Assistant project controller Finance

Job Description

Job Description: We are seeking a detail-oriented and proactive Finance and Project Control Officer to manage various financial and project-related activities. The role involves overseeing Letters of Credit (LC), Bank Guarantees (BG), project milestones, after-sales services, and customer credit management. You will work closely with the project team, finance department, and banks to ensure smooth financial operations and timely payments. Key Responsibilities Letters of Credit (LC) Management: Process LC applications, track usage, and ensure proper submission of documents to the bank for LC acceptance. Monitor claims against LC, track LC receipts, and ensure proper usage and balances are available for future transactions. Project Monitoring & Payment Management: Track project progress and check for milestone achievement. Collaborate with the project team to gather necessary documentation and raise milestone payment requests. Follow up with relevant teams for payment approvals and track payment progress until completion. Bank Guarantees (BG) Tracking: Monitor BGs issued for projects and ensure timely follow-up for BG reduction as per the project progress and contractual arrangements. Overdue Interest and LD (Liquidated Damages) Tracking: Keep track of overdue interest and potential liquidated damages related to delayed payments or project timelines. After-Sales Service and Invoice Management: Oversee after-sales service business operations by tracking invoices raised and mapping them to appropriate F codes. Perform regular collection follow-ups and ensure timely payments are received. IC (Intercompany) Transactions Management: Manage and clean up intercompany (IC) transactions, ensuring proper reconciliation and compliance with internal controls. Credit Limit Monitoring: Monitor the credit limits utilized by customers and implement credit locks for invoicing when necessary, ensuring compliance with credit policies 8. AR (Accounts Receivable) Reconciliation: Perform regular reconciliation of accounts receivable to ensure the accuracy of customer balances. Identify and resolve discrepancies between records and ensure outstanding invoices are followed up for payment.