Job Purpose:
Manage end-to-end project Finance Management for the projects with North Star to ensure timely completion of the Book Closures, adhering to defined standards of cost and quality. Drive operational efficiency and cost savings through continuous process improvements and value engineering initiatives.The role holder will be required to scan the financial aspect of business landscape for opportunities of business expansion in the core & allied segments and drive them to conclusion and successful bidding & award of projects.The role incumbent should be adaptive to a start-up like environment and brings to fore, a strong challenger mindset with proven abilities to influence peers across the eco-system and deliver a higher quality quantity mix for efficient Project Operations.
Financial Accounting, Reporting, Compliances and Controls:
· Responsible for maintaining books of accounts for the organization, the key activities would involve month end closing, leading to P&L and BS
· Presentation of monthly financials to the Stakeholders of the organization thru Management Reporting Deck
· Set-up Accounting system and Internal Control system
· Responsible for Statutory Audit, Tax Audit, Internal Audit, HR Processes, ESI, PF etc
· Responsible for taxation review and compliance, handling notices/ demands/ litigation as well as representing organisation in front of government bodies
· Setting up and constant monitoring of basic finance processes for the organization, invoice review, employees claim reimbursement, petty cash etc.
· Participating in negotiation with vendor's along with Procurement team & business to ensure best deals for the organization so as to control the Opex for the business.
· Identify and flag risks impacting project margin, proposing corrective actions including accrual bookings and needed provisions. Also, monthly cost accruals of business for various projects.
· Responsible for preparing the detail of Revenue & Cost reports for the financial score cards & reporting
Management Reporting, Budgeting and Forecasting:
· Responsible for preparation of the AOP (annual operating plan), profit estimates and periodical forecasts.
· Produce, review and present monthly analysis of results (costs, headcount, Opex) versus budget and forecasts and have ownership of the same.
· Review & approval of various cost rationalization initiatives, reporting & tracker.
· Provide ad-hoc financial analysis to support business decisions, doing cost benchmarking across various business proposals etc.
· Review & advice on different ongoing & upcoming projects for the organization & tracking the current progress of the projects to ensure that the project is not going off-track.
· New business development, RFP / tender evaluation, business case preparation, Pricing & Margin analysis
· Respond to any queries and requests from Business Head and clients for reporting and analysis.
Treasury Management:
· Ensuring in time Funding and cash flow management
· Relationship building with Bankers & Clients to strengthen relationship for smooth business delivery