Senior Analyst Project Financial Control

Journal of Accountancy; Mumbai; On-site; INR 1,800,000 - 3,600,000; Full time

Job summary

Association of International Certified Professional Accountants in Mumbai seeks a Finance Project Controller to oversee project financial control, performance reporting and forecasting, supporting Project Managers with data to drive recommendations and ensure contract and IAS compliance.

The ideal candidate has 4+ years post-qualified project finance experience in large matrix environments, with expertise in budgeting, P&L monitoring, revenue recognition and close collaboration with local and

Qualifications

• 4+ years post-qualified project finance experience in large matrix environments.
• Experience with budgeting, revenue recognition and close collaboration with accounting teams.
• Ability to model financial scenarios and present actionable insights.

Responsibilities

• Ensure project financial setup to allow tracking and control.
• Prepare project budgets based on the approved business case.
• Finalize revenue and billing and monitor P/L.
• Work with accounting for month end closing including accruals/deferrals.
• Produce monthly financial reports and variance analysis for PMs.

Skills

Financial modeling

Variance analysis

Budgeting

P&L tracking

Education

Professional Financial Qualification (ACCA/CIMA) ideal

Financial degree essential or AAT

Job description

PURPOSE

Responsible for project financial control financial performance reporting & forecasting for significant projects or programmes across SITA.nSupport to the Project Manager(s) and team providing key data to support recommendations.

KEY RESPONSIBILITIES

• Working together with the Project Manager to make clear the financial performance of the project compared to the approved Business Case.
• Ensure proper financial handover from the sales cycle into projects & ensure this is supported by the necessary documentation e.g. signed contract approved business case etc.
• Responsible for project financial set up to allow tracking and control.
• Preparation of project budget based on the approved business case.
• Finalize revenue and billing and conduct P/L monitoring.
• Work with Accounting for month end closing for the project making accruals/deferrals as appropriate.
• Drive accurate coding of data to allow project tracking in both P&L and Balance sheet e.g. accruals deferrals Inventory/Asset tracking.
• Regular review & analysis of the project ''actuals'' financials and communication of financial variances to the Project Manager.
• Updating Forecast together with the PM through to end of the project taking account of known/expected occurrences.- Track & report on project contingencies.
• Produce monthly financial report (prior to the monthly project team meeting).
• Participate in and provide input as required at PRBs.
• Reporting current year performance into the solution line including actuals reasons for variances project forecast highlighting financial risks to allow the solution line to complete their monthly forecast exercise.
• Liaise with local and regional accountants to ensure proper accounting on statutory books.
• Provide financial support to the project team Finance team members and the worldwide accounting organisation. Ensure that project is in compliance with IAS standards and company financial policies.
• Responsible for project close down at handover to operations.

Qualifications

EXPERIENCE

• 4+ years as an experienced post qualified Finance Project experience working within large complex matrix environments.

PROFESSION COMPETENCIES

• Attention to Detail
• Business Acumen
• Financial Acumen
• Financial Modeling
• Risk Analysis

CORE COMPETENCIES

• Adhering to Principles & Values
• Communication
• Creating & Innovating
• Customer Focus
• Impact & Influence
• Leading Execution
• Results Orientation
• Teamwork

EDUCATION & QUALIFICATIONS

• Professional Financial Qualification (eg ACCA / CIMA) ideal.- Financial degree education and / or accreditation such as AAT essential.