JSW Steel - Manager - Analyst & Market Intelligence

Job description:

Position Name - Manager: Analyst & Market Intelligence

Purpose :

- Provide analytical outcomes and insights derived from internal/external market data

- Enabling the procurement team at JSW Steel to make fact based decisions

- Design and develop market intelligence Template/conduct research and analysis to evaluate ongoing market price for commodities being procured by the organisation.

- Understand the existing procurement practises for various commodities within the organisation and evaluate these with best practices in the industry.

Key Result Areas (Key Performance Indicators):

- Tracking Competition and benchmarking performance, Identify and implement best practices across industries

- Business Modelling (Financial & Econometric)-Future Projections, market demand & Supply mapping etc.

- Design and develop market intelligence strategies and/or conduct research and analysis to evaluate ongoing market price for commodities being procured by the organisation

- Be proactive in gaining knowledge of and utilise the existing data/information to understand the existing procurement practises for various commodities within the organisation and evaluate these with best practices in the industry.

- Be prompt in your interactions with internal stakeholders, not only to learn from their vast industry experience, but also to constantly seek and provide meaningful and actionable feedback in all such interactions.

- Be a self-starter as this would be more of an individual contributor role, although with ample knowledge support from the frontline procurement team.

- Have a decent grasp of emerging procurement practices, especially around commodity risk and hedge modelling.

- Be adept at preparing forecasts and scenarios around these forecasts, carefully and adequately incorporating commodity price/market/socio-political risks across the supply chain.

- Evaluate vendors and suppliers based on quality, price and speed of delivery.

- Develop frameworks to speed up negotiations, either by adopting a suitable benchmark indices or by adopting industry best practices.

Critical Tasks :

- Preparation & necessary updates for each of commodities regularly

- Work on a series of strategic projects, which will focus on formulating and implementing strategies to create potential cost optimisation.

- World & India Demand and supply analysis

- World Sea Born trade data analysis based guidance

- Producers Cost curve analysis based views

- Future market / respective exchange market tracking / hedging related suggestions

- Freight & Price arbitrage analysis

- Ware House data and Chinese port data analysis

- India Import & Export data quantity and price analysis

- Provides smooth communication to internal and external stake holders.

Financial Analysis :

- Reviewing and analyzing the company's financial reports

- Basic modeling of companies in competitive industry

- Research and Analysis: Being able to provide an opinion and insight based on research on each of commodities

Educational Background and Work Experience :

- Educational Background: Graduate/ Post Graduate/ MBA/ other Professionals.

- Work Experience: Minimum 7 years specialization in handling analytics & Cost model.

Competencies :

- Business perspective / acumen - Demonstrates awareness of changing industry, business trends, market & competitive conditions. Have an understanding of cost & financial awareness Should be flexible and quickly amends course of action to adapt to changing business scenarios. Should be able to analyse / process data and information to gain insights/trends, etc. to enable business acceleration.

- Problem solving - Generates alternatives for problems / issues. Involves concerned people in the decision making process when required while anticipates implications of the decisions made. Should be able to work independently and deliver high quality results with minimal guidance and direction; display high urgency for action and strong commitment towards achieving results.

- Customer focus- Understands and anticipates internal / external customer needs. Builds and maintains long term relationships with customers and communicates their needs upwards & downwards within the organization.

- Team work and team building Collaborates across levels, functions and businesses in JSW. Encourages teamwork at all levels

- Effective & open communication Should be able to articulate his / her thoughts confidently and assertively in large meeting settings especially with senior team leadership in the room.

- People leadership - Provides clear roles and challenging goals for people aligned with organizational goals

- Relationship building / Interpersonal skill - Should be able to work constructively with multiple internal and external stakeholders; foster and maintain a network of work relationships at senior levels in the organization

- Ownership & drive for results- Takes ownership of the team commitment to the organizational goals and displays sense of urgency & acts with speed

- Openness to learning - Learns quickly from his / her and others experience both from success and failures. Welcomes critique and treats criticism as an opportunity for gaining insights and improvements

- Functional expertise - Should be able to understand the overall strategy of a company and ensure that all strategies and programs are aligned to business strategies and objectives. Displays knowledge of related functional / technical / cross functional areas. Keeps himself / herself abreast of development in his / her functional area

- Execution excellence: Should be systematic and organized; should follow up rigorously, report and escalate issues (if required) and problem solve to increase speed of execution.

Working Relationship - Stakeholders

Internal: Commodities lead buyers