Project Finance Controller

Tata Projects Limited; Sikka; On-site; INR 2,000,000 - 3,500,000; Full time

Job summary

Tata Projects Limited is seeking a seasoned Project Finance Controller to manage site-level financial controls, budgeting, billing, receivables, and cash flow for EPC projects.

You will collaborate with Project Management, Commercial, Procurement and Stores to ensure IFC compliance, GL accuracy, and timely financial insights for leadership on ongoing site initiatives.

15+ years experience and CA/CMA/MBA (Finance) or equivalent are preferred.

Qualifications

• CA / CMA / MBA (Finance) or equivalent finance qualification.
• At least 15 years of experience in Project Finance / Site Finance.
• Experience in EPC/Infrastructure/Industrial projects.
• Proficient in ERP/SAP and MS Excel.

Responsibilities

• Controllership, governance and cost control on project sites with budget monitoring.
• Handle commercial, billing and receivables, including RA bills and collections.
• Inventory and stores controls, including physical-versus-book reconciliation.

Skills

Analytical skills

MS Excel

Education

CA / CMA / MBA (Finance) or equivalent

Tools

ERP/SAP

Job description

Project Finance Controller (Site)

To Drive and Manage finance and commercial controls at the project site through effective cost monitoring, billing and receivables management, cash-flow planning, vendor controls, financial governance and compliance, while providing timely financial insights to the project leadership.

Key Responsibilities:

1. Controllership, Governance & Cost Control

• Monitor project Budget vs. CTC and identify financial deviations.
• Analyse UBR, including categorisation and liquidation plans.
• Review IDC, overheads and P&M/resource costs.
• Ensure appropriate GL classification, documentation and approvals.
• Support internal and statutory audits and adherence to Internal Financial Controls (IFC).
• Identify financial risks and process/control gaps.
• Review POs in line with applicable DOA and support review of high-value purchase orders.

2. Commercial, Billing & Receivables

• Review and validate customer RA bills for certification and support effective management of billing cycles.
• Track physical progress against billing and highlight potential missed billing opportunities.
• Monitor billing and collection, UBR, trade receivables and retention.
• Verify customer credit/debit notes.
• Track variation and escalation claims.
• Maintain and reconcile project control cards.

3. Inventory & Stores Controls

• Monitor physical-versus-book reconciliation of materials, including contractor/subcontractor materials.
• Review slow-moving/obsolete inventory and monitor material wastage and leakages.

4. Vendor & Contractor Financial Management

• Support verification and processing of contractor/vendor RA bills.
• Validate work certification, contractual requirements and applicable deductions such as retention, advance adjustment, TDS, GST and penalties.
• Review vendor ageing, open purchase orders, advances and GR/IR.
• Verify vendor credit/debit notes and payment-related liabilities.

5. Cash Flow & Working Capital

• Prepare and monitor site-level cash-flow forecasts.
• Support allocation of funds against due payments.
• Manage/monitor site petty cash and imprest requirements.
• Drive visibility on receivables, retention, UBR and vendor obligations to support project working-capital management.

6. Risk, Banking & Insurance

• Monitor customer/vendor LCs and BGs.
• Review open insurance policies and supporting claim documentation.
• Proactively highlight financial and process risks requiring management attention.

Key Stakeholder Interface

The role will work closely with Project Management, Commercial, Procurement, Stores, Engineering and Finance teams to provide financial control and decision support throughout project execution.

• Qualification: CA / CMA / MBA (Finance) or equivalent finance qualification
• Experience: Relevant experience of atleast 15 years in Project Finance / Site Finance, preferably in EPC / Infrastructure / Industrial projects
• Working understanding of project costing, billing, receivables, vendor accounting, cash flow and working capital
• Good analytical skills with proficiency in ERP/SAP and MS Excel
• Ability to work effectively with cross-functional project teams and operate in a site environment