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Commercial Manager Projects Finance

2 months ago

Chennai, India MASTER MIND CONSULTANCY Full time

Position : Commercial Manager Projects
Location : Chennai
Department : Finance
Qualifications : CA/ICWA
Experience : 5 6 years

Key Responsibilities/ Accountabilities:
Key member of the Project Execution Team
Finance Accounts and Commercial resource performing F&A and commercial processes related to the project so as to ensure:
a) Project cost control
b) Effective commercial evaluation including negotiations and taxation
c) Accurate Capitalization in post commissioning

Commercial process:
a) Scrutiny of Indents raised by the project technical team and ensure that the indents raised are well within the Budgeted costs and are supported with all the necessary documents justifying the procurement of the item/service mentioned.
b) Finalization of commercial and other related terms in consultation with Project Manager and

Finance Controller
including tracking of Bank Guarantees / Letters of Credit and other performance guarantees.
c) Advising the Project Management team on various taxation aspects especially indirect taxes and tax optimization.
d) Preparation of projected cash flows based on the Purchase Orders placed and schedule of receipt of material/services.
e) Weekly review of the purchase orders placed and material to be received.
f) Review scrutiny and finalization of commercial contracts issued to project vendors

Finance Accounts and Reporting process:
a) Ensure and manage project finance
b) Manage and Control project capital creditors.
c) Project budget and Cost Commitment Control.
d) Monthly reports and review of: Cash flows Civil Costs Equipment Costs and project overheads
e) Capitalization of the Project and Fixed Assets Register under Indian GAAP and IFRS
f) Group capex reports
g) Audit coordination.
h) Ensure effective coordination with the Project Technical Team and Project Commercial Team.
i) Ensure compliances are met at site

Interested can contactOR email resume to

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