Specialist - Project Finance

Job Description Job Description Form Job Role : Specialist Projects Finance Department: Operations - Finance Location: Mumbai Reports To : Operations Finance Head and Projects Head Key Stakeholders : Projects team, Finance Team and Plant Team, YRC Delegates, IT, Vendors 1. Job Purpose Statement: Projects Finance Specialist is responsible for the financial planning, analysis, and reporting for manufacturing projects, ensuring adherence to financial goals, identifying areas of improvement, and driving process efficiencies. The Global Projects Finance Lead will collaborate with cross-functional teams, including project managers, operations, and senior leadership, to optimize project financial performance and support strategic decision-making. 2. Duties & Responsibilities : - Financial Planning and Analysis: - Develop and maintain financial models and forecasts for manufacturing projects, considering various scenarios and sensitivity analyses. - Conduct cost analysis, identify cost drivers, and provide insights into project profitability and financial performance. - Monitor project budgets, expenses, and cash flow to ensure alignment with financial objectives. - Prepare regular reports and presentations to communicate project financial status and key performance indicators to stakeholders . - Budgeting and Forecasting: - Collaborate with project managers and operational teams to develop project budgets and financial forecasts. - Review and analyze budget vs. actual results, identify variances, and provide recommendations for cost optimization. - Support the annual budgeting process by providing financial insights and guidance related to manufacturing projects. - Opex Budget Coordination with all Plants - Financial Risk Management: - Identify financial risks and opportunities associated with manufacturing projects and develop mitigation strategies. - Assess the financial impact of project-related risks and propose risk management measures. - Monitor compliance with financial policies, procedures, and regulatory requirements. - Process Improvement: - Continuously evaluate and improve financial processes and systems related to manufacturing projects. - Streamline financial reporting, analysis, and data collection processes to enhance efficiency and accuracy. - Collaborate with cross-functional teams to implement best practices and standardized procedures. - Strategic Decision Support: - Provide financial insights and recommendations to support strategic decision-making for manufacturing projects. - Conduct financial feasibility studies and business cases for potential projects, considering investment returns, payback periods, and risk assessment. - Collaborate with senior leadership to evaluate investment opportunities, assess capital allocation, and prioritize projects. 3.Key Result Areas : - Budgeting and controlling of all Projects India and International - Ensuring compliance and statutory requirements are met - Providing information / data to YRC on need basis for all projects - Ensuring ROI of project proposals with budgeted outcomes - Lead Cost Saving Projects Power Fuel and Others 4.Educational Qualification : 4.1 Competencies - CA with 4+ Years of experience in a similar role 4.2 Behavioral - Proven experience in financial planning, analysis, and reporting, preferably in a manufacturing or project-based environment. - Strong understanding of project accounting principles and cost management. - Proficient in financial modeling, budgeting, and forecasting techniques. - Excellent analytical and problem-solving skills with a keen attention to detail. - Advanced proficiency in Microsoft Excel and financial software applications. - Strong interpersonal and communication skills to collaborate effectively with cross-functional teams. - Ability to work in a fast-paced environment, manage multiple priorities, and meet deadlines. - Knowledge of manufacturing processes, supply chain management, and cost drivers is a plus. - Familiarity with ERP systems and project management tools is advantageous. - Interpersonal Skills - Proactive - Result orientation - Detail orientation 4.3 Work Experience - 4+ years experience in similar assignment with a Manufacturing company. 4.4 Functional - Financial Planning and Analysis - Financial Modelling - Budgeting and forecasting - Risk Management