Assistant Manager - Finance - CAPEX

Sterlite Power; Vadodara; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Sterlite Electric seeks an Assistant Manager - Finance (CAPEX) to oversee CAPEX budgeting, governance, and capitalization across manufacturing plants. You will coordinate with plant, engineering and business teams to evaluate proposals and track spending.

The role requires CA/CMA with an MBA in Finance and 6+ years in FP&A, budgeting, and asset capitalization, ensuring compliance and robust audit support.

Qualifications

• CA or CMA, MBA – Finance or equivalent.
• 6+ years of FP&A experience.
• Experience with budgetary controls, PPT for reviews, MIS consolidation.
• Strong budgeting, capitalization, and audit support.

Responsibilities

• Support preparation of annual CAPEX budgets with plant, engineering and business teams.
• Track CAPEX utilization against budgets and timelines.
• Conduct financial evaluation of CAPEX proposals (ROI, IRR, NPV, payback).
• Review technical and commercial assumptions with engineering and SCM.
• Ensure proper accounting of capital assets per standards and policies.
• Coordinate capitalization of assets post commissioning.
• Ensure CAPEX accounting compliance and assist audits.
• Maintain CAPEX records, asset registers, and audit trails.

Skills

Budgeting

FP&A

MIS consolidation

Capital budgeting

Education

CA / CMA

MBA – Finance

Tools

PowerPoint

MIS

Job description

Position Title

Assistant Manager - Finance - CAPEX

Purpose of Role

To manage and control Capital Expenditure (CAPEX) processes across the manufacturing plant, ensuring robust financial evaluation, governance, budgeting, tracking, and compliance to support capacity expansion, modernization, and operational efficiency.

Key Accountabilities / Responsibilities

• Support preparation of annual CAPEX budgets in coordination with plant, engineering, and business teams.
• Track CAPEX utilization against approved budgets and timelines.
• Conduct financial evaluation of CAPEX proposals including ROI, IRR, NPV, and payback analysis.
• Review technical and commercial assumptions in coordination with engineering and SCM teams.
• Ensure correct accounting of capital assets in line with accounting standards and company policies.
• Coordinate timely capitalization of assets post commissioning.
• Ensure compliance with statutory requirements related to CAPEX accounting.
• Support internal, statutory, and tax audits by providing necessary documentation.
• Maintain proper CAPEX records, asset registers, and audit trails.

Critical Success Factors - Essential

• CA or CMA, MBA – Finance or equivalent.
• 6+ years of FP&A experience.
• The experience should include working on budgetary controls processes, PPT for various management review, MIS consolidation.
• Strong exposure to budgeting, capitalization, and audit support.
• Financial Planning & Analysis, Strong knowledge of financial principles & Budgeting

Competencies

• Behavioural - Impact and Influence
• Behavioural - Information Seeking
• Behavioural - Initiative
• Behavioural - Innovative Thinking
• Functional - Financial
• Functional - Operational
• Functional - People
• Functional - Strategic

About Us

Sterlite Electric is India’s leading integrated power transmission developer and solutions provider, focused on addressing complex challenges in the sector by tackling the key constraints of time, space and capital.

We believe that electricity access transforms societies and delivers long-lasting social impact. Sterlite Power is uniquely positioned to solve the toughest challenges of energy delivery.

We are guided by our core purpose of empowering humanity by addressing the toughest challenges of energy delivery. Our four core values form the pillars of our organization:

• Respect: Every one counts
• Social Impact: We work to improve lives
• Fun: “Thank God it’s Monday!”
• Innovation: A new way today

Sterlite Electric is a leading global developer of power transmission infrastructure with projects of over 10,000 circuit km and 15,000 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing.

For more details, visit: https://www.sterliteelectric.com/