Project Finance Controller | Mumbai Office

Tata Projects; Mumbai Suburban; On-site; INR 4,50,000 - 6,75,000; Full time

Job summary

A large project management firm in Mumbai is seeking a Project Finance Controller to oversee financial aspects of projects, ensuring they are executed on time and within budget. The ideal candidate should have experience in project finance, strong analytical skills, and the ability to manage stakeholder relations. The role involves financial reporting, regular reviews, and compliance with finance policies.

Qualifications

• Experience in project finance or similar roles.
• Strong analytical skills and proficiency in financial reporting.
• Ability to manage internal stakeholder relations.

Responsibilities

• Support project teams to execute projects on time and within budget.
• Provide functional expertise and support for smooth project operations.
• Develop and drive regular financial reviews with project teams.
• Challenge team members on assumptions impacting financials.
• Ensure compliance with finance policies and procedures.

Job description

Role & responsibilities

• The Project Finance Controller will be supporting the Project teams for assigned set of Projects based at Sites and/or at Regional Offices to execute the projects as per the execution strategy and maintain project on time and within the budget.
• End-to-end responsible from finance for set of projects under overview, i.e. Profit and Loss account, Balance Sheet, and Cash flows.
• Provide functional expertise and active support to Business on day-to-day basis to ensure smooth project operations with focus on efficiency and timeliness. Manage internal stakeholders relations.
• Develop and drive regular financial reviews with the individual project teams covering all aspects, ensure accountable connection between project operations and financials.
• Owns and follows up on actions items to liquidate sticky items on Balance Sheet of the Projects.
• Challenges Project team members on assumptions, and strategies impacting financials. Generates what if scenarios and works with project teams to evaluate feasibility.
• Provide and communicate all financial data in a transparent manner, attends project and management reviews, as required.
• Provide regular status reporting, preparations of AOPs, monthly forecasts, other data requests for the set of projects within the timelines and with high quality.
• Develop improvement actions for optimization of working capital deployed on the projects.
• Read the customer contracts and be aware of all financial and commercial conditions on the contract.
• Provides contractually required customer reporting and is able to communicate directly with customers on financial matters.
• Responsible for understanding and review of cost forecasts / CTCs on monthly/quarterly basis. Uses cost analysis, compares with current scope, progress as well as previous forecasts.
• Proactively, highlight risk and opportunities on the project financials and lead and/or support in mitigating the risks and capitalizing on the opportunities. Follows up on the action items.
• Ensure core finance activities for the set of projects are complying to approved finance policies and procedures.
• Responsible for supporting SBU Business Controlling and SBU Finance Head in closure of audits, regulatory compliances requirements and management reporting etc. in a timely manner.
• Support change order analysis.
• Support claim preparations.
  
  

Preferred candidate profile

• The desired profile is preferably from Project industries not necessarily infrastructure.