Job Description

Key Responsibilities:

Financial:

- Establishes and maintains metrics in support of performance measurement reporting.

- Develop all short and long-term financial plans in a coordinated effort with Corporate Planning and Budgeting for the operating company to identify financial opportunities to improve profitability in order to maximize returns, support external ratings and regulatory filings.

- Develop & implement AOP for Finance & Accounts in line with the Business Plans.

- Supports various financial forecasting efforts for mid-month, monthly, quarterly and annual requirements. Perform periodic financial analysis (weekly, mid-month, monthly, quarterly, etc) for the thermal power plants operating expenses, capital expenditures and revenues, and support monthly and annual financial closing process.

- Provides capital accounting support for the plant A&F, including the closeout and unitization of capital projects.

- Provides accounting and financial guidance by properly applying GAAP, FERC and Sarbanes-Oxley guidelines.

- Establishes financial records systems in accordance with generally accepted auditing standards and accounting principles.

- Directs the preparation of all financial reports, including income statements, balance sheets, reports to shareholders, tax returns, and reports for government regulatory agencies.

- Reviews reports to analyze projections of sales and profit against actual figures, budgeted expenses against final totals, and suggests methods of improving the planning process as appropriate.

- Analyses company operations to pinpoint opportunities and areas that need to be reorganized, downsized, or eliminated.

- Reconciles or supervises reconciliation of budget file to fund balances of annual report.

- Compliance to all statutory requirements like Service Tax, Income tax, WCT etc.

- Preparation of financial statement in compliance with Accounting standards and Companies Act.

Operational:

- Oversees the finance and accounting functions, including auditing, payroll, accounts payable.

- Facilitates the prioritization of planned Operational and Capital expenditures and maximize the recovery of cost through the regulatory process.

- Coordinates with corporate and central business functions to facilitate Operational and Capital spending plans in alignment with corporate strategy.

- Facilitates for IT enabled (SAP) Capital resource allocation in alignment with corporate strategy, financial constraints and the regulatory plan.

- Oversees the approval and processing of revenue, expenditure and position control documents, department budgets, mass salary updates, and the maintenance of accounts and ledgers, ensuring compliance with appropriate government/University regulations and policies, and ensuring maintenance of appropriate internal control safeguards.

- Coordinates schedule between external auditors and internal staff assignments; responds to audit management letters; conducts cash audits if required.

- Compliance and improvement of system and process in SAP.

- Establishes and maintains internal audit procedures.

Customer:

- Establish & Maintain effective strategic relationships with key stakeholders, vendors, Customers, Partners, Government Officials, Bureaucrats and all related local/ regional regulatory/ statutory government authorities

- Maintain high level of customer care and satisfaction in line with organizational objectives and achieve the target client rating.

People:

- Responsible for Talent job rotation, development, succession planning & leadership development across various plants.

- Responsible for fostering team culture in line with the Organizational values and maintain a team spirit within groups.

- Nurture talent and foster meritocracy to achieve high levels of Performance, productivity and employee engagement.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.