Manager - F&A

Job Title: Financial Controller Power Generation

Location: Hyderabad (Madhapur)

Job Type: Full-time, Work From Office

Reports To: CFO

Position Overview:

• The Financial Controller, Accounting & Finance will oversee the financial activities of the Groups power generation assets, ensuring compliance with industry regulations, and providing accurate financial reporting.
• This role requires a deep understanding of the power business, particularly gas-fired operations, to effectively manage the plant's accounting functions and support strategic financial decision-making.

Key Responsibilities:

Financial Reporting & Analysis:

• Oversee all aspects of financial management including the finalisation of accounts, budgeting, forecasting, and financial analysis.
• Analyse financial performance, identifying trends, variances, and opportunities for cost optimization and provide actionable insights to senior management.
• Monitor financial metrics specific to the energy sector.

Budgeting & Forecasting:

• Collaborate with plant operations to create accurate and realistic financial forecasts.
• Manage financial aspects of offtake agreements and power purchase agreements (PPAs) and provide strategic insights to senior management.

Cost Management :

• Oversee cost accounting activities, including tracking and reporting on fuel costs, maintenance expenses, and operational efficiencies.
• Implement strategies for cost control and reduction without compromising plant performance.
• Analyse and report on key cost drivers and KPIs, such as variable and fixed O&M costs per MWh.

Compliance & Regulatory :

• Ensure compliance with all relevant financial and industry regulations.
• Prepare and submit regulatory reports as required.
• Liaise with auditors and regulatory bodies during inspections and audits.

Internal Controls, Processes, and Risk Management:

• Develop and maintain robust internal controls to safeguard company assets.
• Streamline accounting processes to enhance efficiency and accuracy.
• Ensure accurate and timely recording of financial transactions related to energy trading and hedging activities.
• Implement best practices for risk management, including market risk, credit risk, and operational risk.
• Ensure compliance pertaining to all statutory regulations including IT/GST/ DISCOMS etc

Team Leadership & Development :

• Manage and mentor a team of accounting professionals.
• Coordinate with other departments to ensure financial alignment with operational goals.
• Promote cross-functional collaboration to support financial planning and analysis for major capital projects and operational initiatives.

Candidate Profile :

• Bachelors or masters degree in accounting or finance along with professional accounting qualification (CA).
• Minimum of 5 years of experience in accounting or finance in the core energy sector or power industry.
• Strong understanding of accounting principles and financial analysis.
• Proficiency in accounting software, Advanced Excel, and ERP systems.
• Excellent interpersonal skills with the ability to interact professionally with all levels of the organization and external contacts.
• Strong problem-solving skills and the ability to handle unexpected changes and demands in a fast-paced environment.
• Ability to work collaboratively with cross-functional teams.
• Strong organizational skills and the ability to manage multiple tasks and priorities efficiently.
• Language: Command over English, Telugu, and Hindi.
• Understanding of fuel efficiency ratios, heat rates, capacity utilization, and Levelized Cost of Electricity (LCOE).

Perks and Benefits :

• Directly get to work with C-suite executives.
• Be a part of a high-growth organization.