Project Finance Manager

Tata Projects; Sikka; On-site; INR 1,800,000 - 2,800,000; Full time

Job summary

Tata Projects Limited in India invites an experienced Project Finance Controller to lead site-level financial controls, budgeting, cost tracking, and governance across EPC projects. You will coordinate with Project Management, Commercial, Procurement, Stores, Engineering, and Finance to ensure robust financial oversight and timely insights.

The role requires 5–10 years in project/site finance, strong ERP/SAP and MS Excel skills, and the ability to work with cross-functional teams on a site

Qualifications

• CA / CMA / MBA (Finance) or equivalent finance qualification.
• Experience of 5–10 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.

Responsibilities

• 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 IFC adherence.
• Identify financial risks and process/control gaps.
• Review POs in line with DOA and high-value purchase orders.
• Review and validate customer RA bills for certification and billing cycles.
• Track physical progress against billing and highlight 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.
• Monitor physical-versus-book reconciliation of materials and vendor materials.
• Review slow-moving/obsolete inventory and monitor wastage/leakages.
• Verify contractor/vendor RA bills and deductions (retention, advances, TDS, GST).
• Review vendor ageing, open POs, advances and GR/IR.
• Verify vendor credit/debit notes and payment liabilities.
• Prepare and monitor site-level cash-flow forecasts.
• Support allocation of funds against due payments.
• Manage site petty cash and imprest requirements.
• Drive visibility on receivables, retention, UBR and vendor obligations.

Skills

Analytical skills

ERP proficiency

MS Excel

Cross-functional collaboration

Site finance experience

Education

CA / CMA / MBA (Finance) or equivalent

Tools

SAP ERP

MS Excel

Job description

Project Finance Controller

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.

Preferred candidate profile

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 at least 5 - 10 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