TL Finance- Project accounting and Control

4 days ago

Chennai, Tamil Nadu, India Symbiosis Management Consultants Full time ₹ 15,00,000 - ₹ 25,00,000 per year

ONLY COMPLETELY QUALIFIED CA / CMA (CWA) SHOULD APPLY

Role & responsibilities

Finance, Accounts and Commercial resource, performing F&A and commercial processes related to the project so as to ensure.

a) Project cost control

b) Effective commercial evaluation including negotiations and taxation

c) Accurate Capitalisation in post commissioning

Commercial process

a) Scrutiny of Indents raised by the project technical team and ensure that the indents raised are well within the Budgeted costs and are supported with all the necessary documents justifying the procurement of the item/service mentioned

b) Finalization of commercial and other related terms in consultation with Project Manager and Finance Controller including tracking of Bank Guarantees / Letters of Credit and other performance guarantees.

c) Advising the Project Management team on various taxation aspects especially indirect taxes and tax optimization.

d) Preparation of projected cash flows based on the Purchase Orders placed and schedule of receipt of material/services

e) Weekly review of the purchase orders placed and material to be received.

f) Review , scrutiny and finalization of commercial contracts issued to project vendors

Finance, Accounts and Reporting process:

a) Ensure and manage project finance

b) Manage and Control project capital creditors.

c) Project budget and Cost Commitment Control.

d) Monthly reports and review of : Cash flows, Civil Costs, Equipment Costs and project overheads

e) Capitalization of the Project and Fixed Assets Register under Indian GAAP and IFRS

f) Group capex reports

g) Audit co-ordination

h) Ensure effective coordination with the Project Technical Team and Project Commercial Team

i) Ensure compliances are met at site

QUALIFICATIONS / EXPERIENCE REQUIRED:

8 - 10 years of relevant experience in Plant function of large manufacturing organization with a turnover of more than 500 Crores. Experience in process industries preferred.

Degree from good academic institute - CA/CMA

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