Club Mahindra - Manager - Corporate Finance

Corporate Finance Manager

Key Responsibilities:

Budgeting:

- Initial budgeting based on benchmarks projects & evaluation of these numbers along with Project Team.

- Ensure the assumption considered for budget preparation is valid at the time of preparation of budget.

- Assist in evaluation of detailed budgeting and highlighting variances from benchmarks & evaluation of the same.

- Evaluation of Preparation of Pre-tender estimates/guidelines/ basis for tender negotiations

- Keeping track on cost to completion / tracking of budget vs actuals and analyzing / approval variations from budget.

- Participate in Budget discussion meeting with Senior team members.

Procurement:

- Attending meeting with Project team at the time of tender selection.

- Evaluation of vendors selected based on the market credential based on the data available with MHRIL.

- Checking Compiling tender document and BOQs Specifications received from projects/ consultants from the perspective of legal/finance implication.

- Participation in meeting with vendor for selecting contractors and consultants through inviting tenders, negotiation and award of works/ services generally on Supply, Install, Testing and Commissioning basis.

- To ensure that procurement is done as per qualitative standard as laid down by the management.

- Once vendors are selected ensure that vendor code is being created in SAP having required details checked & Validated.

- Ensure that agreement/contract to be entered before start of work. Means vendor to start work only after Agreement/Contract is signed.

- Ensure that contract to be approved by Legal, on stamp paper, scope of services to be mentioned. QTY, rate, amount, contract should have end date, defined & clear payment terms to be mentioned, NDA to be signed.

- Visit to project site as and when required along with project team member.

Bill Processing:

- Ensure that all the invoices should be in the names of Mahindra Holidays & Resorts India Ltd.

- Ensure that GST number of Vendor & MHRIL is mandatory on the face of the invoice.

- Ensure that invoice must have date of invoice, Bill number, HSN code & service descriptions.

- Ensure that invoice must me approved as per Approval Matrix.

- Ensure that PO no, GRN/ SRN number and date must be mentioned on the invoice.

- PO/SO is mandatory for invoice exceeding Rs. 10000/- PO/SO should be raised by the project department.

- Ensure that review of advance is done regularly. No advance should be more than 45/ as per SOP days or period mentioned in the agreement or PO. For any advance request PO /Estimate /Quotation department Head of approval & date of settlement is mandatory.

- Ensure that liquidation damage clause is mentioned in the agreement & in the PO and adherence to the same is strictly followed.

- Ensure that retention clause is link with performance obligation to be performed with specific period.

- Assist to Project team for coordination with vendors for pending invoices and to submit the same as per due date.

MIS submission:

- Assist project team in preparation of Project MIS to be submitted on timely basis.

- Ensure & Assist in successfully Completion of RBI compliances before due dates with accurate and complete information with regards to ODI Filing, APR, FLA relevant notifications issued from time to time and impacting MHRIL Banking operations.

- Assist in completion of internal audits within timelines with accurate and complete information e.g. ICOFR compliances, Banking compliances Due Diligence Report, UFCE, LEI registrations etc.

Skills & Experience required:

- Preferably a CA and/or MBA finance from tier 1/II college with over 10 to 12 years of project management exposure in a listed company where project management exposure should be in the range of Rs 100 Crs - Rs 500 Cr. project size.

- Having managed & worked with project team of listed companies and keeping practical knowledge of rules, regulations of Project Finance, Income tax, GST laws & other legal compliance with respect to project management

- Having sound working knowledge of project management of large size company, impact of Government Regulation on project finance & its compliance etc.

- Candidate must possess good presentation skill with good written and communication skill.

Additional manpower budget required (Justification):

- As MHRIL as a strategy plan, conducting various Project ranging between Rs.100 Crs to Rs.500 Crs, a dedicated Project management controller is required to have seamless integration with accounts/ Finance by creating interface through dedicated Controller - Project Accounts which will help MHRIL negotiation of work award, payment certification, evaluation of variation claim and avoiding duplication processes.

- Since the Project Team at MHRIL is diversified in terms of resorts, corporate, branches, and technology upgrade happening each year, a dedicated project management professional is required for strategy and implementation at various project who can take the lead.