AGM - Finance & Accounts

Financial Reporting & Analysis:

- Responsible for finalisation of accounts, budgeting, forecasting, and financial analysis.

- Conduct cost vs. variance analysis, reconciliation with DISCOMs/clients.

- Sound knowledge of DSM regulations.

- Analyze financial performance, identify trends/variances, and highlight cost optimization opportunities.

- Provide actionable financial insights to senior management.

- Monitor financial metrics specific to the energy/power sector.

Prepare financial proposals for banks including:

- CMA data.

- Project reports.

- DSCR reports.

- Cash budgeting reports.

- Financial projections aligned with industry trends.

Budgeting & Forecasting:

- Collaborate with plant operations for accurate budget and financial forecasting.

- Prepare costing and operating financial indicators.

- Manage financial elements of offtake agreements and power purchase agreements (PPAs).

- Provide strategic insights related to energy pricing and contracts.

Cost Management:

- Oversee cost accounting activities, including:.

- Fuel cost tracking.

Maintenance expenses:

- Operational efficiency metrics.

- Implement cost control and reduction strategies without affecting plant performance.

- Analyze and report key cost drivers and KPIs (e., variable/fixed O&M cost per MWh).

Compliance & Regulatory:

- Ensure compliance with financial and industry regulations such as GST, Income Tax, ESIC/PF.

- Prepare and submit required regulatory reports.

- Liaise with auditors and authorities during inspections and audits.

- Internal Controls, Processes & Risk Management.

- Develop and maintain strong internal controls for safeguarding assets.

- Streamline accounting processes to improve efficiency and accuracy.

- Ensure timely and accurate recording of energy trading and hedging transactions.

- Implement best practices for managing market, credit, and operational risks.

- Ensure compliance with all statutory regulations (IT, GST, DISCOMs, etc.

Team Leadership & Development:

- Lead and mentor a team of accounting professionals.

- Coordinate with other departments to align financial planning with operational goals.

- Promote cross-functional collaboration on capital projects and initiatives.

Candidate Profile:

- Bachelor's/Master's degree in Accounting or Finance with a CA qualification.

- Minimum 5 years of experience in accounting/finance in the energy or power sector.

- Strong knowledge of accounting principles under GAAP and Ind AS.

- Proficient in accounting software, Advanced Excel, Power BI, and ERP systems.

- Experience with Excel dashboards for MIS reporting.

- Strong interpersonal, problem-solving, and organizational skills.

- Ability to handle fast-paced and dynamic work environments.

- Proven collaboration skills across cross-functional teams.

- Fluent in English, Telugu, and Hindi.

Understanding of:

- Fuel efficiency ratios.

- Heat rates.

- Capacity utilization.

- Levelized Cost of Electricity (LCOE).