Divisional Manager- Finance

TATA STEEL UTILITIES AND INFRASTRUCTURE SERVICES; Jamshedpur; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Tata Steel Utilities and Infrastructure Services is seeking a senior finance professional to lead the preparation of annual business plans, budgets, rolling forecasts, and long-term financial plans in alignment with strategic objectives. The role emphasizes rigorous financial modeling, project viability assessments, and governance of accounting standards.

The candidate will oversee cost control, profitability benchmarks, and cash flow management while driving automation in financial reporting

Responsibilities

• Lead the preparation of Annual Business Plans, Operating Budgets, Rolling Forecasts, and Long-Term Financial Plans.
• Drive financial planning aligned with strategic business objectives and growth initiatives.
• Monitor budget utilization, variance analysis, and corrective action plans.
• Support management in investment decisions through financial modeling and scenario analysis.
• Conduct project feasibility studies, capital expenditure evaluations, and post-investment reviews.

Job description

Role & responsibilities

• Lead the preparation of Annual Business Plans, Operating Budgets, Rolling Forecasts, and Long-Term Financial Plans.


• Drive financial planning aligned with strategic business objectives and growth initiatives.


• Monitor budget utilization, variance analysis, and corrective action plans.


• Support management in investment decisions through financial modeling and scenario analysis.


• Conduct project feasibility studies, capital expenditure evaluations, and post-investment reviews.


• Evaluate project viability through project appraisal, financial due diligence, IRR, NPV, payback, and sensitivity analysis.


• Establish project budgets, cost baselines, and profitability benchmarks.


• Conduct periodic Cost-to-Complete (CTC) reviews and forecast project profitability.


• Monitor project cost overruns, change orders, and commercial risks.


• Ensure timely identification and mitigation of project financial risks impacting margins and cash flows.


• Review project revenue recognition, percentage-of-completion accounting, and project closure accounting.


• Ensure maintenance of accurate books of accounts in compliance with Ind AS, Companies Act, and applicable accounting standards.


• Lead monthly, quarterly, and annual financial closing processes within stipulated timelines.


• Prepare financial statements, management reports, and board presentations.


• Drive automation and process improvements in financial reporting.


• Establish and strengthen internal financial controls and governance frameworks.


• Ensure compliance with corporate policies, statutory regulations, and delegated authority matrices.


• Monitor financial, commercial, and operational risks with implementation of mitigation plans.


• Review contracts and commercial agreements to safeguard company interests.


• Drive process standardization and continuous improvement initiatives.


• Ensure timely compliance with GST, Income Tax, TDS, PF, ESI, and other applicable laws.


• Manage tax planning, assessments, audits, appeals, and reconciliations.


• Monitor tax exposures and ensure compliance with changing regulatory requirements.


• Liaise with statutory authorities, consultants, and auditors on taxation matters.


• Ensure closure of audit observations within agreed timelines.


• Monitor implementation of corrective and preventive actions.


• Strengthen governance and compliance through audit learnings.


• Optimize working capital through effective management of receivables, payables, inventory, and retention balances.


• Monitor Cash-to-Cash (C2C) Cycle and implement initiatives to improve liquidity and free cash flow.


• Review project cash flow forecasts and funding requirements.


• Ensure timely billing, certification, and collection from customers.


• Monitor customer outstanding, ageing analysis, and collection efficiency.


• Review contractual claims, variations, escalation recoveries, and retention receivables.


• Drive reduction in overdue debtors and improvement in DSO (Days Sales Outstanding).


• Develop and present MIS dashboards covering profitability, working capital, project performance, and key financial metrics.


• Analyze project-wise, customer-wise, and business-unit-wise profitability.


• Identify opportunities for cost optimization, value enhancement, and margin improvement.


• Support management decision-making through actionable business insights


• Develop and present MIS dashboards covering profitability, working capital, project performance, and key financial metrics.


• Analyze project-wise, customer-wise, and business-unit-wise profitability.


• Identify opportunities for cost optimization, value enhancement, and margin improvement.


• Support management decision-making through actionable business insights


• Lead, mentor, and develop the Finance & Accounts team.


• Build a high-performance culture through capability development and succession planning.


• Partner with business, operations, procurement, project teams, and senior leadership to achieve organizational goals.


• Drive ERP optimization, digitization, and process automation initiatives (SAP/S4 HANA).