project finance controller in mumbai

posted
contact
randstad india
position type
permanent
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posted
location
mumbai, maharashtra
function
Manufacturing
position type
permanent
experience
8 To 12
reference number
939852
contact
randstad india

job description

project finance controller in mumbai

?-Design process to review, monitor & follow-up milestone payments to ensure on time collections
- Establish the process for Project Reviews with clear cut assignment of roles & responsibility to concerned stakeholders
-Conduct monthly review of project financials & commercials areas with Project Team and present the outcome 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


Benefits
?One of the growing company in Pumps & compressor

Client Introduction
?One of the Leading MNC company in Pumps & compressor

skills

?project controller, "project finance controller, finance, project

qualification

?- C.A with 8-10 years of experience
Industry- Heavy Engineering/ Industrial Product/ Pharma