Torrent Power is one of the leading brands in the Indian power sector, promoted by the Rs. 21500 Crore Torrent Group – committed to its mission of transforming life by serving two of the most critical needs - healthcare and power. It is an integrated power utility and is one of the largest private sector players in India having interests in power generation, transmission, distribution and manufacturing and supply of power cables.
Torrent Power foresaw the prospects in the power sector much before the liberalization, when it took-over and successfully turned around an ailing power cable company Mahendra Electricals, renaming it as ‘Torrent Cables Ltd.’ (now merged with Torrent Power Limited w.e.f. 1st April, 2014). The high points of Torrent’s foray into power however were the acquisitions of two of the India’s oldest utilities – The Surat Electricity Company Ltd and The Ahmedabad Electricity Company Ltd. Torrent turned them into first rate power utilities, in terms of operational efficiencies and reliability of power supply.
VACANCY DETAILS :-
• Day to day Costing
• Variance Analysis
• Order wise Margin
• Costing Run
• Knowledge of COPA ( Costing & Profit Analysis Module)
• Knowledge of 08 Parameters of Costing
• Knowledge of Rules of 130 to 175
• Activity Based Costing
• Production Unit wise/Month wise infitability
• Product Costing
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MT - Finance
- Working knowledge of preparation of FS under INDAS
- Coordinating with units, subsidiaries, internal auditor, ITC auditor & understanding & resolving audit points
- Knowledge of maintaining SAP master data related to FI.
- Working knowledge of income tax, TDS provisions & GST
- Submission of details to internal & statutory auditor as per their requirement.
- Any other related responsibility given by the mgt.
MT - Business Analysis
- Management Analysis of periodical P&L statements
- Analysis of annual capes and revenue budgets
- Preparing periodical MIS statements/reports/presentations for board/investors communication etc
- Preparation of various business reports like integrated annual report, Mgt discussion analysis, Business responsibility report
- Financial forecasting & projections, valuation models etc.
- Any other responsibility given by the mgt.
MT - Project Finance
- Issuing listed NCDs (end to end process including bidding, credit rating, negotiation of term sheet, documents, EBP etc.).
- Issuing listed CPs (handing process end to end).
- Part of team raising term loans, responsible for renewal / tie-up of working capital facilities (including negotiation of term sheets and documents).
- Financial Modelling for fund raising activities.
- Debt related due diligence for acquisition opportunities.
- Overseeing SEBI / RBI compliances and adept with various RBI / SEBI regulations.
- Routine NCD and Loan compliances like debt servicing, stock statement, FFR, UFCE, quarterly compliance reports, financial covenants, CMA reports etc.
- Liaising with Rating Agencies, Lawyers, LIAs, LIEs, Mutual Funds, Consortium Banks etc for tasks, proposals, and approvals under financing documents.
- Preparing management reports on debt and foreign exchange exposure.
- Obtaining title search reports, valuation report etc. being compliances under NCDs & loans.
- Managing non-fund based working capital facilities like LCs, BGs across various units at corporate level.
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