Role: R&D Project Controller

Reporting to: CFO 

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)

Location:  Bangalore (Hybrid)

Role Overview: 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:
  • Contribute to the development of R&D strategies and follow up on KPIs related to quality, delivery, and cost.
  • Ensure systematic analysis of project progress and completion.
• Financial Management:
  • Responsible for the R&D budget and financial performance.
  • Create, analyze, 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.

Skills:

• Project Management Expertise: Strong project management skills and experience.
• Financial Acumen: Understanding of financial concepts and budget management.
• Communication Skills: Ability to communicate effectively with stakeholders and teams.
• Analytical Skills: Ability to analyze project data and identify potential issues.
• Technical Understanding: Familiarity with the technical aspects of the projects being managed.