Role & responsibilities

Finance Strategy, Planning & Business Support

- Lead the finance and accounting function for the entire thermal power plant.
- Partner with the Plant Head and functional heads to support business decisions through financial analysis, cost insights, and performance reviews.
- Develop financial plans, annual operating budgets, rolling forecasts, and long-term financial projections.
- Monitor financial performance against budgets and identify deviations, risks, and opportunities for improvement.
- Provide financial inputs for operational planning, maintenance shutdowns, major repairs, fuel procurement, and capital expenditure proposals.
- Establish robust financial controls and ensure compliance with corporate finance policies and delegation of authority.
- Prepare monthly financial performance reports and management information system (MIS) reports for management review.

Accounting & Financial Reporting

- Oversee day-to-day accounting operations, including general ledger, accounts payable, accounts receivable, bank accounting, fixed assets, provisions, accruals, and inter-unit transactions.
- Ensure timely monthly, quarterly, and annual financial closing.
- Ensure accurate preparation of trial balances, profit and loss statements, balance sheets, cash flow statements, and supporting schedules.
- Ensure compliance with applicable Accounting Standards / Ind AS, company policies, and corporate reporting requirements.
- Review accounting entries relating to fuel consumption, generation expenses, maintenance costs, employee costs,



stores and spares, contractor payments, and capital expenditure.
- Ensure proper accounting and reconciliation of advances, deposits, statutory dues, vendor balances, customer balances, and intercompany transactions.
- Coordinate with external auditors and Corporate Finance for statutory audits, tax audits, and other financial reviews.
- Maintain proper documentation and audit trails for all material financial transactions.

Budgeting, Cost Control & Plant Economics

- Lead preparation and consolidation of the annual operating budget and capital expenditure budget.
- Monitor actual expenditure against approved budgets and conduct variance analysis with relevant departments.
- Develop and monitor plant-specific financial KPIs, including:
- Cost of generation per unit (R/kWh).
- Fuel cost per unit of electricity generated.
- Fixed and variable generation costs.
- Auxiliary power consumption and its financial impact.
- Operations and maintenance expenditure per MW.
- Employee cost, stores and spares consumption, and contractor expenses.
- Capital expenditure utilization and project cost variances.
- Analyze the financial impact of plant availability, plant load factor (PLF), heat rate, specific coal consumption, auxiliary consumption, and other operational parameters.
- Work with Operations, Boiler, Turbine, CHP, Electrical, C&I.;

Preferred candidate profile Chartered Accountant From the Institute of Chartered Accounts of India with 17+ Years of experience after completion of CA.

📌 Head Finance and Accounts || AGM / DGM || Simhapuri & Shirpur (Nellore)
🏢 Jindal Power
📍 Nellore