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mobile app development

Job Description of a Mobile App Developer 2023| Responsibilities| Duties

Functional Role of a Mobile App Developer is to develop application software codes for a targeted mobile software application. Duties of Mobile App Developer include requirement analysis, framework design, coding, testing, debugging, implementation and maintenance of mobile software applications.

Do you want to know in detail what a Mobile App Developer does? What you should look for in a Mobile App Developer Resume? What are the points you should include in your Mobile Application Developer CV? Please read below.

Responsibilities of a Mobile App Developer:

  • Participate in the development of mobile product deployed on diverse platforms with focus on iOS, Android.
  • Apply an understanding of project requirements and developed the program code to meet the system requirements, design, and technical specification as per quality parameters
  • Serve as a Technical Expert Representative between teams and clients
  • Focus towards improving technology at the maturity level of an organization
  • Propose alternative technical solutions to meet client requirements with more efficiency, greater reusability, scalability, and reliability
  • Coordinate with the project team to define application architecture, database, and system design
  • Ensure constant discovery, evaluation, and implementation of new technologies to maximize development efficiency
  • Explore new technologies and designed PoCs, while performing a technical-feasibility check as per requirements
  • Identify spikes in user stories and suggested risk mitigation steps
  • Interact and collaborate with clients for various technical discussions
  • Educate and empower team members by conducting training over best coding practices and new technologies
  • Impart technical support and consultation to a team member or a client as per requirements.
Mobile App Developer
Mobile App Developer (dreamstime.com)
  • Leading service delivery projects for the customer, understanding scope and ascertain if Continuous Improvements to existing code can be a viable solution.
  • Mentor teams on Agile and transition to new methodology.
  • Translate Design and wireframes into high quality code, optimized code base.
  • Participate in complete Software Development Life Cycle (SDLC) for proper analysis, development, testing, deployment and enhancement of the code.
  • Design strategic plan for component development practices to support future projects.
  • Trouble-shooting client issues with high level data analysis and provide solutions.
  • Work closely with the client and the users for providing Support/Enhancement to the application.
  • During Application Outages and New Implementation, work proactively, take quick decisions and involve concerned teams for quick resolution of issues in timely manner.

How to become a Mobile App Developer:

Educational Qualification requirement for a Mobile App Developer is Graduate or Bachelor degree from any of college/university Computer Science or Computer Engineering or Bachelor of Computer Application (BCA) or Master of Computer Application (MCA).

Technical Skills Required for Mobile App Developer:

  • Xcode, Swift, Objective-C
  • RxCocoa & RxSwift
  • Core Java & Advanced java
  • iOS SDK, CoreData, TDD/Unit Testing
  • MVC, MVVM
  • GCD, JSON-Serialization, REST APIs
  • Oracle (PL/SQL), SQLIte
  • Java Script, HTMl, CSS, Ajax, XML, Jquery
  • REST (XML, JSON), SOAP
  • Alamofire, Combine
  • Protocol / Functional / Object Oriented Programming
  • UIKit, Quartz Core, Coredata, Map Kit, MessageUI, Libxml2, Core Location, Foundation, System Configuration, VFoundation, Facebook SDK, Twitter, Dropbox, Google Drive, One Drive, Microsoft Box, Realm, RX
  • Third Party Libraries

Soft skills Required for Mobile App Developer:

  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Mobile App Developer in the industry?

Mobile App Developers are required and hired in Mobile Application Development companies, Software Companies, IT companies, Banks, NBFC (Non-Banking Financial Company) Companies, Insurance companies, Financial Services companies, Mutual fund Companies etc. Basically, Software is required in all the industries as a support system. So, there is always a huge demand of Software Engineers.

Salary of Mobile App Developer (in India):

Salary of a Software Developer in India ranges from 3 Lacs Rupees to 50 Lakhs Rupees per annum. depending upon the Experience, Expertise, Industry, Business volume etc.

F.A.Q:

There are very high demands Software Developer abroad.

Also Read:

Job Description of a Software Developer

Job Description of a Portfolio Manager

software developer job

Job Description of a Software Developer 2023| Responsibilities| Duties

Functional Role of a Software Developer is to develop software codes for a targeted software application. Duties of Software Developer include requirement analysis, database design, coding, testing, implementation and maintenance of several software applications.

Do you want to know in detail what a Software Programmer does? What you should look for in a Software Developer Resume? What are the points you should include in your Software Coder CV? Please read below.

Responsibilities of a Software Developer:

  • Responsible for end-to-end development from requirement analysis to system study, coding, testing and debugging. Involved in requirement analysis, database design, coding, testing, implementation and maintenance of several software applications.
  • Responsible for fixing all the bugs reported by the testers, conducting Research and Development on issues created after testing and ensure smooth implementation of the project.
  • Assisted in design & development of the workflow diagrams & follow up till solving the problem along with writing database queries. Deftly coordinated with onsite for timely delivery of project & query resolutions.
  • Collaborated with the team members and senior management to maintain a continuous stream of information regarding the project status and progress.
  • Ensuring issues are promptly addressed documented and resolved in a timely and professional manner and passing them to correct channels.
Software Developer
Software Developer (dreamstime.com)

How to become a Software Developer:

Educational Qualification requirement for a Software Developer is Graduate or Bachelor degree from any of college/university Computer Science or Computer Engineering or Bachelor of Computer Application (BCA) or Master of Computer Application (MCA).

Technical Skills Required for Software Developer:

Computing PlatformsUbuntu Linux, Windows (XP, 7, 8, 2003)
Languages Big DataJava SE6, C# Hadoop, Pig, HBase, Hive, Flume, Sqoop, Oozie
.NET TechnologiesASP.NET 4.5, C#, ADO.NET, LINQ, EF, Web API, Ajax
Web TechnologiesHTML, XML, CSS, Jquery, ASP.NET 4.5, Angular 5
Scripting LanguagesTypeScript, JavaScript
DatabasesOracle 10g, MS SQL Server 2012
Java TechnologiesJDBC, Servlets, JSP, RMI, Swing, Beans, Applet
IDEVisual Studio 2015, Net Beans
Reporting Tools Source  Code ManagementSSRS , Crystal Report 13 TFS 2015

Soft skills Required for Software Developer:

  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Software Developer in the industry?

Software Programmers are required and hired in Software Companies, IT companies, Banks, NBFC (Non-Banking Financial Company) Companies, Insurance companies, Financial Services companies, Mutual fund Companies etc. Basically, Software is required in all the industries as a support system. So, there is always a huge demand of Software Engineers.

Salary of Software Developer (in India):

Salary of a Software Engineer in India ranges from 3 Lacs Rupees to 50 Lakhs Rupees per annum. depending upon the Experience, Expertise, Industry, Business volume etc.

F.A.Q:

There are very high demands Software Developer abroad.

Also Read:

Job Description of a Portfolio Manager

Job Description of a Financial Analyst

Portfolio Manager feature

Job Description of a Portfolio Manager 2023| Responsibilities| Duties

Functional Role of a Portfolio Manager is to manage the Portfolio Research and Analysis of a financial product or institution. Duties of Portfolio Manager include Portfolio Research, Investment Management, Portfolio Performance Measurement, Tracking the performance of mutual fund products etc.

Do you want to know in detail what a Portfolio Manager does? What you should look for in a Portfolio Manager Resume? What are the points you should include in your Portfolio Manager CV? Please read below.

Responsibilities of Portfolio Manager:

❑ Responsible to provide independent Investment strategies including Performance analysis (Peer group analysis, trend analysis, identifying driving factors, top performing strategies &writing commentaries), Attribution analysis, and data analysis.

❑ Analyse Market risk based on various factors like fundamental, economic, geographic etc for different asset classes (Equity, Fixed Income, Multi asset).

❑ Analyse the statics like VaR, SVaR, volatility, Spread, duration, correlation, beta and risk adjusted numbers.

❑ Provide Analysis on market risk hedge and stress test that estimate the performance impact in certain economic and custom scenarios.

❑ Responsible for risk attribution analysis that include County, Currency & Sector exposure.

❑ Conduct what if analysis by building custom based portfolio considering various factors like correlation & contribution to Total risk etc.

❑ Review risk exposures in proposed new products/Funds, Model portfolios. Provide what if/scenario analysis for various fund of funds.

❑ Use investment analytical tools to monitor and report investment portfolio risk exposures.

❑ Work collaboratively with other team members both at onshore and offshore locations and achieve the highest level of risk reporting quality and produce weekly, monthly and quarterly risk reports required by Investment Management Senior Executives, Affiliates and other stakeholders.

❑ Work as project lead for various projects using Agile Methodology for project management.

❑ Work on the vendor and database billed up projects. 

Portfolio Manager
Portfolio Manager (dreamstime.com)
  • Managing Multi-asset mutual-fund based portfolios (PMS)
  • Contributing to asset allocation (Strategic & Tactical) and fund selection decisions
  • Evaluating mutual funds (equity and fixed-income) for portfolio inclusion, including interactions with fund managers of fund houses
  • Tracking Global and Domestic Equity and Fixed-income markets, and Commodities (gold, crude oil)
  • Portfolio analysis – Attribution & Contribution analysis, Style analysis, tracking risk metrics (viz. interest rate, credit, concentration, active risk), risk-adjusted return measures, Active share with respect to  benchmark Qualitative content writing assessing markets and trends
  • Presentations for core product and client portfolios
  • Tracking & evaluating mutual fund products and the industry
  • Conducting impact analysis of any developments at an industry or product level
  • Answering Financial planning queries from media houses and clients
  • Executing client trades and handling client queries
  • Conducting portfolio assessment of clients and recommending appropriate asset allocation and portfolio funds based on their risk appetite
  • Analyzing return reports for various category sectors like Equity Domestic(ED), Equity international (EI), Fixed Deposit (FD), FI (Fixed Income), Short Term Funds (ST), Non-Managed Funds (NM), TF (Total Fund) and other relevant sectors.
  • Fixing Corporate Actions, Spin-Offs, partial refunding corporate actions, split and reverse split corporate actions, missing prices issues, Cash out of balances and Unit out of balances Adjustments.
  • Generating QPR reports (Quarterly Performance Reports) with ITD(inception till date) and YTD(year till date) performances of a security for our client’s.
  • Handling queries from client’s based on return issues, inception dates, accrual, market value, dividends directing assets, investment style, etc.

How to become a Portfolio Manager:

Educational Qualification requirement for a Portfolio Manager is Graduate or Bachelor degree from any of college/university Commerce or Science or engineering and must be a CA (Chartered Accountant) or MBA in Finance or CFA (Chief Financial Analyst) Certified.

Technical Skills Required for Portfolio Manager:

  • Strategic Planning & Leadership
  • MIS Management
  • Analytical Forecasting acumen
  • Mathematical expertise
  • Handle large quantitative data

Software skills Required for Portfolio Manager:

ERP/SAP

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Portfolio Manager:

  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Portfolio Manager in the industry?

Portfolio Managers are required and hired in Banks, NBFC (Non-Banking Financial Company) Companies, Insurance companies, Venture Capital companies, Financial Services companies, Mutual fund Companies etc. So, there is always a huge demand of Portfolio Managers.

Salary of Portfolio Manager (in India):

Salary of Portfolio Manager in India ranges from 6 Lacs Rupees to 100 Lakhs Rupees per annum. depending upon the Experience, Expertise, Industry, Business volume etc.

F.A.Q:

There are very high demands Portfolio Managers abroad.

Also Read:

Job Description of a Costing Manager

Job Description of an Actuarial Manager

Cost Accountant

Job Description of a Costing Manager 2023| Responsibilities| Duties

Functional Role of a Costing Manager is to manage Annual costing of a company. Duties of Treasury Manager include Budgeting forecasting, variance analysis, Marginal Costing, break even analysis, Profitability analysis, Audit, Compliance etc.

Do you want to know in detail what a Costing Manager does? What you should look for in a Costing Manager Resume? What are the points you should include in your Cost Accountant CV? Please read below.

Responsibilities of Costing Manager:

Cost Accountancy:

  • Preparing Cost sheet, MIS related to all the Cost, Internal Audit, Inventory management, Marginal Costing, Maximum & Minimum, re-order level, EOQ order level, Implementation of Reports in ERP
  • Preparing budget and controlling, monitoring expenses of new plant
  • Preparing KPI’s and analysis of KPI’s with concerned departments
  • Annual Budget for Material and variance analysis,
  • Work closely with the Plant Finance Manager to provide business partnering support to the plant operations team undertaking variance analysis reviews on cost centers, standards, co-coordinating with Engineers and department Head for Cost Reduction. 
  • Budgeting forecasting, Annually, Quarterly, Analyzing variance against plan
  • Calculation of raw Material Requirement as per Budget, Monthly analysis both in terms of Quantity and value of Production, Consumption, Yield, cost of raw material and cost of production and conversion, Sales and also showing variance compared to standard costing.
  • Purchase price analysis for Key Input materials, Material wastage analysis, Labor productivity analysis in the organization
  • Conducting break even analysis, Material wastage analysis, Labor productivity analysis in the organization.
  • Preparing and maintaining documents on machine utilization with break-up of idle machine, machine productivity vis a vis standard, utilization of power and fuel etc.
  • Expenses analysis, Variance analysis, Monitoring all the expenses Regularly,
  • Raw Material Procurement Planning, Raw material Consumption Analysis.
  • Preparing Sales strategy, Sales Report, Production Report, Ratio analysis Etc.
  • Calculation of Gross profit Margin, Net Profit, Break even analysis, Profitability analysis.
  • Cost center analysis, Raw Material procurement planning & Pricing etc.
  • Preparation of performance report of various department/ Cost center
  • Conducting break even analysis, Material wastage analysis, Labor productivity analysis in the organization.
  • Annual Budget for Material and variance analysis
Costing Manager
Costing Manager (dreamstime.com)
  • Responsible for maintaining standard cost of API’s / Product in the SAP based on BOM & Recipe.
  • Responsible for Batch wise Actual Costing of API’s / Product.
  • Variance Analysis – Material Variance (Price & Usage).
  • Analysis of impact on Product Cost of change in Raw Materials Rate, Manufacturing Process & Raw Materials mix etc.
  • Providing product costing to management for various commercial decisions making based on consumption norms.
  • Cost Comparison of API’s & Intermediate (Inhouse vs Outsource).
  • Making estimates of new and proposed product costs.
  • Analyze costs of key raw materials and other supplies and create cost-benefit analyses for changing vendors.
  • Analysis of Solvent Procurement, Consumption & its recovery.
  • Monthly Opex monitoring against budget and Analysis of GL & Cost Center wise expenses booking.
  • Inventory Valuation, Aging & Analysis.
  • Review the Non-Moving & Nery Expiry Stock of all materials to take decision for liquidation.
  • Monthly Inventory Valuation, Aging & Analysis.
  • Initiate to support cost saving activity with cross functional team (i.g. solvent recovery / optimum utilization of opex / product time cycle & yield imprudent etc).
  • Conducts quarterly Physical Stock Audit / Verification.
  • Preparation of Monthly Volumetric Reactor Occupancy.

MIS:

  • Preparing Profitability / EBITDA
  • Product wise Actual Costing Analysis with remarks for the variations ( current vs last campaign )
  • Variance Analysis ( Material Variance : Price, Usage )
  • Analysis of Production Plan vs Actual
  • Calculation & Analysis of Revenue Contribution/Margin
  • Product wise Yield Analysis Report with cost impact
  • Batches Working

Budget:

  • Preparing Opex Budget of API plants
  • Support to preparation of Capex Budget

Cost Audit:

  • Primary & Secondary distribution (Collection, Allocation & Apportionment of overheads) for determining Cost of products/activities.
  • Product wise Profitability Working, Preparation of product wise cost sheet.  
  • Raw Material / Packing Material consumption (RMPM) of API for cost audit purpose.

How to become a Costing Manager:

Educational Qualification requirement for a Costing Manager is Graduate or Bachelor degree from any of college/university in Commerce and must be a ICWA (Institute of Cost Accountants of India – ICMAI) or CMA (Cost Management Accountant) Certified.

Technical Skills Required for a Costing Manager:

  • Strategic Planning & Leadership
  • MIS Management
  • Analytical Forecasting acumen
  • Mathematical expertise
  • Handle large quantitative data

Software skills Required for Costing Manager:

ERP/SAP

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Costing Manager:

  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Costing Manager in the industry?

Costing Managers are required and hired in manufacturing, infrastructure, heavy engineering Companies, Logistics, cost management consulting firms etc. So, there is always a huge demand of Costing Managers.

Salary of Costing Manager (in India):

Average Salary of Costing Manager in India ranges from 5 Lacs Rupees to 50 Lakhs Rupees per annum. depending upon the Experience, Expertise, Industry, Business volume etc.

F.A.Q:

There are medium demands of Costing Managers abroad.

Also Read:

Job Description of a Chartered Accountant (CA)

Job Description of an Accounting Manager

Actuarial Manager

Job Description of an Actuarial Manager 2023| Responsibilities| Duties

Functional Role of an Actuarial Manager is to assess and manage financial risks in various industries, particularly in insurance, pensions, and investments by mathematical and statistical models. Duties of an Actuarial Manager include Risk Assessment, Future Investments analysis, Valuation Reports, Asset Liability Modelling etc.

Do you want to know in detail what an Actuarial Manager does? What you should look for in an Actuarial Manager Resume? What are the points you should include in your Actuary Manager CV? Please read below.

Responsibilities of Actuarial Manager:

  • Actuarial triennial valuations of Defined Benefit Pension Schemes. The valuation involved the following tasks.
  • Analyzing and validating data as required for valuation of the benefit scheme. Performing member reconciliation checks for reasonableness of data. Preparing data queries to be asked from client.
  • Coding the valuation tool as per the scheme benefits.
  • Deriving different bases such as Current Ongoing Basis, Solvency Basis, etc.
  • Running the valuation tool and estimating liabilities on different bases such as Last time Ongoing Basis, Current Ongoing Basis, Sensitivities, Solvency Basis, PPF, etc.
  • Check the liabilities given by the valuation tool by performing different types of checks such as Individual member checks, Global Checks, Roll forward Checks, Change of basis checks by excel or hand calculations.
  • Preparing Analysis of Surplus.
  • Reviewing design, coding and maintenance of actuarial models in line with actuarial guidelines
  • Reviewing validation of actuarial models including documentation of testing, results and actions taken upon uncovering model defects
Actuarial Manager
Actuarial Manager (dreamstime.com)
  • Preparation of formal certificates such as Valuation Reports, Funding Advice Report and Statement of Funding Principles.
  • Preparation of Valuation Notes.
  • Preparing Funding Updates (Asset Liability Modelling) – Monthly, Quarterly, Half-yearly and Annual – involving carrying out roll forward and change of basis calculations to assess the position of the surplus/deficit without carrying out the full valuation of the scheme during the inter-valuation period.
  • Preparing Accounting Disclosures on different accounting standards.
  • Preparing Transfer Value calculations.
  • Preparing Investment Report called as Quarterly Monitoring Reports (QMR).
  • Involved both as a Reviewer and Doer for the above mentioned tasks.
  • Involved in coaching and mentoring new team members and bring them to standard performance levels.
  • Experience in workflow management within the team.
  • Recruitment of actuarial team members as per requirements by conducting interviews
  • Lead, manage & motivate a team of 6 actuarial analysts to achieve desired outcomes and objectives
  • Perform team appraisals and ensure periodic conduct of Reward & Recognition activities
  • Work with HR to establish technical courses and training programs for development of the team
  • Active member of the actuarial management team and responsible for driving key initiatives and participate in decision making for the entire team

How to become an Actuarial Manager:

Educational Qualification requirement for an Actuarial Manager is Graduate or Bachelor degree and Master Degree from any of college/university in Mathematics, Statistics and should be pass-out (CT1-CT9) from Institute of Actuaries of India (IAI).

Technical Skills Required for Actuarial Manager:

  • Strategic Planning & Leadership
  • MIS Management
  • Analytical Forecasting acumen
  • Mathematical expertise
  • Handle large quantitative data

Software skills Required for Actuarial Manager:

ERP/SAP, Mathematical and statistical tool

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Actuarial Manager:

  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Actuarial Manager in the industry?

Actuarial Managers are required and hired in Banks, NBFC (Non-Banking Financial Company) Companies, Insurance companies, Venture Capital companies, Financial Services companies, Mutual fund Companies etc. So, there is always a huge demand of Actuarial Managers.

Salary of Actuarial Manager (in India):

Salary of Actuarial Manager in India starts from 10 Lacs Rupees and it can go up to 50 Lakhs Rupees per annum or more. depending upon the Experience, Expertise, Industry, Business volume etc.

F.A.Q:

There are very high demands Actuarial Managers abroad.

Also Read:

Job Description of an Insurance Sales Manager

Job Description of an Insurance Claims Manager

Insurance Claims Manager

Job Description of an Insurance Claims Manager 2023| Responsibilities| Duties

Functional Role of an Insurance Claims Manager is to settle insurance claims in an insurance company. Duties of Insurance Claims Manager is to monitor the claims process and ensure that claims are processed fairly, efficiently, and in compliance with industry regulations and company policies etc. They are responsible for managing the claims team, evaluating claims, negotiating settlements, ensuring compliance, developing policies and procedures, analysing claims data, and building and maintaining relationships with stakeholders.

Do you want to know in detail what an Insurance Claims Manager does? What you should look for in an Insurance Claim Manager Resume? What are the points you should include in your Insurance Claim Manager CV? Please read below.

Responsibilities of Insurance Claims Manager:

  • Handling cashless, reimbursement and investigation for suspected claims.
  • Surprise visits to hospitals to validate the cashless claim for pre-existing diseases, fraudulence
  • Handling Marketing team escalations related to cashless and reimbursement claims and clients’ grievances and issues.
  • Handling issues with hospital relating to violation of ANH packages, bundling of procedures, overbilling negotiation with hospital staff to revise the bills and clients’ issue with hospital
  • Assessing hospital claims data, billing errors, reasonable cost inflated bills
  • Reporting to in house research analysis wing with inputs
  • Maintaining Good relations with hospitals and regular visit to the hospitals for cashless claims
  • validation
  • Medical approval and billing of the claims for cashless allocated for pre authorization, final enhancement
  • Scrutiny of cashless claims for pre-authorization if any insufficient documents provided initiation of query
  • Cashless claims processing for enhancement approval review the final bill with discharge summary and supporting investigation reports relevant to diagnosis
  • For Suspicious claims initiate for investigation (regional vigilance officer).
  • Check conformity require additional documents require for processing.
  • Handling of grievance claims to provide the medical opinion and processing of rejection reconsideration and deduction reconsideration related claims payable or not.
  • Medical underwriting for various retail health policies based on the respective policy conditions in view of the medical records.
  • Health Underwriting Training for updating the IMDs for the current policies as well as upcoming policies.
Insurance Claims Manager
Insurance Claims Manager (dreamstime.com)

How to become an Insurance Claims Manager:

Educational Qualification requirement for an Insurance Claim Manager is Graduate or Bachelor degree from any of college/university in any medical profession or a Doctor for health insurance claims and Insurance Professional Certification Course from Insurance Institute of India for general insurance claims.

Technical Skills Required for Insurance Claims Manager:

  • Strategic Planning & Leadership
  • Knowledge of insurance products, policies.
  • Claims processing systems
  • Legal knowledge

Software skills Required for Insurance Claims Manager:

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Insurance Claims Manager:

  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Insurance Claims Manager in the industry?

Given the importance of insurance claims management, there is always a high demand for qualified and experienced professionals in this field. Insurance companies need to ensure that their claims process is handled promptly and accurately, to maintain customer satisfaction and loyalty. Moreover, the insurance industry is expanding globally, and new insurance products are being introduced in the market. As a result, the demand for Insurance Claims Managers is expected to remain high in the coming years.

Salary of Insurance Sales Manager (in India):

Average Salary of Insurance Claims Manager in India starts from 5 Lacs Rupees to 15 Lakhs Rupees per annum. depending upon the Experience, Expertise, Industry, Business volume etc.

F.A.Q:

There are very low demands Insurance Claims Managers abroad

Also Read:

Job Description of an Insurance Sales Manager

Job Description of a Treasury Manager

Insurance sales manager

Job Description of an Insurance Sales Manager 2023| Responsibilities| Duties

Functional Role of an Insurance Sales Manager is driving sales growth, achieving revenue targets of an insurance company. Duties of Insurance Sales Manager include Recruiting and training agents, setting sales targets and goals, Developing sales strategies, analysing sales data, building and maintaining relationships, compliance etc.

Do you want to know in detail what an Insurance Sales Manager does? What you should look for in an Insurance Sales Manager Resume? What are the points you should include in your Insurance Manager CV? Please read below.

Responsibilities of Insurance Sales Manager:

  • The sales manager is responsible for hiring and training new agents and ensuring that they are equipped with the necessary knowledge and skills to sell insurance products effectively
  • responsible for setting sales targets and goals for the team and monitoring their progress towards achieving those targets.
  • Handling Retail Brokers and their teams with Products and Portfolio for Insurance.
  • Giving quotation and close the cases proactively, visiting customer place to close the sales along with team.
  • Achieving assigned PMS sales targets through Intermediaries Mapped team.
  • Maintaining relationships with the Agents.
  • To solve problems/Issues proactively and develop a strong relationship with the Agents.
  • To meet Agents, Lead Providers, Intermediaries on a regular basis and maintaining records of the same in a planned manner.
  • Calling customers, scheduling meetings, and giving presentations
  • Assisting clients in finding suitable coverage according to their assets by following company’s
  • guidelines
  • Effectively using innovative sales techniques for identifying prospective clients to provide leads
  • for additional business
  • Maintaining professional and dedicated relationships with new as well as existing clients by
  • informing them about the best options as per the market scenarios
  • Closing policy sales by meeting clients for presenting the policy material with clarity and
  • enthusiasm to build outstanding rapport to ensure long term relations
  • Effectively counseling and advising prospective clients, and existing policy holders on matters of
  • protection and proper coverage limits
  • Representing the company and selling more than one insurance products to clients
  • Locating potential customers and developing business opportunities
  • Organizing gatherings and calling individuals and companies and speaking publicly on insurance
  • policies
  • Ascertaining customers’ needs and financial status and preparing long-term insurance goals
  • Coordinating with underwriters and discussing on legal matters of selling insurance products
  • Assisting customers in completing application forms for insurance purchase
  • Called, met, and converted potential customers into regular clients for the company
  • Helped policy holders in completing formalities for claims settlement
  • Recruiting IRDA agents and Stats business from them
Insurance Sales Manager
Insurance Sales Manager (dreamstime.com)

How to become an Insurance Sales Manager:

Educational Qualification requirement for an Insurance Manager is Graduate or Bachelor degree from any of college/university in any stream or subject.

Technical Skills Required for Insurance Sales Manager:

  • Strategic Planning & Leadership
  • knowledge of new insurance products, policies and their prices
  • Handle large quantitative data
  • Excellent customer service and sales skills

Software skills Required for Insurance Sales Manager:

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Insurance Sales Manager:

  • Good interpersonal and communication skills
  • Strong persuasive skills to nurture healthy and professional relationships with clients
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Insurance Sales Manager in the industry?

Insurance Sales Managers are required and hired in Insurance companies, Banks, NBFC (Non-Banking Financial Company) Companies, Financial Services companies, Mutual fund Companies etc. So, there is always a huge demand of Insurance Sales Managers.

Salary of Insurance Sales Manager (in India):

Average Salary of Insurance Sales Manager in India starts from 2.5 Lacs Rupees to 8 Lakhs Rupees per annum. depending upon the Experience, Expertise, Industry, Business volume etc.

F.A.Q:

There are very low demands Insurance Sales Managers abroad.

Also Read:

Job Description of a Treasury Manager

Job Description of a Recovery Manager

Treasury Manager

Job Description of a Treasury Manager 2023| Responsibilities| Duties

Functional Role of a Treasury Manager is to manage the branch of a bank. Duties of Treasury Manager include Cash Flow Management, Investments, Loan Borrowings, Bank Guarantees and Audit, FOREX Management, Compliance etc.

Do you want to know in detail what a Treasury Manager does? What you should look for in a Treasury Manager Resume? What are the points you should include in your Treasury Manager CV? Please read below.

Responsibilities of Treasury Manager:

Monitoring Cash Flow and Investments:

  • Prepare cash flow projections on a monthly, quarterly, and annual basis for both domestic and overseas regions.
  • Review funding requirements, arrange funds for business needs, and report on the monthly fund position and all treasury activities to senior management.
  • Ensure the availability of funds to repay both principal and interest on loans, both domestically and overseas.
  • Follow up with finance managers in each business unit to obtain periodic collection forecasts.
  • Manage surplus funds by investing in mutual funds and fixed deposits.
  • Plan, analyze variances, and manage cash on a daily, monthly, and annual basis across the organization.
  • Evaluate the performance of portfolios and make decisions regarding investments and redemptions based on the recommendations of the Asset Management Companies (AMCs).
  • Manage investments effectively and in line with the prescribed treasury policy to achieve the targeted returns on investments.

Loans and Fund Raising:

  • Initiate communication with banks to secure new loans.
  • Verify and authenticate loan documents and approval letters issued by both domestic and overseas banks.
  • Renew approval limits for both Fund and Non-Fund Based lines of credit and utilize the parent company as well as its subsidiaries.
  • Scrutinize and confirm the accuracy of interest and other fees charged by the bank, and obtain reimbursement for any unwarranted debits.
  • Ensure that the security interest charged for securities provided to the bank is properly executed.
  • Negotiate and obtain the most favorable rates for a Working Capital Demand Loan (WCDL).
  • Monitor and manage borrowing costs as part of budget control.
  • Validate and confirm the interest and other fees levied by the banks.
Treasury Manager
Treasury Manager (dreamstime.com)

Fixed Deposits (FD) /Bank Guarantee (BG)

  • Secure the most favorable interest rates for fixed deposits and ensure that they are renewed in a timely manner.
  • Ensure that bank guarantees (BGs) are issued or renewed on schedule, and follow up on any necessary refunds or cancellations.
  • Possess comprehensive knowledge of various types of loans, such as working capital loans, PCFC loans, and term loans, both in India and abroad. Skilled in structuring loans, devising innovative solutions, handling loan documentation, negotiating with banks, and servicing debts on time.
  • Possess practical experience in managing the issuance of bank guarantees both domestically and internationally.
  • Conduct statutory audits and maintain compliance with treasury policies for financial activities.

FOREX Matters:

  • Keep track of foreign currency balances and monitor them regularly.
  • Ensure that all documentation related to forex payments is compliant with applicable regulations.
  • Negotiate and secure the most favorable forex rates for both inbound and outbound remittances.
  • Confirm that the mandatory monthly forex conversions in forex accounts are accurate.
  • Manage forex hedging coverage, and monitor and evaluate its profitability over time.

Compliance:

  • Submit all required documents to the Reserve Bank of India (RBI) through the Authorized Dealer (AD) Bank in a timely manner, including the Annual Performance Report (APR) and the Utilization and Holding of Foreign Exchange Reserve with RBI (UHFCE) report.
  • Obtain a certificate from a chartered accountant (CA) confirming the utilization of bank limits for the purpose of renewing sanction letters.
  • Furnish all necessary documents and information to ensure that facilities are renewed in a timely manner.
  • Coordinate with a rating agency to ensure that rating surveillance audits are completed on schedule.

Reports, MIS and Automation:

  • Prepare and maintain a Cash Flow Forecast Management Information System (MIS) to monitor collections and payments. Collaborate with Single Points of Contact (SPOCs) in different locations to ensure effective cash management.
  • Generate an Investment Committee/Summary Report and a geographical investment chart flow to improve understanding of investments across WNS globally.
  • Take charge of corporate treasury tasks related to various initiatives, including but not limited to treasury automation, financial risk management, and financial supply chain management improvements.
  • Create process flows and design documents and oversee the implementation of changes mandated by regulators and laws, as well as the implementation of relevant tools.

How to become a Treasury Manager:

Educational Qualification requirement for a Treasury Manager is Graduate or Bachelor degree from any of college/university Commerce or Science or engineering and must be a CA (Chartered Accountant) or MBA in Finance or CFA Certified.

Technical Skills Required for Treasury Manager:

  • Strategic Planning & Leadership
  • MIS Management
  • Analytical Forecasting acumen
  • Mathematical expertise
  • Handle large quantitative data

Software skills Required for Treasury Manager:

ERP/SAP

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Treasury Manager:

  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Treasury Manager in the industry?

Treasury Managers are required and hired in Banks, NBFC (Non-Banking Financial Company) Companies, Insurance companies, Venture Capital companies, Financial Services companies, Mutual fund Companies etc. So, there is always a huge demand of Treasury Managers.

Salary of Treasury Manager (in India):

Average Salary of Treasury Manager in India starts from 10 Lacs Rupees to 100 Lakhs Rupees per annum. depending upon the Experience, Expertise, Industry, Business volume etc.

F.A.Q:

There are very high demands Treasury Managers abroad.

Also Read:

Job Description of a Recovery Manager

Job Description of a Bank Manager

bank recovery manager

Job Description of a Recovery Manager 2022| Collection Manager| Responsibilities| Duties

Functional Role of a Recovery Manager is managing the recovery of the money, assets of a bank. Duties of Recovery Manager include account collection, formulating debt recovery strategies, mentor ship of the staff, fixing parameters for agencies collection executives etc. Recovery Managers are also called Collection Managers.

Do you want to know in detail what a Recovery Manager does? What you should look for in a Recovery Manager Resume? What are the points you should include in your Recovery Manager CV? Please read below.

Responsibilities of Recovery Manager| Collection Manager:

  • Managing Delinquent account collection and establishing terms of payment as well contacting people by phone & field visit to inform them of unpaid account
  • Monitoring accounts & developing reports to ensure compliance with legal statutes & initiating strong legal action in case of continuous payment default
  • Developing and implementing need-based plans / strategies for maximizing profitability & revenue generation for channel partner & realize organizational goals.
  • Implementing competent business strategies for widening market, conducting promotional activities and increasing organizational revenue and profitability.
  • Establishing new channel partners (franchisees and agencies), formulating debt recovery strategies & targets and conducting need-based training.
  • Monitoring subscriber’s accounts & developing reports to ensure compliance with legal statutes & initiating strong legal action in case of continuous payment default.
  • Conducting audits on acquisition documentation / account creation and address/credit verification analysis.
  • Generating various MIS report on Customer Retention and Collection performance for apprising the Top Management on the progress.
  • Leading, managing & monitoring the performance of team members and subscribers to ensure efficiency in operations and meeting of individual & group targets.
  • Determining training needs of field executives; developing strategies for improving collections to enhance their operational efficiency leading to increased productivity.
  • Ensure to achieve the assigned collection target by meeting each buckets efficiencies and effectiveness norms
  • Ensure to Manage and Deliver performance in terms of resolution, roll backs, recovery rates, values as per target set for the assigned portfolio
  • Ensuring Timely allocation of the Vendor and field follow-ups.
  • Design and review logics of field follow-up for the portfolio managed towards achievement of target set
  • Inventory control for reducing opening balance of portfolio using the roll back & normalization concepts.
Recovery Manager (dreamstime.com)
  • Ensure to Manage the productivity by fixing parameters for agencies collection executives and monitoring performance against set parameters and conducted daily review
  • Optimum utilization of field resources to increase the efficiencies for the assigned portfolio
  • Ensure that adequate feet on street availability area wise bucket wise.
  • Monitor and review the agency and field executive performance periodically
  • Ensure that the agency resources are optimally the number of visits, contacts, PTP conversion ratios
  • Ensure 100% usage of collection system and receipt mobility.
  • Ensure all vendor bills are processed within 30 days
  • Ensure to achieve the money collection under principal,fees & charges as per target
  • Ensure to Trace the customer and Repo the vehicle, Issue Repo kits to vendors, Sale of Vehicles RC Book Updation
  • Regular Visit to Yard and reporting the discrepancies and prepare the visit report
  • Ensure to Cash deposit within TAT and monitoring the agencies to deposited the money collected in bank.
  • Ensure to process the Correct Settlement Pre & Post validation from customers.
  • Manage Escalation and ensure the proper resolution of the assigned cases
  • Ensure to conduct the Training Program at agency/FOS level time to time
  • Relationship Management with Field and Vendors
  • Liaison with other function and other department viz Sales, Credit, Operations, RIC
  • Ensure to Adhere the bank process and RBI Guidelines

How to become a Recovery Manager| Collection Manager:

Educational Qualification requirement for a Recovery Manager is Graduate or Bachelor degree from any of college/university Commerce or Science or engineering. To be a Recovery manager you may clear the Bank exams like IBPS PO, IBPS Clerk, IBPS RRB, SBI PO, RBI Grade etc.

Technical Skills Required for Recovery Manager| Collection Manager:

  • Strategic Planning & Leadership
  • MIS and Data Analysis
  • Bad Debts Management
  • Data Analytical Skill
  • Handle large quantitative data

Software skills Required for Recovery Manager| Collection Manager:

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Recovery Manager| Collection Manager:

  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Recovery Manager or Collection Manager in the industry?

Collection Manager are required and hired in Banks, NBFC (Non-Banking Financial Company) Companies, Insurance companies, Venture Capital companies, Financial Services companies, Mutual fund Companies etc. So, there is always a huge demand of Collection Manager.

Salary of Fund Manager (in India):

Average Salary of Recovery Manager in India starts from 4 Lacs Rupees to 15 Lakhs Rupees per annum. depending upon the Experience, Expertise, Industry, Business volume etc.

FAQs:

There are very low demands Recovery Managers abroad

Also Read:

Job Description of a Bank Manager

Job Description of a Fund Manager

bank photo

Job Description of a Bank Manager 2022| Responsibilities| Duties

Functional Role of a Bank Manager is to manage the branch of a bank. Duties of Bank Manager include Branch Operation, Branch business development, mentor-ship of the staff, HNI customer relation etc.

Do you want to know in detail what a Bank Manager does? What you should look for in a Bank Manager Resume? What are the points you should include in your Bank Manager CV? Please read below.

Responsibilities of Bank Manager:

  • Direct all operational aspects including distribution operations, customer service, human resources, administration and sales
  • Assess local market conditions and identify current and prospective sales opportunities
  • Develop forecasts, financial objectives and business plans
  • Meet goals and metrics
  • Manage budget and allocate funds appropriately
  • Bring out the best of branch’s personnel by providing training, coaching, development and motivation
  • Locate areas of improvement and propose corrective actions that meet challenges and leverage growth opportunities
  • Share knowledge with other branches and headquarters on effective practices, competitive intelligence, business opportunities and needs
  • Address customer and employee satisfaction issues promptly
  • Adhere to high ethical standards, and comply with all regulations/applicable laws
bank manager
Bank Manager (.dreamstime.com)
  • Network to improve the presence and reputation of the branch and company
  • Stay abreast of competing markets and provide reports on market movement and penetration
  • Resolved staff member conflicts, actively listening to concerns and finding
  • appropriate middle ground.
  • Effectively supervise and manage staff of the branch.
  • Mentor and guide employees ensuring all have product knowledge and capable of performing assigned duties.
  • Accountable for day-to-day operations in Branch along with business development.
  • Delegating tasks to employees appropriately while encouraging growth and career developments.
  • Deliver an exceptional customer experience through strong communication and reliable follow through
  • Managing Credit and responsible for maintenance of Retail Credit files.

How to become a Bank Manager:

Educational Qualification requirement for a Bank Manager is Graduate or Bachelor degree from any of college/university Commerce or Science or engineering. To be a Bank manager you need to clear the Bank exams like IBPS PO, IBPS Clerk, IBPS RRB, SBI PO, RBI Grade etc.

Technical Skills Required for Bank Manager:

  • Strategic Planning & Leadership
  • MIS Management
  • Analytical Forecasting acumen
  • Mathematical expertise
  • Handle large quantitative data

Software skills Required for Bank Manager:

ERP/SAP

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Bank Manager:

  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Bank Manager in the industry?

Bank Managers are required and hired in Banks, NBFC (Non-Banking Financial Company) Companies, Insurance companies, Venture Capital companies, Financial Services companies, Mutual fund Companies etc. So, there is always a huge demand of Bank Managers.

Salary of Fund Manager (in India):

Average Salary of Bank Manager in India starts from 6 Lacs Rupees to 20 Lakhs Rupees per annum. depending upon the Experience, Expertise, Industry, Business volume etc.

FAQs:

There are very low demands Bank Managers abroad.

No Content

Also Read

Job Description of a Fund Manager

Job Description of a Financial Analyst

fund manager feature

Job Description of a Fund Manager 2022| Responsibilities| Duties

Functional Role of a Fund Manager is to analyze the financial data of a company. Duties of Fund Manager include Equity research, Portfolio analysis, Funds Flow analysis, Track progress against KPIs (key performance indicators) etc.

Do you want to know in detail what a Fund Manager does? What you should look for in a Fund Manager Resume? What are the points you should include in your Fund Manager CV? Please read below.

Responsibilities of Fund Manager:

Portfolio Management

  • Identifying investment ideas by understanding economic & business matrices, and valuation models
  • Portfolio construction through sector allocation and stock selection
  • Keeping track of financial & operational health of the portfolio companies, and interacting with company officials, distributors, suppliers, customers & competitors
  • Making presentations, and interacting with Mutual Fund channel partners
  • Ensuring adherence to regulatory and risk limits
Fund Manager
Fund Manager (dreamstime.com)

Equity Research

  • Comprehensive sector and stock research to identify investment opportunities
  • Continuous interaction with Portfolio Managers
  • Constantly tracking & understanding, industry & company updates
  • Understanding and building valuation models
  • Constant interaction with research analysts
  • Actively managing Analyst Model portfolio
  • Preparing and updating stock research summaries for regulatory & internal documentation
  • Preparing sector updates for sales & marketing support.
  • Conducting In-depth research based on understanding of business, detailed financial analysis, comparison with competition, management meetings, financial modeling and valuation Liaison with the sales team for the product placement of international funds in Indian markets

Funds Flow Analysis

  • Preparing Cash Flows Statement for all Equity Funds  
  • Preparing Transaction Flow Statements  
  • Negotiating, Placing, Executing, Confirming & Reporting Equity Deals
  • Helping Fund Managers generate Alfa to their respective benchmarks.  
  • Co-ordinating with Debt team & Fund managers for buying papers in the Hybri
  • Monitoring schemes wise Limits, Fund wise limits, Compliance Reporting & managing  
  • other audit requirements.  
  • Equity Trade uploads & Confirmation to the PCM & Ops teams.  
  • Monitoring Limits & margin placements for F&O deals  
  • Liquid Fund placement & redemption

How to become a Fund Manager:

Educational Qualification requirement for a Fund Manager is Graduate or Bachelor degree from any of college/university Commerce or Science or engineering. Chartered Accountant (CA) or MBA in Finance or Chartered Financial Analyst (CFA) is must for a Fund Manager.

Technical Skills Required for Fund Manager:

  • Strategic Planning & Leadership
  • MIS Management
  • Analytical Forecasting acumen
  • Mathematical expertise
  • Handle large quantitative data

Software skills Required for Fund Manager:

Equity Research Tools

ERP/SAP

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Fund Manager:

  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Fund Manager in the industry?

Fund Managers are required and hired in Banks, NBFC (Non-Banking Financial Company) Companies, Insurance companies, Venture Capital companies, Financial Services companies, Mutual fund Companies etc. So, there is always a huge demand of Fund Managers.

Salary of Fund Manager (in India):

Average Salary of Fund Manager in India starts from 6 Lacs Rupees per annum. It can go up to 1 Cr (10M) Rupees depending upon the Experience, Expertise, Industry, Business volume etc.

FAQs:

There are high demands Fund Managers abroad especially in Middle east countries (Gulf), Africa, Canada, USA, Europe, Canada etc.

Also Read:

Job Description of a Financial Analyst

Data analysis by financial analyst

Job Description of a Financial Analyst 2022| Responsibilities| Duties

Functional Role of a Financial Analyst is to analyze the financial data of a company. Duties of Financial Analyst include Balance sheets analysis, Income statements analysis, Cash Flow analysis, budget to actual value analysis, large data management, Track progress against KPIs (key performance indicators) etc.

Do you want to know in detail what a Financial Analyst does? What you should look for in a Financial Analyst Resume? What are the points you should include in your Financial Analyst CV? Please read below.

Responsibilities of Financial Analyst:

  • Preparation of financial accounts under the Indian Accounting Standards
  • Reconcile the Balance sheets, Income statements, Income receivables & payables, Investment and Transaction reports, future trade settlements report on a monthly basis.
  • Reconciliation of position and cash on monthly basis between Custody and Accounting and resolve the exceptions if any.
  • Working on funds which includes derivative products like future, options, swaps etc.
  • Calculations of Accrual and Deferral
  • Manage marketing expenses including PR/PO tracking, accruals, and budget to actual value analysis
  • Track progress against KPIs (key performance indicators) and clearly communicate actionable findings with the stakeholders
  • Casing payments to clients if any delay
  • Proven capability in analyzing information and generating reports, making clear recommendations from the available data or identifying areas of further review/investigations
  • Involvement in Group Finance budgets re-forecast operations / financials / cash flow reporting and management
  • Participation in financial projects and their successful role out and implementation
Financial Analyst
Financial Analyst (dreamstime.com)
  • Ability to work across operating functions assisting in research projects and activities
  • Strong capability in the presentation of information and assisting in preparing Board, financing and internal management reports and presentations.
  • Responsible for large data management; assemble, clean and analyze data from various sources, connecting data points and provide analysis to generate actionable insights
  • Recommend revisions to existing reports and assist in the development of new reporting tools as needed
  • Preparing MIS Reports
  • Supporting for Quarterly Financial pack’s reports
  • Complete / assist in miscellaneous reporting and reconciliations
  • Day to day interactions with other departments, counter parties (like Trade capture team, Cash & Income team, Settlements team, Futures & Options team) to prevent/resolve issues.
  • Make sure all the securities are valued for month ends and reconcile those market values with investment manager.
  • Presenting monthly financial statement to client on time as per client deadline.
  • Handling adhoc request from client and responsible to make the request on or before time.
  • Report to high level management, timely escalation and provide high quality report.
  • Analyze reports and provide accurate and reconciled final report to client within time.

How to become a Financial Analyst:

Educational Qualification requirement for a Financial Analyst is Graduate or Bachelor degree from any of college/university in Commerce, Economics, Science or engineering. Chartered Accountant (CA) or MBA in Finance or Chartered Financial Analyst (CFA) is must for a Finance Analyst.

Technical Skills Required for Financial Analyst:

  • Strategic Planning & Leadership
  • MIS Management
  • Data Focus
  • Analyzing & Forecasting acumen
  • Mathematical expertise
  • Handle large quantitative data

Software skills Required for Financial Analyst:

ERP/SAP (FICO module)

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Financial Analyst:

  • Strong negotiating skills essential for fixing correct price and other terms of contract.
  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Analytical mind set.

What is the Job Opportunity of Financial Analyst in the industry?

Financial Analysts are required and hired in Banks, NBFC (Non-Banking Financial Company) Companies, Insurance companies, Venture Capital companies, Financial Services companies, Mutual fund Companies etc. So, there is always a huge demand of Finance Analysts.

Salary of Financial Analyst (in India):

Salary of Finance Analyst in India ranges from 5 Lacs Rupees to 20 Lacs of Rupees per annum depending upon the Experience, Expertise, Industry, Business volume, procurement ticket size etc.

FAQs:

There are moderate demands Financial Analyst abroad especially in Middle east countries (Gulf), South Africa, Canada,USA, Europe etc.

Also Read:

Job Description of a Chartered Accountant (CA)

Job Description of an Accounting Manager

SCM manager abstruct

Job Description of a Supply Chain Manager 2022| SCM Manager| Responsibilities| Duties

Functional Role of a Supply Chain Manager (SCM) is to lead the smooth material supply management of a company. Duties of Supply Chain Manager include supply chain process, logistics operations, Vendor Development & Management, inventory control, material transportation, quality assurance of material etc.

Do you want to know in detail what a Supply Chain Manager does? What you should look for in a Supply Chain Manager Resume? What are the points you should include in your Supply Chain Manager CV? Please read below.

Responsibilities of Supply Chain Manager:

Procurement/ Vendor Development:

  • Source competent potential global vendors for a wide range of items including machinery, equipment, commodities and consumables.
  • Obtain detailed offers and discuss techno commercial terms and conditions with qualified engineering firms and award Civil, Electrical and Mechanical Contracts for various projects.
  • Negotiate terms & conditions with vendors and evaluate their offers based on reliability and the effective landed price of material after considering various tax liabilities, duties, rebates / incentives and credit terms.
  • Ensure adherence to international quality standards for all goods and services.
  • Evaluate the performance of vendors based on criteria such as quality improvement rate, timely delivery and credit terms.
  • Purchase capital goods, machinery, raw material, spares, general engineering items and consumables. 

Logistics Management:

  • Skilled in materials management and inventory reconciliation   
  • Developing route plans, vehicle selection, scheduling drivers & resources so as to ensure operational efficiencies through seamless movement of vehicles to various destinations.
  • Preparing weekly productivity reports thereby facilitating in decision-making.
  • Develop logistics process and implement supply chain strategy for entire business expansions.
  • Handle the tasks of managing a team of inbound and outbound logistic professionals.
  • Accurately calculating total supply chain costs in relation to proposed new projects.
  • Providing accurate routing the information to ensure that Inbound & outbound delivery times and locations are coordinated.
  • Supervise of all Regular work regarding dispatch.
  • Responsible for entire inventory with Physical stocks management. 
  • Conduct Internal Stock Audit.
  • Order processing and invoicing as per Indents/Allocations, to complete the paper work and follow-up with the transporter.
  • Recruit, lead and train all logistics staff in logistics and inventory management / processes.
Supply Chain Manager
Supply Chain Manager (dreamstime.com)

Inventory Control:

  • Manage central stores with inventory, implement ABC Analysis / lead time assessments to determine optimum inventory levels and implement inventory management systems for effective stores management to ensure the ready availability of materials to meet production targets.
  • Conduct reorder level review, inventory reduction initiatives and institute procedures for the proper and accurate receipt, storage and issue of items.
  • Monitor the cost of inventory; institute systems to identify non-moving items, reduce scrap generation, out of turn purchases and arrange for their disposal from time to time in consultation of vendors and user departments.

Warehouse / Stores Management:

  • Establish & monitor specific supply chain-based performance measurement systems.
  • Plan & implement material flow management systems to meet production requirements.
  • Create policies or procedures for logistics activities. Maintain metrics, reports, process documentation, customer service logs, or training or safety records.
  • Negotiate transportation rates or services. Negotiate with suppliers or customers to improve supply chain efficiency or sustainability.
  • Design models for use in evaluating logistics programs or services. Supervise the work of logistics specialists, planners, or schedulers.
  • Ensure carrier compliance with company policies or procedures for product transit or delivery.
  • Develop risk management programs to ensure continuity of supply in emergency scenarios. Plan or implement improvements to internal or external logistics systems or processes.
  • Recommend purchase of new or improved technology, such as automated systems.
  • Design models for use in evaluating logistics programs or services.
  •  Implement specific customer requirements, such as internal reporting or customized transportation metrics.
  • Plan and implement / streamline stores layouts to store material in the right place and in the most suitable / prescribed manner to accord easy identification, handling, periodical inspection, accounting, preservation, housekeeping of premises and safety of the material.

Fleet Operations:

  • Identifying & developing a base of reliable transporters, selecting best mode of transport.
  • Supervising the fleet of vehicles, ensuring on time delivery & monitoring transit norms.
  • Fixing the annual contract with transporters for outbound material.
  • Arrangement and check Road Permits for smooth goods movement. Responsible for answering customers queries and solving problems.

Client Servicing:

  • Relationship Management with key accounts for increasing the level of sales growth
  • Ensuring customer satisfaction & implementing quality service standards.
  • Act as a front line interface between the customers, distribution agents & service teams to troubleshoot on unresolved grievances & queries of individual and corporate clients.

How to become a Supply Chain Manager:

Educational Qualification requirement for a Supply Chain Manager is Graduate or Bachelor degree from any of college/university in any stream or discipline. Diploma or post graduate diploma or MBA in Supply Chain Management (SCM) is must for Supply Chain Manager. The person needs to work in supply chain or material management department for at least 5 to 10 years to become a Material Manager.

Technical Skills Required for Supply Chain Manager:

  • Strategic Planning & Leadership
  • MIS Management
  • Cost Focus
  • Budgeting & Forecasting acumen
  • Audit & Compliance expertise
  • Procurement Management
  • Logistics expertise
  • Good at Liaison and Relationship management

Software skills Required for Supply Chain Manager:

ERP/SAP (MM module)

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Supply Chain Manager:

  • Strong negotiating skills essential for fixing correct price and other terms of contract.
  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Supply Chain Manager in the industry?

Supply Chain Managers are required and hired in manufacturing companies, Logistics Companies, Warehousing companies, export import companies, online shopping companies like amazon, flipkart, Myntra etc. So, there is always a huge demand of Supply Chain Managers.

Salary of Supply Chain Manager (in India):

Salary of Supply Chain Manager in India ranges from 8 Lacs Rupees to 35 Lacs of Rupees per annum depending upon the Experience, Expertise, Industry, Business volume, procurement ticket size etc.

F.A.Q:

There are moderate demands of Logistics Manager abroad especially in Middle east countries (Gulf), South Africa, Canada etc.

Also Read:

Job Description of a Logistics Manager

Job Description of a Store Manager

logistics manager concept

Job Description of a Logistics Manager 2022| Responsibilities| Duties

Functional Role of a Logistics Manager is to lead the Logistics Management, Materials Management of a company. Duties of Logistics Manager include strategic logistics process, warehouse/store operations, Vendor Development & Management, inventory control, fleet control, cost optimization etc.

Do you want to know in detail what a Logistics Manager does? What you should look for in a Logistics Manager Resume? What are the points you should include in your Logistics Manager CV? Please read below.

Responsibilities of Logistics Manager:

Logistics Management

  • Astute in identifying operational requirements, creating action / implementation plans, and effectively coordinating with cross – functional teams to achieve objectives.
  • Skilled in materials management and inventory reconciliation   
  • Developing route plans, vehicle selection, scheduling drivers & resources so as to ensure operational efficiencies through seamless movement of vehicles to various destinations.
  • Preparing weekly productivity reports thereby facilitating in decision-making.
  • Develop logistics process and implement supply chain strategy for entire business expansions.
  • Handle the tasks of managing a team of inbound and outbound logistic professionals.
  • Accurately calculating total supply chain costs in relation to proposed new projects.
  • Providing accurate routing the information to ensure that Inbound & outbound delivery times and locations are coordinated.
  • Supervise of all Regular work regarding dispatch.
  • Responsible for entire inventory with Physical stocks management. 
  • Conduct Internal Stock Audit.
  • Order processing and invoicing as per Indents/Allocations, to complete the paper work and follow-up with the transporter.
  • Recruit, lead and train all logistics staff in logistics and inventory management / processes.
  • Analyze the logistical issues and provides solutions for the same.
  • Ensuring the personal safety and safe working environment of staff.
  • Cost Analysis and optimization of Logistics Operation, Route Planning and monitoring the Route Vehicles. Vendor Bill Processing and Payment Realization.
  • To identify key and critical items.
  • Maintain cost effective inventory with least leas time.
Logistics Manager
Logistics Manager (dreamstime.com)

Warehouse Management

  • Responsible for all Warehouse operations like materials receipts, storage, issues, dispatches and inventory control, etc.
  • Managing warehouse operations ensuring optimum inventory levels to achieve maximum cost savings without hampering the production process.
  • Responsible for allocation/ transfer of stocks, conducting routine inspection to ensure reconciliation of physical stock at the warehouse.
  • Analyzing the stock movement to stores and warehouse and preparing dispatch schedule.
  • Coordinating with internal departments for operational matters pertaining to Waybill, supplier payment, filling of report relates to stock etc.

Fleet Operations

  • Identifying & developing a base of reliable transporters, selecting best mode of transport.
  • Supervising the fleet of vehicles, ensuring on time delivery & monitoring transit norms.
  • Fixing the annual contract with transporters for outbound material.
  • Arrangement and check Road Permits for smooth goods movement. Responsible for answering customers queries and solving problems.

Client Servicing

  • Relationship Management with key accounts for increasing the level of sales growth
  • Ensuring customer satisfaction & implementing quality service standards.
  • Act as a front line interface between the customers, distribution agents & service teams to troubleshoot on unresolved grievances & queries of individual and corporate clients.

How to become a Logistics Manager:

Educational Qualification requirement for a Logistics Manager is Graduate or Bachelor degree from any of college/university in any stream or discipline. Diploma or post graduate diploma in Material Management (MM) or Supply Chain Management (SCM) is must for Logistics Manager. MBA in Supply Chain Management is an added advantage. The person needs to work in supply chain or material management department for at least 5 to 10 years to become a Logistics Manager.

Technical Skills Required for Logistics Manager:

  • Strategic Planning & Leadership
  • MIS Management
  • Cost Focus
  • Budgeting & Forecasting acumen
  • Audit & Compliance expertise
  • Procurement Management
  • Logistics expertise
  • Good at Liaison and Relationship management

Software skills Required for Logistics Manager:

ERP/SAP (MM module)

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Logistics Manager:

  • Strong negotiating skills essential for fixing correct price and other terms of contract.
  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Logistics Manage in the industry?

Logistics Managers are required and hired in manufacturing companies, Logistics Companies, Warehousing companies, export import companies, online shopping companies like amazon, flipkart, Myntra etc. So, there is always a huge demand of Logistics Managers.

Salary of Logistics Manage (in India):

Salary of Logistics Manager in India ranges from 6 Lacs Rupees to 30 Lacs of Rupees per annum depending upon the Experience, Expertise, Industry, Business volume, procurement ticket size etc.

F.A.Q:

There are moderate demands of Logistics Manager abroad especially in Middle east countries (Gulf), South Africa, Canada etc.

Also Read:

Job Description of a Store Manager

Job Description of a Commercial Manager

Export Import

Job Description of an Export Import Manager 2022| Responsibilities| Duties

Functional Role of an Export Import Manager is to lead the export and import activities of a company. Duties of Export Import Manager include strategic export-import process, port operations, Vendor/Agency Development & Management for export-import, freight control, liaison with government bodies like customs etc

Do you want to know in detail what an Export Import Manager does? What you should look for in an Export Import Manager Resume? What are the points you should include in your Export Import Manager CV? Please read below.

Responsibilities of Export Import Manager:

  • Shipment tracking, co-ordination with CHA and Customs for preparing Import documents for clearing goods.
  • Organize dispatch of cargo from Port to destination & planning shipment schedule.
  • Plans, controls, Coordinates, evaluate and integrate and organize Logistics and warehousing.
  • Import documents archiving.
  • Co-ordinate with Marine Insurance Companies for settlement of claims.
  • Relationship building with various reliable brokers/agents related to above products
  • Resolving Customer / client issues effectively.
  • Responsible for directing and developing logistics management operation.
  • Responsible for planning and scheduling appropriate models of transportation based of daily needs.
  • Responsible to coordinated with insurance surveyor for claim and settlement in the case of damage during transit.
  • Liaison with various surveyors adhering to strict quality control measures.
  • Co-ordination with transporter & Shipper for timely clearing & Distribution.
  • Air & sea importing all bills checking the pass out concern depts. Import documents checking then hand over to CHA.
  • Port visit, co-ordination with CHA for quickly clearance.
  • Return goods receipts, checking then receipts in journal.
  • Prepare purchase order, as per requirements basis.
  • Liaison with Govt. departments & overseas supplier for documentation, and smooth operation.
Export Import Manager
Export Import Manager (dreamstime.com)

How to become an Export Import Manager:

Educational Qualification requirement to become an Export Import Manager is Graduate or Bachelor degree from any of college/university in Commerce or Engineering. Diploma or post graduate diploma in Foreign Trade Management is there for Export Import Manager. There are some Certificate Courses on Export-Import, Freight Forwarding and Risk Management which an aspirant can do.

Software skills Required for Export Import Manager:

ERP/SAP (MM module)

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Export Import Manager:

  • Strong negotiating skills essential for fixing correct price and other terms of contract.
  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Export Import Manager in the industry?

Export Import Manager are required and hired in those manufacturing company who are export their products, import raw materials. There are lot of freight forwarding companies, export import agencies where Export Import Manager are hired. So, there is always a huge demand of Export Import Manager.

Salary of Export Import Manage (in India):

Salary of Material Manager in India ranges from 3 Lacs Rupees to 25 Lacs of Rupees per annum depending upon the Experience, Expertise, Industry, Business volume, procurement ticket size etc.

F.A.Q:

There are very low demands of Export Import Manager abroad especially in Middle east countries (Gulf), South Africa, Canada but the incumbent must know the respective company acts and rules of that country.

Also Read:

Job Description of a Store Manager

Job Description of a Material Manager

Job Description of a Commercial Manager

warehouse

Job Description of a Store Manager 2022| Responsibilities| Duties

Functional Role of a Store Manager is to lead the Store management, Warehouse Management of a company. Duties of Store Manager include material dispatch process, logistics operations, inventory control, quality assurance of material etc.

Do you want to know in detail what a Store Manager does? What you should look for in a Store Manager Resume? What are the points you should include in your Store Manager CV? Please read below.

Responsibilities of Store Manager:

Logistics / Warehouse / Stores Management

  • Recommend optimal transportation modes, routing, equipment, or frequency.
  • Establish & monitor specific supply chain-based performance measurement systems.
  • Plan & implement material flow management systems to meet production requirements.
  • Create policies or procedures for logistics activities. Maintain metrics, reports, process documentation, customer service logs, or training or safety records.
  • Negotiate transportation rates or services. Negotiate with suppliers or customers to improve supply chain efficiency or sustainability.
  • Design models for use in evaluating logistics programs or services. Supervise the work of logistics specialists, planners, or schedulers.
  • Ensure carrier compliance with company policies or procedures for product transit or delivery.
  • Develop risk management programs to ensure continuity of supply in emergency scenarios. Plan or implement improvements to internal or external logistics systems or processes.
  • Recommend purchase of new or improved technology, such as automated systems.
  • Design models for use in evaluating logistics programs or services.
  •  Implement specific customer requirements, such as internal reporting or customized transportation metrics.
  • Plan and implement / streamline stores layouts to store material in the right place and in the most suitable / prescribed manner to accord easy identification, handling, periodical inspection, accounting, preservation, housekeeping of premises and safety of the material.
  • Supervise Excise related activities (including coordination for export sealing / stuffing of containers), train staff / labors on material handling equipment and stores procedures for the timely execution of allotted work and maintain complete & up-to-date records both for physical storage and accounts.
  • Negotiate cost effective rates with logistic service providers, finalize annual transport contracts, and monitor loading and fumigation activity of export containers ensuring all due care and optimum stuffing.
  • Develop seaworthy packing for products for better preservation and ensure their availability in adequate quantities.
  • Reconcile third party accounts (job work); devise and execute material cost reduction mechanisms to curtail transportation / distribution and storage expenses.
store manager
Store Manager (dreamstime.com)

Inventory Control

  • Manage central stores with inventory, implement ABC Analysis / lead time assessments to determine optimum inventory levels and implement inventory management systems for effective stores management to ensure the ready availability of materials to meet production targets.
  • Conduct reorder level review, inventory reduction initiatives and institute procedures for the proper and accurate receipt, storage and issue of items.
  • Monitor the cost of inventory; institute systems to identify non-moving items, reduce scrap generation, out of turn purchases and arrange for their disposal from time to time in consultation of vendors and user departments.

How to become a Store Manager:

Educational Qualification requirement to become a Store Manager is Graduate or Bachelor degree from any of college/university in Commerce or Engineering. Diploma or post graduate diploma in Material Management (MM) is must for Material Manager. MBA in Supply Chain Management is an added advantage. The person needs to work in supply chain or material management department for at least 3 to 5 years to become a Store Manager.

Technical Skills Required for Store Manager:

  • Strategic Planning & Leadership
  • MIS Management
  • Cost Focus
  • Budgeting & Forecasting acumen
  • Audit & Compliance expertise
  • Procurement Management
  • Logistics expertise
  • Good at Liaison and Relationship management

Software skills Required for Store Manager:

ERP/SAP (MM module)

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Store Manager:

  • Strong negotiating skills essential for fixing correct price and other terms of contract.
  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Store Manager in the industry?

Store Managers are required and hired in manufacturing companies, Logistics Companies, Warehousing companies, export import companies, online shopping companies like amazon, flipkart, Myntra etc. So, there is always a huge demand of Store Managers.

Salary of Store Manage (in India):

Salary of Store Manager in India ranges from 6 Lacs Rupees to 40 Lacs of Rupees per annum depending upon the Experience, Expertise, Industry, Business volume, procurement ticket size etc.

F.A.Q:

There are moderate demands of Store Manager abroad especially in Middle east countries (Gulf), South Africa, Canada.

Also Read:

Job Description of a Material Manager

Job Description of a Commercial Manager

Warehouse

Job Description of a Material Manager 2022| Responsibilities| Duties

Functional Role of a Material Manager is to lead the supply chain management (SCM), Materials Management of the plant of a company. Duties of Material Manager include strategic procurement process, logistics operations, Vendor Development & Management, inventory control, quality assurance of material etc.

Do you want to know in detail what a Material Manager does? What you should look for in a Material Manager Resume? What are the points you should include in your Material Manager CV? Please read below.

Responsibilities of Material Manager:

Procurement/ Vendor Development

  • Source competent potential global vendors for a wide range of items including machinery, equipment, commodities and consumables.
  • Obtain detailed offers and discuss techno commercial terms and conditions with qualified engineering firms and award Civil, Electrical and Mechanical Contracts for various projects.
  • Negotiate terms & conditions with vendors and evaluate their offers based on reliability and the effective landed price of material after considering various tax liabilities, duties, rebates / incentives and credit terms.
  • Ensure adherence to international quality standards for all goods and services.
  • Evaluate the performance of vendors based on criteria such as quality improvement rate, timely delivery and credit terms.
  • Purchase capital goods, machinery, raw material, spares, general engineering items and consumables. 
  • Conduct periodic lead time assessments; enter into annual rate contract agreements for recurring items and plan purchases to reduce lead times and inventory levels through JIT procurement techniques.
  • Develop suitable local sources to substitute imported items and continuously work with vendors to improve their performance and quality.
  • Coordinate with stores, finance, production and maintenance departments to ensure smooth functioning and flow of materials.
  • Design and implement software packages for effective material procurement & planning.

Inventory Control

  • Manage central stores with inventory, implement ABC Analysis / lead time assessments to determine optimum inventory levels and implement inventory management systems for effective stores management to ensure the ready availability of materials to meet production targets.
  • Conduct reorder level review, inventory reduction initiatives and institute procedures for the proper and accurate receipt, storage and issue of items.
  • Monitor the cost of inventory; institute systems to identify non-moving items, reduce scrap generation, out of turn purchases and arrange for their disposal from time to time in consultation of vendors and user departments.
Material Manager
Material Manager (dreamstime.com)

Logistics / Stores Management

  • Recommend optimal transportation modes, routing, equipment, or frequency.
  • Establish & monitor specific supply chain-based performance measurement systems.
  • Plan & implement material flow management systems to meet production requirements.
  • Create policies or procedures for logistics activities. Maintain metrics, reports, process documentation, customer service logs, or training or safety records.
  • Negotiate transportation rates or services. Negotiate with suppliers or customers to improve supply chain efficiency or sustainability.
  • Design models for use in evaluating logistics programs or services. Supervise the work of logistics specialists, planners, or schedulers.
  • Ensure carrier compliance with company policies or procedures for product transit or delivery.
  • Develop risk management programs to ensure continuity of supply in emergency scenarios. Plan or implement improvements to internal or external logistics systems or processes.
  • Recommend purchase of new or improved technology, such as automated systems.
  • Design models for use in evaluating logistics programs or services.
  •  Implement specific customer requirements, such as internal reporting or customized transportation metrics.
  • Plan and implement / streamline stores layouts to store material in the right place and in the most suitable / prescribed manner to accord easy identification, handling, periodical inspection, accounting, preservation, housekeeping of premises and safety of the material.
  • Supervise Excise related activities (including coordination for export sealing / stuffing of containers), train staff / labors on material handling equipment and stores procedures for the timely execution of allotted work and maintain complete & up-to-date records both for physical storage and accounts.
  • Negotiate cost effective rates with logistic service providers, finalize annual transport contracts, and monitor loading and fumigation activity of export containers ensuring all due care and optimum stuffing.
  • Develop seaworthy packing for products for better preservation and ensure their availability in adequate quantities.
  • Reconcile third party accounts (job work); devise and execute material cost reduction mechanisms to curtail transportation / distribution and storage expenses.

Quality Assurance

  • Supervise production processes / systems at the vendors end and provide technical inputs and suggestions for improving process efficiency and final quality.
  • Formulate Pre-Delivery Inspection Reports after process audits at vendor’s site.
  • Participate in advanced quality production planning and production part approval to ensure the manufacture of quality products by suppliers.
  • Carry out training and system development at the supplier base on failure modes and effect analysis, measurement system analysis and statistical process control.

Value Engineering / Value Addition

  • Analyzing existing processes / procedures and conducting critical analysis for finding out shortcomings and suggesting improvements measures.
  • Effectuating cost saving initiatives by introducing advance product, process technology, and eliminate / substitute process use of alternate material for optimizing drawing specification.
  • Carrying out vendor localization/ indigenization for curtailing costs of materials and negotiating the terms of credit with vendors.

How to become a Material Manager:

Educational Qualification requirement to become a Material Manager is Graduate or Bachelor degree from any of college/university in Commerce or Engineering. Diploma or post graduate diploma in Material Management (MM) is must for Material Manager. MBA in Supply Chain Management is an added advantage. The person needs to work in supply chain or material management department for at least 5 to 10 years to become a Material Manager.

Technical Skills Required for Material Manager:

  • Strategic Planning & Leadership
  • MIS Management
  • Cost Focus
  • Budgeting & Forecasting acumen
  • Audit & Compliance expertise
  • Procurement Management
  • Logistics expertise
  • Good at Liaison and Relationship management

Software skills Required for Material Manager:

ERP/SAP (MM module)

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Material Manager:

  • Strong negotiating skills essential for fixing correct price and other terms of contract.
  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set.

What is the Job Opportunity of Material Manage in the industry?

Material Manager are required and hired in every manufacturing company in the industry. So, there is always a huge demand of Material Manager.

Salary of Material Manage (in India):

Salary of Material Manager in India ranges from 6 Lacs Rupees to 45 Lacs of Rupees per annum depending upon the Experience, Expertise, Industry, Business volume, procurement ticket size etc.

F.A.Q:

There are low/moderate demands of Material Manager abroad especially in Middle east countries (Gulf), South Africa, Canada but the incumbent must know the respective company acts and rules of that country.

Also Read:

Job Description of a Commercial Manager

Job Description of a Purchase Manager

sourcing process

Job Description of a Commercial Manager 2022| Responsibilities| Duties

Functional Role of a Commercial Manager is to lead the entire commercial functions of the plant of a company. Duties of Commercial Manager include strategic sourcing process, cost reduction metrics, logistics operations, Vendor Development & Management, Procurement planning, financial performance etc.

Do you want to know in detail what a Commercial Manager does? What you should look for in a Commercial Manager Resume? What are the points you should include in your Commercial Manager CV? Please read below.

Responsibilities of Commercial Manager:

  • Steering initiative in managing the entire commercial affairs of the company including planning, raw material purchase and accounts
  • Making effective use of cost analysis tools in support of strategic sourcing process, procurement costs, cost reduction metrics and bottom-line performance indicators.
  • Adhering to compliance with statutory provisions relating to GST, transportation, etc.
  • Identifying requirements of raw materials i.e sourcing, purchase, storing, feeding, monthly PV etc with other inputs in coordination with project/green field project sections and driving procurement initiatives to arrange materials, on time, to support projects
  • Handling price negotiation, technical discussions with vendors & release of purchase order.
  • Negotiating with Vendors & Transporters for procurement of material at best price
  • Spearheading the following functions Conducting detailed account analysis and corporate month-end processing and reporting
  • Heading the logistics operations while streamlining the system and procedures for effective inventory control and ensuring ready availability of materials to meet the requirement
  • Scrutinizing overall legal compliance and maintenance of all statutory records of Central Excise, Service Tax and submission of returns
  • Administering calculation of GST, VAT for bill of materials as well as followed up with customers for collection of Form C, TDS certificates and payments in line with Terms & Conditions of the Purchase Order.
  • Shouldering responsibility for Debtors, Ledgers & Creditors Reconciliation at every quarter end and receiving no due certificate from their end on yearly basis; planning for liquidation of Debtors, GST Registration, and VAT Registration.
  • Establishing healthy and cooperative working environment within organization
  • MIS presentation to the top management on financial performance, flux analysis, Cash flow, product yield/Recovery
Commercial Manager
Supply Chain Management (dreamstime.com)
  • Controlling and reviewing month-end closing, CAPEX & OPEX accounting, AR/AP management, ageing analysis & minimizing overdue. Inventory Controls, Addressing non-moving / slow-moving inventory
  • Participates in policy and procedure development (Like Development of Purchase Policies, Contract for Freight Forwarding, Inbound Logistics policies, Inventory Management policies and Lead time Policies etc) to help ensure accuracy, consistency and clarity.
  • Edit policies, procedures and other materials for manuals through extensive analysis Like Lead time analysis, Inventory Policies for Capital, Spares, Raw Materials etc, and Audit handling.
  • Assists department personnel in identifying conflicting policies and procedures to resolve conflicts and revise manuals accordingly for smooth flow of operation.
  • Reducing Cost and increasing standard of products/services by proper implementation of Methods and procedures through Standard Operational Procedures.

How to become a Commercial Manager:

Educational Qualification requirement to become a Commercial Manager is Graduate or Bachelor degree from any of college/university in Commerce. Depending the industry, the companies decide the required educational qualification like in engineering, cement, iron and steel, petroleum industry companies look for diploma/degree engineer in mechanical engineering; in chemical industry they look for diploma/degree engineer in chemical engineering etc. Diploma or post graduate diploma in Material Management (MM) provides an added advantage. The person needs to work in purchase department for at least 5 to 10 years to become a Commercial Manager.

Technical Skills Required for Commercial Manage:

  • Strategic Planning & Leadership
  • MIS Management
  • Cost Focus
  • Financial Statement
  • GST knowledge
  • Budgeting & Forecasting acumen
  • Audit & Compliance expertise
  • Procurement Management
  • Logistics knowhow
  • Good at Liaison and Relationship management

Software skills Required for Commercial Manage:

ERP/SAP (MM module)

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Commercial Manage:

  • Strong negotiating skills essential for fixing correct price and other terms of contract.
  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mind set up.

What is the Job Opportunity of Commercial Manage in the industry?

Commercial Manager are required and hired in every manufacturing company in the industry. So, there is always a huge demand of Commercial Manager.

Salary of Commercial Manage (in India):

Salary of Commercial Manager in India ranges from 10 Lacs Rupees to 50 Lacs of Rupees per annum depending upon the Experience, Expertise, Industry, Business volume, procurement ticket size etc.

F.A.Q:

There are low demands of Commercial Manager abroad especially in Middle east countries (Gulf), South Africa, Canada but the incumbent must know the respective company acts and rules of that country.

Also Read:

Job Description of a Purchase Manager

Job Description of a Chartered Accountant (CA)

purchase manager desk

Job Description of a Purchase Manager 2022| Responsibilities| Duties

Functional Role of a Purchase Manager is to take care of the purchase and procurement of raw material, consumables, capital equipment and spare parts etc. of a company. Duties of Purchase Manager include Sourcing of materials, consumables, capital equipment, Formulating strategies for purchase of materials, Vendor Development & Management, Procurement planning, cost reduction etc.

Do you want to know in detail what a Purchase Manager does? What you should look for in a Purchase Manager Resume? What are the points you should include in your Purchase Manager CV? Please read below.

Responsibilities of Purchase Manager:

Sourcing / Procurement

  • Formulating and implementing the annual strategies for purchase of materials as per orders and considering lead time requirements.
  • Managing the overall procurement of raw material, equipment & machinery and other project requirements including Receipt Accounting & maintaining minimum stock level.
  • Budgeting and planning the funds for procurement and sourcing of materials ensuring optimum utilization of materials, maximum cost savings & meeting anticipatory orders for monthly sales.
  • Setting up the weekly, monthly, quarterly procurement plan.
  • Development of alternative local sources for imported raw materials which helps in cost saving.
  • Purchasing machinery with improved technology to increase production.
  • Liaison with the production department to maintain optimum inventory.
  • Implementing systems to avoid situations like over-stocking or out-of-stock which cause production and financial losses.
  • Liaison with finance department for timely payment of bills.
  • Developing reports on procurement and usage of material for top management.
  • Managing logistics functions, negotiating with transporters & clearing agents for cost effective transport solutions & clearances. Liaison with local authorities & ensure preparation of all papers/documents. 
purchase manager
Sourcing Process (dreamstime.com)
  • Interaction with the factory stores in charge and collecting indent time to time as per requirement. (Packing Materials, Raw materials)
  • Interaction with our factory maintenance manager and collecting indent as per their requirement,
  • Interaction with our factory Quality control, R&D manager and collecting Indent for Lab Maintenance items.
  • Collecting quotations from various vendors and negotiating the prices and other terms & conditions
  • Preparing the comparative chart for each & every material.
  • Finalizing the rate and quantity with Higher Authority and getting approval time to time
  • Raising the purchase order (PO) and share to the vendor.
  • Follow up the material vigorously with the suppliers to ensure the dispatch on time for production.
  • Interaction with, Finance& Accounts Dept release the payment to the vendors as per supply terms.
  • In case if any rejection materials from stores interaction with quality control dept get the report and send back to the vendors.

Vendor Management

  • Identifying and developing potential vendors/ suppliers for achieving cost effective purchases of Raw Materials; achieving reduction in prices and timely delivery.
  • Assessing performance of the vendors based on various criterion such as percentage for rejections, quality improvement, timely delivery, credit terms etc.
  • Overseeing follow-up with vendors for timely deliveries, release schedules, quality checks & ensuring timely payments.
  • Developing a number of vendors for various critical items.
  • Negotiating with vendors and decreasing their rates without affecting the quality of materials.
  • Coordinating with the production planning department, foundry and commercial department for spares production.

How to become a Purchase Manager:

Educational Qualification requirement to become a Purchase Manager is Graduate or Bachelor degree from any of college/university in any subject. Depending the industry, the companies decide the required educational qualification like in engineering, cement, iron and steel, petroleum industry companies look for diploma/degree engineer in mechanical engineering; in chemical industry they look for diploma/degree engineer in chemical engineering etc.

Software skills Required for Purchase Manage:

ERP/SAP (MM module)

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Purchase Manage:

  • Strong negotiating skills essential for fixing correct price and other terms of contract.
  • Excellent Verbal communication skills, both written and oral.
  • Strong communicative and interpersonal skills essential for managing people.
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Goal Oriented mindset.

What is the Job Opportunity of Purchase Manage in the industry?

Purchase Manager are required and hired in every manufacturing company in the industry. So, there is always a huge demand of Purchase Manager.

Salary of Purchase Manage (in India):

Salary of Purchase Manager in India ranges from 5 Lacs Rupees to 50 Lacs of Rupees per annum depending upon the Experience, Expertise, Industry, Business volume, procurement ticket size etc.

F.A.Q:

Yes, he needs to work in purchase department of a manufacturing company.

There are low demands of Purchase Manager abroad especially in Middle east countries (Gulf), South Africa, Canada but the incumbent must know the respective company acts and rules of that country.

Also Read:

Job Description of a Chartered Accountant (CA)

Job Description of a Taxation Manager

Cmpany secretary in a meeting

Job Description of a Company Secretary (CS) 2022| Responsibilities| Duties

Functional Role of a Company Secretary (CS) is to take care of the company related legal and compliance matters of an organization under company’s act 1856. Duties of Company Secretary (CS) include Conducting Board Committee Meetings, Extra-ordinary General Meeting, Annual General Meetings, Liaison with the Registrar of Companies (ROC), Reserve Bank of India (RBI), Ministry of Corporate Affairs, SEBI, Stock Exchange and other Statutory Authorities, Handling FEMA related matters etc.

Do you want to know in detail what a Company Secretary does? What you should look for in a Company Secretary Resume? What are the points you should include in your Company Secretary CV? Please read below.

Responsibilities of Company Secretary (CS):

  • Conducting Board Committee Meetings, Extra-ordinary General Meeting Annual General Meetings as required under Companies Act involving issuance of notices, drafting agenda, recording minutes and preparing annual reports along with Report on Corporate Governance.
  • Preparing and filing necessary documents, registers, forms and returns as required under the Companies Act and other statutory acts including XBRL filing.
  • Ensuring all Statutory Compliances under Companies Act, NBFC Act, SEBI Rules and Regulations, FEMA and Listing Agreements.
  • Performing secretarial functions for the Audit Committee
  • Efficient in ROC, RBI, NBFC FEMA & Stock Exchange related matters
  • Compliance of Accounting Standard AS 18. (Related Party Disclosure)
  • To ensure proper and timely compliance of Memorandum of Understanding (MOU), Corporate Governance etc.
  • Managing stock exchange operations, complying with all listing agreement clauses and liaison with the Registrar of Companies, Reserve Bank of India, Ministry of Corporate Affairs, SEBI, Stock Exchange and other Statutory Authorities.
  • Providing corporate planning and secretarial services to the Board and Group Companies, Filing of documents with the Registrar of companies, Stock Exchanges, NSDL and CDSL
  • Incorporation of Companies, Change of Name, Striking off, Search of documents, Increase of authorized and paid up capital, Creation Modification and Satisfaction of charges
  • To ensure timely publication and submission of Quarterly Notices, Unaudited results, and other Stock Exchange compliances.
  • Liaison with consultants, advisors, lawyers, statutory and internal auditors etc.
Company Secretary
Company Secretary (dreamstime.com)
  • Monitoring changes in relevant legislation and the regulatory environment and take appropriate action to ensure proper compliance of the statutory regulations.
  • Developing and overseeing the systems that ensure the Company complies with all applicable legal and statutory requirements.
  • Drafting and vetting of Agreements, Memorandum (MoU) and Article of Associations etc.
  • Ensuring Compliances of RBI Act, 1934, NBFC Regulations, etc. in respect of Non-Banking Financial Companies (NBFC).
  • Handling FEMA related matters, Overseas Direct Investments, APR.
  • Ensuring submission of correct ROC returns and other relevant E-forms within statutory time limit.
  • Searching of Documents, Creation, Modification, Satisfaction of charges with ROC.
  • Maintenance of Statutory Records and Registers under the Companies Act and other Corporate Laws.
  • To ensure timely filing of Returns and statutory documents under Provident Fund Act, Shops & Establishment Act, Professional Tax Act, Trade License Act.

How to become a Company Secretary (CS):

Minimum Educational Qualification requirement to become a Company Secretary is Graduate or Bachelor of Commerce (B.Com) in Accountancy along with Company Secretary (CS) Intern or Qualified from Institute of Company Secretary of India – ICSI. For Company Secretary Bachelor of Law (LLB) is an added advantage.

Software skills Required for Company Secretary (CS):

ERP/SAP (FICO)

MS-Word, MS-Excel, MS-Power Point

Soft skills Required for Company Secretary (CS):

  • Proactive, Self-starter, Disciplined, systematic in approach.
  • Excellent Verbal communication skills, both written and oral.
  • Excellent Interpersonal relationship with people
  • Self-motivated, hardworking. Always keen on constant improvement.
  • Detail-oriented.
  • Goal Oriented.
  • Leadership and Managerial Skill
  • Comfortable working alone or as a part of a team.
  • Faith on my ability, and love to accept new and challenging professional responsibilities

What is the Job Opportunity of Company Secretary (CS) in the industry?

Company Secretary are required and hired in every company in every industry, be it a manufacturing or service industry etc. They are hired in Company Secretary consultancy firms also.

Salary of Company Secretary (CS) (in India)

Salary of Company Secretary in India ranges from 5 Lacs Rupees to 50 Lakh of Rupees per annum depending upon the Experience and Expertise. Generally Qualified Company Secretary (CS) from Institute of Company Secretary of India – ICSI gets higher salary than the CS – inter background accountant.

F.A.Q:

Yes, he needs to work in secretarial department in any organization or consultancy and be a Company Secretary (CS) Qualified or Intern.

There are moderate demands of Company Secretary abroad especially in Middle east countries (Gulf), South Africa, Canada but the incumbent must know the respective company acts and rules of that country.

No, a Company Secretary can never become an Accounting Head.

Yes, a Company Secretary can become a legal head.

Also Read:

Job Description of a Chartered Accountant (CA)

Job Description of a Taxation Manager

Job Description of a Chief Financial Officer (CFO)