Responsible for planning, implementation, managing and running all financial activities of the JV including business planning, budgeting, forecasting and negotiations. Also, responsible to provide Strategic recommendation to CEO, maintaining investor relations and partnership compliance and activities pertaining to Investment Appraisal for creation of JV as well as commissioning of Solar, Wind and Power Storage facilities in India so as to supply Round-the-Clock Renewable Energy to IOCL to… Show more Responsible for planning, implementation, managing and running all financial activities of the JV including business planning, budgeting, forecasting and negotiations. Also, responsible to provide Strategic recommendation to CEO, maintaining investor relations and partnership compliance and activities pertaining to Investment Appraisal for creation of JV as well as commissioning of Solar, Wind and Power Storage facilities in India so as to supply Round-the-Clock Renewable Energy to IOCL to achieve its Net Zero target by 2046. Show less

Within the scope of my present responsibilities, I am primarily accountable to lead activities in Commercial - Finance & Banking, International Trade, Project Finance, etc. Partner with the top management in translating the divisional strategy into annual financial business plans and ensured implementation, progress monitoring, and proposed corrective actions as required.

Over my tenure, I set up high-growth operations of substantial impact - reached business and profit goals with corporate strategies, internal controls and financial analysis. Represented the finance operations in the business strategy decision formulation and summarized the company's financial status in various business aspects thereby providing critical analysis and strategic insights.Furthermore, I managed the renewal and operations of the Marine Transit Insurance Policy for crude oil… Show more Over my tenure, I set up high-growth operations of substantial impact - reached business and profit goals with corporate strategies, internal controls and financial analysis. Represented the finance operations in the business strategy decision formulation and summarized the company's financial status in various business aspects thereby providing critical analysis and strategic insights.Furthermore, I managed the renewal and operations of the Marine Transit Insurance Policy for crude oil imports; monitored the opening and evaluation of quotes from the Insurance Companies, performed negotiations with them, awarded tender and issued a deposit for premium payment, and effected provisional and final insurance premiums and accounting of same thereof, etc. Took care of availment and repayment of short term & long-term ECB Loans, Project Loans, Bonds, WCDL, etc. as well as all activities about payment of imported & indigenous crude and other crude cost elements.Moreover, I endorsed operational and strategic business decisions with ad-hoc models and analysis. Show less

Joined as Manager in Jul 2011 and promoted to Sr. Manager in 2015.I was responsible for ensuring revenue concurrence of proposals and performing commercial bid analysis including tender committee roles, etc. Meanwhile, I managed the preparation & maintenance of books of accounts, annual report, audit, payment to contractors, the deposit of tax, TDS return, Investment of surplus funds etc. of IOF.Further, I looked after post order finance concurrence; monitored the… Show more Joined as Manager in Jul 2011 and promoted to Sr. Manager in 2015.I was responsible for ensuring revenue concurrence of proposals and performing commercial bid analysis including tender committee roles, etc. Meanwhile, I managed the preparation & maintenance of books of accounts, annual report, audit, payment to contractors, the deposit of tax, TDS return, Investment of surplus funds etc. of IOF.Further, I looked after post order finance concurrence; monitored the finalization and closure of LSTK Contracts of PNC (EPCC 1 to EPCC-16); and made payments to various contractors for various other projects like BDEU, Butine-1, FCCU, etc. Show less

While working as Manager, Finance-Shipping Dept., IOCL, Refinery HQ, my responsibility was to manage Crude import related payments including freight, demurrages, brokerage, port charges, and additional war risk premium, daughter vessel charges, STS charges, etc.Besides, I managed the opening of L/cs for crude imports as per import requirements, submission of audit certificates, TDS/withholding tax payments and returns thereof. I also monitored the booking of loan forwards, currency… Show more While working as Manager, Finance-Shipping Dept., IOCL, Refinery HQ, my responsibility was to manage Crude import related payments including freight, demurrages, brokerage, port charges, and additional war risk premium, daughter vessel charges, STS charges, etc.Besides, I managed the opening of L/cs for crude imports as per import requirements, submission of audit certificates, TDS/withholding tax payments and returns thereof. I also monitored the booking of loan forwards, currency future, options, etc. as per details advised by IOC, treasury incl. forwards premium amortizations; and liability for forwarding contracts, foreign currency receivables and revaluations, reviewing ASI-10 calculations, etc.In addition, I adhered to compliance with statutory requirements like TDS deduction on brokerage & other contractual payments, correct withholding tax deductions for charter hire payments and timely deposit of same into govt. treasury as per statutory time limit. Show less

Moved to the department of International Trade as Finance office, and got promoted to Assistant Manager. Over the tenure, I performed the scrutiny and evaluation of the global spot & term tenders for import of crude oil and petroleum products at the most competitive price and export of surplus products, analyzing offer again economic and technical criteria. Evaluated crude oil basket for procurement through Annual Term Contract from National Oil Companies based on economic and technical… Show more Moved to the department of International Trade as Finance office, and got promoted to Assistant Manager. Over the tenure, I performed the scrutiny and evaluation of the global spot & term tenders for import of crude oil and petroleum products at the most competitive price and export of surplus products, analyzing offer again economic and technical criteria. Evaluated crude oil basket for procurement through Annual Term Contract from National Oil Companies based on economic and technical considerations, in-depth analysis of price trend, market demand & supply, etc.Further, my emphasis was on conducting a periodical review of reference tenders for crude products. I even registered foreign suppliers/buyers for import of crude oil and import/export of petroleum products and provided risk management tools based on their oil trading experience, financial credibility, etc.I played a pivotal role in performing the periodical review of registered parties based on their participation and financial condition. Conducted the evaluation and finalisation of oil derivative tenders. Prepared daily Pay In/Pay Out report for derivative trading on National Commodity & Derivative Exchange (NCDEX) and Multi Commodity Exchange (MCX) for hedging of oil price risk. Show less