[Urgent] Lead Project Finance

19 hours ago


Vadodara, India Deepak Group Co Full time

Job Title: Lead Projects Accounts & Finance

Location: Corporate Office, Vadodara

Reporting To: CFO

About the Role

We are seeking a highly skilled professional to lead Capex Planning, Controls, and Commercial Oversight for our large-scale projects. The role demands strong financial acumen, cross-functional coordination, and hands-on experience in managing petrochemical or large industrial projects. The incumbent will play a critical role in ensuring financial discipline, transparent reporting, and effective risk/commercial management across the project lifecycle.

Key Responsibilities

1. Capex Planning & Control

- Prepare and monitor project budgets vs. approved Capex.
- Track commitments, payments, and forecasted cash flows.
- Ensure alignment with financing plans and availability of funds.
- Monitor deviations and provide early alerts to management.

2. Commercial & Contract Support

- Partner with procurement/contract teams to evaluate commercial/financial terms.
- Validate cost impacts of scope changes, variations, and claims.
- Support negotiations with contractors/suppliers with financial impact analysis.
- Ensure contracts safeguard owner’s interests (payment terms, LDs, escalation clauses, etc.).

3. Cost Visibility & Reporting

- Maintain transparent dashboards for management visibility.
- Track committed vs. actual vs. forecast costs across all packages.
- Highlight cost overrun risks and potential savings opportunities.
- Present monthly Capex utilization and cash flow forecasts.

4. Timely Payment & Fund Flow Management

- Coordinate with finance/accounts for milestone-based disbursements.
- Ensure compliance with payment terms and avoid penalties.
- Monitor vendor invoices, certification, and payment cycles.

5. Risk & Compliance Oversight

- Ensure adherence to internal Delegation of Authority (DOA).
- Track project insurance, guarantees, and tax implications.
- Monitor forex exposure and financing covenants (if funded by lenders).

6. Decision Support

- Provide scenario analysis for change orders, delays, or alternate procurement options.
- Highlight cost-benefits of engineering/technical changes.
- Support management in balancing Capex with lifecycle costs.

Skills & Attributes

- Strong understanding of Capex project lifecycles (EPC – Engineering, Procurement, Construction).
- Sound knowledge of contracts & commercial terms.
- Strong analytical, forecasting, and risk assessment skills.
- Ability to coordinate across project, engineering, procurement, finance, and treasury teams.
- Proactive in providing early warnings on overruns or cash flow mismatches.
- Strong reporting and presentation skills at senior management level.

Education & Experience

- Education: MBA with BE (preferred) or B. Com
- Experience: 15+ years of experience
- Prior experience in petrochemical or large-scale industrial projects.
- Proven track record in Capex control, commercial management, and dispute resolution.

Interfaces: SCM, Project Managers, Process Engineers, Treasury, Accounts


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