Manager- Back Office for Market Operations


  • Delhi, India
Manager- Back Office for Market Operations
Job Posted : Oct 7th, 2022

Job Description

As a Manager- Back Office for Markets Operations, you’ll report to Head of Finance and Risk Management and following tasks would be a part of your job profile:

  • Ownership of all energy revenue and purchase processes for the Markets Operations of Statkraft in India. This includes contract management (with customers, vendors and power exchanges), customer/ vendor master data.
  • Customer billing and pricing, energy purchase invoice verification and approval.
  • Debt collection and payment to energy vendors, and reconciliation to exchanges and other systems.
  • Control of Trade receivables, Payment security mechanisms.
  • Reporting and analysis of financial results for Market Operations to division and local management. Main point of contract for management for all financial matters regarding market Operations.
  • Maintenance of liquidity for trading on power exchanges.
  • Accounting of customer billing, energy purchases, payments in the Company’s ERP.
  • Ensure that Deal Life Cycle is adhered to for Back Office activities.
  • Support and assist the India Accounting Centre in fulfilling statutory reporting requirements. Assist in audits and tax compliance where required.
  • Ensure reporting to various stakeholders both internal and external.
  • Complete and update internal control on a timely basis. Report any significant breaches to controls, internal procedure, mandates or other Group requirements.
  • Support and supervise accounting and revenue recognition in other group entities of the Market Operations in India.
  • Ensure timely payment of licence fees and membership fees to CERC/ Power exchanges.
  • Reporting to the regulatory authorities.

Qualifications And Experience:-

  • A finance graduate, post-graduation is preferred.
  • 5 years + experience preferably in an international company. Masters level preferred.
  • Experience in the electricity and energy trading industry would be an added advantage.
  • Familiar with billing processes and revenue recognition under applicable accounting rules.
  • Knowledge of SAP would be an added advantage.
  • A team player, willing to learn and develop new ideas and business models.
  • Fluent in English.
  • Responsible with high ethical standards and open to discuss issues and problem areas with a positive attitude to problem solving.

Additional Information:-

Good to Have:

  • Good understanding of prominent regulations related to short term open access and scheduling of power.
  • Power/energy market exposure preferably in a Power Trading company, SLDC or Discom.


  • Delhi, India.

Company Overview:-

Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 4,800 employees in 19 countries. Statkraft in India started its operations in 2004 and has strengthened its footprints in Assets development & management and Market operations (Trading & origination, Forecasting & Scheduling activities and Energy management).