Head - Finance

About Organisation

Tata Power runs four electricity distribution companies (Discoms) in Odisha through a public-private partnership with the state government. Formed as 51:49 joint ventures between Tata Power and the Government of Odisha, these utilities supply reliable power to nearly 10 million consumers across the state.

The Four Odisha Discoms

TPCODL (TP Central Odisha Distribution Limited)

TPNODL (TP Northern Odisha Distribution Limited)

TPSODL (TP Southern Odisha Distribution Limited)

TPWODL (TP Western Odisha Distribution Limited)

This Position will be based at TP Central Odisha Distribution Limited, Bhubaneswar, Odisha

Job Purpose

TPCODL is seeking an experienced and strategic finance leader to head key finance functions including Budgeting, Capital Expenditure (Capex), Treasury Management, Insurance, and Enterprise Risk Management.

The role requires a seasoned Chartered Accountant with strong financial planning, regulatory, and stakeholder management capabilities, preferably from power, infrastructure, utilities, manufacturing, or large corporate environments.

Key Responsibilities

Budgeting & Financial Planning

Lead the annual budgeting process and long-term financial planning across functions.

Monitor budget utilization and ensure alignment with business objectives.

Drive budgeting reviews, variance analysis, forecasting, and financial performance reporting.

Present budget insights and recommendations to senior management.

Capital Expenditure (Capex) Management.

Evaluate and monitor Capex proposals, business cases, and investment decisions.

Establish controls to ensure optimum utilization of capital investments.

Track project-wise Capex spending against approved budgets.

Support management in capital allocation and investment prioritization.

Treasury Management

Manage organizational liquidity, cash flow planning, and working capital requirements.

Optimize fund deployment and borrowing arrangements.

Maintain relationships with banks, financial institutions, and lenders.

Ensure compliance with treasury policies and financial covenants.

Insurance Management

Design and manage the organization's insurance portfolio.

Assess insurance requirements for operational and strategic risks.

Coordinate renewals, claims management, and policy negotiations.

Liaise with insurers, brokers, and internal stakeholders to ensure adequate coverage.

Enterprise Risk Management

Develop and implement risk management frameworks and policies.

Identify, evaluate, and mitigate financial, operational, and strategic risks.

Drive risk assessments and monitor risk mitigation plans across functions.

Report key risk indicators and risk exposures to leadership.

Financial Governance & Compliance

Ensure compliance with statutory, regulatory, taxation, and corporate governance requirements.

Support internal and external audits related to treasury, risk, and financial controls.

Strengthen internal controls and financial governance practices.

Monitor changes in regulations impacting finance operations.

Stakeholder Management

Collaborate with business leaders to support strategic decision-making.

Engage with auditors, banks, regulators, insurers, and external consultants.

Build and mentor a high-performing finance team.

Educational Qualification

Chartered Accountant (CA) from ICAI (Mandatory).

Experience

12+ years of progressive experience in Finance.

Strong expertise in Budgeting, Capex Management, Treasury Operations, Insurance, and Risk Management.

Experience in Utilities, Power Distribution

Proven experience in managing large budgets and strategic finance initiatives.