Meenakshi Energy - Head - Finance & Treasury

JOB PURPOSE:

- The Manager - Finance is responsible for effective and efficient management and maintenance of financial systems, practices, controls and reports in order to support achievement of the financial objectives of the company.

- The Finance Manager is responsible for the Company's finance compliance, financial planning, accountable for financial performance.

CORE COMPETENCIES:

Functional

- Oversees and monitors the scheduling, pricing, accounting and technical performance of various contracts, projects and programs.

- Coordinates the support of project requirements for Contracts, Subcontracts, Accounts Receivable, Finance, Human Resources and Accounts payable.

- Developing and implementing both commercial and strategic relationships with all the lenders handling two different structures of financing.

- Ensuring all financial resources to repay the loan and to support the operational activities.

- Supporting improvements in financial performance through improved financial practices and analysis.

- Develop local risk policy and best practice in debt and cash management.

- Responsible for analyzing and generating reports to determine the overall financial status of programs and projects.

- Foster the development and review of cost schedule baselines, develops and or reviews work completion, and possesses a complete understanding of related financial policies.

- Make sure that all Division-level business managers keep within their budget making sure that no one goes over before the crisis happens.

- Tracks all project deliverables and has responsibility for their timely delivery to and acceptance by the customers.

Behavioral

- Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

- Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

- Monitoring - Monitoring/Assessing performance of you, other individuals, or organizations to make improvements or take corrective action.

- Time Management - Managing one's own time and the time of others.

- Coordination - Adjusting actions in relation to others' actions.

- Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.

KEY ACCOUNTABILITIES:

Description Performance Indicators

Innovative Financial Planning

- Treasury activities

- Cash flow analysis

- Cost controlling & bench marking

- Inventory management

- Financial performance - Percentage of derivative transactions that are accurately recorded.

- Percentage of recorded derivative transactions that represent assets or liabilities of the organization.

- Percentage of off-balance sheet derivative transactions that are recorded in the financial statements in the appropriate period.

- Cash and equivalents as a percentage of assets.

- Net Change in Cash

Innovative Commercial Planning

- Input for agreement negotiations and tariff setting

- Input over coal supply agreements

- Supporting commercial activities -

Definite compliance

- Monitoring investment cost

- Contingency budgeting -

Project Financing

- Updating financial bank models

- Financial covenants

- Operating budget & business plans

- Base case reconciliation

- Cash flow updating

- Dividend optimization

- Working capital analysis

- Foreign exchange hedging - After-tax Return on Equity (ROE).

- Pre-tax Return on Equity (ROE).

- Net present value (NPV) - excess or shortfall of cash flows, in present value (PV) terms, once financing charges are met.

- The internal rate of return (IRR) - Indicator of the efficiency of an investment

Financial Audit

- Planning & Risk Assessment

- Internal controls testing

- Substantive procedures

- Finalization -

Contract Financials

- Firm Fixed Price Contracts (FFP)

- Fixed Price Incentive Contracts (FPI)

- Fixed Price Level of Effort (FPLOE)

- Time and Materials Contract (T&M)

- Cost Plus Award Fee (CPAF)

- Cost Plus Fixed FEE (CPFF)

- Hybrid Contracts -

Risk Management

- Commodities

- Implementing the local risk policy

- Implementing rolling risk reports

- Implementing whole risk assessment

- Monitor and manage key financial & operational risks

Debt Management

- Lender relationship management

- Finalize and optimize funding

- Monitoring the correct executions

- Support lenders and stakeholders - The value of repeat business expressed as a percentage of turnover

- Debtor days are a measure of the average time payment takes.

- Creditor days are the average time that a company takes to pay its creditors.

- Percentage of bad debts against invoiced revenue.

JOB ZONE:

Education & Skills:

- Essential: Bachelor's Degree / Master's Degree in Commerce / Finance / Accounts

- Essential: Master's Degree in Financial management / MBA or equivalent

- Specialization : Financial Management

- Desirable: Exposure to Corporate Finance or similar software & Experience of GAAP

- Desirable Certification: CFA / MST

- Working knowledge of SAP and Hyperion to enable data extract and reconciliation

Experience:

- Minimum 10 to 15 years of exposure in financial management process in corporate environment in energy or EPC sector

- Proficiency with Microsoft Excel, PowerPoint, Word and hands on experience with accounting and tax systems software packages such as Thompson tax, Excel, Word, Outlook, Epicor or equivalent general ledger software.

- Experience with financial reporting for project financing.