Financial Controller

Tata Power Company; Khordha; On-site; INR 2,800,000 - 4,200,000; Full time

Job summary

TP Central Odisha Distribution Limited in Bhubaneswar, Odisha seeks an experienced senior finance professional to lead financial control, reporting, budgeting and treasury functions.

Responsibilities include monthly close, MIS, ABP/AOP, tax compliance, SAP capitalization, revenue accounting, and risk management; you will mentor the finance team and collaborate with other departments to drive value.

Qualifications

• Accounting standards knowledge (IND AS/IFRS).
• Deep corporate taxation understanding (GST, TDS, IT).
• FP&A including budgeting and forecasting.
• Experience with SAP financial modules and capitalization.
• Audits—statutory and internal, risk controls.
• Treasury, debt management and cash forecasting.
• Financial modelling and scenario analysis.
• KPI-based data interpretation for decisions.
• Process improvement via Lean or Six Sigma basics.

Responsibilities

• Closing of accounts monthly/quarterly and MIS release.
• Prepare ABP/AOP for TPWODL budget uploads.
• Tax compliances and timely tax return filings.
• Capitalization in SAP as cap notes arrive.
• Revenue accounting and CIS integration provisioning.
• Learning and growth: employee engagement and knowledge sharing.
• Building a safe organisation with safety compliance.
• CSR, climate change and sustainability process oversight.

Skills

IND AS / IFRS accounting standards

Corporate Taxation

FP&A

SAP ERP

Audit Management

Treasury Management

Financial Modelling

Risk Assessment

KPI-driven decision making

Process Improvement

Education

CA / CMA

Tools

SAP

Job description

About Organisation

Tata Power runs four electricity distribution companies (Discoms) in Odisha through a public-private partnership with the state government. Formed as 51:49 joint ventures between Tata Power and the Government of Odisha, these utilities supply reliable power to nearly 10 million consumers across the state.

The Four Odisha Discoms

• TPCODL (TP Central Odisha Distribution Limited)
• TPNODL (TP Northern Odisha Distribution Limited)
• TPSODL (TP Southern Odisha Distribution Limited)
• TPWODL (TP Western Odisha Distribution Limited)

This Position will be based at TP Central Odisha Distribution Limited, Bhubaneswar, Odisha

Job Purpose

Financial Management & Reporting: Preparing financial statements, monitoring financial performance & reporting key metrics to management and Managing budgeting and forecasting processes

Compliance & Risk Management: Ensuring adherence to financial regulations, tax laws, and internal policies, managing audits (internal and external) and Identifying and mitigating financial risks

Cost Control & Efficiency: Implementing cost-saving initiatives, monitoring operational expenses & profitability and Optimizing financial processes to improve efficiency Cash

Flow & Treasury Management: Managing cash flow to ensure liquidity, ensuring optimal working capital levels and Overseeing investments and debt management Strategic.

Financial Planning: Supporting business growth strategies with financial insights and Conducting financial analysis for decision-making.

Leadership & Team Management: Leading the finance team & ensuring their development and Coordinating with other departments for financial planning & control.

KEY RESPONSIBILITIES OF THE ROLE

Closing of accounts and release of MIS and guidance:

• Monthly/Quarterly Closure of Accounts
• Release of Flash Report/Monthly Financials
• Release of monthly MIS ABP/AOP and Budget Control:
• Prepare the ABP/AOP for the TPWODL Budget upload in system and monitoring

Tax Compliances: Timely payment of all taxes and return filling

Capitalization: Proper capitalization in SAP system as cap note received form Divisions/Departments

Revenue Accounting Processes: Streamline the CIS integration & ECL Provisioning

Learning and Growth:

Employees Engagement Actions Compliances

Knowledge sharing session

Building a safe organization: Ensuring all Safety Compliance and guidelines Business

Processes perspective: CSR, Climate Change, and Sustainability

Educational Qualifications: CA / CMA

Experience: 15 to 25 years

Knowledge & Skills :

Accounting Standards (IND AS / IFRS): Deep understanding of financial reporting standards.

Corporate Taxation: Practical knowledge of Indian tax laws (GST, TDS, Income Tax).

Financial Planning & Analysis (FP&A): Budgeting, forecasting, variance analysis.

ERP Systems (SAP): Proficiency in financial modules and capitalization processes.

Audit Management: Experience in handling statutory and internal audits.

Treasury Management: Working capital, debt management, cash forecasting.

Financial modelling and scenario analysis.

Risk assessment and mitigation planning.

Business acumen and commercial understanding.

Data interpretation and KPI-driven decision-making.

Process improvement methodologies (e.g., Six Sigma basics, Lean thinking).