Manager- Finance & Accounts
Company: Nayara Energy | Job Requisition ID:2443
Location: Mumbai - BKC, Mumbai, Maharashtra, IN
Job Type: On-Site | Full-Time | Permanent
About Nayara Energy:
Nayara Energy is a leading integrated downstream energy company operating modern refining and distribution assets. The Finance & Accounts team ensures accurate project accounting, treasury operations, and commercial integrity across large-scale projects, delivering sustainable energy solutions.
Job Description & Responsibilities
Financial Management & Accounting
- Manage
end-to-end accounting activities using SAP FICO
- Coordinate with Central Accounts for finalisation of the books of accounts
- Process payments independently, including foreign remittances and bank coordination
- Prepare cash flow projections (monthly, quarterly, and annual)
- Support internal and statutory audits
- Extract and deliver project-wise financial data for stakeholders
- Contribute to Annual Business Plan preparation
Treasury & Banking Operations
- Liaise
with banks for fund and non-fund based instruments (Bank Guarantees,
Letters of Credit, Buyers Credit)
- Handle import documentation and maintain BG MIS
- Monitor budgets and process payments per Delegation of Authority (DOA)
- Coordinate with the Indirect Tax team on GST matters
- Review vendor, GL, and customer balances in SAP
SAP Operations (MM & FI Modules)
- Independently
operate SAP MM and FI modules
- Create and manage WBS structures and networks
- Handle budget additions, breakdowns, and adjustments
- Coordinate with Procurement on PO/WO creation and service entry sheets
- Reconcile blocked invoices and monitor budget vs. commitments
- Prepare inter-office memos for capitalisation of capital expenses
- Generate SAP reports and coordinate with technical teams
Stakeholder Management
- Collaborate
with project technical teams and cross-functional departments
- Prepare clear, accurate reports and presentations for senior management
- Foster effective teamwork across functions
- Project Accounting: Finalise books for Asset Development Division; extract project-wise financial data.
- SAP FICO: Day-to-day accounting; process vendor/customer invoices; post project costs and capital expenditures.
- SAP MM: Create/maintain WBS structures; coordinate PO/WO creation; reconcile blocked invoices.
- Payments & Treasury: Process payments; coordinate LCs, BGs, Buyers Credit; maintain BG MIS.
- Cash Flow & Planning: Prepare monthly/quarterly/annual cash flow projections; assist in the Annual Business Plan.
- Compliance & Taxes: Liaise with Indirect Tax for GST; support audits; ensure SOP/DOA compliance.
- MIS & Reporting: Generate MIS packs; prepare stakeholder presentations with accuracy.
- Inter-Department Coordination: Resolve service/material code issues; ensure correct capitalisation.
- Budget Control: Monitor budget vs commitments; support additions/breakdowns.
- Team Collaboration: Build dependable accounting functions handling volumes with control.
💡 Skills & Expertise
SAP FICO,
SAP MM,
Project Accounting
WBS & Networks
Vendor Reconciliation
Customer Balances,
Payments & Remittance
LC & BG Management,
Buyers Credit,
ERP Master Data
Blocked Invoice Resolution
Capitalisation Memos
MIS Reporting,
Cash Flow Projections
Budget Monitoring
GST Coordination
Audit Support
Attention to Detail
Stakeholder Management
Analytical Thinking
Process Orientation
Team Collaboration
Communication Skills
Problem Solving
Time Management
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