Position Overview:
- The AGM, Accounting & Finance will oversee the financial activities of the Group's power generation assets, ensuring compliance with industry regulations, and providing accurate financial reporting. This role requires a deep understanding of the power business, particularly gas-fired operations, to effectively manage the plant's accounting functions and support strategic financial decision-making.
Key Responsibilities:
Financial Reporting & Analysis:
- Oversee all aspects of financial management including the finalisation of accounts, budgeting, forecasting, and financial analysis.
- Analyse financial performance, identifying trends, variances, and opportunities for cost optimization and provide actionable insights to senior management.
- Monitor financial metrics specific to the energy sector.
Budgeting & Forecasting:
- Collaborate with plant operations to create accurate and realistic financial forecasts.
- Manage financial aspects of offtake agreements and power purchase agreements (PPAs) and provide strategic insights to senior management.
Cost Management:
- Oversee cost accounting activities, including tracking and reporting on fuel costs, maintenance expenses, and operational efficiencies.
- Implement strategies for cost control and reduction without compromising plant performance.
- Analyse and report on key cost drivers and KPIs, such as variable and fixed O&M costs per MWh.
Compliance & Regulatory:
- Ensure compliance with all relevant financial and industry regulations.
- Prepare and submit regulatory reports as required.
- Liaise with auditors and regulatory bodies during inspections and audits.
Internal Controls, Processes, and Risk Management:
- Develop and maintain robust internal controls to safeguard company assets.
- Streamline accounting processes to enhance efficiency and accuracy.
- Ensure accurate and timely recording of financial transactions related to energy trading and hedging activities.
- Implement best practices for risk management, including market risk, credit risk, and operational risk.
- Ensure compliance pertaining to all statutory regulations including IT/GST/ DISCOMS etc
Team Leadership & Development:
- Manage and mentor a team of accounting professionals.
- Coordinate with other departments to ensure financial alignment with operational goals.
- Promote cross-functional collaboration to support financial planning and analysis for major capital projects and operational initiatives.
Candidate Profile:
- Bachelor's or master's degree in accounting or finance along with professional accounting qualification (CA).
- Minimum of 5 years of experience in accounting or finance in the core energy sector or power industry.
- Strong understanding of accounting principles and financial analysis.
- Proficiency in accounting software, Advanced Excel, and ERP systems.
- Excellent interpersonal skills with the ability to interact professionally with all levels of the organization and external contacts.
- Strong problem-solving skills and the ability to handle unexpected changes and demands in a fast-paced environment.
- Ability to work collaboratively with cross-functional teams.
- Strong organizational skills and the ability to manage multiple tasks and priorities efficiently.
- Language: Command over English, Telugu, and Hindi.
- Understanding of fuel efficiency ratios, heat rates, capacity utilization, and Levelized Cost of Electricity (LCOE).
Perks and Benefits:
- Directly get to work with C-suite executives.
- Be a part of a high-growth organization
