Capex Finance

Position Summary:

The Senior Manager - Capex Project Finance is responsible for overseeing the financial planning, analysis, and management of capital expenditure (Capex) projects within the organization. This role involves budgeting, financial reporting, cost management, and ensuring the efficient allocation and utilization of financial resources to support the company’s strategic objectives. The Senior Manager will work closely with project management, engineering, and executive teams to ensure the successful financial execution of Capex projects.

Job Location: Tirunelveli Nearby location

Qualification: M.COM/ MBA/ CMA/ CA

About the Company: Solar based Industry

Industry prefer: Any Manufacturing/ Process Industry

If you have experience in Capex Finance means, Please share your updated resume to vigni@liveconnections.in

Key Responsibilities:

1. Financial Planning and Analysis:

• Develop comprehensive financial plans and budgets for Capex projects.
• Conduct financial analysis and modeling to support Capex planning and decision-making.
• Prepare and present financial reports, including variance analysis and forecasts, to senior management.

2. Budget Management:

• Establish and manage Capex budgets, ensuring expenditures align with project goals and financial constraints.
• Monitor and control project expenditures to avoid cost overruns and ensure financial efficiency.
• Implement and maintain cost control measures and processes.

3. Financial Reporting:

• Prepare and present regular financial reports to senior management, highlighting key financial metrics, risks, and opportunities.
• Ensure accurate and timely reporting of financial performance against the project budget.
• Provide insights and recommendations based on financial data to support strategic decisions.

4. Cost Management:

• Develop and implement strategies for cost reduction and optimization in Capex projects.
• Monitor and analyze project costs to identify trends, variances, and areas for improvement.
• Work closely with procurement, engineering, and project management teams to ensure cost-effective sourcing and expenditure.

5. Capital Allocation:

• Oversee the allocation of capital resources to ensure optimal utilization and alignment with project priorities.
• Evaluate investment proposals and business cases for Capex projects.
• Ensure compliance with internal policies and financial regulations in capital allocation decisions.

6. Risk Management:

• Identify and assess financial risks associated with Capex projects and develop mitigation strategies.
• Ensure compliance with financial regulations, company policies, and accounting standards.
• Conduct regular financial audits and reviews to ensure the integrity and accuracy of financial records.

7. Stakeholder Collaboration:

• Collaborate with project managers, engineering teams, and other departments to ensure alignment of financial plans with project requirements.
• Act as the financial point of contact for external stakeholders, including auditors, investors, and regulatory authorities.
• Facilitate effective communication and collaboration among all project stakeholders.

8. Process Optimization and Improvement:

• Continuously evaluate and improve financial processes and systems to enhance efficiency and effectiveness.
• Implement best practices in financial management and Capex accounting.
• Ensure accurate and timely documentation of all financial activities related to Capex projects.

9. Team Leadership and Development:

• Lead and manage the finance team responsible for Capex projects, providing guidance, training, and mentorship.
• Set performance objectives and conduct regular reviews to ensure team members meet their goals.
• Foster a collaborative and high-performance culture within the team.

Qualifications:

Education and Experience:

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field (Master’s degree or professional certification such as CPA/CMA preferred).
• Extensive experience in financial management and Capex accounting, preferably in the renewable energy or manufacturing sector.
• Proven track record of managing the financial aspects of large-scale Capex projects.

Skills and Competencies:

• Strong financial planning and analysis skills.
• Excellent budget management and cost control abilities.
• In-depth knowledge of Capex accounting and financial reporting standards.
• Effective communication and interpersonal skills.
• Strong analytical and problem-solving skills.
• Proficiency in financial management software and tools.
• Ability to work collaboratively with cross-functional teams and senior executives.

Key Performance Indicators (KPIs):

• Accuracy and timeliness of financial planning and reporting for Capex projects.
• Effective management of Capex budgets and control of project costs.
• Achievement of cost reduction and optimization targets.
• Compliance with financial regulations and company policies.
• High performance and satisfaction of the finance team.
• Successful financial execution of Capex projects, leading to the achievement of strategic objectives.