Commercial Manager

Suzlon Group; Hadapsar; On-site; INR 400,000 - 600,000; Full time

Job summary

Suzlon Group is seeking a finance professional to manage collections, track cash flow, and oversee claims. The role involves coordinating with project, finance, and commercial teams to ensure timely receivables and accurate reporting.

Responsibilities include monitoring targets, maintaining receivables data, supporting quarterly closings, and driving digitization initiatives across commercial functions for improved transparency and efficiency.

Responsibilities

• Prepare and monitor monthly collection targets with week-wise tracking.
• Develop collection due schedules based on Table 2 and Table 3 milestones.
• Track project progress and assess its impact on collection realization.
• Coordinate with project, finance, and commercial teams to ensure timely collections.
• Highlight collection risks and initiate corrective actions with relevant stakeholders.
• Prepare and maintain a repository of outstanding and unclaimed receivables.
• Analyze unclaimed amounts and identify root causes for delays.
• Circulate claim status reports to relevant stakeholders on a periodic basis.
• Coordinate with project, finance, and customer-facing teams for claim closure and recovery.
• Ensure timely documentation and tracking of claims till resolution.
• Support quarterly financial closure processes and reporting requirements.
• Prepare provisions for Liquidated Damages (LDs), penalties, and other commercial liabilities.
• Coordinate with Finance, Project, and Commercial teams for validation of provisions.
• Ensure completeness and accuracy of commercial data submitted for financial closing.
• Monitor and report sticky debtors and overdue receivables.
• Prepare debtor aging analysis and collection status reports.
• Coordinate with internal stakeholders for resolution of long-pending dues.
• Prepare and consolidate reports related to: Bank Guarantees (BGs), Corporate Guarantees (CGs), Surety Bonds, Other financial securities and commercial commitments.
• Ensure timely submission of monthly review reports for management discussions.
• Actively participate in digitization initiatives within Commercial functions.
• Support automation of collection tracking, claim management, and reporting processes.
• Drive adoption of digital tools, dashboards, and MIS systems.
• Identify opportunities for process improvements and data standardization.
• Contribute to enhancing transparency, reporting accuracy, and operational efficiency.

Job description

1. Collection Management & Cash Flow Tracking

• Prepare and monitor monthly collection targets with week-wise tracking.
• Develop collection due schedules based on Table 2 and Table 3 milestones.
• Track project progress and assess its impact on collection realization.
• Provide regular updates on inflows, collections achieved, and forecasted receipts.
• Coordinate with project, finance, and commercial teams to ensure timely collections.
• Highlight collection risks and initiate corrective actions with relevant stakeholders.

2. Claim Management

• Prepare and maintain a repository of outstanding and unclaimed receivables.
• Analyze unclaimed amounts and identify root causes for delays.
• Circulate claim status reports to relevant stakeholders on a periodic basis.
• Coordinate with project, finance, and customer-facing teams for claim closure and recovery.
• Ensure timely documentation and tracking of claims till resolution.

3. Support Financial Closure Activities

• Support quarterly financial closure processes and reporting requirements.
• Prepare provisions for Liquidated Damages (LDs), penalties, and other commercial liabilities.
• Coordinate with Finance, Project, and Commercial teams for validation of provisions.
• Ensure completeness and accuracy of commercial data submitted for financial closing.

4. Monthly BRC (Business Review Committee) Support

• Monitor and report sticky debtors and overdue receivables.
• Prepare debtor aging analysis and collection status reports.
• Coordinate with internal stakeholders for resolution of long-pending dues.
• Prepare and consolidate reports related to:
  • Bank Guarantees (BGs)
  • Corporate Guarantees (CGs)
  • Surety Bonds
  • Other financial securities and commercial commitments
• Ensure timely submission of monthly review reports for management discussions.

5. Digitization & Process Improvement

• Actively participate in digitization initiatives within Commercial functions.
• Support automation of collection tracking, claim management, and reporting processes.
• Drive adoption of digital tools, dashboards, and MIS systems.
• Identify opportunities for process improvements and data standardization.
• Contribute to enhancing transparency, reporting accuracy, and operational efficiency.