Head - Project Finance - Cement Industry - CA

Job Description Head Project Finance

We are hiring for a Project Finance Head for a cement industry

Role Title - Head - Project Finance Grade - AVP/VP

Business - Finance & Accounts

PURPOSE OF THE ROLE:

- The Head of the Project Finance provides the lead in financial management, planning, and reporting for projects.

- Ensuring approved policies, procedures and Network Standards are adhered to with the aim to increase operational efficiencies and effectiveness.

- This will be a highly visible position for an individual who demonstrates strategic and analytic thinking, confidence, creativity, effective communication skills and collaboration.

CRITICAL ACCOUNT:

Key Areas of Accountability:

- Head Site Project Finance Team to drive best practice, value-adding project controls and financial management processes between Finance and project delivery teams

- Oversee all tasks related to project accounting tasks including project expenditure reporting against budget and capitalization assessments.

- Day-to-day supervision of the project accounting and financial activities at site level

- Proactively partner with project teams to provide governance and oversight to ensure compliance to financial policies and procedures at site level.

- Evaluation of basic assumptions considered for the proposal. Sharing the comparison with already approved projects. Impact analysis due to changes in the assumptions.

- Tracking of Capex Proposals for RFA1, RFA2 till its approval.

- Keeping track of the changes between the old and new proposals & MIS.

- Tracking of approved projects, additions & reduction in the Project scope, Changes in the approved cost & MIS.

- Project wise cash flow tracking, variation with planned cash flow, reasoning of the changes in cash flow & MIS.

- Review of capex liabilities, Capex advances, CWIP.

- Project Cash flow working for MTP, Budget.

- Review of BG and actions wherever required to protect company interest.

- Explore optimization and cost reduction opportunities to bring down the Capex and Opex \cost

- Review of existing processes related to project finance, suggesting the changes required to make them effective and Robust.

ROLEHOLDER REQUIREMENTS:

Qualifications: CA

Experience:

- A rich 15 to 20 years of experience in Project Finance.

- Must have worked during project phase and possess in-depth understanding of all project F&A activities.

- Should be proficient in SAP.

- Should have experience in managing people or a team.

- Ability to perform under competitive environment and tight deadlines.

- Should have experience in handling cross functional teams towards adhering to the business growth philosophy