Financial Controller-GWEL

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 …