Project Monitoring

3 weeks ago

Mumbai, India Riverforest Connections Full time

**Job Purpose**:

- The objective of project monitoring exercise is to (a) actively track progress in under-construction projects & track technical performance of operational projects against expected parameters (b) identify early warning signals that point to potential delays resulting into time and cost over-run (c) Enabling the bank to take appropriate corrective action well in advance to prevent or minimize losses
- **Responsibilities**

**Business Related
- Review of cost break-up of the projects and compare it with industry standards
- Review of Site section criteria, technical simulations reports, Design and engineering submitted by the developers or other agencies
- Review land purchase status & identifying risks associated with availability of land
- Review of various equipment selection criteria, BOM, vendors? lists, supply contracts, equipment inspection reports; advise PF bankers & Credit on adequacy of procurement plan with a focus on long lead items
- To oversee & monitor project execution during construction stage. Assess actual progress of various sub segments against planned work and highlight discrepancies.
- Monitor installation, testing and commissioning from the Bank?s side
- Periodical assessment of project progress, compare it with expected timeline and report at appropriate levels. To undertake site / plant visit and report project progress (for under-construction projects) or any critical issues
- Co-ordinate with EPC contractors, Site Teams of Developers and Consultants for on-time completion of project
- Review & advise on adequacy of Operation & Maintenance (O&M) arrangements
- Submit various periodical reports based on Bank?s standard operating procedure (SOP)

**People Related**
- Coordination with technical team of prospective and existing borrowers of the Bank, Lender?s Engineer and other external consultants required for project / account related matter for project monitoring
- Coordination and periodical interaction with internal stakeholders like credit team, respective business teams for account related information sharing and resolution of critical issues in the accounts

**Other Support Role**
- Adherence to all processes & protocols to ensure zero error in compliance & audit particularly in project finance related case.
- **Educational Qualifications**
- Graduation: Engineering
- 7-12 years of relevant experience, with depth of technical matters related to projects in Power sector with a focus on renewables (solar) transmission etc.
- **Key Skills**
- Technical analysis of various components of projects in energy sectors viz. thermal, renewable, transmission, city gas distribution.
- Proficiency in various engineering and industry standards
- Keen eye for detail and understanding of risks factors from technical view point
- Good communication skills (verbal & written)

**Experience Required**
Work Experience: (a) Corporates / Project developers in Energy sector (b) Advisory Services related to Infrastructure domain
- **Skills Required**:
Project Finance;Project Monitoring;Project Management;Project Manager

**Location**

Mumbai

**Years Of Experience**

7 to 12 Years

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