Support Commercial Backoffice

**Designation**:Assistant Officer

**Updated**:January 10, 2025

**Location**:Maharashtra, India

**Organization**:Metals

**Job Purpose**
- Analyze business and report accurate facts and figures to higher management for various data related to copper business (Domestic + Export).
- Preparation of Cash Forecast and comparing on weekly basis Actual vs Projection cash flow.
- To update management on status of receivable’s
- To Implement Provisional price in system and to do necessary changes in case of higher fluctuations in LME prices to control risks.
- Control over MTM Exposure
- To Implement Price circular terms in system and circulate the same within team.
- Monitoring for Application of Debit and Credit notes with invoices
- Providing details to Statutory and internal Auditors
- Ensuring all compliance w.r.t statutory and other requirements are met in timelines**.**:

- Validation of Freight forwarder bills and ensuring charges are as per sanction**.**:

- To Analyze entries and reports in new EBS & Orbit system and report to concern person to make the necessary changes.

**Key Result Areas/Accountabilities**:
**Key Result Areas/Accountabilities**

**Supporting Actions**

**1. Pricing -**
- To review the LME Volatility and communicate to higher Management for price change if required.
- Copper price is based on LME. Due to volatility of Copper LME, In majority cases Copper follows dual pricing. Final price & Provisional price.
- While deciding on the provisional price. It should not be high as per ongoing LME Price and It should not be too low as we keep financial coverage linked with provisional price and in case of high movement in LME price there can be exposure in DBNP cases.
- The provisional price can be revised during the month as per market in case of high LME/US $ fluctuation.

**2. Cash Flow -**
- Preparing projected cash flow report with coordination with RCM and Marketing team. To review sales for achieving cash flow target.
- Ensure timely reporting of monthly projection to Treasury & Dahej finance.
- Updating day wise cash inflow Vs projection to management on daily basis and highlight to management wherever found any concern related to collection.

**3.** **Risk Management -**
- Dailly watch on LME & Ex rate. Any major difference in LME rate, Security amount need to recover from customer.
- Weekly updating PBND & DBNP reports to team.
- Update short security cases to team and inform to collect security amount to cover MTM.
- Report on the ageing of PBND & DBNP with future plan actions after confirmation with Marketing team.

**3. Controlling Receivables -**
- Daily report cash inflow vs projection to management and report if any concern found related to collection.
- Analyzing Debtors report and preparing Overdue report on weekly basis. And submitting data to management on Critical cases.
- Track delay in issuance of Interest debit note and interest debit note outstanding payment status with respective zones.
- Coordinate with zonal team for timely linking of debit and credit transactions to maintain hygiene in customer a/c

**4. Audit**
- Quarterly submission of details related to sales & debtors to PWC Auditors
- Coordinating with Marketing team and providing purchase order copy for account sales in revenue recognition.
- Providing clarification to Auditors in case of any requirement or system related guidance for process knowledge.

**5. Other Responsibility -**
- Preparing, consolidating & analyzing various reports related to copper business to management.
- Report to Management on adherence of date of filing various return GSTR 1, GSTR 3B, GSTR 2A reconciliation and Annual Return.
- Reporting of outstanding of customer in the books of our Channel Finance Partners i.e Axis & ABFL
- Validation of Freight forwarder bills and ensuring charges are as per sanction.
- Presenting product wise and segment wise contribution analysis for CCR products, Cathode, Bar, Wires
- Updating Budgeted Markup in system
- Analyzing sanction of customers and highlighting in case of any deviation.
- Unwinding QP’s in system and ensure same is processed as per DOA
- Ensure all the bills processed from MHO side is accurate and approved as per DOA

**Qualifications**:
Bachelor Of Commerce,CA Inter

**Minimum Experience Level**:
5-7 Years

**Report to**:
Assistant General Manager