Nayara Energy hiring for the position of Manager / Sr. Manager – IST Finance.
Location Mumbai
NOTE: Strictly Go through the Requirements and JD Highlighted before applying.
- Need 1 candidate for coal LNG contracts and 1 for crude contracts
About company:
Nayara Energy is a downstream company of international scale with prominence across the hydrocarbon value chain from Refining to Retail. Nayara Energy's single site refinery at Vadinar, Gujarat contains a capacity of 20MMTPA, making it the second largest in India.
Job Description:
JOB PURPOSE
To assist the Business Finance team in handling all the finance and contracts related activities pertaining to Coal and Natural Gas in the IST Finance division
1. ACCOUNTABILITIES & RESPONSIBILITIES
ACCOUNTABILITIES ACTIVITIES
1 Contracts execution pertaining to Coal and Natural Gas
- · To own the entire process of contracts from draft contract to signing stage. Vetting and negotiating on financial clauses. Ensure that respective deskâ??s comments are received and contract is finalised on a timely basis.
- · Thorough review of contracts and coming up with ideas to improve the wording in favour of the company.
- · Re-vetting of changes suggested by counterparties on the comments provide by us till the counterparty and Nayara reaches a common ground.
- · Highlighting the impact of contractual clauses on Nayara.
- · Ensuring subsequent execution of the contract. Implementation and follow-ups within teams.
2 Profit maximisation and Cost reduction Projects
· Working of various Profit maximisation and Cost reduction projects.
· Value creation in the decisions taken
3 Internal controls
· Own the entire controls framework and be vigilant on compliance.
· Test check internal controls and ensure adherence to SOP and DOA.
· Analyse the gaps and provide solution to fix the same.
4 Performance Evaluation or Retro analysis Performance evaluation of time charter vessels.
· Spot market vs. term prices measuring and reporting
· Retro analysis of various functional on checking the effectiveness of decisions taken.
5 Preparation of MIS
·To prepare various MIS reports for circulation to management on regular intervals within the strict deadlines given by the management without compromising on the quality of deliverables.
6 Facilitation of Audits Internal, Statutory, IFC, management audits etc.
·. To provide data and documents to auditors pertaining to respective work areas
· Provide walkthroughs and clarification to auditorâ??s queries as per timelines provided.
2. KEY CHALLENGES
Â. To perform under tight timelines, maintain the quality, consistent with the track record of the IST â?? Finance.
· Should quickly get accustomed with the work dynamics, International Oil and Gas Business and tight schedule.
3. KEY DECISIONS
A. Made by Jobholder:
Plan the individual task so as to deliver the results with accuracy and within timelines.
B. Recommendations to superior:
Prioritise the deliverables and specialise in multi-tasking to ensure that the deadlines are consistently met.
4. INTERACTION
Internal Interactions: (within Nayara)
Interaction with cross functions of IST division, Corporate Finance, Back office, Taxation and Vadinar - F&A team.
B. External Interactions: (Outside Nayara)
· With various counterparties in relation to Coal and Natural Gas.
5. DIMENSIONS
Financial Dimensions:
Timelines and number of reports as well as areas covered are more important and are the critical measures along with the quality of work performed.
B. Team Size: 11 (Eleven)
6. SKILLS & KNOWLEDGE
A. Educational Qualifications & Certifications: Qualified Chartered Accountant.
B. Relevant (Functional/Level) & Total Years of Experience: 5-8 years of post - qualification experience.
C. Functional Skills:
Industry background for Oil & Gas will be a definite plus point.
Good grasp on Law of Contracts and commercial impact.
Good head for numbers.
Working knowledge of SAP.
Strong background in the areas of SOPs and good insight of various commercial processes.
D. Behavioural Skills:
Professional integrity.
Maturity and team spirit.
Eye for detail.
Questioning bent of mind.
Requirements & Skills:
- Location: Mumbai
- Ctc 10 - 18 Lakh
- CA is mandatory (Qualified Chartered Accountant)
- 5 - 8 Years Experience Required
- Candidates From Industry background for Oil and Gas will be a definite plus point
- Good grasp on Law of Contracts and commercial impact.
- Good head for numbers.
- Working knowledge of SAP
- Target Companies and Industries: Jio BP Mobility- cement- tyre- paints- oil and gas and low budget lubricant industries
- Note: Need 1 candidate for coal LNG contracts and 1 for crude contracts
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