Jera Meghnaghat Power Limited (the “Company”) is a 100% foreign-owned special purpose company incorporated in Bangladesh as per the Companies Act 1994, to Build Own and Operate 718 MW (net) gas fired combined cycle power plant at Meghnaghat, Narayanganj.
Department: SCM
Key Responsibilities:
As the Head of Commercial and Procurement, you will lead and oversee the Company`s commercial and procurement functions, including commercial management under major business agreements, international financing and lenders relationships, stakeholder coordination, and strategic procurement activities. You will ensure effective procurement of goods and services, and compliance with Company policies, financing agreements, and regulatory requirements, while safeguarding the Company`s commercial interests and supporting sustainable business operations.
- International Financing & Lender Relationship Management
- Serve as the primary commercial interface with lenders, sponsors, financial institutions, insurance advisers, and technical advisers, maintaining effective relationships and facilitating timely communication to support project financing.
- Coordinate and manage commercial deliverables required under financing agreements, ensuring the timely submission of reports, certifications, and other information requested by lenders.
- Support compliance with financing agreements by coordinating commercial requirements related to conditions precedent (CPs), conditions subsequent (CSs), waivers, consents, insurance obligations, financing documentation, and lender due diligence.
- Participate in financing negotiations and cross-functional discussions to ensure procurement, commercial, contractual, and operational activities remain aligned with financing requirements and lender expectations.
- Identify, coordinate, and resolve commercial issues impacting project financing, working closely with internal stakeholders and external financing parties to support successful project execution.
- Commercial Operations & Business Support
- Oversee commercial operations, including monthly billing under the Power Purchase Agreement (PPA), commercial reconciliations, and the certification, validation, and payment of supplier invoices.
- Monitor commercial performance under major operational and commercial agreements, and evaluate the commercial impact of operational decisions to ensure contractual compliance and business performance.
- Develop and implement commercial strategies to improve operational efficiency, optimize financial performance, and support the Company’s business objectives.
- Provide commercial advice and analysis to Management on business risks, opportunities, procurement planning, operational decision-making, and strategic business initiatives.
- Coordinate with Finance & Accounts on cash flow planning, payment priorities, commercial reporting, and other financial matters to support effective commercial and financial management.
- Procurement Leadership, Operations, & Strategy
- Develop and implement procurement strategies, sourcing plans, and value engineering initiatives aligned with the Company`s business objectives to optimize cost, quality, and supply continuity.
- Lead procurement planning with user departments and oversee the end-to-end procurement process, including supplier sourcing, competitive bidding (RFQs/RFPs), commercial negotiations, supplier evaluations, and contract award recommendations.
- Review and approve procurement recommendations, and oversee the timely issuance of Purchase Orders, Work Orders, and Engagement Letters to ensure the uninterrupted delivery of goods and services.
- Monitor procurement performance through key performance indicators (KPIs), resolve procurement bottlenecks, and drive continuous improvement initiatives to enhance procurement efficiency and operational effectiveness.
- Ensure all procurement activities comply with Company policies, procurement procedures, delegated authorities, approval matrices, contractual requirements, and approved budgets.
- Vendor and Supplier Management
- Develop and maintain a qualified supplier base and establish strategic relationships with key suppliers.
- Approve vendor registration and qualification processes.
- Evaluate supplier performance and implement vendor development initiatives to resolve supplier performance issues.
- Lead commercial negotiations for high-value procurements.
- Promote ethical procurement and supplier integrity.
Employment Status
Work Type
Office Time
Off DAY
Gender
Education
- Bachelor`s degree in Business Administration or a related discipline; a Master`s degree (MBA or equivalent) is preferred.
Experience
- At least 15 years in the in Power sector as commercial department
Additional Requirement Skills:
- Professional certifications such as CIPS, ISM, CSCP, CPSM, or equivalent procurement and supply chain qualifications will be preferred.
- 15+ years of relevant professional experience, including at least 5+ years in leadership role in a similar industry.
- Experience working in an ERP-based procurement environment.
- Proficient in handling negotiations, financing. and industry stakeholders across various levels.
- Ability to interact effectively with senior management, sponsors, lenders and consultants.
Skills:
- Commercial
- Procurement
- Supplier Management
Job Location
Salary
