Section Head - Taxation & Receivables
- Waidhan, Madhya Pradesh
- Permanent
- Full-time
Prepare annual budget and forecasts aligned to strategic plans and in accordance with guidelines of unit and Group.
Participate in strategic decision making and after sensitivity analysis.Job Context & Major ChallengesJob Context:
Amelia Coal Mine is located in the Main basin of Singrauli Coalfield, Singrauli District of Madhya Pradesh (~37 km from Singrauli City). The block has been allotted to THDC India Limited, a Mini Ratna Public Sector Undertaking (Joint Venture of NTPC Limited and Government of Uttar Pradesh). THDC has appointed Amelia Coal Mining Limited as their MDO. In FY2023, ACML has begun Overburden Removal and Coal Production. State of Art Technology utilized in Amelia Coal Mine is combination of shovels and dumpers and Surface Miners. Amelia Coal Mine is currently in the ramp-up phase with Peak Rated Capacity (PRC) of 5.6 Million Tonnes Per Annum. Scope of the MDO includes Access to Site, Finance, deploy HEMM, Operate and Maintain Mine, excavate and deliver coal; Construction and Maintain of Coal Handling Plant (CHP), infrastructure including Conveyor (Mine to Railway Siding), Railway Siding, Approach and Access Roads; Arrange Power Supply, Undertake Land Acquisition, R&R, obtain possession of land, procure and renew EC, FC, licenses, permits, etc.Major Challenges:
Some of the major challenges includes achieve and maintain peak coal production and overburden removal, ensure safe operation, maintain coal quality, shifting of Project PDFs, facilitate land acquisition, physical possession of land, implementation of R&R policy, construction, operation and maintenance of Coal Handling Plant (CHP), Coal Conveyor and Railway Siding, compliance with statutory norms, renewal/ amendment of statutory clearances, undertake progressive mine closure, facilitate smooth operation and comply with the requirements as per terms of contract with THDC, Contractors, Sub-Contractors, etc.Key Result AreasKRA Supporting Actions
Receivables Accounting & Management • Ensure accurate accounting, timely invoicing, submission, and collection of receivables (Coal Mining Fees, CHP, Scrap/Asset Sales, Reimbursements).
- Drive working capital optimization and minimize overdue receivables through structured follow-up and escalation.
- Perform monthly reconciliation of AR ledger and prepare AR aging reports with variance analysis.
- Conduct root cause analysis of delayed payments and implement corrective action plans.
- Ensure accurate capitalization of assets in compliance with accounting standards and maintain a comprehensive Asset Register (classification, location, useful life).
- Monitor CWIP regularly and ensure timely capitalization post-project completion.
- Publish Capex Utilization Reports (MBR, DMR) with variance commentary.
- Lead periodic physical verification of fixed assets as per company SOPs.
- Track and manage policy renewals, claims, and vendor insurance compliance (Railway Siding, CHP, etc.) to ensure continuity of coverage.
- Ensure uniformity through standardized formats and templates.
- Provide variance explanations, trend analysis, and actionable recommendations for management decision-making.
- Implement Maker-Checker protocols for master updates, review and purge duplicate/inactive records.
- Complete bank reconciliations within defined TAT and ensure nil unreconciled transactions beyond 5 days.
- Maintain quarterly Related Party Transactions (RPT) register in compliance with Companies Act, 2013 & Ind-AS.
- Reconcile Mutual Fund investments monthly with books, statements, and capital gain reports.
- Ensure timely and accurate filing of GST returns, reconciliation of e-ledgers with books, and submission of ITC-04 as applicable.
- Provide comprehensive support for quarterly, statutory, stock, and IFC audits through data preparation, coordination, and timely submissions.
- Manage lender deliverables, including submission of drawdown certificates, means & application of funds, and stock statements.
- Conduct quarterly knowledge-sharing sessions on finance and taxation.
- Promote cross-functional collaboration with procurement, operations, and project teams to strengthen financial governance.