Roles & Responsibilities
Financial Planning & Strategy:
Develop and implement financial strategies aligned with business goals in the solar energy sector. Lead financial planning, budgeting, and forecasting processes. Provide insights on financial trends, risks, and opportunities to management. Support decision-making with financial models and scenario analysis.
Budgeting & Cost Control:
Prepare, review, and monitor the company’s annual budgets. Track project costs and ensure cost-effectiveness in solar installations and operations. Identify opportunities to optimize expenses and improve profitability.
Financial Reporting & Compliance:
Prepare and present financial reports (P&L statements, balance sheets, cash flow statements). Ensure compliance with industry regulations, tax laws, and financial reporting standards. Oversee audits and coordinate with external auditors for financial statement accuracy.
Cash Flow & Investment Management:
Monitor and manage cash flow to ensure the company maintains a healthy financial position. Assess investment opportunities, including solar energy projects, and provide recommendations. Manage financial risks related to currency exchange, interest rates, and credit.
Taxation & Regulatory Compliance:
Ensure adherence to tax regulations and timely submission of returns. Optimize tax planning strategies for renewable energy incentives and benefits. Maintain compliance with government policies and incentives related to the solar industry.
Financial Risk Management:
Identify and mitigate financial risks in solar project investments and operations. Implement internal financial controls and fraud prevention measures. Monitor economic factors that impact solar energy pricing and investment decisions. Business Support & Financial Advisory Collaborate with operations, sales, and procurement teams for financial decision-making. Support project financing and liaise with banks and investors for funding solar initiatives. Provide financial analysis to support contract negotiations and partnerships.
Key Performance Indicators (KPIs):
Financial Performance & Profitability Achievement of revenue and profitability targets. Reduction in operational costs and improved cost efficiency.
Budgeting & Cost Control:
Adherence to budget and variance analysis reports. Reduction of cost overruns in solar projects. Cash Flow & Liquidity Management: Maintain a positive cash flow ratio. Effective working capital management.
Financial Reporting & Compliance:
Accuracy and timeliness of financial reports. Compliance with tax and audit requirements.
Investment & Funding Efficiency:
ROI on solar project investments. Success rate in securing funding or financing for projects. Risk Management & Internal Controls: Number of financial risks identified and mitigated. Implementation and effectiveness of internal controls.
Regulatory Compliance & Tax Optimization:
Timely tax filings and regulatory adherence. Utilization of renewable energy tax incentives.
