Purpose/Objective

Head - CFMC is responsible for leading the Capital Financial Monitoring & Control (CFMC) function by formulating enterprise-wide strategies for capex and opex governance, budgeting, and fund utilization.

The role ensures robust financial planning, establishes standardized controls, and drives cost optimization across all capital projects.

It provides strategic assurance through validation of financial models, sensitivity analysis, and return metrics like IRR, DSCR, and ROCE.

The Head collaborates with senior stakeholders including Treasury, BU CFOs, and Technical/Commercial teams to maintain financial discipline, mitigate risks, and ensure alignment with organizational objectives and investment benchmarks.

Key Responsibilities of Role

Roles & Responsibilities Capex Financial Strategy: - Strengthen Capex planning with structured budgeting process, rolling forecasts, and identified key risk / assumptions for CEO project reviews — enabling improved fiscal discipline.

- Ensure standardization of all financial return metrics - such as Internal Rate of Return (IRR), Debt Service Coverage Ratio (DSCR), and Return on Capital Employed (ROCE)—across all capital projects.
- Embed scenario planning, sensitivity analysis, and investment prioritization into the budgeting process to enhance decision-making and resource allocation.
- Expand governance model to also cover Operational Capex (Capex of Opex), ensuring consistent standards, evaluation criteria, and controls across both project and operational investments.

Fund Deployment & Cash Flow Strategy: - Drive the end-to-end strategy for mobilization, allocation, and utilization (financial outflow vs actual physica process) of capital funds in partnership with the Treasury function, ensuring timely drawdowns and optimal fund flow management.

- Optimize Interest During Construction (IDC) by ensuring disciplined cash management, milestone-linked disbursements, and synchronized vendor payments.
- Include tracking of project cash flow, billing, and payments to ensure financial compliance, and audit capital projects to confirm efficiency and value creation.




- Establish fund deployment protocols that align with execution milestones to ensure project liquidity is sustained without idle capital buildup.

Governance & Assurance Frameworks: - Develop and institutionalize governance protocols, SOPs, and control and reporting mechanisms to ensure transparency, accountability, and compliance in all large-scale Capex undertakings.

- Take responsibility for the assurance & vigilance aspect on both project timelines, cost & integrity issues.
- Drive the financial due diligence and provide assurance on budget accuracy, cost assumptions, and financial inputs during the capital project approval process.
- Conduct internal audits, policy reviews, and third-party validations to reinforce confidence in capital deployment practices.
- Integrate fully into the Parivartan program to receive real-time reports and data for timely interventions.
- Maintain solid ground-level connect by spending significant time at project sites to validate execution realities.

Financial Reporting & Risk Control: - Oversee the creation and dissemination of high-quality financial reports, dashboards, and MIS covering budget utilization, capital efficiency, and variance analysis for leadership and board-level reviews.

- Ensure accurate tracking and reporting of financial KPIs during and after project execution, including post-commissioning return tracking and closure.
- Implement proactive financial risk identification and mitigation strategies throughout the capital lifecycle, including currency volatility, inflationary pressures, and cost overruns.
- Maintain heightened vigilance on project timelines, costs, and integrity issues.
- Identify, raise, and track resolution of such issues to the best of their ability, treating assurance as the prime responsibility of the role.





Value Engineering & Cost Optimization: - Analyze and optimize Capex BOQs and budget estimates and oversee value engineering initiatives and negotiations aimed at reducing capital costs, shortening project cycles, and improving asset efficiency without compromising on scope or quality.

- Support commercial negotiations by offering financial insight on cost structures, lifecycle cost implications, and long-term ROI impacts.
- Approve strategies related to material hedging, phased procurement, and contract timing to ensure pricing certainty and protect against market fluctuations.

Stakeholder & Policy Leadership: - Act as the financial lead and decision-making authority for high volume (above ₹ 10 crores) capital procurement transactions, working in collaboration with the Technical and Commercial (TC) committee.

- Engage with CEO, CFO, Business Unit CFOs, Project Directors, Group Strategy, and Treasury to address ground-level challenges, with the freedom as well as the responsibility to escalate matter directly to the Chairman / CHMO, wherever necessary.
- Have a monthly CFMC collaboration forum with Group Finance & Project leadership for knowledge sharing and learning.
- Champion financial discipline and policy alignment across all stakeholder groups, ensuring capital investments contribute effectively to long-term shareholder value.

Technical Competencies

Financial Reporting,Financial Modelling,Budget Management,Financial Regulatory Compliance,Billing Software & ERP Systems

Qualifications and Experience

Qualification and Experience: - Chartered Accountant Degree or an MBA (with finance background) or CFA Level 3 - B.

E / B.

Tech with at least 10 years of sectorial experience - PMP / MBA (Finance) will be an added advantage - 18+ years of experience in capital financial planning, project finance, or corporate finance - At least 10+ years of sectorial experience in a leadership role managing large-scale capex governance and financial control - Experience working with cross-functional project teams, treasury, and executive leadership

Capex Finance Controller - Head

📌 Capex Finance Controller - Head (Ahmedabad)
🏢 Adani Group
📍 Ahmedabad