Job Title: Lead Projects Accounts & Finance
Location: Corporate Office, Vadodara
Reporting To: CFO
About the Role
We are seeking a highly skilled professional to lead Capex Planning, Controls, and Commercial Oversight for our large-scale projects. The role demands strong financial acumen, cross-functional coordination, and hands-on experience in managing petrochemical or large industrial projects. The incumbent will play a critical role in ensuring financial discipline, transparent reporting, and effective risk/commercial management across the project lifecycle.
Key Responsibilities
1. Capex Planning & Control
- Prepare and monitor project budgets vs. approved Capex.
- Track commitments, payments, and forecasted cash flows.
- Ensure alignment with financing plans and availability of funds.
- Monitor deviations and provide early alerts to management.
2. Commercial & Contract Support
- Partner with procurement/contract teams to evaluate commercial/financial terms.
- Validate cost impacts of scope changes, variations, and claims.
- Support negotiations with contractors/suppliers with financial impact analysis.
- Ensure contracts safeguard owner's interests (payment terms, LDs, escalation clauses, etc.).
3. Cost Visibility & Reporting
- Maintain transparent dashboards for management visibility.
- Track committed vs. actual vs. forecast costs across all packages.
- Highlight cost overrun risks and potential savings opportunities.
- Present monthly Capex utilization and cash flow forecasts.
4. Timely Payment & Fund Flow Management
- Coordinate with finance/accounts for milestone-based disbursements.
- Ensure compliance with payment terms and avoid penalties.
- Monitor vendor invoices, certification, and payment cycles.
5. Risk & Compliance Oversight
- Ensure adherence to internal Delegation of Authority (DOA).
- Track project insurance, guarantees, and tax implications.
- Monitor forex exposure and financing covenants (if funded by lenders).
6. Decision Support
- Provide scenario analysis for change orders, delays, or alternate procurement options.
- Highlight cost-benefits of engineering/technical changes.
- Support management in balancing Capex with lifecycle costs.
Skills & Attributes
- Strong understanding of Capex project lifecycles (EPC – Engineering, Procurement, Construction).
- Sound knowledge of contracts & commercial terms.
- Strong analytical, forecasting, and risk assessment skills.
- Ability to coordinate across project, engineering, procurement, finance, and treasury teams.
- Proactive in providing early warnings on overruns or cash flow mismatches.
- Strong reporting and presentation skills at senior management level.
Education & Experience
- Education: MBA Finance with BE (preferred)
- Experience: 14+ years of experience
- Prior experience in petrochemical or large-scale industrial projects.
- Proven track record in Capex control, commercial management, and dispute resolution.
Interfaces: SCM, Project Managers, Process Engineers, Treasury, Accounts
