General Manager Finance

Location: Ahmedabad/Daman

Reporting To: VP, Finance

Role Requirement

• Full time Graduation + CA
• 22+ years experience in Power sector (1st preference is from power distribution sector, followed by generation & transmission having strong regulatory and legal exposure)
• Hands-on understanding of tariff conditions
• Sound knowledge of laws and regulatory frameworks

Role Responsibility

• Working experience of managing finance department of large sized listed utility .
• Directing, supporting, and demonstrating leadership to achieve intended outcome/ results of established management systems
• Establish departmental objectives and periodically review the performance status and continual improvement
• Define roles, responsibilities, authorities and accountabilities of team
• Review compliance status for all applicable legal and other requirements
• Evaluate competency/skill requirements of employees.
• Review and approve training needs and departmental training plan
• Review of non-conformance and approve corrective/preventive action
• To oversee the Monthly, Quarterly and Annual Financial Accounting in terms of related accounting policies, Accounting Standards and variance analysis.
• To analyze the CAPEX & OPEX in terms of Budgetary control
• To oversee the Collection and Treasury functions to establish, implement, maintain and improve the processes appropriately to achieve the desired outputs.
• To respond Indirect tax and Direct tax matters to Corporate
• To oversee the Pay roll and Statutory payments from a compliance perspective.
• Commanding knowledge of electricity laws and MoP notifications, Regulations of various State commissions etc.
• To have an expert knowledge of electricity regulations, experience of analysing the regulations while ensuring Regulatory Filings in time i.e. Tariff petitions, Projections for MYT, APR/ARR, Quarterly FPPPA calculations, Regulatory Compliance Reports for GERC & CEA.
• Understanding of commercial and regulatory aspects of power purchase agreements.
• Experience of dealing with commercial matters, agreements etc.
• To co-ordinate with Statutory, Internal, Tax and other auditors and to ensure that the same could be conducted effectively and in appropriate manner to get the desired level of internal control.
• To identify the KPIs for each department and monitor the same periodically to improve their performance and productivity.
• Supporting other relevant roles to demonstrate leadership that applies to areas of responsibilities.
• Practical experience of dealing in direct tax and indirect tax matters including return filing with Income tax department, GST department etc., handling departmental audit etc.
• GST implementation

Authority

• To establish, maintain, and review the business processes for better performance.
• To sanction the allocated CAPEX in accordance with the approved budget.
• To Approve the writing -off the asset proposed by user departments

Accountability

• Accountable to the management for the performance of the department.
• Accountable for statutory and legal compliances.
• Accountable for the implementation of IMS under various standards and monitor the continual improvement of the system.