Lead Project Finance - Vadodara - Deepak Group Co

    Deepak Group Co
    Deepak Group Co Vadodara

    3 days ago

    Description

    Job Title: Lead Projects Accounts & Finance

    Location: Corporate Office, Vadodara

    Reporting To: CFO

    About the Role

    We are seeking a highly skilled professional to lead Capex Planning, Controls, and Commercial Oversight for our large-scale projects. The role demands strong financial acumen, cross-functional coordination, and hands-on experience in managing petrochemical or large industrial projects. The incumbent will play a critical role in ensuring financial discipline, transparent reporting, and effective risk/commercial management across the project lifecycle.

    Key Responsibilities

    1. Capex Planning & Control

    • Prepare and monitor project budgets vs. approved Capex.
    • Track commitments, payments, and forecasted cash flows.
    • Ensure alignment with financing plans and availability of funds.
    • Monitor deviations and provide early alerts to management.

    2. Commercial & Contract Support

    • Partner with procurement/contract teams to evaluate commercial/financial terms.
    • Validate cost impacts of scope changes, variations, and claims.
    • Support negotiations with contractors/suppliers with financial impact analysis.
    • Ensure contracts safeguard owner's interests (payment terms, LDs, escalation clauses, etc.).

    3. Cost Visibility & Reporting

    • Maintain transparent dashboards for management visibility.
    • Track committed vs. actual vs. forecast costs across all packages.
    • Highlight cost overrun risks and potential savings opportunities.
    • Present monthly Capex utilization and cash flow forecasts.

    4. Timely Payment & Fund Flow Management

    • Coordinate with finance/accounts for milestone-based disbursements.
    • Ensure compliance with payment terms and avoid penalties.
    • Monitor vendor invoices, certification, and payment cycles.

    5. Risk & Compliance Oversight

    • Ensure adherence to internal Delegation of Authority (DOA).
    • Track project insurance, guarantees, and tax implications.
    • Monitor forex exposure and financing covenants (if funded by lenders).

    6. Decision Support

    • Provide scenario analysis for change orders, delays, or alternate procurement options.
    • Highlight cost-benefits of engineering/technical changes.
    • Support management in balancing Capex with lifecycle costs.

    Skills & Attributes

    • Strong understanding of Capex project lifecycles (EPC – Engineering, Procurement, Construction).
    • Sound knowledge of contracts & commercial terms.
    • Strong analytical, forecasting, and risk assessment skills.
    • Ability to coordinate across project, engineering, procurement, finance, and treasury teams.
    • Proactive in providing early warnings on overruns or cash flow mismatches.
    • Strong reporting and presentation skills at senior management level.

    Education & Experience

    • Education: MBA Finance with BE (preferred) or B. Com
    • Experience: 15+ years of experience
    • Prior experience in petrochemical or large-scale industrial projects.
    • Proven track record in Capex control, commercial management, and dispute resolution.

    Interfaces: SCM, Project Managers, Process Engineers, Treasury, Accounts


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