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Financial Controller - Power Generation

Financial Controller - Power Generation

ConfidentialHyderabad / Secunderabad, Telangana
9 days ago
Job description

Financial Reporting & Analysis :

  • Oversee all aspects of financial management including the finalisation of accounts, budgeting, forecasting, and financial analysis.
  • Analyse financial performance, identifying trends, variances, and opportunitiesfor cost optimization and provide actionable insights to senior management.
  • Monitor financial metricsspecific to the energy sector.

Budgeting & Forecasting :

  • Collaborate with plant operationsto create accurate and realistic financial forecasts.
  • Manage financial aspects of offtake agreements and power purchase agreements(PPAs) and provide strategic insights to senior management.

    • Cost Management :

  • Oversee cost accounting activities, including tracking and reporting on fuel costs, maintenance expenses, and operational efficiencies.
  • Implementstrategiesfor cost control and reduction without compromising plant performance.
  • Analyse and report on key cost drivers and KPIs,such as variable and fixed O&M costs per MWh.

    • Compliance & Regulatory :

  • Ensure compliance with all relevant financial and industry regulations.
  • Prepare and submit regulatory reports as required.
  • Liaise with auditors and regulatory bodies during inspections and audits.

    • Internal Controls, Processes, and Risk Management :

  • Develop and maintain robust internal controlsto safeguard company assets.
  • Streamline accounting processesto enhance efficiency and accuracy.
  • Ensure accurate and timely recording of financial transactionsrelated to energy trading and hedging activities.
  • Implement best practices for risk management, including market risk, credit risk, and operational risk.
  • Ensure compliance pertaining to allstatutory regulationsincluding IT / GST / DISCOMS etc Team Leadership & Development :
  • Manage and mentor a team of accounting professionals.
  • Coordinate with other departments to ensure financial alignment with operational goals.
  • Promote cross-functional collaboration to support financial planning and analysisfor major capital projects and operational initiatives.

    • Candidate Profile :

  • Bachelor's or master's degree in accounting or finance along with professional accounting qualification (CA).
  • Minimum of 3 years of experience in accounting or finance in the core energy sector or power industry.
  • Strong understanding of accounting principles and financial analysis.
  • Proficiency in accounting software, Advanced Excel, and ERP systems.
  • Excellent interpersonal skills with the ability to interact professionally with all levels of the organization and external contacts.
  • Strong problem-solving skills and the ability to handle unexpected changes and demands in a fast-paced environment.
  • Ability to work collaboratively with cross-functional teams.
  • Strong organizational skills and the ability to manage multiple tasks and priorities efficiently.
  • Language : Command over English, Telugu, and Hindi.
  • Understanding of fuel efficiency ratios, heat rates, capacity utilization, and Levelized Cost of Electricity (LCOE).

    • Education

    Chartered Accountancy (C.A)

    Skills Required

    Financial Reporting, Financial Planning And Analysis, Statutory Compliance, Fund Raising

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    Financial Controller • Hyderabad / Secunderabad, Telangana