Financial Management Specialist

2 weeks ago


Chennai, Tamil Nadu, India T&M Services Consulting Pvt Ltd Full time

About T&M Services Consulting Pvt Ltd


T&M Services Consulting Pvt Ltd is a reputable consulting firm seeking a highly skilled Financial Management Specialist to join our team in Tamil Nadu.


Job Summary:



  • We are looking for an experienced Financial Management Specialist to support the implementation of financial management practices and ensure adherence to project guidelines, procedures, and norms.

About the Role:


The successful candidate will be responsible for ensuring effective internal controls, timely preparation of financial reports, and liaison with auditors. Additionally, they will support the project in implementing sound financial management practices as per the guidelines prescribed by the department and World Bank.


Responsibilities:



  • Ensure adherence to financial and accounting policies and procedures for the project.
  • Implement an effective system of internal controls for approval of project activities, procurement, and payments.
  • Prepare and submit timely financial reports to the Competent authorities in the State Government and World Bank on a monthly, quarterly basis, and annual project financial statements.
  • Liaise effectively with auditors to ensure timely project audit of project financial statements.
  • Monitor the financial system followed at District/Sub-Division/Block offices of the Department and other nodal departments/agencies involved in project execution.
  • Prepare and update project cost tables.
  • Prepare annual work plans and budget estimates and monitor timely allotment and transfer of funds to the District/Sub-Division/Block offices of the Department and other nodal departments/agencies involved in project execution.
  • Assist in regular monitoring of budget utilization, DDO, and AG (A&E) reconciliation.
  • Support in obtaining expenditure statements from districts, Sub-divisions/Block offices, and other nodal departments/agencies involved in project execution.
  • Assist in preparing project progress reports and compiling financial reports for approval by the department.
  • Support in submitting financial reports to CAAA office in GoI to obtain World Bank disbursement.
  • Liaise with CAAA office and World Bank for disbursement and reconciliation of claims admitted and disbursed.
  • Prepare annual financial statements as per formats agreed with the department and World Bank.
  • Facilitate the project in the audit process and obtain audit report and effective compliance/resolution of audit paras.
  • Liaise with GoTN Treasury, State AG, CAAA, project staff, consultants, World Bank, as required on FM matters.
  • Facilitate the project in drafting letters and correspondences on FM issues.
  • Participate in project and World Bank meetings to discuss FM issues.

Requirements:



  • Intermediate CA or ICWA or MBA (Finance)
  • At least 8 years of post-qualification experience preferably in World Bank/International projects in a city of size and complexity comparable to Chennai.

What We Offer:


The selected candidate can expect a competitive salary up to ₹1,25,000/- per month. The role also offers opportunities for professional growth and development in a dynamic and challenging environment.


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