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F&A | Scrabble & Jigsaw

Posted on February 12, 2025

Job Description

Job Title: AGM, Finance & Accounts Location: Hyderabad (Madhapur) Job Type: Full-time, Work From Office Reports To: CFO About us: The Radha Group, established in the 1960s, exemplifies visionary leadership and sustained growth. With advanced manufacturing facilities in South India, the group produces high-quality infrastructural steel products. Beyond steel, the Radha Group has diversified into real estate, power generation, and strategic investments. The group's unwavering dedication to maintaining the highest standards of quality has cemented its distinguished position in the market. Learn more about us on www.radhatmt.com Position Overview: The AGM, Accounting & Finance will oversee the financial activities of the Group’s power generation assets, ensuring compliance with industry regulations, and providing accurate financial reporting. This role requires a deep understanding of the power business, particularly gas-fired operations, to effectively manage the plant's accounting functions and support strategic financial decision-making. Key Responsibilities: Financial Reporting & Analysis: • Oversee all aspects of financial management including the finalisation of accounts, budgeting, forecasting, and financial analysis. • Analyse financial performance, identifying trends, variances, and opportunities for cost optimization and provide actionable insights to senior management. • Monitor financial metrics specific to the energy sector. Budgeting & Forecasting: • Collaborate with plant operations to create accurate and realistic financial forecasts. • Manage financial aspects of offtake agreements and power purchase agreements (PPAs) and provide strategic insights to senior management. Cost Management: • Oversee cost accounting activities, including tracking and reporting on fuel costs, maintenance expenses, and operational efficiencies. • Implement strategies for cost control and reduction without compromising plant performance. • Analyse and report on key cost drivers and KPIs, such as variable and fixed O&M costs per MWh. Compliance & Regulatory: • Ensure compliance with all relevant financial and industry regulations. • Prepare and submit regulatory reports as required. • Liaise with auditors and regulatory bodies during inspections and audits. Internal Controls, Processes, and Risk Management: • Develop and maintain robust internal controls to safeguard company assets. • Streamline accounting processes to enhance efficiency and accuracy. • Ensure accurate and timely recording of financial transactions related to energy trading and hedging activities. • Implement best practices for risk management, including market risk, credit risk, and operational risk. • Ensure compliance pertaining to all statutory regulations including IT/GST/ DISCOMS etc Team Leadership & Development: • Manage and mentor a team of accounting professionals. • Coordinate with other departments to ensure financial alignment with operational goals. • Promote cross-functional collaboration to support financial planning and analysis for major capital projects and operational initiatives. Candidate Profile: • Bachelor’s or master’s degree in accounting or finance along with professional accounting qualification (CA). • Minimum of 5 years of experience in accounting or finance in the core energy sector or power industry. • Strong understanding of accounting principles and financial analysis. • Proficiency in accounting software, Advanced Excel, and ERP systems. • Excellent interpersonal skills with the ability to interact professionally with all levels of the organization and external contacts. • Strong problem-solving skills and the ability to handle unexpected changes and demands in a fast-paced environment. • Ability to work collaboratively with cross-functional teams. • Strong organizational skills and the ability to manage multiple tasks and priorities efficiently. • Language: Command over English, Telugu, and Hindi. • Understanding of fuel efficiency ratios, heat rates, capacity utilization, and Levelized Cost of Electricity (LCOE). Perks and Benefits: • Directly get to work with C-suite executives. • Be a part of a high-growth organization.

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