, and site financial statements.
Verify project progress payments and coordinate with site engineers.

Cash Flow & Treasury Management

Monitor daily cash flow requirements and bank balances.
Conduct regular bank reconciliations for all company accounts.
Support fund transfers between site accounts and head office as needed.

Audit & Internal Controls

Coordinate with statutory and internal auditors during audits.
Implement internal controls to prevent financial discrepancies or fraud.
Ensure documentation of all project and administrative expenses.

Tax & Regulatory Compliance

Prepare VAT, TDS, and income tax calculations as per Nepalese tax regulations.
Assist in resolving tax office queries and conducting tax reconciliations.
Maintain compliance with Department of Industry (DOI), IRD, and other regulators.

Accounts Payable & Receivable

Oversee timely vendor invoice processing and staff reimbursements.
Monitor collection schedules from clients, government contracts, or JV partners.
Reconcile intercompany accounts (especially in cross-border ventures or JVs).

ERP and Software Support

Operate and maintain financial records in Tally or ERP software.
Assist in digitizing financial workflows and reports.
Coordinate with the IT team for data accuracy in finance modules.

Coordination & Communication

Collaborate with Project Managers, Procurement, and HR for financial decisions.
Liaise with banks for LC management, salary disbursement, and bank guarantees.
Provide inputs in financial decision-making for new tenders and bidding processes.

Job Specification

Required qualifications for this job

Required Education Level:Under Graduate (Bachelor)

Required Experience:More than 3 years

Other Specification

Qualifications:

Bachelor’s Degree in Accounting, Finance, or related field (Master’s preferred).
Chartered Accountant (CA), ACCA, CPA or equivalent certification preferred.
Minimum 3–5 years of progressive experience in finance/accounting roles.
Experience in the construction sector or infrastructure projects is highly preferred.

Skills Required

Required skills for this job

Communication Skills

Time Management

Financial Reporting

Bookkeeping

Knowledge Of Accounting Standards

Reconciliation Skills

Attention to Detail

Salary

Offered financial and non-financial compensation for this job

Offered Salary:Not Disclosed

Applying Procedure

Click on Login to Apply to get the email address / external link to apply.

Note: You need to be a registered jobseeker to view the applying email address / external link.

Apply Before: May 10, 2025

About the organization

Q.Y.E.C. Construction

Hydropower / Alternate Energy

Lalitpur-3, Pulchowk

Q.Y.E.C. Construction Pvt. Ltd. (QYEC Nepal), situated at Pulchowk-3, Lalitpur, is engaging in EPC (Engineering, Procurement and Construction) for hydropower projects in Nepal. QYEC Nepal is a wholly owned subsidiary of Sichuan Qingyuan Engineering Consulting Co., Ltd. (QYEC China) which was established in 1995 and is the only private design company holding Class A certificate in hydropower industry in China. QYEC China has been providing full-scope engineering and consulting services for hydroelectric and water conservancy projects with clients of public, government, and private sectors. QYEC China is the holder of qualification certificates of Engineering Survey and Design Certificate - Class A, Engineering Design - Class A, and Engineering Consulting - Class A, which are issued by Chinese government and institute. In the meanwhile, QYEC China is also certified for Power Transmission and Transformation design, Water Resources Argumentation compilation, Water and Soil Conservation compilation, Environmental Impact Assessment compilation, geological hazard reconnaissance, design, risk assessment, etc.

Q.Y.E.C. China believes that hydropower development is a delicately balanced technical art, an optimal balance in technical efficiency, financial return, environmental protection and social well-being. With such belief, QYEC China has provided engineering services for more than a hundred hydropower projects, amounting to a total installed capacity over 10GW in past decades, among which, 40 commissioned and 5 under construction, with a capacity sum of 3.9 GW and 1.3GW respectively.

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Head - Engineering

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