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Lead Project Finance & Accounting

Lead Project Finance & Accounting

Deepak Group CoVadodara, Gujarat, India
17 days ago
Job description

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

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    Finance Lead • Vadodara, Gujarat, India

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