DPG_Commercial Finance.Manager - Commercial Finance

The job holder will support the Section Head in activities related to Commercial Finance and Budgeting and recommend best practices, procedures to ensure financial control, profitability and support for the business

Project Actualization and reporting 

• Manage the actualization exercise for the BTS portfolio, monitoring project indicators vs approved budgets, project feasibilities and target budgets (project indicators include project progress, costs, returns, KPIs, etc.). Identify and investigate variances or red flags and liaise with stakeholders as required. 
• Conduct detailed financial analysis, reconciling actual CAPEX with projections, and identify variances to assess project performance accurately. 
• Collaborate with stakeholders to analyze discrepancies, identify root causes, and ensure alignment with organizational objectives. Additionally, provide project management oversight and review points to optimize project outcomes and financial performance. 
• Conduct comprehensive reviews of project wise cost reports monthly, focusing specifically on project-wise CAPEX to assess the accuracy of CAPEX recognition. This involves scrutinizing financial data to verify the appropriateness of CAPEX recording according to established accounting principles and organizational policies.

Budgeting 

• Review budget plans and schedules (Inputs from Sales and Project Development) and ensure alignment with Group policies and procedures and execute the budgetary plans in coordination with concerned departments to ensure smooth preparation of budgets. Act as a liaison between entity/department heads and finance team for collating the information required to develop annual budgets. Support in monitoring its implementation and for any subsequent budget recalibrations or forecasts required by the management. 
• Monitor budget implementation and any subsequent budget recalibrations or forecasts as required by the management to meet the business objectives.
• Identify and investigate variances or red flags and liaise with stakeholders as required to prepare financial reviews and provide recommendations for improvements.

Contractor review 

• Conduct a thorough review of financial statements and vendor-related documents submitted by contractors during the prequalification and tendering stages. Analyze financial data to assess the financial health, stability, and creditworthiness of contractors. Identify any potential risks or red flags related to financial viability. Additionally, provide oversight and review of contractor assessments to ensure alignment with organizational objectives.

Project Cost Management

•  To maintain master plan reconciliation of infrastructure and land costing and allocation for BTS projects based on land usage in accordance with the approved Group and Company Policies and Executive Committee Management (EMC) approved documents. 
• To maintain unit wise inventory reconciliation for BTS units for construction/infrastructure/ land costing in accordance with the approved Group and Company Policies and Executive Committee Management (EMC) approved documents.

Others 

• Participate actively in automation initiatives within the respective areas collaborating closely with cross functional teams to identify opportunities for process improvement and efficiency gains. 
• Assist in review of commercial transactions prior to submission to the management or investment committee; including but not limited to project launches, contractor appointments, budget approvals, etc.

Systems/ Tools and Policies, Process, Forms & Templates. 

• Provide inputs to develop and enhance budgeting, planning, controlling and reporting tools / systems to minimize the variance in-order to bring more accuracy in budgeting and reporting processes. 
• Modify and maintain financial models for business analysis to ensure accuracy of project assumptions. 
• Contribute in developing Actualization, Budgeting and Project reporting policies, process, procedures, forms and templates that ensure adequate budgetary controls and reporting structure for overall DHRE operations thereby ensuring the cost advantage in all its resource utilization and financial activities. 
• Ensure Policies, processes, procedures forms and templates in place, approved and implemented.