F& A Competency.pdf

8/14/2019 F& A Competency.pdf

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Introduction

The Performance Management System envisages evaluation of Technical/Functional competencies of the

executive annually.

This document is to be used as a reference directory to identify competencies required for the effective discharge of

various roles and functions within a plant/project.

At the beginning of the assessment year during the Performance Planning phase, the executive and the reporting

officer should refer to this document to identify functional/technical most relevant to the executives position .


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Negotiations and liaising skills Knowledge of the availability and price trends for coal, gas, LNG and other fuels

M5 - Head (Fund, Investment & loan)

Functional competence requirement Knowledge of national and international money markets Understanding of functioning of financial institutions and banks Understanding of accounting systems and procedures at DVC Knowledge and understanding of DVC's financial policies, rules and regulations, tariff policy-norms

and structures. Exposure to Financial Planning & Techniques, SEBI Guidelines, Construction Budget, Operation

Budget & Coal billing

Knowledge of Investment decisions: policy applicable to PSUs with regard to Short term deposits,inter corporate deposits, call money market operation.

Knowledge of Documentation of Bank Loans, Security management, compliance report for funding,Financial covenant maintenance and Terms of Debts, TRA Account

Knowledge of issue of Bonds, procedures, compliance , Listing in Stock Exchange, IM preparation,Trustee, Credit Rating, Dematerialization procedures etc.

Knowledge of Internal resource generation / application including collecting & pooling of funds,disbursement of funds

Experience in accounting of foreign currency transactions Knowledge of FEMA, income tax laws and RBI guidelines

M5 - Head (Concurrence)


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Functional competence requirement Knowledge of finance systems and processes Knowledge of DVC policies, procedures and guidelines for procurement & contract. Knowledge of statutory norms on taxation, duties Knowledge of delegation of powers and vigilance related guidelines . Knowledge of Application laws: Contract Act, Sales of goods Act etc. Knowledge of IDA/Non-IDA/IBRD/ECB conditions of contracts Knowledge and understanding of DVCs financial policies, rules and regulations, tariff policy-norms

and structures

Knowledge of Govt. instructions etc. on Finance Knowledge of e-tender procedure

M5Head (Internal Audit)

Functional competence requirement Knowledge of internal audit and accounting principles, companies act and other statutory requirements Knowledge of finance and accounting systems and processes Experience in preparation of accounts as per DVCs accounting system Knowledge of chartered accountant firms and their functioning for carrying out DVCs internal audit Knowledge and understanding of DVC's financial policies, rules and regulations, tariff policy-norms

and structures, & Current Updates in the Market related to Power Sector

Knowledge and appreciation of Internal Audit Manual


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M1-M4 - Head, Treasury and Administration

Functional competence requirement Understanding of accounting systems and procedures at DVC Understanding of working procedures of banks and financial institutions Exposure to Financial Planning & Techniques, SEBI Guidelines, Construction Budget, Operation

Budget, COAL billing and Misc MIS to the Top Management

Knowledge of Structure for treasury operations and cash & bank management in DVC Knowledge of cash forecasting in DVC-Preparation of cash flow/funds flow statements Knowledge of Banking operations including management of banking powers to officials at

regional/site offices, delegation of banking powers to officials at regional/site offices, management ofcash credit/over draft

Analytical capabilities

M5 - Head (Establishment& IT)

Functional competence requirement Knowledge of finance, accounts Knowledge of DVCs policies, rules and procedures for establishment payments Knowledge of commercial processes in DVC Knowledge of client server computing, web related technologies, software development, testing and

implementation

Knowledge of design and development of window based financial & payroll applications Knowledge of EBA system Understanding of PF / Gratuity Trust and their management


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Knowledge of HR Policies on appointment, promotion, staff welfare etc.

M5 - Head (Compilation & MIS)

Experience in preparation of accounts as per DVCs accounting system Knowledge of DVC accounts Structures with different Objects Knowledge of Accounting principles, Accounting Standards issued by ICAI and followed by DVC and

company law.

Knowledge of Companies act and other statutory requirements in dealing with other organizations Knowledge and understanding of DVC's financial policies, rules and regulations, tariff policy-normsand structures, & Current Updates in the Market related to Power Sector Knowledge of internal and external audit processes Knowledge of the MIS structure within DVC

M5 - Head (Budget)

Functional competence requirement Knowledge of domestic and international capital markets Knowledge of finance and contracts Knowledge of the budgeting process in DVC Knowledge of financial planning and management Knowledge of Construction Budget, Operation Budget, COAL billing and Misc MIS Knowledge and understanding of DVC's financial policies, rules and regulations, tariff policy-norms



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Understanding of Acti vity Based Budgeting and Zero-based budgeting,M1-M4Tariff

Functional competence requirement Knowledge of finance, contracts and legal Knowledge of methodology for calculating various tariff components Knowledge of accounting and record keeping at stations for tariff calculations Knowledge of laws and norms applicable to generating stations for tariff purposes

Experience in O&M costing, as well as variable and fixed costing Knowledge of government regulations related to fuel Knowledge of the availability and price trends for coal, gas, LNG and other fuels Experience in preparation of profitability statements and statement of accounts Negotiations and liaising skills Knowledge and understanding of tariff norms, tariff structure and commercial aspects of power sales Knowledge of Electricity Act, Fuel Accounting, Energy Accounting, Concept of ABT, U/I Charges Knowledge of Fuel accounting

Knowledge of Energy Accounting concepts Understanding of companys fixed and variable cost structure and tariff

M1-M4 - Funds, Investment and Loan

Functional competence requirement


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Knowledge and understanding of tariff norms, tariff structure and commercial aspects of power sales Knowledge of national and international money markets Understanding of functioning of financial institutions and banks Understanding of accounting systems and procedures at DVC Knowledge and understanding of DVC's financial policies, rules and regulations, tariff policy-norms

and structures.

Exposure to Financial Planning & Techniques, SEBI Guidelines, Construction Budget, OperationBudget & Coal billing

Knowledge of Investment decisions: policy applicable to PSUs with regard to Short term deposits,inter corporate deposits, call money market operation.

Knowledge of Documentation of Bank Loans, Security management, compliance report for funding,Financial covenant maintenance and Terms of Debts, TRA Account

Knowledge of issue of Bonds, procedures, compliance , Listing in Stock Exchange, IM preparation,Trustee, Credit Rating, Dematerialization procedures etc.

Knowledge of Internal resource generation / application including collecting & pooling of funds,disbursement of funds

Experience in accounting of foreign currency transactions Knowledge of FEMA, income tax laws and RBI guidelines Knowledge and capability to use IT systems and application for accounting and also for transactionswith banks through IT. Knowledge of valuation, external commercial borrowing, M&A, JV management, Banks & Financial

Institution

Knowledge of project appraisal for capital expenditure based on pay band period/discounted cashflow/present value/ROI methods

Knowledge of Foreign Currency Loan management- ECB procedure, RBI Guidelines & Requirement,


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Forms, LIBOR, Hedging Risk Management, Forward Contract

Knowledge of rasing funds(internal & external),management of working capital, allocation ofresources, investment of funds, opening and operating of L/Cs.

M1-M4 - PF & Gratuity

Functional competence requirement Knowledge of finance and accounting systems and processes Knowledge of PF and GF rules, Employees PF and Misc. Provisions Act 1952 Knowledge of Income tax act Experience in handling PF trust and GF trust

M1-M4 - Taxation

Functional competence requirement Knowledge of finance and accounts Knowledge of taxation provisions relating to Income Tax/ Wealth Tax/fringe benefits tax/Gift Tax/

Sales Tax/Excise Tax/Service tax / entry tax/Custom Duty/Octroi etc

Knowledge of working of tax authorities Knowledge of Taxation - Return, appeal settlement of Assessment etc.

M1-M4 - Concurrence

Functional competence requirement


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Knowledge of finance systems and processes Knowledge of DVC policies, procedures and guidelines for procurement Knowledge of regulatory norms on taxation, duties. Knowledge of delegation of powers and vigilance related guidelines Knowledge of e-tender procedure Knowledge of delegation of powers and vigilance related guidelines . Knowledge of Application laws: Contract Act, Sales of goods Act etc. Knowledge of IDA/Non-IDA/IBRD/ECB conditions of contracts Knowledge and understanding of DVC's's financial policies, rules and regulations, tariff policy-norms

and structures

Knowledge of Govt. instructions etc. on Finance Knowledge of Capital market and money market operations

M1-M4 - Internal Audit

Functional competence requirement Knowledge of internal audit and accounting principles, companies act and other statutory requirements Knowledge of finance and accounting systems and processes Experience in preparation of accounts as per DVCs accounting system Knowledge of chartered accountant firms and their functioning for carrying out DVCs internal audit Knowledge and understanding of DVC's financial policies, rules and regulations, tariff policy-norms


Understanding and appreciation of functioning of power plants in operating and construction stages,power generation systems


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Knowledge and capability to use IT systems and Financial Planning Techniques Knowledge and appreciation of Internal Audit Manual Knowledge of Corporate Governance Knowledge Statutory Audit - Procedure/regulations incl. attending queries, submission of records Provisions regarding Govt. Auditphased audit, draft/audit paras Understanding of Reports and review of C&AG of India Understanding of Continuous inventory control Knowledge of Concurrent/Propriety/System Audit Knowledge of Auditors role & responsibilities

M1-M4 - Treasury and Administration

Functional competence requirement Knowledge of finance and accounts Analytical capabilities Understanding of working procedures of banks and financial institutions Exposure to Financial Planning & Techniques, SEBI Guidelines, Construction Budget, Operation

Budget, COAL billing and Misc MIS to the Top Management Knowledge of Structure for treasury operations and cash & bank management in DVC Knowledge of cash forecasting in DVC-Preparation of cash flow/funds flow statements Knowledge of Banking operations including management of banking powers to officials at

regional/site offices, delegation of banking powers to officials at regional/site offices, management of

cash credit/over draft/

Knowledge of Banking instruments like Cheque, Draft, Pay Orders, Bills , CBS, NEFT, ECS, RTGSetc.


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Knowledge of IT utilisation for banking operation like direct payment of statutory payments, BankReconciliation etc.

Knowledge of LC, Opening & Operations, BG Knowledge of banking requirements like CMA Data, FFR, Cash Credit/ WCDL STL management Knowledge of Internal resource generation / application including collecting & pooling of funds,

disbursement of funds

M1-M4 - Establishment & IT

Functional competence requirement Knowledge of finance, accounts Knowledge of DVCs policies, rules and procedures for establishment payments Knowledge of commercial processes in DVC Knowledge of client server computing, web related technologies, software development, testing and

implementation

Knowledge of design and development of window based financial & payroll applications Knowledge of EBA system Understanding of PF / Gratuity Trust and their management Knowledge of DVC's policies regarding employee compensation and benefits Knowledge of HR Policies on appointment, promotion, staff welfare etc. Knowledge of Pay fixation Understanding of Tax deductions at source from employees, submission of returns


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M1-M4 - Budget

Functional competence requirement Knowledge of domestic and international capital markets Knowledge of finance and contracts Knowledge of the budgeting process in DVC Knowledge of financial planning and management Knowledge of Construction Budget, Operation Budget, COAL billing and Misc MIS Knowledge and understanding of DVC's financial policies, rules and regulations, tariff policy-norms


Understanding of Acti vity Based Budgeting and Zero-based budgeting,

M1-M4 Compilation & MIS

Functional competence requirement Experience in preparation of accounts as per DVCs accounting system Knowledge of DVC accounts Structures with different Objects Knowledge of Accounting principles, Accounting Standards issued by ICAI and followed by DVC andcompany law. Knowledge of Companies act and other Statutory requirements in dealing with other organizations Knowledge and understanding of DVC's financial policies, rules and regulations, tariff policy-norms


Knowledge of internal and external audit processes Knowledge of the MIS structure within DVC


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Knowledge and understanding of DVCs financial policies, rules and regulations, tariff policy-normsand structures

Knowledge of purchase manual, stores manual and accounting guidelines for DVC Understanding of DVC vigilance policies and procedures Knowledge of different TDS procedure, Return etc. Knowledge of DVC's policies, rules and procedures for purchase and contracts Terms & Conditions Knowledge of Budget, Financial sanction procedures for contracts, CVC Guide liens Knowledge of Price Variation Mechanism - RBI Index, Consumer Price Index, fixation of PVC

formula.

Understanding of Payment and accounting related to civil and supply-cum-erection packages Competence of Dealing with EMDs and BGs Competence of Schedules prepared in closing of accounts Understanding of Accounting for CWIP

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F& A Competency.pdf