Lead BU Cost Controller

Job Description

Dear Candidate,Greetings from Live Connections!!Job PurposeSupport the Head F&A in areas related to projects budgeting & cost analysis, cash forecasting, a/c payables & receivables management and other related process controlsPrimary ResponsibilitiesProcess & 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 3 to 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 companys 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 initiativesKey InterfacesInternal Interfaces

• EPC, O&M Vertical Heads
• Project Managers, Planning Coordinator
• Site Accountant(s)
• Supply Chain, HR, IT verticals

External Interfaces

• Project Clients
• Statutory authorities
• Banking representatives
• Auditors (Statutory, Internal)
• Consultants

Role Requirements / SpecificationsDesired Qualifications :CA/ ICWADesired Experience :4 - 7 years of industry experience in finance & accounts in EPC sectorKnowledge & 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

Interested candidate can apply topriyap@livecjobs.com

Keyskills :
cost controlaccountingfinanceaccounts payableaccounts receivablecost analysis