Reliance Power - Chief Accounts Officer

Qualification :

Essential : CA

Preferred : CWA / CS

Key Competencies :

- High analytical skills

- Strategic Planning & proactive risk assessment

- Monitor initiatives for Capex & Opex Optimization

Key Responsibilities :

Financial :

- Establishes and maintains metrics in support of performance measurement reporting.

- Develop all short and long-term financial plans in a coordinated effort with Corporate Planning and Budgeting for the operating company to identify financial opportunities to improve profitability in order to maximize returns, support external ratings and regulatory filings.

- Develop & implement AOP for Finance & Accounts in line with the Business Plans.

- Supports various financial forecasting efforts for mid-month, monthly, quarterly and annual requirements. Perform periodic financial analysis (weekly, mid-month, monthly, quarterly, etc- ) for the thermal power plants operating expenses, capital expenditures and revenues, and support monthly and annual financial closing process.

- Provides capital accounting support for the plant A&F, including the closeout and unitization of capital projects.

- Provides accounting and financial guidance by properly applying GAAP, FERC and Sarbanes-Oxley guidelines.

- Establishes financial records systems in accordance with generally accepted auditing standards and accounting principles.

- Directs the preparation of all financial reports, including income statements, balance sheets, reports to shareholders, tax returns, and reports for government regulatory agencies.

- Reviews reports to analyze projections of sales and profit against actual figures, budgeted expenses against final totals, and suggests methods of improving the planning process as appropriate.

- Analyses company operations to pinpoint opportunities and areas that need to be reorganized, downsized, or eliminated.

- Reconciles or supervises reconciliation of budget file to fund balances of annual report.

- Compliance to all statutory requirements like Service Tax, Income tax, WCT etc.

- Preparation of financial statement in compliance with Accounting standards and Companies Act.

Operational :

- Oversees the finance and accounting functions, including auditing, payroll, accounts payable.

- Facilitates the prioritization of planned Operational and Capital expenditures and maximize the recovery of cost through the regulatory process.

- Coordinates with corporate and central business functions to facilitate Operational and Capital spending plans in alignment with corporate strategy.

- Facilitates for IT enabled (SAP) Capital resource allocation in alignment with corporate strategy, financial constraints and the regulatory plan.

- Oversees the approval and processing of revenue, expenditure and position control documents, department budgets, mass salary updates, and the maintenance of accounts and ledgers, ensuring compliance with appropriate government/University regulations and policies, and ensuring maintenance of appropriate internal control safeguards.

- Coordinates schedule between external auditors and internal staff assignments; responds to audit management letters; conducts cash audits if required.

- Compliance and improvement of system and process in SAP.

- Establishes and maintains internal audit procedures.

Customer :

- Establish & Maintain effective strategic relationships with key stakeholders, vendors, Customers, Partners, Government Officials, Bureaucrats and all related local/ regional regulatory/ statutory government authorities

- Maintain high level of customer care and satisfaction in line with organizational objectives and achieve the target client rating.

People :

- Responsible for Talent job rotation, development, succession planning & leadership development across various plants.

- Responsible for fostering team culture in line with the Organizational values and maintain a team spirit within groups.

- Nurture talent and foster meritocracy to achieve high levels of Performance, productivity and employee engagement.