Lead Project Finance & Accounting

Job Title : Lead Projects Accounts & Finance

Location : Corporate Office, Vadodara

Reporting To : CFO

About the Role

We are seeking a highly skilled professional to lead Capex Planning, Controls, and Commercial Oversight for our large-scale projects. The role demands strong financial acumen, cross-functional coordination, and hands-on experience in managing petrochemical or large industrial projects . The incumbent will play a critical role in ensuring financial discipline, transparent reporting, and effective risk / commercial management across the project lifecycle.

Key Responsibilities

1. Capex Planning & Control

Prepare and monitor project budgets vs. approved Capex.

Track commitments, payments, and forecasted cash flows.

Ensure alignment with financing plans and availability of funds.

Monitor deviations and provide early alerts to management.

2. Commercial & Contract Support

Partner with procurement / contract teams to evaluate commercial / financial terms.

Validate cost impacts of scope changes, variations, and claims.

Support negotiations with contractors / suppliers with financial impact analysis.

Ensure contracts safeguard owner’s interests (payment terms, LDs, escalation clauses, etc.).

3. Cost Visibility & Reporting

Maintain transparent dashboards for management visibility.

Track committed vs. actual vs. forecast costs across all packages.

Highlight cost overrun risks and potential savings opportunities.

Present monthly Capex utilization and cash flow forecasts.

4. Timely Payment & Fund Flow Management

Coordinate with finance / accounts for milestone-based disbursements.

Ensure compliance with payment terms and avoid penalties.

Monitor vendor invoices, certification, and payment cycles.

5. Risk & Compliance Oversight

Ensure adherence to internal Delegation of Authority (DOA).

Track project insurance, guarantees, and tax implications.

Monitor forex exposure and financing covenants (if funded by lenders).

6. Decision Support

Provide scenario analysis for change orders, delays, or alternate procurement options.

Highlight cost-benefits of engineering / technical changes.

Support management in balancing Capex with lifecycle costs.

Skills & Attributes

Strong understanding of Capex project lifecycles (EPC – Engineering, Procurement, Construction).

Sound knowledge of contracts & commercial terms.

Strong analytical, forecasting, and risk assessment skills.

Ability to coordinate across project, engineering, procurement, finance, and treasury teams.

Proactive in providing early warnings on overruns or cash flow mismatches.

Strong reporting and presentation skills at senior management level.

Education & Experience

Education : MBA with BE (preferred) or B. Com

Experience : 15+ years of experience

Prior experience in petrochemical or large-scale industrial projects .

Proven track record in Capex control, commercial management, and dispute resolution.

Interfaces : SCM, Project Managers, Process Engineers, Treasury, Accounts