Financial Controller-GWEL

Responsibilities:

• Oversee timely monthly, quarterly, and annual financial closures across all Energy business entities ensuring compliance with Ind-AS, Companies Act, accounting standards, and internal governance requirements.
• Lead consolidation of financial statements across multiple Special Purpose Vehicles (SPVs) including thermal, solar, wind, and international energy assets.
• Review Profit & Loss Account, Balance Sheet, Cash Flow Statements, and Management Reports, providing meaningful variance analysis and business insights.
• Ensure accuracy of General Ledger accounting, cost center allocations, inter-company reconciliations, provisioning, accruals, and balance sheet schedules.
• Drive standardization of accounting practices and maintain audit-ready financial records across all locations.
• Coordinate with business, treasury, taxation, and corporate finance teams to ensure seamless financial reporting and compliance.

KPIs:

• Financial closure within agreed timelines.
• Accuracy and completeness of financial reporting.
• Number of post-closure adjustments.
• Zero material audit qualifications.
• Compliance with statutory and group reporting requirements.

Responsibilities:

• Oversee end-to-end receivables management including billing, collection, reconciliations, provisioning, claims management, and dispute resolution.
• Ensure timely realization of receivables from customers under Power Purchase Agreements (PPAs), merchant power sales, renewable energy contracts, and other revenue streams.
• Monitor ageing analysis and implement strategies for reduction of overdue receivables.
• Ensure revenue recognition is carried out in line with applicable accounting standards, tariff regulations, contractual obligations, and regulatory guidelines.
• Strengthen controls to prevent revenue leakages and improve collection efficiency.
• Ensure compliance with GST, TDS, and other applicable tax requirements relating to revenue transactions.

KPIs:

• Days Sales Outstanding (DSO).
• Collection efficiency percentage.
• Reduction in receivables aged above 90 days.
• Revenue realization against billing.
• Accuracy of revenue recognition.

Responsibilities:

• Ensure timely processing and payment of invoices for fuel suppliers, EPC contractors, O&M vendors, consultants, and service providers.
• Strengthen controls around purchase order matching, GR/IR reconciliation, approval workflows, and MSME compliance.
• Monitor payable ageing and optimize vendor payment cycles while maintaining healthy supplier relationships.
• Coordinate with treasury and business teams to improve working capital efficiency and cash utilization.
• Ensure compliance with contractual commitments, statutory regulations, and payment governance frameworks.
• Drive automation and process improvements within the procure-to-pay cycle.

KPIs:

• SLA adherence for vendor payments.
• Accounts Payable ageing improvement.
• Working capital efficiency.
• Vendor satisfaction index.
• MSME and statutory compliance adherence.

Responsibilities:

• Prepare and present periodic MIS reports for leadership, board reviews, lenders, investors, and corporate management.
• Support group-level consolidation and reporting requirements with high data accuracy and consistency.
• Develop analytical dashboards and financial performance reports highlighting key trends, risks, and opportunities.
• Provide actionable insights on profitability, operational performance, cost structures, and business drivers.
• Continuously improve reporting quality, automation, and decision-support mechanisms.

KPIs:

• Timeliness of MIS submissions.
• Accuracy of management reports.
• Quality and relevance of analytical insights.
• Stakeholder satisfaction score.
• Automation and reporting efficiency improvements.

Responsibilities:

• Monitor cash flows across all business entities and ensure optimum utilization of available funds.
• Coordinate with treasury for debt servicing, fund raising, banking operations, letters of credit, and liquidity management.
• Track bank balances, working capital requirements, short-term funding needs, and financial commitments.
• Support refinancing initiatives, capital restructuring projects, and financing transactions.
• Provide cash flow forecasts and funding plans to support business continuity and growth objectives.

KPIs:

• Cash flow adequacy and accuracy.
• Working capital optimization.
• Treasury coordination effectiveness.
• Debt servicing compliance.
• Liquidity management efficiency.

Responsibilities:

• Lead statutory audits, internal audits, tax audits, CAG audits, and special reviews across business entities.
• Ensure timely closure of audit observations and implementation of corrective actions.
• Strengthen financial controls, governance mechanisms, and process compliance across finance operations.
• Ensure compliance with Ind-AS, GST, Income Tax, Companies Act, FEMA, and sector-specific regulatory requirements.
• Drive standardization of finance SOPs, policies, and control frameworks across locations.
• Promote a risk-aware culture and ensure continuous monitoring of compliance obligations.

KPIs:

• Audit closure without major observations.
• Timely closure of audit findings.
• Compliance adherence percentage.
• Internal control effectiveness.
• Reduction in process and compliance risks.

Responsibilities:

• Collaborate with business leadership teams to drive profitability, operational efficiency, and cost optimization initiatives.
• Provide financial support for evaluation of new projects, acquisitions, business expansion, tariff submissions, and investment opportunities.
• Assess business performance and recommend corrective actions to improve financial outcomes.
• Support strategic planning, budgeting, forecasting, and long-term business decision-making.
• Deliver value-added financial insights enabling informed management decisions.

KPIs:

• Cost optimization and savings achieved.
• Quality of strategic decision support.
• Forecasting and budgeting accuracy.
• Business stakeholder satisfaction.
• Contribution to profitability improvement initiatives.

Responsibilities:

• Build and develop a high-performing finance team through coaching, mentoring, succession planning, and capability enhancement initiatives.
• Identify competency gaps and implement technical, functional, and leadership development programs.
• Foster a culture of accountability, collaboration, innovation, and continuous improvement.
• Conduct regular performance reviews and create development plans for team members.
• Drive employee engagement, retention, and knowledge-sharing initiatives within the finance function.
• Encourage adoption of best practices, digital tools, and process excellence methodologies.

KPIs:

• Team attrition rate.
• Employee engagement score.
• Training and upskilling participation percentage.
• Internal talent development and succession readiness.
• Team productivity and performance improvement metrics.