PURCHASE AND BANKING EXECUTIVE FOR STEEL MANUFACTURING -RAIPUR , CHHATTISGARH
1 Nos.
140029
Full Time
3.0 Year(s) To 5.0 Year(s)
2.40 LPA TO 3.00 LPA
Purchase / Logistics / Supply Chain
Steel/Metal/Iron/Non-ferrous
B.Com - Business Management; B.Com - Finance; MBA/MMS/MPM/PGDM - Finance
Job Description:
A Purchase and Banking Executive in the steel manufacturing industry drives the end-to-end procurement of raw materials (iron ore, coal, scrap) and machinery, while managing financial transactions. They negotiate supplier contracts, process payments, maintain vendor relationships, and ensure an uninterrupted, cost-effective supply chain for plant operations.
Procurement & Sourcing
- Strategic Purchasing: Source raw materials, industrial consumables, and spare parts required for continuous steel manufacturing.
- Vendor Management: Identify, evaluate, and develop reliable vendors to secure the best prices and delivery terms.
- Contract Negotiation: Negotiate pricing, delivery schedules, and payment terms to stay within budget constraints.
- Inventory & POs: Create Purchase Orders (POs) in internal ERP systems, monitor stock levels, and track shipments to avoid production delays.
Banking & Commercial Operations
- Payment Processing: Process vendor invoices, reconcile accounts, and manage disbursement of payments.
- Trade Finance: Handle banking documentation, such as Letters of Credit (LCs), Bank Guarantees (BGs), and import-export documentation.
- Financial Compliance: Ensure compliance with statutory regulations (e.g., GST, TDS) and maintain accurate records of financial transactions.
- MIS Reporting: Prepare financial and procurement reports for cost analyses and budget management.
Key Skills Required
- Industry Knowledge: Familiarity with steel raw materials (billets, TMT, sponge iron, alloys) and fabrication consumables.
- Technical Proficiency: Hands-on experience with ERP software (e.g., SAP, Oracle) for purchase and payables.
- Financial Acumen: Strong understanding of banking procedures, LCs, and commercial terms.
- Analytical Skills: Ability to analyze market trends, evaluate supplier performance, and optimize cost-efficiency.
JOB APPLY
http://jobs.vinayakjob.com/
CONTACT DETAILS -
Name - Mr. Ritesh Agrawal
Number - 9893007335
Mail id - candidate@vinayakjob.com
Company Profile
this Raipur-based steel manufacturer specializes in producing mild-steel ingots , TMT bars, and structural steel. The integrated facility produces finished goods from sponge iron and features solar energy integration .
Apply Now
- Interested candidates are requested to apply for this job.
- Recruiters will evaluate your candidature and will get in touch with you.