Project Controller - Mumbai, India - Aveva

Aveva

Verified Company

Mumbai, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

AVEVA is a global leader in industrial software.

Our cutting-edge solutions are used by thousands of enterprises to deliver the essentials of life - such as energy, infrastructure, chemicals and minerals - safely, efficiently and more sustainably.

We're the first software business in the world to have our sustainability targets validated by the SBTi, and we've been recognized for the transparency and ambition of our commitment to diversity, equity, and inclusion.

We've also recently been named as one of the world's most innovative companies.

Location:

Mumbai Type:

Full time permanent Path: Individual Contributor About the Role When you join AVEVA's Research & Development team, you are joining a global team of over 2000 engineers and computer scientists.

We work on over 75 leading industrial automation and engineering products. Our focus, passion, and collaboration help us to deliver innovative, high-quality, and secure industrial software that delights our customers. At AVEVA, we're all about limitless possibilities.

Are you? The Project Controller has responsibility for the Project controlling of all the services contracts for all India entities.

Reporting to the Financial Controller, the Project Controller is part of a small in-house Financial Control team which is supported by a shared service center.

At AVEVA the Financial Control function has full ownership for the entity ledgers, accounting, tax, compliance, treasury and reporting.

In this role you will:

Provide insightful project financial and commercial analysis to Finance, Delivery and Sales leadership
Implement consistent processes and templates for Aveva projects business
Help to manage risk and opportunities in the project's business and drive margin improvement
Ensure compliance with internal project controls, Global Services policies and IFRS
Lead and prepare insightful and valueadding analysis and reporting to stakeholders in a timely manner: analyze trends and deviations in performance, quantified risks and recommend corrective actions to Management. Help to deploy mitigation plans and identify variation order opportunities.
Involve in the Major Projects Review session with the Regional and Global delivery team.
Monthly and quarterly revenue, cost, margin and cash forecasting by assessing actual costs incurred and physical progress achieved with the phases of the projects.
Collaborate with key stakeholders (such as Project Managers, Finance Business Partner, Commercial teams, PMO, Risk, Credit, FP&A team, Supply Chain team, etc to develop an understanding of the business and the key drivers of performance
Preparation, analysis and presentation of the monthend results, communicate issues and prewarning of any major gaps to the financial commitment.
Advise on the accrual management for unbilled contract balances, AR provision, and project exchange gain/losses provision when necessary.
Support and challenge the project team on new business opportunities and assumption
Perform and complete ad hoc analysis of financial results drawing out key drivers and insights
Challenge the status quo to identify inadequate business processes and recommend improvements to obtain efficiency
Review and drive the outsourcing strategy to build the relationship and support with the overseas team whilst optimizing the value created and delivered to the business
Drive consistency, standardization and efficiency amongst common outcomes/objectives across the business and team
Work with regional finance and delivery teams to establishes GEET Labour rates on an annual basis and maintains overhead recovery model. Monitors actual and proposes adjustments to GEET rates if necessary.
Provide necessary details/documents and give explanations to external and internal auditors
Review aging of Project contract assets, contract liabilities and Accounts Receivables to check any unusual balances
Ensuring customer Invoicing is raised as per Milestones.
Support the project booking, release, closure process in the ERP system.
Review and support any project plan cost adjustments About AVEVA AVEVA is a global leader in industrial software, driving digital transformation and sustainability. By connecting the power of information and artificial intelligence with human insight, AVEVA enables teams to use their data to unlock new value. We call this Performance Intelligence. AVEVA's comprehensive portfolio enables more than 20,000 industrial enterprises to engineer smarter, operate better and drive sustainable efficiency. AVEVA supports customers through a trusted ecosystem that includes 5,500 partners and 5,700 certified developers around the world. The company is headquartered in Cambridge, UK, with over 6,500 employees and 90 offices in over 40 countries. We take pride in our core values and the diversity of our people, valuing the unique experience and expertise that people from different backgrounds bring to our business. AVE