Project Finance Officer at BU Power Limited

Job Summary

• As Project Finance Officer, your primary responsibility will be to provide financial support and guidance for projects within the organization.
• You will play a crucial role in ensuring the financial success and determination of and management of the viability of various projects by monitoring budgets, analyzing financial data, and providing accurate and timely financial reports.
• Your expertise in financial planning, project selection, cash flow forecasting, and risk management will contribute to the overall success of the projects.

Job Description
Financial Planning and Investment Analysis:

• Collaborate with business teams to develop comprehensive project budgets and financial plans.
• Conduct financial analysis to evaluate project feasibility, risks, and potential returns.
• Provide recommendations to project stakeholders based on financial analysis results.
• Monitor project expenditures and ensure adherence to budgetary guidelines.

Budget Management:

• Develop and maintain project budgets, including cost estimates, revenue projections, and cash flow forecasts.
• Track project expenses and compare them against budgeted amounts.
• Identify and communicate any budget variances, analyzing their impact on the project's financial performance.
• Work closely with project managers to ensure accurate and up-to-date financial records.

Financial Reporting:

• Prepare regular financial reports and statements for project stakeholders.
• Consolidate financial data from various sources to provide comprehensive project performance reports.
• Analyze financial results, identify trends, and present findings to project teams and management.
• Ensure compliance with accounting standards and internal financial policies.

Risk Management:

• Identify potential financial risks and develop risk mitigation strategies for projects.
• Assess the impact of external factors, such as economic conditions or regulatory changes, on project finances.
• Collaborate with cross-functional teams to implement effective risk management practices.
• Monitor project financial performance and propose corrective actions when necessary.

Stakeholder Collaboration:

• Work closely with project managers, finance teams, and other stakeholders to ensure smooth project execution.
• Provide financial guidance and support to project teams, answering inquiries and addressing concerns.
• Collaborate with external partners, such as financial institutions or investors, to secure project funding and manage financial relationships.

Qualifications

• Bachelor's Degree in Finance, Accounting, or a related field.
• Proven experience in financial analysis, budgeting, and project finance within a corporate environment.
• Strong knowledge of investment principles, accounting practices, and financial reporting standards.
• Proficient in financial modelling, forecasting, and data analysis using tools like Excel or financial software.
• Knowledge of project cashflow, forecasting, risk evaluation and risk-adjusted cash flow principles
• Excellent analytical skills with the ability to interpret complex financial data and present clear recommendations.
• Strong attention to detail and accuracy, with the ability to meet strict deadlines.
• Excellent communication and interpersonal skills to effectively collaborate with diverse teams and stakeholders.
• Ability to adapt to changing priorities and work independently in a fast-paced environment.