accountant

JOB DESCRIPTION – CHARTERED ACCOUNTANT (CA)

Company: Vefes Engineering Pvt. Ltd.

Location: Mumbai

Department: Finance & Accounts / Project Finance

Industry: Solar EPC / Renewable Energy

Experience: 4–8 Years

Qualification: Chartered Accountant (CA)

Employment Type: Full-Time

About the Role

We are looking for a Chartered Accountant (CA) with strong experience in Project Finance, FP&A, Financial Modelling, MIS, Cost Control and Commercial Finance to join our Solar EPC business.

The candidate will be responsible for evaluating the financial viability of solar projects, managing project-wise financial performance, cash flows, budgets, working capital and management reporting.

Key Responsibilities

1. Project Finance & Financial Modelling

• Prepare and review financial models for solar EPC and renewable-energy projects.
• Evaluate project CAPEX, OPEX, ROI, IRR, payback period and project profitability.
• Prepare project-wise cash-flow projections and funding requirements.
• Evaluate project financing requirements and coordinate with banks/financial institutions.
• Analyse commercial feasibility of new solar projects and business opportunities.

2. FP&A and Management Reporting

• Prepare monthly MIS, P&L analysis and management dashboards.
• Conduct Budget vs. Actual analysis and identify major variances.
• Prepare project-wise profitability and performance reports.
• Provide financial insights to management for strategic decision-making.
• Support annual budgeting, forecasting and long-term financial planning.

3. Project Cost & Commercial Control

• Monitor project CAPEX/OPEX against approved budgets.
• Analyse procurement and vendor commercial proposals.
• Review project costing and identify opportunities for cost optimization.
• Monitor project-wise margins, cost overruns and commercial leakages.
• Coordinate with Project, Procurement and Operations teams for financial control.

4. Working Capital & Cash Flow Management

• Monitor project-wise receivables, payables and cash flows.
• Prepare cash-flow forecasts and payment plans.
• Monitor customer outstanding and collection schedules.
• Ensure adequate working capital availability for ongoing projects.
• Identify bottlenecks affecting the working-capital cycle.

5. Accounting, Tax & Compliance

• Oversee accounting and financial closing activities.
• Review ledger scrutiny, provisions and financial statements.
• Ensure compliance with GST, TDS, Income Tax and applicable statutory requirements.
• Coordinate with statutory, internal and tax auditors.
• Ensure proper accounting of CAPEX, CWIP, project costs and fixed assets.
• Support Ind AS / applicable accounting requirements.

6. Solar Industry Commercial Finance

The candidate should develop an understanding of:

• Solar EPC project economics
• Rooftop and ground-mounted solar projects
• CAPEX and OPEX structures
• PPA-based projects
• Open Access / Group Captive models
• Solar project revenue and billing
• Project financing
• Solar generation and tariff assumptions
• O&M cost and long-term project economics

Required Skills

• Strong Financial Modelling and Advanced Excel skills
• Strong understanding of Project Finance and FP&A
• Excellent knowledge of Accounting and Financial Reporting
• Strong analytical and commercial acumen
• Budgeting and variance analysis
• Cash-flow and working-capital management
• Cost control and profitability analysis
• Strong MIS and management reporting skills
• Knowledge of Tally / SAP / ERP systems
• Good communication and stakeholder-management skills

Qualification & Experience

Mandatory: Chartered Accountant (CA)

Experience: 4–8 years post-qualification experience in any of the following:

• Solar / Renewable Energy
• EPC / Infrastructure
• Manufacturing
• Project Finance
• FP&A / Business Finance
• Strategic Finance

Preferred: Candidates with hands-on experience in solar project financial modelling, CAPEX evaluation, project financing, ROI/IRR analysis and commercial finance.

Key Performance Indicators (KPIs)

• Project-wise profitability and margin control
• Accuracy and timeliness of MIS
• Budget vs. Actual variance control
• Project cash-flow management
• Working-capital optimization
• Cost reduction and commercial leakage control
• Timely statutory compliance and financial closure
• Quality of project financial models
• Financial evaluation of new projects