Senior Team Lead - Audit

Job Purpose

The objective is to ensure MOU Contractors Monthly Cost Statement (MCS) is processed in line with MOU Contract. Weekly payment to Contractor, Monthly MCS Audit, periodic material reconciliation, Cost allocation and Capitalization and to ensure contracts are closed. To check on compliance with GST Laws on posting GST documents/Credit note towards recovery as confirmed by other departments. Circulation of various MIS on periodic basis.

Job Accountabilities

• Providing SAP Support to MOU Contractors for FI as well as MM Module. Also, co-ordination with SAP Team for solution of any error. Training also to be provided to MOU Contractor for MIRO/JV entries in SAP, MCS Creation in SAP.
• Validate & process weekly Cash flow raised by MOU Contractor with due approval of competent Authority. Co-ordination with HO-AP Team for release of funds.
• Carry out Audit of Monthly Cost Statement submitted by MOU Contractor as per the approved check list with respect to various heads; Prepare and finalize audit report on MCS.
• Bifurcation of MCS cost at work order/ header level and obtaining the GST invoice. Creation of Service Entries for the GST invoice submitted by MOU Contractor. Providing settlement of advance payment against the GST invoice to HO-AT team.
• Regular follow ups with MOU Contractors for submitting MCS, client bills, FIM reconciliations certified by area and commodity managers, Reply of Audit Queries, submission of WBS / facility wise materials consumed. Consumption booking in SAP in line with WBS/ facility wise consumption details.
• Periodic working statement for the payment of Compensation. Need to ensure that required documents are submitted by MOU Contractors and the compliance have been done.
• Final closure of Contract and Recovery working of MOU Contractor. Ensure that all left order material and scrap are returned.

• Exposure to handle similar MOU Contract administration.
• Working knowledge of SAP.
• Interaction with cross functional team for contract closure and other issues.
• Analytical and commercial orientation.
• Knowledge on Laws relating to contracting, labour, and arbitration.
• Result oriented and Ownership Mindset.
• Lead and Mentor large team.

• Chartered Accountant with 7 + years of experience in handling Mega/ Large Capex Cycle.
• Experience of working on SAP and knowledge of other Project systems
• Experience in Accounts payable/payments validation or commercial department.
• Knowledge of procurement and contracting process.
• Good Analytical Ability/Commercial Acumen