Lead - Projects Finance And Accounts

Responsibilities:

Mandatory: Should be CA Qualified

Project Cost Management:

Collaborate with various business units to gather cost estimates and budgets.

Coordinate with project managers and department heads to align project costs and budget allocations.

Regularly communicate with stakeholders to provide updates on cost management strategies and any deviations from the budget.

Vendor Negotiation:

Lead negotiations with contractors, suppliers, and other vendors to establish favourable terms and conditions.

Work closely with legal and procurement teams to finalize contract agreements on time.

Contract Compliance:

Monitor adherence to contract terms and conditions throughout the project lifecycle.

Address any discrepancies or non-compliance issues promptly and effectively.

Bill Passing and Contract Management:

Oversee the processing of invoices and payments to vendors and contractors.

Maintain detailed records of all contractual documents, including invoices, payment schedules, and correspondence.

Cashflow Planning and Coordination for Payments:

Plan and coordinate payments to the respective company.

Monthly Reporting of Project Cost:

Prepare monthly cost reports comparing planned expenditures against actual spending.

Present findings to project stakeholders and recommend corrective actions as needed.

Coordination with Project Site Auditors:

Collaborate with project site auditors to conduct joint measurement and reconciliation (JMR) activities.

Address any audit findings or discrepancies in a timely manner.

Pre-operative Cost Allocation and Control:

Allocate pre-operative costs to the appropriate business units.

Implement cost control measures to manage expenses and prevent budget overruns during the pre-operative phase.

Invoicing to Respective Business:

Generate and distribute invoices to internal stakeholders for project-related expenses.

Bank Guarantee Management:

Manage Advance Bank Guarantees (ABG), Performance Bank Guarantees (PBG), and Counter Performance Bank Guarantees (CPBG).

Contract Settlement:

Facilitate the settlement of contractual disputes and claims in accordance with established procedures.

Additional Responsibilities:

Salary management of employees.

Ensure that invoices are accurate, properly documented, and submitted in a timely manner to facilitate prompt payment.

This role requires strong negotiation skills, attention to detail, and the ability to work collaboratively with various stakeholders. The ideal candidate will have experience in project cost management, vendor negotiation, contract compliance, and bill passing. They should also be adept at cash flow planning, monthly reporting, and coordinating with project site auditors. Experience in pre-operative cost allocation and control, invoicing, bank guarantee management, and contract settlement is also desirable.