Financial Controller

1. Controllership & reporting

• Own books, monthly close, and consolidation across operating entities and deployment SPVs
• Statutory accounts, audit, direct/indirect tax; transfer pricing on cross-border and related-party flows
• Manage tax: GST, TCS, direct-tax and any EV incentives (e.g., state subsidies)
• Prepare and own the monthly financial MIS, capturing all key financial, operational, commercial, cash-flow, working-capital, covenant, and deployment-level performance parameters, with clear variance analysis and actionable management insights
• Develop and maintain scalable reporting structures, including the chart of accounts, GL mappings, cost and profit centres, project / SPV codes, and reporting hierarchies, to enable consistent and efficient management reporting
• Partner with IT and business teams to design and implement automated digital reporting tools and dashboards through Power BI, integrating finance, operations, telematics, and contract data with appropriate data controls
• Single source of truth for management / board reporting

2. Asset & structured finance / treasury

• Structure and close deployment financing, including building an IRR case per deal
• Set up and administer SPVs; manage covenants, DSCR, and security / guarantee obligations
• Own cash-flow and working-capital management, including rolling short- and medium-term forecasts, receivables and payable planning, liquidity monitoring, funding-gap identification, lender and lessor relationships, and disciplined drawdowns and repayments
• Own payments and disbursements across HoldCo and SPVs:
• OEMs: advances, milestone and delivery payments for trucks, chargers and batteries etc.
• Vendors: O&M, charging / energy, insurance, drivers / manpower, and other opex payables
• Banks / lenders: EMIs, interest, lease rentals, fees, and DSRA top-ups, with zero missed debt-service dates
• Revenue & receivables:
• Customer invoicing for MGT contracts. Bill accurately and on time against trip, telematics and contract data.
• Periodic MGT shortfall / excess true-ups and billing of penalties, LDs and escalations under contract terms
• Collections ownership: ageing, follow-up and escalation, and disputes resolved with customers and ops
• Revenue recognition and recording of unbilled / accrued revenue at month-end
• Maintain a rolling payment calendar tied to the cash-flow forecast. Prioritise and sequence payments against available liquidity and drawdowns.

3. Commercial finance / FP&A

• Unit economics per truck, route, and deployment; contract pricing and bid support (PTPM, lease terms, redeployment sensitivity)
• Track project performance budget vs. actuals at deployment / SPV level, monthly, against the deal underwriting case
• Explain variances against plan – utilisation, energy / charging cost, uptime, O&M, and financing cost – and drive corrective action
• Maintain a project-performance dashboard tying actual IRR and margins back to the sanctioned model
• Deployment-level budgeting and P&L; challenge assumptions before capital is committed
• Financial review of customer contracts – flag MGT / offtake ambiguities before signature

4. Controls, risk & compliance

• Design and enforce internal controls and approval workflows fit for a scaling fleet
• Vendor master hygiene and TDS / GST compliance on payments. Keep monthly reconciliations of vendor, OEM and lender ledgers.

5. Financing & stakeholder support

• Build data rooms, models, and diligence packs for securing financing (e.g., banks, NBFCs)

Candidate profile

• CA , 3-4 years, with a controllership or structured-finance core
• Direct experience in asset-heavy / infra / fleet / leasing / project-finance settings (EV, logistics, or lending a plus)
• Hands-on with SPV accounting, covenant management, and IRR modelling
• Comfortable in an early-stage, build-it environment

First 12 months – success looks like

• Clean close and consolidated reporting across all SPVs and the HoldCo
• Budget-vs-actuals tracking live for every deployment, with variances explained monthly
• Automated monthly MIS and Power BI dashboards established, with reliable data integration, clear ownership, and reduced manual reporting effort
• End-to-end tracking of funds deployed across the HoldCo, SPVs, vehicles, chargers, batteries, and other deployment costs, with clear reconciliation to approved budgets and funding sources
• Effective working-capital management demonstrated through rolling cash-flow forecasts, timely collections and payments, controlled ageing, and no avoidable liquidity or debt-service gaps
• Robust financial models established for deployment approval, pricing, funding, liquidity, profitability, IRR, and sensitivity analysis, enabling timely and well-informed management decisions