Financial Controller-GWEL -

Job description

**Role Summary/Purpose** The Financial Controller for Energy business is responsible for ensuring robust financial controllership, accurate accounting, disciplined working capital management, and strong governance across all Energy entities (thermal, renewables, and Smat Metering). The role acts as the custodian of financial integrity, overseeing accounting, AR/AP, financial reporting, MIS, and audit, while ensuring regulatory compliance and supporting strategic decision-making. **Key Accountabilities and Performance Indicators** The responsibilities/duties associated with the job. and the factors related individual’s performance are defined : • Financial Accounting, Closing and Reporting Responsibilities: • Oversee timely monthly, quarterly, and annual financial closures across all Energy business entities ensuring compliance with Ind-AS, Companies Act, accounting standards, and internal governance requirements. • Lead consolidation of financial statements across multiple Special Purpose Vehicles (SPVs) including thermal, solar, wind, and international energy assets. • Review Profit & Loss Account, Balance Sheet, Cash Flow Statements, and Management Reports, providing meaningful variance analysis and business insights. • Ensure accuracy of General Ledger accounting, cost center allocations, inter-company reconciliations, provisioning, accruals, and balance sheet schedules. • Drive standardization of accounting practices and maintain audit-ready financial records across all locations. • Coordinate with business, treasury, taxation, and corporate finance teams to ensure seamless financial reporting and compliance. KPIs: • Financial closure within agreed timelines. • Accuracy and completeness of financial reporting. • Number of post-closure adjustments. • Zero material audit qualifications. • Compliance with statutory and group reporting requirements. • Accounts Receivable and Revenue Assurance Responsibilities: • Oversee end-to-end receivables management including billing, collection, reconciliations, provisioning, claims management, and dispute resolution. • Ensure timely realization of receivables from customers under Power Purchase Agreements (PPAs), merchant power sales, renewable energy contracts, and other revenue streams. • Monitor ageing analysis and implement strategies for reduction of overdue receivables. • Ensure revenue recognition is carried out in line with applicable accounting standards, tariff regulations, contractual obligations, and regulatory guidelines. • Strengthen controls to prevent revenue leakages and improve collection efficiency. • Ensure compliance with GST, TDS, and other applicable tax requirements relating to revenue transactions. KPIs: • Days Sales Outstanding (DSO). • Collection efficiency percentage. • Reduction in receivables aged above 90 days. • Revenue realization against billing. • Accuracy of revenue recognition. • Accounts Payable and Working Capital Management Responsibilities: • Ensure timely processing and payment of invoices for fuel suppliers, EPC contractors, O&M vendors, consultants, and service providers. • Strengthen controls around purchase order matching, GR/IR reconciliation, approval workflows, and MSME compliance. • Monitor payable ageing and optimize vendor payment cycles while maintaining healthy supplier relationships. • Coordinate with treasury and business teams to improve working capital efficiency and cash utilization. • Ensure compliance with contractual commitments, statutory regulations, and payment governance frameworks. • Drive automation and process improvements within the procure-to-pay cycle. KPIs: • SLA adherence for vendor payments. • Accounts Payable ageing improvement. • Working capital efficiency. • Vendor satisfaction index. • MSME and statutory compliance adherence. • MIS, Analytics and Management Reporting Responsibilities: • Prepare and present periodic MIS reports for leadership, board reviews, lenders, investors, and corporate management. • Support group-level consolidation and reporting requirements with high data accuracy and consistency. • Develop analytical dashboards and financial performance reports highlighting key trends, risks, and opportunities. • Provide actionable insights on profitability, operational performance, cost structures, and business drivers. • Continuously improve reporting quality, automation, and decision-support mechanisms. KPIs: • Timeliness of MIS submissions. • Accuracy of management reports. • Quality and relevance of analytical insights. • Stakeholder satisfaction score. • Automation and reporting efficiency improvements. • Cash Flow, Treasury Coordination and Liquidity Management Responsibilities: • Monitor cash flows across all business entities and ensure optimum utilization of available funds. • Coordinate with treasury for debt servicing, fund raising, banking operations, letters of credit, and liquidity management. • Track bank balances, working capital requirements, short-term funding needs, and financial commitments. • Support refinancing initiatives, capital restructuring projects, and financing transactions. • Provide cash flow forecasts and funding plans to support business continuity and growth objectives. KPIs: • Cash flow adequacy and accuracy. • Working capital optimization. • Treasury coordination effectiveness. • Debt servicing compliance. • Liquidity management efficiency. • Audit, Internal Controls and Regulatory Compliance Responsibilities: • Lead statutory audits, internal audits, tax audits, CAG audits, and special reviews across business entities. • Ensure timely closure of audit observations and implementation of corrective actions. • Strengthen financial controls, governance mechanisms, and process compliance across finance operations. • Ensure compliance with Ind-AS, GST, Income Tax, Companies Act, FEMA, and sector-specific regulatory requirements. • Drive standard