Job Description

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 Manage timely and accurate recording of transactions of the areas Accounts Payable (Logistics Accounting, Coal Handling Accounting, Employees Accounting, Product Purchase Accounting).
• To ensure meeting SLA around timelines, ensure quality of Transactions and Compliances.
• Manage large volume of transactions with process improvement / automation wherever required with adherence to compliances.
• To Support Head – ACE and actively participate in providing desired results as per Business requirement.
• To Co-ordinate / Escalate with respective stakeholders to ensure timely completion of activities.
• To Support team on day-to-day basis and ensure training and guidance on new processes and compliances.
• To Have excellent analytical skill along with the ability to create and present detailed reports and analysis.

Key Responsibilities:

Managing and controlling of: Accounts Payable (Logistics Accounting, Coal Handling charges Accounting, Employees Accounting and Product Purchase Accounting).

• Manage high volume of transactions, quality of transactions with proper validations, checks and controls.
• Escalations with respective stakeholders’ resolution of issues.
• Take up process improvement / automation with and support Head-ACE for creating better environment to reduce business risk and meeting the compliances.

Decision Support

• Managing and developing high quality reports / information to Financial Reporting team / S&D / Marketing – BPC and HR for taking decision and further action plan.
• Managing balance confirmation, Transporter query support / solution.
• Managing provisions on monthly/quarterly basis wherever required
• Co-ordination with Treasury / Payment function for Cash flow requirement of Transporters / OMC and Coal Handling Charges.

Audit & Compliance

• Ensure required information and Resolution of Statutory Audit queries.
• Interpretation of DOA Compliance and issue guidelines to team leads.

Process improvement and Automation

• Take up process improvement / automation and support Head-ACE for creating better environment to reduce business risk and meeting the compliances.

Co-ordination with various departments to resolves issues of related accounting area.

• To co-ordinate and follow-ups with respective business users for pending recoveries, rectifications, updating, developments.

Knowledge:

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

• Relevant Experience: 10 years of relevant experience in accounts payable field with hands on experience in SAP FICO & SD/MM module and Microsoft office.
• Total Experience: 10-16 years’ rich experience in Project Accounting, Accounts Payable, MIS Reporting, Financial Operations & Budgeting.

Skills:

Functional Skills:

• Change Management
• Business / Industry knowledge
• Implementation and roll out of new process and business plans.
• In-depth knowledge of SAP – FICO and SD

Behavioral Skills:

• Effective Communication and problem solving
• Planning and Organizing
• Project Management