Role Overview
As a Commercial Finance Purchase Lead at Project Unit in Amelia Coal Mine, your main responsibility is to oversee and manage all aspects of commercial finance purchase functions, including billing, collections, reconciliations, finance accounts, and procurement. You will be leading and directing these functions to ensure smooth operations and compliance with all relevant laws and regulations.
Key Responsibilities
- Design and implement an appropriate policy framework for planning and budgeting to guide project decision-making related to finance accounts, commercial, and purchase. This includes preparing annual budgets and forecasts aligned with strategic plans and participating in strategic decision-making after sensitivity analysis.
- Manage and maintain financial accounting systems, ensuring proper bookkeeping of all expenses and incomes. Oversee the timely processing of vendor claims and payments as per contract agreements. Ensure accurate and timely completion of monthly, quarterly, and annual accounts.
- Ensure compliance with commercial laws and taxation regulations, maintaining financial reporting systems as per required standards. Supervise adherence to Service Tax, VAT, WCT, IT, and other regulatory requirements.
- Manage billing collection and working capital management processes. Monitor production measurement and billing processes to ensure timely submission. Facilitate early collection of bills and timely remittance of fund requirements to reduce holding costs and maximize interest income.
- Conduct financial analysis, MIS, and cost control activities. Prepare trial balances for all profit centers, reconcile data for MIS, and submit management information reports on time. Identify areas for cost control and implement internal checks and controls.
- Manage the purchase function of the unit, including procurement processes, contracts, payments, and vendor management. Monitor purchase and stores functions to ensure timely procurement at competitive rates. Establish standard procedures and ensure zero deviations.
Qualifications Required
- Bachelor's degree in Finance, Accounting, Business Administration, or related field.
- Minimum of 5 years of experience in commercial finance, purchase, or related roles in the mining or heavy equipment industry.
- Strong knowledge of financial accounting systems, commercial laws, and taxation regulations.
- Excellent communication, leadership, and decision-making skills.
- Ability to work in a fast-paced environment and handle multiple tasks effectively.
(Note: Additional details about the company were not provided in the job description.)
Role Overview
As a Commercial Finance Purchase Lead at Project Unit in Amelia Coal Mine, your main responsibility is to oversee and manage all aspects of commercial finance purchase functions, including billing, collections, reconciliations, finance accounts, and procurement. You will be leading and directing these functions to ensure smooth operations and compliance with all relevant laws and regulations.
Key Responsibilities
- Design and implement an appropriate policy framework for planning and budgeting to guide project decision-making related to finance accounts, commercial, and purchase. This includes preparing annual budgets and forecasts aligned with strategic plans and participating in strategic decision-making after sensitivity analysis.
- Manage and maintain financial accounting systems, ensuring proper bookkeeping of all expenses and incomes. Oversee the timely processing of vendor claims and payments as per contract agreements. Ensure accurate and timely completion of monthly, quarterly, and annual accounts.
- Ensure compliance with commercial laws and taxation regulations, maintaining financial reporting systems as per required standards. Supervise adherence to Service Tax, VAT, WCT, IT, and other regulatory requirements.
- Manage billing collection and working capital management processes. Monitor production measurement and billing processes to ensure timely submission. Facilitate early collection of bills and timely remittance of fund requirements to reduce holding costs and maximize interest income.
- Conduct financial analysis, MIS, and cost control activities. Prepare trial balances for all profit centers, reconcile data for MIS, and submit management information reports on time. Identify areas for cost control and implement internal checks and controls.
- Manage the purchase function of the unit, including procurement processes, contracts, payments, and vendor management. Monitor purchase and stores functions to ensure timely procurement at competitive rates. Establish standard procedures and ensure zero deviations.
Qualifications Required
- Bachelor's degree in Finance, Accounting, Business Administration, or related field.
- Minimum of 5 years of experience in commercial finance, purchase, or related roles in the mining or heavy equipment industry.
- Strong knowledge of financial a