Finance Specialist - Project Control

Job Description SummaryAbout GE Power India Limited - Services
The open position is in Services value stream of GE Power India Limited (GEPIL). GEPIL is a listed entity in BSE and NSE. Services business provides offerings like parts supply, repair jobs, overhauling and retrofit of coal fired power plants in India. We have customers base across India from amongst biggest government players in energy industry like NTPC to private and state utilities. Thermal power plants are to remain a major source for power generation in next decade and GEPIL with its leading technology would play a significant role in India’s energy transition and provide reliable, sustainable, and affordable power.

Job Summary
Reporting into Serv Operation Finance organization, the candidate will be responsible for managing end to end project financials of Core portfolio - parts supply, repairs, and overhauling business.
As project finance controller, the candidate will be accountable for driving technical accounting compliance, financial & operational internal controls to deliver financial results for core portfolio.
In spirit of continuous improvement, selected candidate would be responsible to drive process simplification and automation, & operational excellence as operational finance partner to the operations and overall business.

Job Description

Roles and Responsibilities

Project Controlling

·   Measure, monitor and control financial movements within the project scope, and ensuring they are correctly and accurately reported.

·   Ensure that all Committed costs for the project are fully documented and supported by ERP and all Costs to complete are verified, understood by all stakeholders well supported by substantial evidence and documentation.

·   Manage and reconcile the project results both within the project accounts and with respect to balance sheet positions related to the project.

·   Ensure consistency of assessment of risk recognition and accounting for any risks and opportunities in the projects.

·   Monitor and forecast cash flows arising from the project, setting control environment for the cash management in order to optimize cash flow.

·   Monitor and forecast revenue and margins arising from the project, setting control environment for the revenue and margin management

·   Create and manage warranty pool for projects in core portfolio.

·   Ensure that all financial processes and internal controls, including Delegation of Authority (DoA), are implemented,

robust and compliant.

·   Drive internal and statutory audit for scope of  Core portfolio

 

Management reporting

Manage the periodical partial / consolidated project financial summaries and its presentations of the results.

Drive financial project reporting on monthly and quarterly basis for MIS and Project Business Reviews for core.

Provide management with reliable financial data to assist in the decision-making. Focus on data automation and analytics to drive this.

 

Qualifications/Requirements:

Qualified Chartered Accountant is preferred

2 years of work experience in Project, business or factory controlling.

Sound knowledge of Indian Accounting Standards & US GAAP

Working knowledge of management accounting,

Working knowledge on Internal Control system, ERP- SAP (FICO) and foreign currency hedging & forward contracts

 

Desired Characteristics:

Proactively look for process improvements

Fast learner and act swiftly; adaptability is the key in dynamic environment you will be working in.

Strong interpersonal skills and ability to drive cross functional collaboration.

Active team player and a solutionist.

Additional Information#LI-Remote - This is a remote position