Finance Controller_RSAT

Praj Industries Ltd.; Pune District; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Darwinbox Digital Solutions Pvt. Ltd. in Pune, India invites applications for the Finance Controller RSAT role.

The candidate will provide proactive accounting, commercial and legal advice and oversee contract drafting with BU heads. Partnership with BU Head on financial matters is essential. The role includes monitoring cash flow, working capital, variances in budgets, and ensuring timely closure of accounts across projects, with close collaboration with CFO, legal, and insurance teams.

Responsibilities

• Analysing monthly accounts Balance Sheet and P&L, cash flow of BU against budgets and suggest corrective actions in consultation with CFO
• Assist BU Head in achieving monthly/quarterly/annual budget
• Assist BU Head in understanding variances between monthly budgets and actuals
• Monitor bank guarantees including EMDs and their timely release
• Control working capital: receivables management, DSO, recovery of sticky receivables, coordinate with legal for recovery cases, monitor BU inventory
• Assist proposal team in costing of various jobs for bidding
• Monitor and analyse projects from bid profitability to realised profitability
• Monitor cash flow cycle for projects
• Prepare Annual Budget for BU
• Work with accounts team for timely closure of accounts and cost to completion statements
• Issue letters of credit and bank guarantees for projects with finance team
• Coordinate with insurance team to insure projects and manage insurance claims
• Coordinate with internal audit teams for project audits and closure of audit queries
• Collaborate with Legal & Commercial team for early closure of contracts post winning bids

Job description

International, International, Pune, Maharashtra, India

8 - 10 Years

Regular

Job Description

Designation: Finance Controller_RSAT (1000_RESC_RSAT_FIN_FINCTRL)

Office Location:

Position description:

Provide proactive and pragmatic advice to businesses on aacounting, commercial and legal matters. Oversee provision of legally correct, umbiguious contract drafts to all of BUs Legal and Commercial clauses. Partnering with the BU Head in giving inputs on fincial matters related to BU.

Primary Responsibilities:

• Alyzing monthly accounts Balance Sheet and P&L Account, Cash Flow of BU against the budgets and suggest corrective actios to BU Head in consultation with CFO
• Assisting BU Head in achieving the monthlyquarterlyAnnual budget.
• Assisting BU Head in understanding variances in monthly budgets and actual numbers achieved
• Continuously monitoring various bank guarantees including EMDs issued and their timely release.
• Controlling the working capital: Receivables magement, controlling DSO, recovery of sticky receivables, coorditing with legal department for filing legal cases for recovery. Monitoring and controlling BU inventory.
• Helping the proposal team in costing of various jobs for bidding.
• Monitoring and alyzing projects from the stage of bid profitability, post engineering profitability, actual profitability and realized profitability.
• Monitoring and assisting BU head in controlling the overheads.
• Monitoring the cash flow cycle for the projects.
• Preparation of Annual Budget for the BU.

Additional Responsibilities:

• Working closely with accounts team for timely closure of accounts by following up with projects for submission relevant details contractors billsregularly submitting the cost to completion statements for all projects
• Working with fince team in issuance of letter of credits and bank guarantees for the projects
• Working with insurance team for ensuring that all projects are properly insured and all the insurance claim related papers are organized on timely manner for settlement of claims.
• Working with interl audit teams in coorditing with projects for audits, arranging for closure of interl auditors queries and post interl audit, following up for taking the necessary actions against the points raised by the interl audits.
• Working with Legal & Commercial team for early closure of contracts filization after winning the contractsbids.

Reporting Team

• Reporting Designation:
• Reporting Department:
• Category:
• Field specialization:
• Degree:
• Academic score:
• Institution tier:

Required Certification/s:

Required Training/s:

Required work experience

• Role:
• Years of experience: to

Key Performance Indicators:

Required Knowledge:

Required Skills:

Required abilities

• Physical:
• Other:

Specific requirements

• Travel:
• Vehicle:
• Pay Rate:
• Contract Types:
• Time Constraints:
• Compliance Related:
• Union Affiliation:

Job Snapshot

Updated Date

21-11-2023

Function

RSAT

Location

Location International, International, Pune, Maharashtra, India