Business Controller - Heavy Industry

Manpower Resources India (P) Limited, a leading Executive Search company, offers services in Power, Steel, Infrastructure, Oil & Gas, Cement, Engineering space. Please find all the details regarding the company and the job profile below for one of our client's requirement.

About Company : It is a heavy industry company that focuses on the large-scale operations, such as the Marine, Energy, Food & Water industries

Position Title : Business Controller

Location of the position : Pune

Qualification : CA/MBA/ICWA

Purpose of the role : The position acts as finance partner for E&S, FOS (projects business) and Service Operations. Service operations includes field service and service centres

Responsibilities :

The position is responsible overall performance, financial discipline and management analysis within the area of responsibility

Projects business

Project Controlling, Governance, and Internal Control :

- Collaborate with key stakeholders such as Project Manager, Business Head, Business Controller, Credit Control, Sourcing department and supply chain etc. to drive key project financial performance parameters.

- Conduct comprehensive review of projects and risk assessment, covering assessment of liabilities, ageing of contracts, cost incurred and cost to complete, inventory at hand, accounts receivable, adequacy of provisions, unbilled / unearned revenue, margin exposure.

- Prepare monthly workings of project unbilled/unearned and revenue recognition workings following IND AS115 and internal accounting guidelines (MISAL compliance).

- Support reporting team in preparation of Engineering and Supply organization financial statements(P3E and P3A). Perform and complete analysis of financial result, drawing out key drivers and insights.

- Preparation, analysis, and presentation of month end financial performance. Communicate issues and pre-warnings of any major gaps to financial commitment.

Annual Costing Update and Financial Forecasting :

- Work with Global + Local business controllers and delivery team to establish the labor rates and material overhead recovery rate on annual basis. Maintain overhead recovery model.

- Monitor actual and proposed adjustment to rate workings rates if necessary.

- Support Business Controller in forecasting order booking, Net Invoicing, Margin, working capital, Collaboration with Service Managers on monitoring and improving performance Cost monitoring and suggestions on savings Demand Planning meeting Quarterly reviews of Inventory, analyzing fast, slow and non-moving inventory Monthly, Quarterly review for warranty and claims. Sporadic reviews for Capex, preparation of CBA for major investments Aligning inventory, capex policies to new structural changes.