Manager- Back Office for Market Operations

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.

• 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.