JSK INDUSTRIES PVT LTD
JOB DESCRIPTION FOR SR. EXECUTIVE – PROCUREMNET, TRADING & FINANCE COORDINATION
About Us:
AN EMERGING NAME IN THE POWER SECTOR
JSK Industries Pvt. Ltd. is a leading Aluminium Conductor manufacturer specializing in:
· Power Transmission & Distribution Conductors
· Aluminium Wire Rods
· Aluminium Alloys, and,
· EC and De-oxi Flipped Coils
Established in 1965, the Company carries out its manufacturing activities in facilities in its state-of-the-art, ISO 9001:2008 certified manufacturing facility at Slivassa. A technology-driven engineering organization, JSK Industries Pvt. Ltd. is well-diversified and ranks amongst the largest private sector aluminium conductor manufacturing companies in the India. The Company is known for initiating new processes, products and materials.
A strong customer-focused approach and a constant quest for quality has enabled the company to attain and sustain leadership position in all lines of business. Our client list includes all the leading names in the power sector. The company is a responsible corporate citizen with abiding belief in human engineering.
Role Overview
The role involves end-to-end coordination of procurement (domestic & imports), MCX operations, LME hedging, banking (LC & bill discounting), and financial reconciliation. The candidate will work closely with Accounts, Plant, Marketing, Banks, and Vendors to ensure smooth execution, compliance, and reporting.
Reporting To: General Manager – Procurement / Finance
Job description
Role & responsibilities
1. Domestic Procurement (Vedanta / BALCO / Hindalco)
Issue Purchase Orders and coordinate dispatch post LC opening or direct payment.
Track material dispatch and receipt in coordination with plant team.
Maintain ingot inventory data (purity-wise and Fe-wise).
Provide LME booking instructions and calculate credit notes; coordinate reconciliation with Accounts.
Perform vendor ledger reconciliation and debit/credit note validation.
Follow up for refunds of excess/credit balances.
Handle LC document discounting and maintain records with bank advices.
Resolve quality-related issues in coordination with vendors and plant.
Conduct fortnightly reconciliation with Accounts and ensure closure of creditor balances.
2. Import Procurement
Issue PO/Contracts and initiate LC or direct payment requests.
Coordinate with import/logistics teams for dispatch planning.
Maintain complete documentation and data entry for import shipments.
Handle LC discounting, document submission, and bank coordination.
Calculate debit/credit notes and perform ledger reconciliation.
Track refunds and maintain LME pricing records.
Manage advance licenses, PO mapping, and import planning.
Support any additional import-related operational activities.
3. MCX Operations
Share contract notes with Accounts for transactions via Kotak Securities.
Maintain monthly open position records.
Physical Delivery (Mumbai/Raipur):
Prepare and verify delivery documents (DTD, COMRIS entries).
Coordinate with warehouse teams for stock verification and issue resolution.
Material Withdrawal:
Initiate COMRIS withdrawal requests and arrange logistics.
Maintain records of material movement.
Settlement & Reconciliation:
Handle pay-in obligations, invoicing, and customer coordination.
Reconcile payments (basic + GST).
Calculate brokerage, warehouse charges, and validate vendor bills.
Coordinate with management for payment approvals.
4. Letter of Credit (LC) & Bill Discounting
Draft and review LC terms; highlight discrepancies.
Coordinate with banks for LC issuance, negotiation, and discounting rates.
Verify documentation before submission and resolve discrepancies.
Track shipment documents, POD, and acceptance status.
Maintain LC/BD database (BOE details, rates, timelines, etc.).
Coordinate with teams for acceptance, discrepancy resolution, and due-date tracking.
Maintain records of all bank advices and provide data to Accounts/Banking teams.
5. NALCO Coordination
Circulate price updates and discount structures.
Review MOU changes and highlight deviations.
Monitor dispatches and pending payments.
Validate credit note calculations and coordinate issue resolution.
6. Quantity & Pricing Analysis
Maintain data of orders and purchases for financial position tracking.
Perform backward costing (Ex-Works to Ingot pricing).
Allocate purchase prices against sales orders (PO-wise).
Manage back-to-back quantity mapping.
Coordinate with Marketing for order tracking and reporting.
Prepare fortnightly MIS and present to management.
7. LME Hedging
Maintain LME booking records (StoneX).
Share reports with Accounts.
Prepare monthly/quarterly hedging reports for banks.
Coordinate with brokers for margin calls and fund settlements.
8. MCX Transactions – Group Entities (Purak / Eklavya)
Oversee MCX transactions and end-to-end process execution.
Track mutual fund transactions (Motilal).
Perform ledger reconciliation and correct discrepancies.
Share contract notes with Accounts and validate entries.
9. Treasury & Compliance
*Manage import/export dollar exposure data.
Maintain LME and RBI reference rate records.
Review price variation clauses in contracts.
Coordinate with plant for material planning.
Handle credit rating process (including ICRA review and comparison).
Manage LEI renewal process.
10. Additional Responsibilities
Support banking operations.
Execute trading orders as required.
Handle debit/credit note transactions related to trading.
Undertake ad-hoc assignments as per business needs.
Key Skills & Competencies
Strong understanding of commodity trading (LME/MCX)
Knowledge of LC, bill discounting, and banking processes
Financial reconciliation and accounting coordination
Advanced Excel and data management skills
Attention to detail and strong follow-up skills
Coordination across multiple stakeholders
Education
Graduate (B.Com//Postgraduate) Finance, or related field
Experience Required: 3–8 years of experience in of relevant experience in metals/commodity trading, imports, or finance operations
Company Address:
Company Info Website https://www.jskindia.in Address: JSK Industries Pvt Ltd 2nd Floor, Sadhana Rayon House D.N Road, Fort, Mumbai- 400001, Contact Details Email :[email protected]
Phone no : 022-45407777/ 9819390616
Website : www.jskindia.in
Job Types: Full-time, Permanent
Pay: ₹50,000.00 - ₹55,000.00 per month
Work Location: In person
