First Choice Finance Consultants is looking for Deputy Manager

First Choice Finance Consultants is looking for Deputy Manager - Pricing in Mumbai

Job Title: Deputy Manager - Pricing
Job Code: 7354
Location : Mumbai
Salary : Rs.10-15 lacs
Experience : 2-4 years

   ACCOUNTABILITIES
1    Internal petroleum price trend analysis and updation of Management Dashboard reflecting expected price changes in domestic markets on daily basis which aids in decision making.
2    Fixation of Retail Selling Price (RSP) for retail outlets for allocated Zones / geographical area on a daily basis and analysis of same based on competitor price changes and marketing inputs.
3    Updation of discounts and selling price for bulk products and sales to PSUs for allocated product category / geographical area on a fortnightly and monthly basis and analysis of same based on competitor price changes and marketing inputs.
4    Timely updation of prices in SAP for allocated zones / geographical areas and communication to respective Zones / Divisional Offices through pricing Circulars.
5    Monthly reconciliation of RSPs for all retail outlets with field inputs for allocated zones / geographical areas.
6    Mapping and configuration of new pricing mechanism and structures in SAP Systems based on type of end customers and products.
7    Providing inputs on prices, basis futures, market variables, government interferences in policies and tax structures for future planning (both short term and medium term)
8    Determination of Internal Transfer Prices for Own Consumption of petroleum products
9    Prepare presentation material for External Conferences, induction for new joinees, management reviews, etc. highlighting key trends, scenarios and basis of pricing affecting overall revenue of the business.
10    Review pricing discrepancies and audit observations for allotted zone/product / geographical area if any and ensure closure of same within a reasonable time.
11    Feasibility study for New / alternate Supply Location for Retail and Bulk supplies taking into account the various factors like geographical location, presence of our facility (asset or agreement), tax, freight etc. pan India
12    Reporting Gross Margins from retail outlet and other modes of sale for informed actions by top management

ACTIVITIES
·         Updation of daily international price movements from various publications.
·         Derivation of Refinery Transfer prices.
·         Daily finalisation of Domestic Prices for petroleum products.
·         Planning & analysis.
·         MIS to management on the margin analysis that aids in decision making for pricing philosophy.
·         Margin analysis for ROs before induction / award of allotment letters.
·         Updation of RSPs based on changes in RTKMs, taxation, freight change, etc.
·         Fortnightly and Monthly finalisation of Domestic Prices for petroleum products.
·         Pricing for customers based on specific contracts / formulae based, etc.
·         Planning & analysis.
·         Ensure adherence to discount policy.
·         Updation of selling price based on changes in taxation, etc.
·         This requires uploading prices in SAP and conducting price check to ensure correct reporting of prices.
·         Analysis and corrections, if necessary of RSPs.
·         SAP Systems and processes
·         Providing daily rolling plan inputs.
·         Working jointly with EPS and IST team for providing price inputs for various scenarios for Business / term crude and rolling plan (Forwards).
·         Aiding internal transfer of material between Marketing and Refinery.
·         Structuring and preparation of presentations and participation in interaction sessions.
·         Address pricing discrepancies in consultation with all concerned.
·         Address audit queries and timely response.
·         Margin analysis and ranking of various supply locations based on margins.
·         Continuous inputs are made available to the top management on key factors effecting Margins and the impact on the same because of fluctuation in any of them.

2.       KEY CHALLENGES
·         To perform under tight timelines and pressure as most of the price changes daily and are announced in the evening and price changes have to be completed and communicated timely to field and ROs.
·         To maintain the quality of output and in-depth analysis for faster and better decision making.
·         Should be accustomed with the work and market dynamics including the tax structure in various states and other specific local pricing complexities.
·         This position will involve a good understanding of Oil industry and requires sound financial and commercial acumen.

3.       KEY DECISIONS
A.         Made by Jobholder:
·         Planning the individual work assignment & prioritisation of activities based on impact & criticality.
·         Reviewing the pricing output & escalating where review or guidance is required.
·         Analysis and take steps to simplify the process based on IT and systems up-gradation.
B.         Recommendations to superior:
·         Projected pricing MIS reports, margin analysis & inputs for rolling plan/strategy/ABP.
·         Suggestions for improvement in process / SOPs.
·         Suggestions for implementation of automation process / simplification of pricing process based on operating experience.

4.       INTERACTIONS
Internal Interactions: All departments ·         Regular interaction with marketing retail, bulk and BD team; marketing finance; taxation; audit at all levels of Management within company
B.         External Interactions: ·         With representatives of PSU’s and pricing professionals of other oil industry & statutory auditors.

5.       DIMENSIONS
Financial Dimensions:
·         Domestic sales turnover is expected to be in range of Rs 30,000 to 40,000 Crs and there is a need for pricing to be precise and accurate as it has a direct impact on the bottom-line
·         Non availability of pricing in SAP may lead to stoppage of product sales thus leading to lower sales and loss of profits.
·         Pricing analysis plays a critical role based on which major retail and domestic marketing decisions are taken.
·         Therefore, accuracy, detailed analysis and proper presentation of information / output are very essential in addition to adhering to the timelines.
B.         Team Size:
·         At present the total team size is planned to be six including the Head of team. This needs to be reviewed and increased once all 10000 Retail outlets are commissioned and we move towards dynamic pricing / differential pricing.
·         This position may have no direct reportees.

6.       SKILLS & KNOWLEDGE
A.         Educational Qualifications & Certifications:
·         Post Graduate / Graduate with commercial and financial acumen.
B.         Relevant (Functional/Level) & Total Years of Experience:
·         Candidate should have at-least 2-4 or more years of relevant experience.
C.         Functional Skills:
·         Knowledge about Oil & Gas industry.
·         Understanding of Oil pricing & accustomed to SAP.
·         Good pricing, financial and commercial acumen.
·         Good understanding of indirect taxes.
·         Good analytic skills and hunch for numbers, statistics.
D.        Behavioural Skills:
·         Ability to work under tight timelines and pressure with composure.
·         Professional integrity.
·         Maturity and team spirit.
·         Eye for detail.
·         Analytical and problem solving bent of mind.

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First Choice Finance Consultants
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Adyar, Chennai, Tamil Nadu. India. Pincode. 600020
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First Choice Finance Consultants is one of the Top Financial Business Process Outsourcing (BPO) consultants located in Chennai, Tamil nadu, India , providing cost effective value added solutions to meet all business process outsourcing needs of customers under one roof. We follow highest level of professional ethics and quality in all our financial consultancy and BPO services.

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