Forward Auction Manager

Manager-Forward Auction

Responsibilities

Forward Auction Management

• Manage the complete Forward e‑Auction lifecycle from receipt of request to post‑auction closure
• Review and validate auction inputs received from Business Units / Scrap Committees, including lot details, specifications, quantities, photographs, commercial and tax information
• Ensure auctions are conducted strictly as per approved Forward Auction policies and SOPs

Catalogue & Auction Readiness

• Oversee review, of auction catalogues with accurate technical and commercial details
• Ensure timely completion of pre‑auction activities such as inspections, bidder queries, EMD confirmation, and catalogue circulation
• Coordinate with auction platforms to ensure readiness and adherence to timelines

Stakeholder & Vendor Coordination

• Act as the single point of contact (SPOC) between GCC/GCP, Business Units, Scrap Committees, Value Added Service (VAS) providers, and Valuers
• Coordinate with empaneled auction service providers for auction setup, execution, and reporting
• Liaise with valuers for reserve price determination where applicable
• Manage internal stakeholders from business and Central team leaders

Auction Execution & Governance

• Monitor live auctions to ensure fairness, transparency, and procedural compliance
• Validate bids received and share auction outcomes with relevant stakeholders for approval
• Manage re‑auction cases in line with policy guidelines

Post‑Auction & Closure Activities

• Share finalized auction reports and recommendations with Business Units / Scrap Committees
• Coordinate issuance of LOI / Sale Orders with concerned teams
• Track payment realization, material lifting status, deviations, and auction closure
• Maintain complete documentation for audit and governance purposes

MIS & Continuous Improvement

• Prepare and publish MIS reports and dashboards on auction performance, realization, bidder participation, and re‑auction trends
• Identify opportunities for process standardization, centralization, and efficiency improvement
• Support management reviews and audits related to Forward Auction activities

Key Skills & Competencies

• Strong knowledge of Forward e‑Auction processes
• Understanding of materials, business acumen
• Stakeholder and vendor management skills
• Strong Digital Transformation and AI driven automation mind set
• Techno‑commercial understanding of scrap, waste, and asset disposal
• High attention to detail with strong governance mindset
• Effective communication, coordination, and follow‑up skills
• Proficiency in MIS reporting and data analysis

Qualifications

Qualification & Experience

• Education: Graduate / Post‑Graduate in Engineering, Management, Commerce, Supply Chain or equivalent
• Experience:
  • 12–15 years of relevant experience
  • Prior exposure to Forward Auctions, Scrap Sales, Asset Disposal, or E‑Procurement preferred