Development Controller

Sr. No. Key Responsibility Activities 1 Budgeting * Work closely with state Development head to prepare annual budget. * Clearly state the critical assumptions in annual budget preparation & ensuring appropriate backup. * Perform extensive benchmarking exercise with competitors, other companies (depending on the cost head) * Perform zero base budgeting for certain budget heads; gather market intelligence to provide useful inputs while budgeting. 2 Investment Decision *Actively participation in investment decisions along with development head. 3 Contract and Legal understanding * Actively participation in Contract terms finalisation - For Customer and Vendors - specifically for Development and Land Acquisition Contract 4 Monitoring of Development P&L *Monitoring of annual Development P&L * Timely escalation to India finance controller & Development head in case of budget deviations outside the purview of State head 5 Working capital management * Allocation of funds across the multiple projects/sites running for creation activities * Ongoing tracking of NOWC for development business (MIS generation, alerts, outside-in controls) * Cash flow statement and plan for WC/timely support to execution team 6 Optimization of variable costs *Monitoring of costs incurred vs budgets *Flagging of potential cost overruns vs budget *Identification of cost optimization opportunities * Control variable costs such as vehicle/GH/Manpower etc. 7 Pricing and contract negotiation * Assist development head, State land head to manager in negotiating of aggregator contracts 8 Process adherence *Manage & mitigate state level risks * Timely closure of books of account for the state for each accounting period *Ensuring adherence to finance policies, procedures * Monitoring of statutory compliances labour laws, state level taxes etc *Ensure timely and accurate accounting * Ensure timely execution of agreement/deeds/ATS/ATL etc. 9 People development *Review of progress of state controllers; * Regular formal & informal feedback on performance & areas for development * Identification of necessary training & development requirements of site finance team *Regular sharing of best practices in financial control across sites. 10 Compliances and Audit *Ensure timely Management/other audit and close all the findings *Ensure to implement accounting principals * Timely closing of books with accurate provision/land inventory management *Handling multiple SPVs operations and well versed with basic understanding of transfer and merger of SPVs