Accounting Executive - Finance and Market Intelligence

adani capital pvt ltd; Ahmedabad District; On-site; INR 450,000 - 750,000; Full time

Job summary

Adani Capital Pvt Ltd seeks a Senior Officer- Commercial Responsibilities Accounting Executive Financial Accounting and Control to maintain precise ledgers, set provisions, and manage LC-related transactions. The role focuses on reconciliations, market intelligence, and digitization initiatives in the commercial finance domain.

The candidate should have 0-5 years of experience in finance, preferably in coal/commodity trading, with strong compliance and reporting capabilities.

Qualifications

• Post-Graduation (Finance) is preferred.
• 0-5 years of experience in coal/commodity trading or similar.
• Experience with financial reconciliation and regulatory compliance is beneficial.

Responsibilities

• Maintain ledgers and financial records to ensure accuracy.
• Set up provisions and maintain book hygiene per standards.
• Manage suppliers, debtors, and LC-related financials.

Skills

Financial accounting

Debt management

Accounts reconciliation

Compliance awareness

Education

Post-Graduate in Finance

Tools

IRM System

LC Processing

Job description

Senior Officer- Commercial Responsibilities Accounting Executive Financial Accounting and Control

• Maintain clear and organized ledgers, ensuring accurate and up-to-date financial records
• Set up provisions and maintain financial book hygiene to align with accounting standards and regulations
• Monitor and manage the ageing of cargo inventory to optimize inventory control and ensure timely actions
• Process refunds and manage short closures in accordance with contractual agreements
• Maintain Delivery Orders (DOs), books, credit and debit notes
• Re-validate Delivery Orders (DOs) as needed to support smooth financial transactions
• Keep meticulous records of financial transactions related to port activities for transparent reporting
• Implement strategies to effectively manage debtors, minimize outstanding receivables, and ensure financial stability
• Monitor and control financial exposure related to mark-to-market (M2M) activities, mitigating risks
• Address and manage items noted in Letters of Credit (LCs) to maintain compliance with LC terms
• Accurately account for quality-related penalty premiums in financial records
• Calculate and manage interest charges, plot rent, and financial adjustments, adhering to contractual terms

Branch Development Strategy, Market Intelligence

• Conduct market mapping for the select region to identify potential new key accounts and explore further potential from current key accounts
• Identify and drive new product development opportunities
• Grow and retain market share for key accounts "Capture market intelligence through multiple sources (field inputs, research, competition intelligence) - Voice of Customer (VoC) on coal quality (customer feedback) - Competitor scanning"
• Champion IRM Registration amongst existing customers and ensure new orders are done through IRM (as mandated)
• Provide market intelligence about the pricing and product details to the team along with the Chief trader
• Review existing processes and systems for identifying process/system improvements, identify new initiatives, automation, and digitization opportunities

Customer Query Handling and Financial Reconciliation

• Respond promptly and accurately to customer queries related to financial transactions, ensuring customer satisfaction and clarity
• Perform regular sales reconciliation to verify the accuracy of financial records, identifying and resolving discrepancies
• Process debit and credit notes associated with sales transactions to maintain complete and accurate financial documentation
• Follow compliance with Tax Collection at Source (TCS) regulations under Section 27C of the Income Tax Act to meet legal requirements
• Accurately record and manage customer payments in the financial system to maintain up-to-date financial records
• Track records received from external sources and input them into the IRM (Information Resource Management) system
• Prepare and manage PIS (Packed in slip) records
• Manage delivery orders, financial books, debit, and credit notes
• Process ledger entries such as LC (Letter of Credit) clearing
• Manage port reconciliations, provisions, and entries

Digitisation and Automation

• Support comprehensive digitization strategies to optimise operational efficiency
• Innovate and implement automation solutions to support overall organisational goals / strategy

Key Stakeholders

Internal: Finance and accounting Marketing Operations

External: Customers Suppliers/ Vendors

Qualifications

Education Qualification: Post-Graduation (Finance) Work Experience (Range of years): 0-5 Years of experience Preferred Industry Coal Trading, Commodity Trading