Senior Manager - Finance Operations

Sr. Manager- Finance Operations

About Nayara Energy: Nayara Energy is a new-age downstream energy and petrochemicals company with a formidable presence spanning across the entire hydrocarbon value chain, from Refining to Retail. Nayara Energy operates in India for India driven by a relentless commitment to fuel the nation's energy aspirations. At the heart of our operations lies the Vadinar refinery, India's second-largest single-site refinery with a capacity of 20MMTPA.With over 6,300 Retail Outlets, we cater to the need for reliable and safe mobility across the length and breadth of the country. We have adopted a phase wise asset development strategy to enter the petrochemicals sector which will be a significant step in our crude to chemicals journey. Through sustainable development projects in Health and Nutrition, Education and Skill Development, and Sustainable Livelihoods, Nayara Energy enhances the quality of life in the communities it operates in. Delivering value for all our stakeholders is at the very core of our beliefs and we are committed to providing the energy that fuels the dreams of our employees, customers, partners and communities.

Job Purpose:

• To facilitate Marketing Finance Accounting for PAN India Operation
• To prepare Key MIS to Management (Ind AS & CARO Reporting) and Marketing Finance Optimization 
• To Lead Special Project Finance (Gantry) and Branding Project.
• To review Retail Scheme/Policy (Primary & Secondary)
• To evaluate Retail Outlet Normative Cost & Variable Margin Cost (VMC)
• Prepare working related to Retail & Marketing Service for accounting and coordination with service providers
• To ensure monthly balance reconciliation
• To strengthen, formulate and regulate controls and systems 
• To lead the internal and external audits
• MIS and Audit

Key Responsibilities:

To facilitate Marketing Finance Accounting for PAN India Operation

• To calculate monthly provision entries
• To ensure timely accounting of entries by Vadinar team

Key MIS to Management (Ind AS & CARO Reporting) and Marketing Finance Optimization

• Responsible for preparation of Key MIS such as Debtors, Incentive etc to Management for their decision making.
• Responsible for various schedule for classification as per Ind AS & CARO reporting requirement.
• Review and analysis various of Scheme/Policy related to Retail Outlet to ensure Marketing Finance Optimization.

Special Project Finance SPOC (Gantry) and Branding Project

• To Support Special Project Team to define process for Gantry/Bowser Scheme for Door-to-Door delivery- Finance SPOC and Co-ordinating with various stakeholders such as IT, Taxation & Accounting team.
• Responsible for preparation of Additional Gantry Margin (AGM) and ensure proper control of AGM payout.
• Verification of Brand Agreement, Work Completion Certificate
• Responsible for preparation of Additional Fuel Margin (AFM) and ensure proper control of AFM payout.
• Responsible for preparation of Branding & Infra Funding EMI Schedule and EMI Recovery.
• Ensure timely debit of EMI recovery on due date. 

Retail Scheme/Policy (Primary & Secondary)

• Co-ordinate with HO Team for Retail Incentive Scheme/Policy
• Responsible for preparation and verification of Retail Incentive Payout.
• Ensure timely payout as defined in scheme.

Retail Outlet Normative Cost & Variable Margin Cost (VMC)

• Responsible for NC verification.
• Responsible for ROI & VMC working and reconciliation.
• Ensure proper control on ROI & VMC

To ensure monthly balance reconciliation

• Analysis of GL and ensure aging are under control

To strengthen, formulate and regulate controls and systems

• To work on different simplification programs
• To co-ordinate with cross function team

To lead the internal and external audits

• Lead internal and external audits
• Timely closure of audit points

Provide Support to Retail & Marketing Service for accounting and coordination with service providers

• Fleet Loyalty Program accounting
• Loyalty Point accrual and reconciliation
• Support IT team for new tool implementation and development
• Participate in UATs
• Working & Timely issuance of DNs to dealer 
• Automation DN
• Late payment penalty 
• Dealer Incentive provision and CN issuance.
• NC Verification and Accounting

Knowledge

Educational Qualifications & Certifications: 

• CA / CWA 

Relevant (Functional/Level) & Total Years of Experience: 

• 7 – 12 years of experience

Skills:

Functional Skills

• Accounting & Commercial Skills
• Analysis of Financials of Customers
• Working knowledge of MS office and SAP

Behavioral Skills

• Interpersonal Skills
• Communication Skills
• Negotiation Skills

Experience Level

Senior Level