Experience
3 - 8 yrs
Job Location
Mumbai, India
Vacancy
1
Designation
Deputy Manager Finance Accounts
Job Type
Not specified
Job Description
Role Objective
Nexen Power is seeking a Dy. / Manager Finance & Accounts to lead the accounting and finance activities for the Renewable Energy division. The role will be responsible for end-to-end accounting, financial reporting, project finance support, MIS, compliances, GST, Income tax, Ind AS, GAAP and other accounting related controls on IFC and Risk for an ongoing portfolio of ~600 MW and Nexen Power across Solar, Wind, Hybrid, and BESS projects.
The incumbent will in the interim directly report to the CFO and manage day-to-day accounting operations including billing, revenue recognition, balance sheet closure, project accounting, and financial governance , while leading a team of accountants. The role will also provide exposure to FP&A, and project financial evaluation for renewable energy investments.
Key Responsibilities
A. Accounting & Financial Reporting
- Lead end-to-end accounting for the renewable energy division
- Manage general ledger, accounts payable, accounts receivable, and fixed assets
- Ensure monthly, quarterly, and annual financial closures
- Prepare trial balance, profit & loss, and balance sheet schedules
- Drive balance sheet finalization and audit-ready financials
- Monitor project-wise profitability and cost allocations
- Prepare MIS reports, variance analysis, and management dashboards
- Strengthen accounting controls and SOPs
- Complete Audits and related controls
- Ensure compliance of SOPs for accounts payable
- Generate MIS as per company intervals
B. Renewable Energy Portfolio Accounting
- Manage day-to-day accounting for operational renewable energy portfolio
- Oversee project billing, invoicing, and revenue recognition
- Monitor energy sales accounting for IPP & C&I customers
- Track receivables, collections, and customer reconciliations
- Handle open access billing and energy settlement accounting
- Maintain project-wise books and commercial tracking
- Coordinate with O&M, BD, and commercial teams for billing inputs
C. Project Finance & Financial Planning (FP&A Exposure)
- Support project finance activities for ongoing and upcoming renewable projects
- Track project capex, funding utilization, and cost monitoring
- Assist in financial modelling and project feasibility evaluation
- Support IRR calculations, payback analysis, and investment evaluation
- Work on project-level financial projections and sensitivity analysis
- Coordinate with lenders for project financing documentation
- Monitor drawdowns, debt servicing, and interest capitalization
- Track project financial closures and capitalization
- Support equity and debt structuring for renewable projects
- Assist CFO in budgeting, forecasting, and FP&A activities
D. Statutory Compliance & Audit
- Ensure compliance with GST, TDS, Income Tax, and Companies Act
- Manage statutory audit, internal audit, and tax audit
- Oversee GST returns, reconciliations, and tax filings
- Liaise with auditors, consultants, and advisors
- Ensure proper documentation and audit readiness
- Handle project-specific compliance requirements
E. Treasury & Working Capital Management
- Monitor cash flow for operational and project requirements
- Track receivables and manage working capital
- Coordinate with banks for routine banking and project finance
- Monitor fund utilization and financial discipline
- Support CFO in treasury planning
F. Team Management & Governance
- Lead and supervise team of two accountants
- Allocate work and monitor accounting deliverables
- Review accounting entries and reconciliations
- Ensure accuracy and timeliness of financial data
- Drive process improvements and automation
Key Interfaces
Internal
CFO, Business Development, Projects, Engineering, O&M, Legal, Procurement, Management
External
Auditors, Banks, Financial Institutions, Tax Consultants, Customers, Vendors
Competencies & Skills
- Strong knowledge of end-to-end accounting and balance sheet closure
- Experience in renewable energy / IPP accounting preferred
- Experience in project finance and capex accounting
- Exposure to IRR calculation and financial modelling (preferred)
- Understanding of FP&A and budgeting processes (advantage)
- Strong financial reporting and MIS capability
- Knowledge of revenue recognition for power projects
- Strong reconciliation and audit handling experience
- Team management capability
- High ownership and governance mindset
- Strong Excel and SAP ERP skills
Qualifications & Experience
- Chartered Accountant (CA) preferred / CA Inter / MBA Finance / M. Com
- 3 to 8+ years of experience in Finance & Accounts
- Experience in Renewable Energy / IPP / Infrastructure sector preferred
- Experience handling balance sheet closure independently (mandatory)
- Experience in project finance / IRR calculation preferred
- Exposure to FP&A and budgeting will be an added advantage
- Experience managing team preferred