Job Description
Job Description
Lead overall financial control and governance for the PAT Expansion Project (~USD 400M CAPEX).
Develop and manage the total project budget including engineering, procurement, construction, commissioning, and validation phases.
Ensure accurate cost tracking, forecasting, and reporting aligned with local and global finance requirements.
Manage project cash flow planning and funding forecasts.
Provide financial transparency and performance reporting to Project Director and Global Finance.
Identify financial risks and implement mitigation measures to protect project value.
Ensure compliance with corporate financial policies, internal controls, and audit standards
Tasks and responsibilities
Develop and maintain a detailed project budget and Cost Breakdown Structure (CBS) aligned with the WBS.
Monitor and control project expenditures against approved CAPEX budget.
Track commitments, accruals, and actual costs to ensure accurate financial reporting.
Prepare and continuously update Estimate at Completion (EAC) and cost forecasts.
Develop and manage monthly, quarterly, and annual cash flow forecasts.
Identify cost variances and deviations from budget; proactively recommend corrective actions.
Review and validate contractor invoices, milestone payments, and change orders.
Support Procurement in financial evaluation of vendor proposals and contract negotiations.
Conduct financial impact assessments for scope changes and claims.
Prepare structured monthly financial reports for local management and Global Finance.
Present financial performance, forecast updates, and risk analysis to senior stakeholders and steering committees.
Collaborate closely with Project Managers, Engineering, Procurement, and Construction teams to ensure cost alignment with schedule and scope.
Manage baseline budget changes including documentation, approval, and communication.
Maintain proper financial documentation to ensure audit readiness and compliance.
Support funding approvals and business case updates where required.
Integrate schedule updates with cost forecasts in collaboration with Project Controls.
Monitor financial risks including currency exposure, escalation.
Basic Qualifications
Bachelor’s Degree in Finance, Accounting, Business Administration, Engineering with financial specialization, or equivalent.
10–15 years of relevant experience in project cost control and financial management.
Proven experience managing large CAPEX industrial projects, preferably >USD 100M.
Supervisor responsibilities
Reporting lines
Director Projects
Candidate profile
Strong understanding of project financial lifecycle – Budgeting, Forecasting, Cost Control, Cash Flow, and Close-Out.
Proven experience managing large, multi-disciplinary CAPEX project budgets.
Hands-on expertise in cost tracking, variance analysis, and EAC forecasting.
Experience with ERP systems such as SAP, Oracle, or similar.
Familiarity with EPC/EPCM contract structures and financial reporting requirements.
Strong analytical, negotiation, and stakeholder management skills.
Experience interfacing with both local project teams and global finance functions.
Excellent communication and presentation skills.
Knowledge of IFRS and corporate governance standards is desirable.
Key Financial Control Focus Areas
Managing financial control of a large-scale (~USD 400M) expansion project.
Ensuring real-time cost transparency across multiple project workstreams.
Aligning local project execution with global financial reporting standards.
Controlling scope changes and preventing budget overruns.
Managing peak-phase cash flow requirements during construction.
Mitigating financial risks related to delays, claims, escalation, and currency fluctuations.
Maintaining financial discipline while supporting dynamic project execution.
Language of job advertisement (English default)
English
Job Location - Patalganga MIDC (Near Panvel, Navi Mumbai)
Transport - Available from Kharghar Station and Panvel Station.
Canteen Facility available
Our purpose guides the way
In Novonesis, we know that solutions rooted in biology can help solve humanity’s biggest challenges. Since we began more than a century ago, this has been our guide. It’s how we've gotten so far. And it’s how we'll impact the future. Now, more than ever, the world needs change. And with biosolutions, the possibilities for transformation are endless. If our purpose resonates with you, we encourage you to apply.
Opportunities for everyone
We are committed to an inclusive recruitment process and equal opportunity for all applicants. Therefore we ask you to apply without a cover letter or photo and instead include a few sentences in your CV explaining your motivation for applying.
We make all employment decisions based on business needs and welcome candidates with a wide range of backgrounds, including ethnicity, religion, gender, ****** orientation, age, disability, or veteran status.
Explore other openings
If this position isn’t the right fit, you may still find other opportunities with us. You’re welcome to explore open roles or create a job agent to stay connected with future opportunities at novonesis.com/Career
Return to Search Resul
Lead overall financial control and governance for the PAT Expansion Project (~USD 400M CAPEX).
Develop and manage the total project budget including engineering, procurement, construction, commissioning, and validation phases.
Ensure accurate cost tracking, forecasting, and reporting aligned with local and global finance requirements.
Manage project cash flow planning and funding forecasts.
Provide financial transparency and performance reporting to Project Director and Global Finance.
Identify financial risks and implement mitigation measures to protect project value.
Ensure compliance with corporate financial policies, internal controls, and audit standards
Tasks and responsibilities
Develop and maintain a detailed project budget and Cost Breakdown Structure (CBS) aligned with the WBS.
Monitor and control project expenditures against approved CAPEX budget.
Track commitments, accruals, and actual costs to ensure accurate financial reporting.
Prepare and continuously update Estimate at Completion (EAC) and cost forecasts.
Develop and manage monthly, quarterly, and annual cash flow forecasts.
Identify cost variances and deviations from budget; proactively recommend corrective actions.
Review and validate contractor invoices, milestone payments, and change orders.
Support Procurement in financial evaluation of vendor proposals and contract negotiations.
Conduct financial impact assessments for scope changes and claims.
Prepare structured monthly financial reports for local management and Global Finance.
Present financial performance, forecast updates, and risk analysis to senior stakeholders and steering committees.
Collaborate closely with Project Managers, Engineering, Procurement, and Construction teams to ensure cost alignment with schedule and scope.
Manage baseline budget changes including documentation, approval, and communication.
Maintain proper financial documentation to ensure audit readiness and compliance.
Support funding approvals and business case updates where required.
Integrate schedule updates with cost forecasts in collaboration with Project Controls.
Monitor financial risks including currency exposure, escalation.
Basic Qualifications
Bachelor’s Degree in Finance, Accounting, Business Administration, Engineering with financial specialization, or equivalent.
10–15 years of relevant experience in project cost control and financial management.
Proven experience managing large CAPEX industrial projects, preferably >USD 100M.
Supervisor responsibilities
Reporting lines
Director Projects
Candidate profile
Strong understanding of project financial lifecycle – Budgeting, Forecasting, Cost Control, Cash Flow, and Close-Out.
Proven experience managing large, multi-disciplinary CAPEX project budgets.
Hands-on expertise in cost tracking, variance analysis, and EAC forecasting.
Experience with ERP systems such as SAP, Oracle, or similar.
Familiarity with EPC/EPCM contract structures and financial reporting requirements.
Strong analytical, negotiation, and stakeholder management skills.
Experience interfacing with both local project teams and global finance functions.
Excellent communication and presentation skills.
Knowledge of IFRS and corporate governance standards is desirable.
Key Financial Control Focus Areas
Managing financial control of a large-scale (~USD 400M) expansion project.
Ensuring real-time cost transparency across multiple project workstreams.
Aligning local project execution with global financial reporting standards.
Controlling scope changes and preventing budget overruns.
Managing peak-phase cash flow requirements during construction.
Mitigating financial risks related to delays, claims, escalation, and currency fluctuations.
Maintaining financial discipline while supporting dynamic project execution.
Language of job advertisement (English default)
English
Job Location - Patalganga MIDC (Near Panvel, Navi Mumbai)
Transport - Available from Kharghar Station and Panvel Station.
Canteen Facility available
Our purpose guides the way
In Novonesis, we know that solutions rooted in biology can help solve humanity’s biggest challenges. Since we began more than a century ago, this has been our guide. It’s how we've gotten so far. And it’s how we'll impact the future. Now, more than ever, the world needs change. And with biosolutions, the possibilities for transformation are endless. If our purpose resonates with you, we encourage you to apply.
Opportunities for everyone
We are committed to an inclusive recruitment process and equal opportunity for all applicants. Therefore we ask you to apply without a cover letter or photo and instead include a few sentences in your CV explaining your motivation for applying.
We make all employment decisions based on business needs and welcome candidates with a wide range of backgrounds, including ethnicity, religion, gender, ****** orientation, age, disability, or veteran status.
Explore other openings
If this position isn’t the right fit, you may still find other opportunities with us. You’re welcome to explore open roles or create a job agent to stay connected with future opportunities at novonesis.com/Career
Return to Search Resul
💡 Quick Summary
Seeking a career-building opportunity? The Finance & Cost Controller position is now open for candidates interested in the Accountant Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.