Divisional Manager- Finance (Jamshedpur)

Divisional Manager- Finance (Jamshedpur)

28 Oct
|
TATA STEEL UTILITIES AND INFRASTRUCTURE SERVICES
|
Jamshedpur

28 Oct

TATA STEEL UTILITIES AND INFRASTRUCTURE SERVICES

Jamshedpur

Role & responsibilities

- Lead the preparation of Annual Business Plans, Operating Budgets, Rolling Forecasts, and Long-Term Financial Plans.
- Drive financial planning aligned with strategic business objectives and growth initiatives.
- Monitor budget utilization, variance analysis, and corrective action plans.
- Support management in investment decisions through financial modeling and scenario analysis.
- Conduct project feasibility studies, capital expenditure evaluations, and post-investment reviews.
- Evaluate project viability through project appraisal, financial due diligence, IRR, NPV, payback, and sensitivity analysis.
- Establish project budgets, cost baselines, and profitability benchmarks.
- Conduct periodic Cost-to-Complete (CTC) reviews and forecast project profitability.
- Monitor project cost overruns, change orders, and commercial risks.
- Ensure timely identification and mitigation of project financial risks impacting margins and cash flows.
- Review project revenue recognition, percentage-of-completion accounting, and project closure accounting.
- Ensure maintenance of accurate books of accounts in compliance with Ind AS, Companies Act, and applicable accounting standards.
- Lead monthly, quarterly, and annual financial closing processes within stipulated timelines.
- Prepare financial statements, management reports, and board presentations.
- Drive automation and process improvements in financial reporting.
- Establish and strengthen internal financial controls and governance frameworks.
- Ensure compliance with corporate policies, statutory regulations, and delegated authority matrices.
- Monitor financial, commercial, and operational risks with implementation of mitigation plans.
- Review contracts and commercial agreements to safeguard company interests.
- Drive process standardization and continuous improvement initiatives.
- Ensure timely compliance with GST, Income Tax, TDS, PF, ESI, and other applicable laws.
- Manage tax planning, assessments, audits, appeals, and reconciliations.




- Monitor tax exposures and ensure compliance with changing regulatory requirements.
- Liaise with statutory authorities, consultants, and auditors on taxation matters.
- Ensure closure of audit observations within agreed timelines.
- Monitor implementation of corrective and preventive actions.
- Strengthen governance and compliance through audit learnings.
- Optimize working capital through effective management of receivables, payables, inventory, and retention balances.
- Monitor Cash-to-Cash (C2C) Cycle and implement initiatives to improve liquidity and free cash flow.
- Review project cash flow forecasts and funding requirements.
- Ensure timely billing, certification, and collection from customers.
- Monitor customer outstanding, ageing analysis, and collection efficiency.
- Review contractual claims, variations, escalation recoveries, and retention receivables.
- Drive reduction in overdue debtors and improvement in DSO (Days Sales Outstanding).
- Develop and present MIS dashboards covering profitability, working capital, project performance, and key financial metrics.
- Analyze project-wise, customer-wise, and business-unit-wise profitability.
- Identify opportunities for cost optimization, value enhancement, and margin improvement.
- Support management decision-making through actionable business insights
- Develop and present MIS dashboards covering profitability, working capital, project performance, and key financial metrics.
- Analyze project-wise, customer-wise, and business-unit-wise profitability.
- Identify opportunities for cost optimization, value enhancement, and margin improvement.
- Support management decision-making through actionable business insights
- Lead, mentor, and develop the Finance & Accounts team.
- Build a high-performance culture through capability development and succession planning.
- Partner with business, operations, procurement, project teams, and senior leadership to achieve organizational goals.
- Drive ERP optimization, digitization, and process automation initiatives (SAP/S4 HANA).

📌 Divisional Manager- Finance (Jamshedpur)
🏢 TATA STEEL UTILITIES AND INFRASTRUCTURE SERVICES
📍 Jamshedpur

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