project controller in mumbai

posted
contact
randstad india
position type
temporary
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posted
location
mumbai, maharashtra
function
Other
position type
temporary
experience
9-15
reference number
57014
contact
randstad india

job description

project controller in mumbai

Designation: Project ControllerReporting To: CFOLocation: Navi MumbaiMandatory: Hands on experience in SAP & Project AccountsBackground:Roles for Project Controller responsible for entire O2C process (Order toRealization) in a very challenging & dynamic business environment.Competence:C.A with 8-10 years of experience with proven academic records and fromreputed organization. Ability to coordinate and manage multiple improvementinitiatives at once, very good project management skillsAbility to manage teams in a high-performance organization with demonstratedability to support a variety of business areasHighly developed skills in internal financial reporting, application ofaccounting principles, financial decision making and internal controlRoles:-Upon an award of contract review & monitor commercial T&Cs, as follows, along with Sales & Project Management team and work on mitigation of risksConditions to NTP,Payment Milestones incl. Advance,guarantees -Vetting, mitigating of risk and managing issuance of guaranteesMode of PaymentsReview Penalties Clause, Remedy for delay/termination,Warranty Conditions-Design process to review, monitor & follow-up milestone payments to ensure on time collections\- Establish the process for Project Reviews with clear cut assignment ofroles & responsibility to concerned stakeholdersConduct monthly review ofproject financials & commercials areas with Project Team and present theoutcome to the Management-Manages Risk & Opportunities of projects in close co-ordination with Project Team. Raise an early alarm to the stakeholders in case risks/opportunities-Establish database to have a consolidated view all projects having key KPI / information / Progress etc.\- Supports Business Partners in cost reduction initiatives-Strengthen Internal Control Process around project controlling area\- Ensure Order booking criteria as per company policy-Revenue assurance- Adhere to IFRS-15 /IND AS 115 on revenue recognition.-Strong participation in Month end closing activities & reporting-Managing Internal & Statutory Auditors-Managing FX risk via entering into forward contracts. Manage settlement roll-overs of forward contracts both on import and export\- Ensure on time submission of Invoices to the Customer including Advance &Milestones related Invoices along with necessary supporting\- Drive factoring process from end to end, LC discounting-Bring the visibility of outstanding ARs to stakeholders-Drive Cash Collection both for Third parties & Intercompany ARs to ensure on time collections involving different stakeholders-Ensure proper accounting of ARs, Bad-Debts, LDs etc. in line with IND AS & IFRS-Regular reconciliation of Customers A/Cs and balance confirmation with Customers-Visit to Customer to resolve disputes and expedite collection-Drive various initiatives for system improvement pertaining to ARs-Managing LCs, Bank Guarantees (Co-ordinating with various stakeholders-Support for Bank Realization Certificate for Exports Contracts to avail export incentives

skills

finance controller, project controller, project budget