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 : 1. 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. 2. 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. 3. 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. 4. 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. 5. 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. 6. 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 standardization of finance SOPs, policies, and control frameworks across locations. Promote a risk-aware culture and ensure continuous monitoring of compliance obligations. KPIs: Audit closure without major observations. Timely closure of audit findings. Compliance adherence percentage. Internal control effectiveness. Reduction in process and compliance risks. 7. Business Partnering and Strategic Support Responsibilities: Collaborate with business leadership teams to drive profitability, operational efficiency, and cost optimization initiatives. Provide financial support for evaluation of new projects, acquisitions, business expansion, tariff submissions, and investment opportunities. Assess business performance and recommend corrective actions to improve financial outcomes. Support strategic planning, budgeting, forecasting, and long-term business decision-making. Deliver value-added financial insights enabling informed management decisions. KPIs: Cost optimization and savings achieved. Quality of strategic decision support. Forecasting and budgeting accuracy. Business stakeholder satisfaction. Contribution to profitability improvement initiatives. 8. Team Development and Capability Building Responsibilities: Build and develop a high-performing finance team through coaching, mentoring, succession planning, and capability enhancement initiatives. Identify competency gaps and implement technical, functional, and leadership development programs. Foster a culture of accountability, collaboration, innovation, and continuous improvement. Conduct regular performance reviews and create development plans for team members. Drive employee engagement, retention, and knowledge-sharing initiatives within the finance function. Encourage adoption of best practices, digital tools, and process excellence methodologies. KPIs: Team attrition rate. Employee engagement score. Training and upskilling participation percentage. Internal talent development and succession readiness. Team productivity and performance improvement metrics. External Interactions Statutory & internal auditors Lenders / financial institutions Regulators (CERC, SERC, RBI, FEMA authorities) Internal Interactions CFO, CEO, Business Heads Plant finance teams Treasury, Tax, Legal, Commercial teams Corporate Finance & SAP teams Educational Qualifications Chartered Accountant (CA) MBA Relevant Industry/Sector Experience 15+ years in financial controllership, audit, and reporting Experience in energy / infrastructure / capital-intensive sectors Strong exposure to SPVs, project finance, and regulatory frameworks Technical Competencies Financial Systems Proficiency Financial accounting & consolidation Working capital management MIS & reporting systems Regulatory compliance SAP / ERP systems Behavioural Competencies Stakeholder focus Networking Personal Effectiveness Execution and Results Teamwork and Interpersonal Influence Strategic Orientation Planning and Decision Making Problem Solving and Analytical Thinking Entrepreneurship Capability Building Social awareness
