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R&D Finance Controller

R&D Finance Controller

ConfidentialMumbai, India
7 days ago
Job description

The R&D Controller is responsible for overseeing the financial and commercial performance of R&D projects. This role involves managing budgets, forecasts, reporting, and financial reporting to ensure alignment with strategic objectives.

Key Responsibilities :

  • Strategy and Planning :
  • Contribute to the development of R&D strategies and follow up on KPIs related to quality, delivery, and cost.
  • Ensure systematic analysis of project progress and completion.
  • Financial Management :
  • Responsible for the R&D budget and financial performance.
  • Create, analyse, and value the budget framework.
  • Optimize project cash flow and manage currency risk, tax issues, and project financing requirements.
  • Capitalization of project,
  • License fee calculation
  • Hourly rate calculation
  • Creation of Project & Closure of projects
  • Ownership of Complete financials for MACH.
  • Project Execution :
  • Prepare the Business Financial Execution Plan consistent with internal, contractual, and regulatory objectives.
  • Promote commercial awareness within the R&D team and provide commercial input to project execution plans.
  • Monitor claims and back-charges, coordinate regular project reviews, and identify risks with mitigation actions.
  • Collaboration : Working closely with various stakeholders, including product management, engineering, and operations teams. follow up for time writing and approval.
  • Leadership and Communication :
  • Support the R&D management team in budget-related issues and communicate budget directives.
  • Supervise project accountants, cost engineers, and field administrators as needed.
  • Compliance and Governance :
  • Implement internal control processes to avoid misstatement in financial statements.
  • Ensure corporate governance, compliance, assurance, and internal control.

Contacts :

  • External : Customers, external auditors etc.
  • Internal : Project managers, Engineers, project team, Peers, Accounting and Reporting, Finance and Tax, Legal and Compliance, Risk Management, Internal Audit, Marketing & Sales.

    Required Qualifications :

  • Proven experience as an R&D project controller
  • Proficiency in SAP S / 4HANA, FICO, SD-PS, MS Office, very strong excel skills.
  • Automation and process improvement mindset
  • Strong numerical and analytical skills.
  • Excellent attention to detail and organizational skills.
  • Service mindset
  • Good communication and negotiation skills.
  • Detail-oriented team player with the ability to adhere to strict deadlines.
  • Preferred Qualifications :

  • (Postgraduate with experience) MBA (Finance), CA, ICWA.
  • Familiarity with project management and financial software.
  • 8-10 Years of Experience in a R&D controlling or Project controlling within the construction, manufacturing or engineering industry (Mainly in Projects)
  • Skills :

  • Project Management Expertise : Strong project management skills and experience.
  • Financial Acumen : Understanding of financial concepts and budget management.
  • Communication Skills : Ability to communicate effectively with stakeholders and teams.
  • Analytical Skills : Ability to analyse project data and identify potential issues.
  • Technical Understanding : Familiarity with the technical aspects of the projects being managed
  • Note : Individual Contributor role

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    Skills Required

    Analytical Skills, Project Management, Financial Acumen, Ms Office

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