Maruti Suzuki - Project Financial Performance Manager

Role Title - Project Financial Performance Manager

Reports To-Digital Governance Head

Function/ Department - Digital Governance

1. JOB PURPOSE:

- The Project Financial Performance Analyst will be responsible for establishing, monitoring, and analyzing key performance indicators (KPIs) and metrics to assess and report on the financial performance of projects. The role involves ensuring that projects remain financially viable and aligned with the company's strategic goals, and supporting informed decision-making through comprehensive reporting and analysis

- This role is a central role positioned typically within strategic management level to ensure function has authority and visibility needed to drive project success and strategic alignment

2. PRINCIPAL ACCOUNTABILITIES:

Cost Management and Analysis:

- Establish & develop costing for projects (Eg: ABC Technique) to calculate Investment, and Returns or overall profitability of project.

- Establish robust systems and processes for tracking project costs throughout the project lifecycle.

-Collaborate with project managers and stakeholders to understand project financial requirements and constraints.

- Conduct regular reviews of project cost structures and recommend adjustments as needed to align with project

objectives.

- Prepare financial reports and presentations for senior management to support decision-making processes.

Return on Investment (ROI) Analysis

- Conduct ROI Analysis of projects to assess their financial viability and potential returns.

- Evaluate project benefits against costs to determine overall project value.

- Identify factors impacting ROI and provide recommendations for maximising returns.

- Track and report on Project Performance Metrics related to ROI.

Performance Monitoring and Reporting:

- Establish key performance indicators (KPIs) and metrics to evaluate project financial performance (Eg: Payback period, Cost variance, Cost Performance Index, Benefit-cost ratio etc)

- Monitor project progress against financial targets and milestones, identifying areas of concern and opportunities for improvement.

- Prepare regular performance reports and dashboards for project stakeholders, highlighting financial achievements

and challenges.

- Present financial updates and insights to project teams and senior management, facilitating informed decision-

making.

Stakeholder Engagement:

- Collaborate with cross-functional teams, including project managers, finance, accounting, and executive leadership, to ensure alignment on financial objectives and strategies.

- Communicate effectively with internal and external stakeholders to provide transparency and accountability regarding project finances.

- Serve as a trusted advisor to project managers and team members, offering guidance and support on financial matters.

MAJOR CHALLENGES:

- Stakeholder expectations & alignment Internal Business validation for Revenue and returns Visibility in P&L statement

- Establishing & Creating various methods for calculating returns in projects

- Candidate should be a good cultural fit maturity and patience to deal with diverse stakeholders, carry people along and balance various priorities

- Scale & Complexity of Operations: Must have the experience or ability to appreciate the scale and complexity

DECISIONS:

- Project Performance Monitoring

- Project Financial analysis & Reporting

- Cost tracking & Monitoring

- Stakeholder management

INTERACTIONS:

Internal Clients:

Roles you need to interact with inside the organization to enable success in your day to day work

Program / Project Managers to ensure alignment with Org goals

Digital Business Partners

Senior Leadership for MIS & Project updates, seek approval for key decisions

External Clients:

Governance related Partners

Suppliers & Vendors

Knowledge Partners like Gartner, Forrester

DIMENSIONS:

Financial Dimensions

Total Team Size: ~8 members

Number of Direct Reports: 1-2 members

Educational Qualifications:

a) Qualifications

b) Minimum Qualification: Bachelor's degree in Finance, Accounting, Business Administration, or a related field; a

Master's degree or professional certification is preferred

c) 4-5 years of experience in financial project management, preferably within a project management office

Work Experience:

- Proven experience in financial analysis, project management, or a similar role, with a strong understanding of

project finance and performance metrics.

- Proficiency in financial modeling, data analysis, and reporting tools (e.g., Excel, Power BI, Tableau) and Project

management tool such as Jira.

- Excellent analytical, problem-solving, and decision-making skills, with the ability to interpret complex financial data

and provide clear, concise insights.

- Strong communication and presentation skills, with the ability to articulate financial concepts to non-financial

stakeholders.

- Detail-oriented with an aptitude for planning and organization to manage multiple projects and deadlines

effectively.

- A collaborative team player with the ability to work independently and take initiative in a dynamic business

environment.

- Knowledge of financial regulations, accounting standards, and best practices in project finance management.

- Financial Software Proficiency: Familiarity with financial management systems, ERP software, and advanced Excel

functions; knowledge of BI tools like Power BI or Tableau is advantageous

9. BEHAVIORAL COMPETENCIES

- Strategic thinking

- Collaboration

- Analytical & Problem Solving

TECHNICAL COMPETENCIES:

- Financial Analysis

- Data analysis

- Budgeting and Forecasting

- Financial Software Proficiency