R&D Finance Controller - CA/ICWA

The R&D Controller
The R&D Controller is responsible for overseeing the financial and commercial performance of R&D projects. This role involves managing budgets, forecasts, reporting, and financial reporting to ensure alignment with strategic objectives.

Key Responsibilities:

Strategy and Planning:

- Ensure systematic analysis of project progress and completion.

Financial Management:

- Responsible for the R&D budget and financial performance.

- Create, analyse, and value the budget framework.

- Optimize project cash flow and manage currency risk, tax issues, and project financing requirements.

- Capitalization of project,

- License fee calculation

- Hourly rate calculation

- Creation of Project & Closure of projects

- Ownership of Complete financials for MACH.

Project Execution:

- Prepare the Business Financial Execution Plan consistent with internal, contractual, and regulatory objectives.

- Promote commercial awareness within the R&D team and provide commercial input to project execution plans.

- Monitor claims and back-charges, coordinate regular project reviews, and identify risks with mitigation actions.

- Collaboration: Working closely with various stakeholders, including product management, engineering, and operations teams. follow up for time writing and approval.

Leadership and Communication:

- Support the R&D management team in budget-related issues and communicate budget directives.

- Supervise project accountants, cost engineers, and field administrators as needed.

Compliance and Governance:

- Implement internal control processes to avoid misstatement in financial statements.

- Ensure corporate governance, compliance, assurance, and internal control.

Contacts:

- External: Customers, external auditors etc.

- Internal: Project managers, Engineers, project team, Peers, Accounting and Reporting, Finance and Tax, Legal and Compliance, Risk Management, Internal Audit, Marketing & Sales.

Required Qualifications:

- Proven experience as an R&D project controller

- Proficiency in SAP S/4HANA, FICO, SD-PS, MS Office, very strong excel skills.

- Automation and process improvement mindset

- Strong numerical and analytical skills.

- Excellent attention to detail and organizational skills.

- Service mindset

- Good communication and negotiation skills.

- Detail-oriented team player with the ability to adhere to strict deadlines.

Preferred Qualifications:

- (Postgraduate with experience) MBA (Finance), CA, ICWA.

- Familiarity with project management and financial software.

- 8-10 Years of Experience in a R&D controlling or Project controlling within the construction, manufacturing or engineering industry (Mainly in Projects)

Skills:

- Financial Acumen: Understanding of financial concepts and budget management.

- Communication Skills: Ability to communicate effectively with stakeholders and teams.

- Analytical Skills: Ability to analyse project data and identify potential issues.

- Technical Understanding: Familiarity with the technical aspects of the projects being managed