ROUNAK VIJAY

• Manage Project Finances: Review and validate monthly/quarterly cost-to-complete forecasts (MIKA), margin projections, and overall project budgets. Analyze differences between planned costs, actual spending, and cash flow.
• Drive Cost Savings: Work closely with Production, Procurement, Construction, and Logistics teams every month/quarter to find ways to save money and track how well those savings are implemented.
• Identify & Track Major Risks: Keep a close watch on big financial risks like potential Liquidated Damages (LDs) that could hurt project profits, updating management monthly/quarterly.
• Lead Claims Management: Develop and carry out strategies to make claims to customers or against vendors. Handle negotiations, prepare documentation, and work to get claims approved and paid.
• Ensure Contract Compliance: Review customer contracts carefully at the start of a project and when needed later, focusing on commercial terms and potential risks.
• Align Teams on Contracts: Organize workshops with different departments at the project start (or when needed) to make sure everyone understands the project scope, risks, and what needs to be delivered.
• Manage Changes & Risks: Track and handle change orders, claims, and variations as they come up. Work with other teams monthly/quarterly to create and put in place plans to reduce risks.
• Share Project Knowledge: Provide feedback and lessons learned from current projects to the Sales team quarterly to help win future contracts.
• Report to Stakeholders: Prepare and share regular project dashboards and key financial performance indicators (KPIs) with stakeholders monthly or as requested.
• Participate in Project Reviews: Join project review meetings, providing updates on costs, schedules, risks, and opportunities.
• Oversee Payments & Security: Review Letters of Credit (LC) drafts with customers, banks, and treasury. Monitor and manage Advance Payment Guarantees (APGs) and Performance Bank Guarantees (PBGs), ensuring they are released on time based on contract milestones.
• Optimize Billing & Cash Flow: Monitor and improve billing schedules and invoicing cycles monthly. Manage customer invoicing, including submitting invoices to banks according to contract/LC terms. Track customer payments and work with customers and banks to collect money owed.
• Ensure Accurate Financial Records: Make sure project costs are recorded on time, accounting rules (IFRS 15 - POC) are followed correctly, and necessary adjustments (accruals/provisions) are made monthly to keep financial records accurate.

Key Focus Areas: Protecting Project Profit | Managing Costs & Budgets | Handling Contracts & Claims | Reducing Financial Risks | Improving Cash Flow | Ensuring Accurate Reporting | Collaborating Across Teams.

• Managed Large Wind Project Contracts: Oversaw the entire contract process for a major portfolio of wind power projects (319 turbines, 1.15 GW, ₹6,705 Crores), ensuring careful oversight aligned with company rules and protecting Siemens Gamesa's interests.
• Identified & Reduced Contract Risks: Proactively found potential problems and claims in contracts. Worked closely with Legal to develop strong plans to avoid or minimize these issues.
• Protected Company Finances: Strictly managed warranty terms, potential penalty fees (Liquidated Damages - LD), and project scope limits to prevent significant financial losses.
• Improved Cash Flow: Strategically managed project working capital and enforced strict contract terms for all payments (invoices, POs, interim payments), coordinating with Legal, CPM, and Project Controllers.
• Analyzed Delays & Created Fixes: Conducted critical schedule delay analysis for older projects and developed practical plans to get them back on track.
• Established Strong Contract Processes: Set up and maintained 8 key contract management documents (like Contract Plan, Risk Tracker, Claim Tracker, Lessons Learned) to ensure clear governance and handovers.
• Prepared Strong Case Support: Gathered and organized solid evidence (costs, delays, records) to support potential claims or defenses, making sure the company was ready for any disputes or arbitration.

Core Focus: Protecting Financial Interests | Managing Contract Risks & Claims | Ensuring Contract Compliance | Optimizing Cash Flow | Setting Up Strong Processes | Large-Scale Project Experience.

• Promoted within Major EPC Project: Advanced from Commercial Planning (2019-2020) to Cost Controlling (2020-2023) on the high-value TCS SP-2 Pune Project (Hinjewadi Phase-III).
• Managed Full Project Controls: Independently handled Estimating, Cost Reporting & Forecasting, and Scheduling (Primavera P6 L4).
• Ensured Cost Discipline: Monitored daily operations and project progress, implementing strict cost control through productivity checks, reconciliations, and inventory management.
• Prepared & Monitored Financials: Developed and tracked project Budgets, Annual Operating Plans (AOP), and Cost-to-Completion (CTC), including Cash Flow planning.
• Led Key Achievements:
  Prepared and certified Client Running Account (RA) Bills worth over ₹660 Crore.
  Secured critical project time extensions (183 days + 56 days) through detailed delay analysis.
  Developed successful financial claims for project impacts caused by Covid-19.
• Managed Risk & Reporting: Identified and mitigated project risks. Created strong management reports (MIS/KPIs) to track performance.
• Communicated Effectively: Regularly provided crucial budget updates and progress reports to senior leadership.
• Coordinated Cross-Functional Teams: Worked closely with Operations, Supply Chain Management (SCM), Logistics, and others to optimize resources and maintain financial control.

Key Skills Demonstrated: Project Cost Control | Budgeting & Forecasting | Scheduling (Primavera P6) | Risk Management | Claims Management | Financial Reporting (MIS/KPIs) | Stakeholder Coordination | EPC Project Expertise.