Assistant Manager - Commercial Finance and Market Intelligence

adani capital pvt ltd; Ahmedabad District; On-site; INR 600,000 - 1,200,000; Full time

Job summary

adani capital pvt ltd is seeking an Assistant Manager - Commercial Responsibilities in Ahmedabad. The role focuses on maintaining accurate ledgers, provisioning, and financial hygiene, while also managing cargo inventory ageing and LC-related items.

You will handle refunds, do financial reconciliations, and drive digitisation initiatives. The position also covers market intelligence, IRM data input, and coordination with stakeholders to ensure timely, compliant financial transactions and robust

Qualifications

• Post-Graduation in Finance.
• 0-5 years of experience.
• Preferred coal or commodity trading background.

Responsibilities

• Maintain clear and organized ledgers with up-to-date financial records.
• Set up provisions and maintain book hygiene per accounting standards.
• Monitor cargo inventory ageing to optimize control and timely actions.
• Process refunds and manage short closures per contracts.
• Maintain DOs, books, credit and debit notes; re-validate DOs as needed.
• Record LC-related items to ensure LC term compliance.
• Manage debtors, minimize receivables, and ensure financial stability.
• Oversee M2M exposure and mitigate risks.
• Collaborate with IRM for data, and provide market intelligence on pricing.
• Identify process improvements, automation, and digitization opportunities.

Skills

Accounting

Ledger management

Accounts reconciliation

Debt management

Financial reporting

Education

Post-Graduation (Finance)

Tools

IRM system

Job description

Assistant Manager - 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

Digitisation and Automation

• 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
• 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