Voltas – Head – Internal Financial Control – Projects Voltas

The Corporate Institute; Mumbai; On-site; INR 3,000,000 - 6,000,000; Full time

Job summary

The Corporate Institute in Mumbai seeks a senior IFR leader to head Internal Financial Controls (IFC) for the Projects Business. You will govern and enhance controls across project operations, drive risk mitigation, and partner with internal audit to strengthen the control environment.

You will design an enterprise IFC framework, lead data-driven dashboards, and manage automation initiatives with SAP and BI tools while mentoring a high-performing team.

Qualifications

• Chartered Accountant (CA) and 12–18 years of relevant experience.
• Strong expertise in internal controls framework, risk assessment, and governance structures.
• In-depth understanding of project finance processes and lifecycle risks.
• Understanding of SAP (certification would be an added advantage).
• MS Excel and MS PowerPoint.
• Strong organizational and time management skills.
• Adaptability and willingness to learn and embrace change.

Responsibilities

• Lead the IFC function for Projects Business, ensuring governance and compliance across project operations.
• Design and enhance the internal control framework aligned to regulatory requirements and business needs.
• Provide strategic direction to IFC across divisions with cross-functional coordination.
• Oversee risk identification and mitigation across project lifecycles.
• Drive governance reviews and control effectiveness assessments with action plans.
• Lead automation and digital transformation for IFC using SAP, BI tools, and related tech.
• Improve SOPs/RCMs and control frameworks with changing processes and regulations.
• Monitor dashboards and KRIs, guiding governance discussions with senior stakeholders.
• Report control maturity and improvements to CFO-level leadership.

Skills

CA

Internal controls

Risk assessment

Governance

SAP

MS Excel

MS PowerPoint

Project finance

Time management

Change management

Education

Chartered Accountant (CA)

Tools

SAP

Job description

KEY DELIVERABLES:

• Lead the Internal Financial Control (IFC) function for the Projects Business, ensuring robust financial governance and compliance across all project operations.
• Design, implement, and continuously enhance the internal financial control framework, aligning with organizational objectives, regulatory requirements, and evolving business needs.
• Provide strategic direction to IFC across divisions, ensuring standardization and effective execution of control mechanisms in coordination with business finance and internal audit teams.
• Oversee identification and mitigation of financial and operational risks across project lifecycles, and establish proactive control measures.
• Drive governance reviews and control effectiveness assessments, ensuring timely identification of gaps and closure through structured action plans.
• Lead the automation and digital transformation agenda for IFC, including system-driven controls, dashboards, and analytics through SAP, BI tools, and other technologies.
• Ensure continuous improvement of SOPs, RCMs, and control frameworks in line with changes in business processes, project structures, and regulatory landscape.
• Review and monitor control dashboards and key risk indicators, and lead governance discussions with senior stakeholders to address critical gaps.
• Provide periodic updates and insights to senior management and leadership, including CFO-level stakeholders, on control maturity, risks, and improvements.
• Partner with internal and external auditors, ensuring smooth audit processes, timely closure of observations, and strengthening of control environment.
• Lead, mentor, and build a high-performing IFC team, fostering capability development and a culture of compliance across the organization.

ESSENTIAL ATTRIBUTES:

1. Education background:

• Chartered Accountant (CA)
• 12 – 18 years of relevant experience

2. Specific skill set:

• Strong expertise in internal controls framework, risk assessment, and governance structures
• In-depth understanding of project finance processes and lifecycle risks
• Understanding of SAP (SAP certification would be an added advantage)
• MS Excel and MS PowerPoint
• Strong organizational and time management skills
• Adaptability and willingness to learn and embrace change