Section Lead - Business Unit/Cost Control - Manufacturing - CA/ICWA

Primary Responsibilities

Process & Financial :

- Ensure implementation of robust budget and costing systems for Fab 3 so as to provide timely, accurate and consistent inputs for management including variance analysis for key decision making

- Closely monitor unit cash flow, fund flow and finance cost at Fab 3to ensure balancing of cash flows for the organization; Escalate cash flow issues and facilitate disbursements decision making & prioritization

- Manage and account for the payables for various procurements post verification of invoice, other document and deduction of TDS wherever applicable; Ensure three way posting of a/c payables at site and entity level; Coordinate with the site accountant(s) and ensure timely clearances of vendors payments

- Ensure proper maintenance of books of account including Debtors & Creditors ledgers etc for Fab 3; Contribute towards preparation of entity level financial reports (trial balance sheets, tax returns, and reports for government regulatory agencies) through review & reconciliation of vendor/creditor reconciliations

- Ensure adherence to Fab 3 budget (Capex and Opex); Report budget variances and support corrective action taking

- Ensure adherence of the Accounts Payable functions to the preset standard operating procedures & systems

- Obtain the invoice generation requests from the projects team, validate it with the agreement/ contract & project milestones; Generate invoices and ensure timely vetting of invoices with respect to value, tax applicability before presenting it to the clients

- Implement robust invoice generation & collections tracker mechanism to ensure accurate invoicing (in adherence to the contract terms & conditions) and payments collections from the project clients

- Ensure effective debtor ageing analysis and coordinate with the Projects team, corporate finance team to dispatch reminders/late payment charges notifications/ and other relevant communications to the client

- Coordinate closely with the site accountants (s) for invoices raised by the contractors and site vendors ensure timely clearance of the same in alignment to the standard operating procedure

- Escalate any deviations in the invoices (both payables, receivables) to the Projects department Head, Head Accounts & site accountants and ensure the initiation of the necessary corrective action

- Develop and implement robust reimbursement process and ensure adherence to the preset guidelines for the reimbursement process

- Maintain accurate financial records for the Accounts Payable function and submit timely MIS reports to the Head Accounts; Provide support to the site accountants to ensure adherence to company's accounting procedures

- Handle petty cash requirements in adherence to the financial policy of at Fab 3.

- Assist the taxation division in meeting various tax related obligation measures (service tax, VAT etc) such as payment of due taxes, filing of returns, liaisoning, audit co-ordination etc at VPPPL and VP Utilities; Ensure all statutory requirements are complied with

- Drive cost saving initiatives in collaboration with operating group; Drive cost consciousness among VPPPL and VP Utilities stakeholders

- Ensure timely wage payment & statutory compliance on account of PF & ESI in co-ordination with internal-external stakeholders (HR, PF trust, govt. officials)

People

- Ensure timely goal setting, monitoring, review of performance parameters and feedback to the team members

- Ensure capability development of self and team members by actively participating and leveraging training & growth opportunities available including knowledge management initiatives

Any other additional responsibility could be assigned to the role holder from time to time as a standalone project or regular work. The same would be suitably represented in the Primary responsibilities and agreed between the incumbent and competent authority

Role Requirements / Specifications

Desired Qualifications - CA/ICWA

Desired Experience - 4 - 7 years of industry experience in finance & accounts in EPC sector

Knowledge & Skills - Knowledge of finance, accounting, budgeting and cost control principles including Generally Accepted Accounting Principles

- A thorough understanding of AP/ AR terms within the industry

- Debtors management skills

- Effective communication skills

- Understanding of EPC, O&M business context, processes etc

- Knowledge of Finance & Accounting modules of SAP

Salary offered: 10-15LPA