Project Cost Controller - Finance ( Coimbatore)

Job Responsibility:• Preparation of client invoices in accordance with the contract requirements• Co-ordination with the Client for approval on invoices, getting payments and various forms for compliance purposes• Maintain an updated billing register capturing details of all the billings till date, status on approval, payment, various deductions with categories and reasons, follow-up to collect the amounts deducted• Stringent monitoring and control on site expenses. Weekly reporting of project expenses in a specified format and reconciliation of SAP entries with invoices• Analysis on actual vs. budget costs and revenue on the project, highlight potential issues to the controller manager and project managers• Leading the activity of project actualization (actua) at HO defined frequency, co-ordinate with project team to get the required data, discuss with controller manager to prepare the finance related slides in actua presentation, upload the actua in SAP post approval from required people• Review of Kappa against the budgeted costs and highlight in case of costs exceeding the budget, check that adequate documents (quotations, budget sheet, comparative information, billing value, required authorizations, reasoning for deviations from minimum quotations, budget overruns, non-lowest offer, non-compliance with payment terms) are attached with the Kappa• Sharing of project slides for monthly business review in accordance with timeline defined by the project team keeping controller manger in loop• 1. Comprehensive check on provisions to ensure that provisions are accurate, complete for monthly closing and in line with accounting rules and HO instructions2. Confirm to controller manager for material and services received between the cut off date and end of month (30th/31st)• Monthly cash verification and surprise verification at least once a month. Reporting of results to HO team (controller manager and IFC team)• Lead and supervise the compliance on Internal Financial Controls (IFC) as defined by HO in the Risk and Control Matrix (RCM), covering the following areas: - Inventory, Petty Cash, site payments, documentation, Kappa/PO, supplier selection, etc. - Check that cash and bank expenses are supported with relevant documents and are in compliance with TDS rules and HR Policy. No advances to employees for personal use as the same needs to be approved by central HR - Proactively highlight potential risks to controller manager • Monitoring of ABG, PBG, any other guarantees, insurances to ensure that these are timely renewed, reduced as per contractual conditions. • Compliance with tax regulations • Provide all the required support to execution team and being an integral part of the project team. Become a core finance support to the team for all finance related matters on site. Anticipate issues, discuss with controller manager and take proactive actions to resolve issues• Time sheet (on-roll staff)- 1. Timely filling of man days for self against respective project 2. Check that the timesheets of the staff working on his project are filled timely and properly• Supervise the day to day work of site accountant, provide guidance and support for efficient conduct of site tasks• Support to central controlling team on various analysis, adhoc requestsEducational Qualification:MBA Finance / CA-Inter / ICWAWork Experience:Total Experience of 8 to 15 Years PRB