Financial Controller

Below is a comprehensive (JD) for Finance Controller tailored for a renewable energy business with solar, wind, hybrid, and captive power projects.

Finance Controller

Location- Mumbai Corporate office

Reporting To Chief Financial Officer (CFO)

Position Summary

The Finance Controller will lead the finance and accounting function, ensuring robust financial governance, accurate reporting, regulatory compliance, treasury management, project finance support, and business partnering for renewable energy operations. The role requires strong expertise in financial control, budgeting, forecasting, taxation, project accounting, and stakeholder management within infrastructure, energy, or renewable sectors.

Key Responsibilities

Financial Control & Reporting

• Lead the preparation of monthly, quarterly, and annual financial statements in compliance with Ind AS and applicable statutory requirements.
• Ensure timely closing of books and preparation of management reports.
• Develop and maintain robust financial controls, accounting policies, and reporting processes.
• Monitor financial performance and recommend corrective actions to achieve business objectives.
• Analyse variances against budgets and forecasts and provide management insights.

Budgeting & Business Planning

• Drive annual budgeting, rolling forecasts, and long-term financial planning.
• Partner with business leaders to evaluate project profitability and operational efficiency.
• Establish financial KPIs and monitor business performance.
• Support strategic initiatives through financial modelling and scenario analysis.

Project Finance & Renewable Energy Accounting

• Oversee accounting and financial monitoring of renewable energy projects including solar, wind, hybrid, and storage projects.
• Monitor project costs, capital expenditure, and asset capitalization.
• Ensure compliance with financing agreements, lender covenants, and project-specific requirements.
• Support project bid evaluations and investment decisions through financial analysis.

Audit & Risk Management

• Lead internal audit, statutory audit, and lender audit activities.
• Strengthen internal controls and risk management frameworks.
• Address audit observations and implement corrective actions.
• Ensure adherence to corporate governance policies.

Stakeholder Management

• Act as a key finance partner to business heads, project teams, procurement, legal, and commercial functions.
• Support Board, Audit Committee, and senior management reporting.
• Manage relationships with auditors, consultants, banks, investors, and regulatory authorities.

Team Leadership

• Lead and develop a high-performing finance and accounts team.
• Drive process improvement, automation, and digital transformation initiatives.
• Foster a culture of accountability, compliance, and continuous improvement.

Qualifications

• Chartered Accountant (CA) mandatory.

• Additional certifications such as CFA, CMA, or FRM will be an advantage.

Experience

• 20-22 years of progressive finance experience.
• Minimum 5 years in a leadership role managing finance and accounting functions.
• Prior experience in Renewable Energy, Power, Infrastructure, EPC, Utilities, or Energy sectors preferred.
• Strong preference to candidate having Renewable Energy exposure
• Exposure to project finance, infrastructure accounting, and lender reporting is highly desirable.

Technical Competencies

• Strong knowledge of Ind AS, Companies Act, and financial reporting standards.
• Expertise in budgeting, forecasting, treasury, and financial planning.
• Sound knowledge of GST, direct taxation, and regulatory compliance.
• Experience with ERP systems such as SAP, Oracle, Microsoft Dynamics, or similar platforms.
• Advanced financial modelling and analytical skills.
• Strong understanding of project accounting and infrastructure finance.

Leadership Competencies

• Strategic thinking and commercial acumen and assist CEO/ CFO in decision making
• Excellent stakeholder management skills.
• Strong decision-making and problem-solving capabilities.
• High level of integrity and governance orientation.
• Should have good interpersonal skills to handle senior management.
• Ability to manage multiple priorities in a fast-paced environment.

Key Success Metrics

• Timely and accurate financial reporting.
• Zero significant audit and compliance issues.
• Effective cash flow and working capital management.
• Budget adherence and financial performance improvement.
• Strengthened financial controls and governance.
• Successful support of project financing and growth initiatives.