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VACANCY DETAILS :-
POST NAME - Finance Specialist Project Control
QUALIFICATION - Graduate With CA/CMA/MBA
EXPERIENCE - 3 Years
LOCATION - Noida
JOB DESCRIPTION :-
Overall responsibility for the reporting and controlling activity of the Projects allocated. Primary focus is to ensure the accurate financial management of the project including correct reporting of incurred costs & cost to complete; validating forecasts; management and forecasting of cash and bonds for the project; ensuring the internal controls, as applicable for project, are complied with; management of the financial risks and related issues of the project.
Roles and Responsibilities
- The Project Controller is expected to have full knowledge of all financial movements within the project and particularly cash and ensures such information is consistent and reconciled on a regular basis.
- Invoicing for milestone and progress payments, & support to the Project Director for cash collection.
- Defining the revenue milestones at project inception and monitoring the same.
- Check, control and monitor cost movements monthly, using: -
- Purchase Order information
- Time bookings and manpower charts.
- Recorded costs, and Costs to Complete (including working with the functional personnel on their forecast)
- Cash management:
- Timing & management of cash movements.
- Forecasting of cash movements.
- Communication and reconciliation with GE partners on flows of cash (including IG balances);
- An understanding of foreign exchange issues affecting the project and undertaking at least six monthly a full reconciliation of all forex positions on the project (cash in/out) in conjunction with the treasury function.
- Understand the bonds and guarantees issued to Customer by the project, and pro-actively manage these instruments, through: -
- Issuing
- Reduction.
- Extension/Cancellation
- Taxes, insurances and duties required, and the effect on the project costs/cash flows (inclusive of the onshore).
- Provide support for claim compilation and risk assessment.
- Project internal controls must be implemented and fully compliant, providing support for financial audits by CAS or external auditors
- Management and reconciliation of project results both within the Project accounts with respect to Balance Sheet positions related to the Project (offshore & onshore).
- Weekly and monthly reporting of Project KPI for Pacing & management review.
- Producing all financial project reporting, including:
- Cash flow forecast templates.
- Sales recognition schedules.
- STECO Project Review reports, with appropriate detail to justify committed, expended, and cost to complete.
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