Executive / Sr. Executive - Subsidy

SHYAM METALICS AND ENERGY LIMITED · Kolkata, India

The Subsidy Executive acts as the central coordinator between internal execution teams (Projects, Procurement, Finance) and external government bodies. The position focuses on preparing airtight technical-commercial applications, navigating bureaucratic evaluation channels, and successfully tracking fund disbursements to optimize corporate working capital.

Key Responsibilities

Scheme Identification & Feasibility

• Track and analyze state and central policies related to industrial incentives, investment subsidies, export benefits, and sector-specific grants.
• Evaluate upcoming corporate capital expenditures (CAPEX) to identify eligible subsidy schemes (e.g., PLI, capital subsidies, interest subventions, or duty drawbacks).
• Conduct feasibility studies to determine the net financial benefits of schemes against their compliance costs.

Application & Documentation Management

• Compile complex technical and financial dossiers required for subsidy registration, pre-approvals, and final claims.
• Coordinate with engineering and procurement to gather equipment invoices, chartered engineer certificates, and land utilization papers.
• Draft project reports and business cases that align precisely with specific government checklist mandates.

Liaisoning & Government Relations

• Represent the organization at government directorates , industrial development corporations, and ministry offices.
• Follow up diligently on submitted files to resolve bureaucratic queries, clarify documentation, and expedite sanctions.
• Coordinate site inspections by government officials, ensuring all physical installations match submitted papers.

Accounting, Tracking & Audits

• Maintain a real-time tracking dashboard covering application statuses, approval dates, and expected disbursement timelines.
• Reconcile received subsidy funds with finance ledgers and ensure proper accounting treatment of capital vs. revenue grants.
• Provide evidence and documentation during internal, statutory, or government-led financial audits.

Required Skills and Qualifications

• Education : Bachelor’s or Master’s degree in Commerce, Finance, Economics, or Business Administration (B.Com / M.Com / MBA Finance).
• Experience : 2–5 years of dedicated experience in handling government subsidy applications, industrial incentives, or fiscal liaisoning.
• Technical Savvy : Advanced proficiency in MS Excel for financial modeling, alongside experience working with government portal frameworks.
• Domain Knowledge : Deep understanding of industrial promotional policies, fiscal incentives, manufacturing schemes, and basic taxation rules.
• Soft Skills : Exceptional patience, strong persuasive communication skills, and high political/bureaucratic acumen.