Project Controller - Finance

Designation: Project Controller

Qualification: ICWA / MBA Finance / CA / M.Com or Any Finance qualification

Years of experience: 8+ years in the similar construction industry

Description of Responsibilities:

Project Start Activities: -

• Understanding on the project scope of Works and preparation of Project summary.
• Calculation of Basic Order Value (Revenue) and Taxes and should matched with the Project Value/LOI Value.
• Calculation of Risk Value and opportunity of the projects.
• Arranging ABG/PBG and follow-up for the payment with the customer and preparation of Customer BG Tracker Sheet for each projects
• Arranging Project Insurance & other legal formalities and preparation of Insurance tracker in excel.
• Review of Billing Breakup finalized by Project Team.
• Review of Bid model/Cost sheet/Budget submitted by the Project Team.
• Review of Initial budget and updating of Budget in QPR /IRAF.

Running Activities: -

• Coordination with Project /Site Team and Preparation of Project Sales invoice as per GST & booking the same in the same day in Deal
• Submission of Project Sales invoice to the clients and timely follow up with the Customer /project for payment.
• Updating of Sales invoice in the Aging sheet on daily basis and report to CFO/Head Controlling on the monthly basis.
• Preparation and up-dattion of Collection register on every new invoice /Payment receipts in coordination with the Project Site Accountant.
• Review of Vendor BG and keeping the Project vendor BG tracker for Validity control purpose.
• Day to day monitoring of Project Budget and any major ups and down to be reported to the Project Manager.
• Verification of Purchase order /Agreement with the supporting (Quotation/PR etc) and raising red flag in case of Major Deviation.

Project Monthly Reports : -

• Review of Invoice collection register
• Review of Debtor aging sheet of the Project
• Review of Creditor again sheet of the Project
• Review of project cost and correction entry if required
• Revenue forecast of the Project
• Billing forecast of the Project
• Cash In forecast of the Project
• Cash Out forecast of the Project

Other Activities: -

• Involved in Improvement Process of Project Accounting including process improvements, system improvements, and standardization.
• Complying with the established policies & procedures to facilitate financial control.
• Reviewing of all transactions, Verification of all Project entries
• Review and Approval of Project Sales Invoice, Price Variation Invoice, Debit Note, Credit Note and submission to customer.
• Assist project Team for preparation of extra claim sheet and sales invoice for submission to customer.
• Detailed working on Price Variation and lodging of price variation claims with the Customers.
• Provided proactive support to the CFO during finalization of Statutory Audit., Internal Audit,Group Audit etc