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Job description / Role
Gulf Drug LLC is engaged in Health care Industry. Over the years, it is engaged in executing medical equipment project . These project are broadly classified as Turnkey medical projects / Infrastructure medical projects..
Project Management Office (PMO) takes care of the execution of the project and all project accounting is taken care of by accounts department using oracle e business suite project costing / billing modules.
With the increase in the projects and looking at the opportunity for medical projects business in coming years, it is essential that all aspects of the projects right from the quoting till the completion of the projects are monitored and controlled very closely. Monitoring & controlling closely will enable the management to get updated of the deviation which in turn can take the necessary action of the situation.
In order to monitor the project closely and identify the deviation / changes a dedicated Project controller is the required. This position is a financial project analytical position. Project controller will work in the finance department and would report to CFO of the company.
Project controller will day to day liaise with project engineer / PMO and coordinate and oversee the projects execution.
Job Description
Tendering
- Supports PMO / Sales department in preparation of cash flow / profitability for the projects to be quoted. (As and when required)
Award:
- Upon award of a project, studies the contract clauses relating to finance and advises the management of the risk if any.
- Together with the operation creates project tasks in detail and as per the standards to achieve the accuracy and clarity of each project.
- Together with the operation creates Profitability of the project in detail.
- Together with operation creates cash flow of the project in detail and as per the standards to the micro level to show the accuracy and clarity of the project.
- Based on the above project profitability / cash flow advise the finance of the project financial facility requirement that needs to be arranged for each of the project.
Execution:
- When the project implementation starts, closely monitors the project on various aspects.
Cost monitoring:
- A close monitoring of the cost to the level of tasks / sub tasks of each project. To foresee in advance whether the actual cost of a task is likely to increase. In such case, report of the same to the management to take remedial action.
- Inform the PMO of the cost incurred of every project on weekly / monthly basis of the cost of each project to the level of tasks / sub tasks.
- Scrutinizing the expenses of the project department and if any expenses needs to be allocated to the project.
- Upon advising PMO of the costs incurred, co ordinates with PMO on the balance cost to be incurred for the project. To forecast any change in the profitability than what envisaged earlier. If any change in profitability is seen, advising the same to the operation to make such changes in project module of oracle e bizz.
Invoicing / Collection Monitoring:
- Understanding the invoicing mile stone of each and every project
- Closely monitoring invoicing done by operation for each and every project.
- Scrutinzes the invoice amount and re confirm that the amount of invoice is as per the contractual agreement.
- Advising PMO / Accounts in case invoice is not raised or raised for lesser amount.
- Coordinates with PMO to get update on the certification of invoice by the consultant .
- In case of delay in getting the invoice certification by consultant, advising the management of the same for taking necessary action.
- Upon the certification of the invoice by the consultant, co ordinates with accounts for the system invoice.
- Coordinates with collection department regarding the outstanding.
- Intimating management of the delay in payment by the customer on the certified invoices.
Cash flow of the project:
- Monitor closely the cash flow of the project prepared at the time of award.
- Continuously update the cash flow statement of each project of the cost incurred.
- If delays in project execution are seen, revising the cashflow accordingly.
- Preparing revolving cashflow of the project with updates of invoicing / cost etc
- Advising PMO of the actual cash flow and reviewing with them the forecast of the future and see in totality whether the resultant cash flow would result in requirement of facility more than what was envisaged.
- If such a situation is envisaged, advising the finance for taking it up with banks.
Profitability:
- To review cost / revenue and analyse the profitability of each and every project.
- Informing the management of the changes in the profitability as and when arises.
Project Closing:
- Closing the project in system upon on the completion of the project.
Requirements
A well qualified preferably a professional qualification such as CPA / CMA / CA
Well experience in the project execution company with minimum of 5 Years experience.
About the Company
italent has been around since 2012, when we saw that businesses needed better talent solutions for their employment requirements. By focusing our efforts on quality products and services that are simple-to-use and innovative, our team brings you the best results without any unexpected additional costs and unnecessary complications. Simply put, we love helping businesses find and keep the right people.