Project Finance Control Manager

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.