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Project Finance Control Manager

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Location: New Delhi, Delhi, India
Job ID: R0015887
Date Posted: Apr 8, 2023
Segment: Others (Including Headquarters and R&D )
Business Unit: Hitachi Regional Headquarters
Company Name: Hitachi India Pvt, Ltd.
Profession (Job Category): Other
Job Type (Experience Level): Experienced
Job Schedule: Full time
Remote: No

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Description

Project Control Finance Manager
Grade: Manager
Location: New Delhi
Company: Hitachi India Limited (Railway System Business Division)
Salary Range: As per the industry


Company Overview:

Hitachi India Pvt. Ltd. (HIL) markets and sells a wide range of products/services ranging from Information & Telecommunications Systems, Digital Solutions & Services, Infrastructure Systems, Industrial Systems like Water, Oil & Gas supply and management to Transportation and Urban Development Systems. Together with further localization, Hitachi aims to contribute to developing a sustainable society in India as well as contributing to the country's economic growth.


Job Purpose:

  • To provide a comprehensive Project Accounting and cost control services on the running projects and any upcoming projects.

  • To ensure robust financial systems are in place and are serviced throughout the lifecycle of the project.

  • To provide an effective reporting link between the Project team and the Corporate Finance Department

  • To deliver a highly professional service to all stakeholders.

Job Roles & Responsibilities:

1. Project Finance Controlling

  • Project wise Cost & Profitability analysis, Project activities analysis.

  • Analysis of work packages of different projects with PMs, ensure that the project

  • Finance Situation is sincere and accurate Analysis/Review of Project Status (Revenue, Cost, Margin, Cash flow) periodically.

  • Challenge the Estimate to Complete in order to maximize the Project Margin.

  • Participation in VO (Variation Order) and EOT claim evaluation.

  • Participate in Risk Review meeting and update the risk register and cost accordingly.

  • Prepare the Project Review (Monthly & Quarterly) data

  • Periodical meeting with PMs for project assessment, re-estimation

  • Preparation of annual budget and forecast within time schedule and regular variance analysis of Budget/Forecast for the project.

  • Analysis of KPIs (Revenue, Margin, Cash and cost -Proj.)

  • Work closely with Project Managers to create comprehensive financial plans and track progress as the project advances

  • Formulate and set up system to manage cash flows during project implementation.

2. Cost Management

  • Ensure costs are correctly allocated to Project costs

  • Control and reconcile designated balance sheet accounts and project codes.Manage the direct costs and overheads associated with the Project Team including staff costs

3. Reporting

  • Daily/Monthly Accounting activities and MIS to HO (Head Office, AD).

  • Management of Accounts Payable (From Vendor invoice accounting to payment process).

  • Approve the payments in Bank Portal after getting due approvals from PM and HO.

  • Cash flow management: Monthly/Yearly forecasting of Cash Flow

  • Accurate projection of cash inflow and outflow for the project.

  • Compliance of accounting/reporting in line with monthly and yearly group reporting calendar.

  • Manage all audits both internal and external auditor (Stat. audit, GST audit,

  • Liaising with tax consultants and Manage taxes- Indirect, and Direct Taxes Monthly & Yearly closing and Finalization of Financials.

3. Advice and Support to Projects teams and Corporate Finance:

  • Supporting the Projects Head, Finance head and Corporate Services in effective monitoring of various projects under implementation.

  • Assisting Corporate Finance with the preparation of financial reports

  • Ensuring Projects perform against budget by providing financial and monitoring reports, analyzing variances and addressing potential problems with budget holders

  • Providing advice, support and training on financial issues to the Projects team

Work Relations:

1. Internal Relations:

  • Relationship building skills and ability to manage

  • Relationships with key clients or stakeholders across the
    organization

2. External Relations:

  • Take Part in Commercial Negotiations with customer, contractors, consultants etc

  • Dealing with Auditors , Compliance authorities etc

Educational Qualification: CA/ ICWA (CMA)

Experience: 9-15 Years

Technical & Functional Requirements:

1.Accounting/ Project Controlling

  • Previous experience of Project controlling for EPC/LSTK projects

  • Extensive experience of computerised accounting systems – SAP, ERP etc including report writing Analytical Skills

  • Experience of managing preparation of monthly management reports and delivery of analysis

  • Strong spreadsheet manipulation skills and advanced Excel work

  • A meticulous and methodical approach

  • Ability to identify and create improvements in reporting in line with project needs

2. Project Management Skills

  • Good track record in delivering accurate, high quality work and reports to deadlines and to required standards

  • Strong report preparation and writing skills

  • Strong project management and administrative skills

  • Consistent performance under pressure

Behavioral Skills:

  • Flexible approach to work, willing to play a full role in ensuring the success of the team

  • Solutions focused with a can-do attitude.

  • Good communicator

  • High standard of written and verbal English

  • Effective team Worker.

  • Proficient in the use of modern business technologies.

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