Project Financial Manager

2 weeks ago

Bellary, Karnataka, India beBeeFinancial Full time ₹ 1,50,00,000 - ₹ 2,00,00,000

Job Overview

Project Financial Manager

This role is responsible for developing and managing project budgets, financial plans, and forecasts to optimize cash flow, revenue, and gross margin contribution. Key responsibilities include:

  • Manage project invoicing, tax matters, bonds, guarantees, and financial accounting.
  • Collaborate with the Central Cost Controller and Project Manager to ensure timely implementation of required mitigation actions.
  • Participate in identifying opportunities and risks, driving and coordinating monthly project reviews jointly with the PM/Central Controller/PSCM.
  • Review and share joint responsibility for all financial aspects of the project, including estimate at completion, cost-to-complete, forecasted revenues and cash flow, risk assessment, and alignment with other functions.
  • Promote commercial awareness within the project team and provide commercial input to the project execution plan.
  • Liaise with clients for invoice approval, payments, and compliance-related forms.
  • Maintain an updated billing register capturing billings, approval status, payments, deductions, and follow-ups to collect amounts deducted.
  • Monitor and control site expenses, reporting weekly project expenses in a specified format and reconciling SAP entries with invoices.
  • Analyze actual vs. budget costs and revenue on the project, highlighting potential issues to the controller manager and project managers.
  • Coordinate project actualisation activities at HO-defined frequency, gathering required data from the project team, preparing finance-related slides for actua presentation, and uploading actua in SAP post-approval.
  • Review Kappa against budgeted costs and highlight cases where costs exceed the budget, attaching adequate documents with the Kappa.
  • Share project slides for the monthly business review according to the timeline defined by the project team, keeping the controller manager informed.
  • Conduct comprehensive checks on provisions to ensure they are accurate, complete, and in line with accounting rules and HO instructions.
  • Perform monthly cash verification and surprise verification at least once a month, reporting results to the HO team.
  • Lead and supervise compliance with Internal Financial Controls (IFC) as defined by HO in the Risk and Control Matrix (RCM).
  • Monitor ABG, PBG, and other guarantees, insurances to ensure timely renewal and reduction according to contractual conditions.
  • Comply with tax regulations.
  • Provide necessary support to the execution team and become a core finance support for all finance-related matters on site, anticipating issues and taking proactive actions to resolve them.

About You

We're looking for a highly skilled project financial manager to join our team. To be successful in this role, you'll need excellent communication skills, strong analytical abilities, and experience working in project finance.

Around Here

In addition to your compensation package, you'll have access to a range of benefits, including professional development opportunities, flexible working arrangements, and a positive work-life balance.

Feel free to reach out

Applicants must meet the minimum qualifications listed below:

  • Bachelor's degree in finance or accounting
  • Proven track record in project finance management
  • Strong analytical and problem-solving skills
  • Excellent communication and interpersonal skills
  • Ability to work in a fast-paced environment

Thanks for your interest

We appreciate your interest in this opportunity, but unfortunately, we can't respond to every application individually. We wish you the best of luck in your job search.

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