Head Project Finance & Accounts - Deepak Chem Tech Limited

Position: Head Project Finance And Accounting Location: Corporate Office, Vadodara Reporting: CFO Experience: 18+ years with managing finance & accounting of project organization Qualification: CA / MBA Finance Coordination with Respective Business for Project Cost Management : Collaborate with various business units involved in the project to gather cost estimates and budgets. Coordinate with project managers and department heads to ensure alignment between 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. Ensure that contracts are comprehensive, legally sound, and align with the project's objectives. Work closely with legal and procurement teams to finalize contract agreements in a timely manner. Contract Compliances : Monitor adherence to contract terms and conditions throughout the project lifecycle. Review contracts to ensure compliance with regulatory requirements, industry standards, and internal policies. 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. Verify the accuracy and validity of bills before approving them for payment. Maintain detailed records of all contractual documents, including invoices, payment schedules, and correspondence. Cashflow planning Co-ordination for payments to respective company Monthly Reporting of Project Cost (Plan vs. Actual) : Prepare monthly cost reports comparing planned expenditures against actual spending. Analyze variances and identify the reasons for deviations from the budget. Present findings to project stakeholders and recommend corrective actions as needed. Coordination with Project Site Auditors for JMR (S&T) : Collaborate with project site auditors to conduct joint measurement and reconciliation (JMR) activities. Provide necessary documentation and support to auditors to facilitate accurate assessment of project costs and progress. Address any audit findings or discrepancies in a timely manner to ensure compliance with audit requirements. Pre-operative Cost Allocation to Respective Businesses : Allocate pre-operative costs to the appropriate business units based on their involvement in the project. Ensure that costs are allocated accurately and transparently to facilitate financial reporting and analysis. Pre-operative Cost Control : Implement cost control measures to manage expenses and prevent budget overruns during the pre-operative phase. Monitor spending patterns and identify areas where cost savings can be achieved without compromising project quality or timelines Invoicing to Respective Business : Generate and distribute invoices to internal stakeholders for project-related expenses. Bank Guarantee management (ABG, PBG & CPBG) Ensure that invoices are accurate, properly documented, and submitted in a timely manner to facilitate prompt payment. Contract Settlement : Facilitate the settlement of contractual disputes and claims in accordance with established procedures. Negotiate fair and equitable settlements that protect the interests of all parties involved in the contract.