Job Title:  Consultant | Power and Utility | Mumbai | Operations, Industry & Domain Solutions

Job Description

Position: Consultant

Role: Power Utilities (Finance Expert)

The Finance Expert will be responsible for overseeing financial management, accounting, budgeting, disbursement processes, and compliance for funded programs/projects. The role ensures adherence to financial guidelines, robust internal controls, and effective financial reporting in alignment with program and organizational requirements.

• Ensure compliance with applicable financial management frameworks, guidelines, and reporting requirements.
• Monitor adherence to financial covenants and program-specific financial conditions.
• Establish and monitor program budgeting processes, ensuring clear identification of program expenditures within organizational/government budgets.
• Facilitate the use of dedicated budget codes and ensure transparent tracking of program funds.
• Manage designated accounts for program funds and oversee disbursement processes linked to achievement of defined milestones or performance indicators.
• Prepare and submit fund withdrawal applications in a timely manner in line with applicable procedures and guidelines.
• Ensure accurate accounting and financial reporting systems are in place for program tracking.
• Map program expenditure categories to appropriate heads in the chart of accounts.
• Prepare periodic financial reports including quarterly updates and annual financial statements.
• Establish and oversee effective internal control mechanisms and internal audit functions.
• Coordinate with external auditors and ensure compliance with agreed terms of reference.
• Ensure timely implementation of audit recommendations and corrective actions.
• Track financial management action plans and ensure timely implementation of agreed measures.
• Support financial reviews and ensure readiness for audits, inspections, and evaluations.
• Provide training to accounting, finance, and relevant staff on financial procedures, disbursement processes, and compliance requirements.
• Develop and update financial management manuals and standard operating procedures as required.
• Ensure robust asset management systems, including operations and maintenance tracking.

Education:

Chartered Accountant

Essesntial Skills:

Good client management skills

Good communication skills