Business Controller - Marine/Energy/Food & Water Industry

About Company:

It is a heavy industry company that focuses on the large-scale operations, such as the Marine, Energy, Food & Water industries.

Position Title : Business Controller

Location of the position : Pune

Qualification : CA/MBA/ICWA

Purpose of the role :

The position acts as finance partner for E&S, FOS (projects business) and Service Operations. Service operations includes field service and service centres

Responsibilities :

The position is responsible overall performance, financial discipline and management analysis within the area of responsibility

Projects business

Project Controlling, Governance, and Internal Control:

- Collaborate with key stakeholders such as Project Manager, Business Head, Business Controller, Credit Control, Sourcing department and supply chain etc. to drive key project financial performance parameters.

- Conduct comprehensive review of projects and risk assessment, covering assessment of liabilities.

- Prepare monthly workings of project unbilled/unearned and revenue recognition workings following

- Support reporting team in preparation of Engineering and Supply organization financial statements

- Preparation, analysis, and presentation of month end financial performance. Communicate issues

Annual Costing Update and Financial Forecasting:

- Work with Global + Local business controllers and delivery team to establish the labor rates and material overhead recovery rate on annual basis. Maintain overhead recovery model.

- Monitor actual and proposed adjustment to rate workings rates if necessary.

- Support Business Controller in forecasting order booking, Net Invoicing, Margin, working capital Collaboration with Service Managers on monitoring and improving performance Cost monitoring

- Preparation of CBA for major investments Aligning inventory, capex policies to new structural changes.