Job Detail

MANAGER/ SENIOR MANAGER

We have Job opening in Banking field (Faridabad)

ERA JOBS India
Faridabad
Full Time
Category : Banking Salary : 1,500,000 Experience(s) : 10 Year

Overview

BANKING,Term Loans, Forex, Routine banking, Cash Flow Management, Letter of Credit (ILC & FLC), Coordination with bankers, Compliance of all Statutory requirements of Banks.

About ERA JOBS India

Company is a big group into auto parts

ROLE: MANAGER/ SENIOR MANAGR, 

FUNCTION/DEPT.  : BANKING / TREASURY, 

QUALIFICATION  : CA / ICWA / MBA-FINANCE, 

Exp – 10yrs

SALARY – 15LAC PA /NEGOTIABLE, 

LOCATION – FARIDABAD

 

JD : BANKING

Working capital management;

Receipt & payments

LC’s and Bank Guarantee

Bill discounting – Inland & Export bill discounting

Packing credit & packing credit in foreign currency

Arrangement of buyer’s credit and supplier’s credit

Finalisation of Bank Stock statement

Finalisation of QOS-I & QOS-II

Reduction in margin over interbank rate for Forex payment & rollover

100% verification of charge on various facilities and rate of interest

Utilisation of CC limit, WCDL & Buyer’s Credit

Sales Discounting and purchase discounting

Take action to raise the credit ratings with bank / FI so as to reduce interest costs

 

Term Loans

Estimation & repayments of Term Loan installment alongwith interest

ECB & ECA’s interest calculations

100% verification of Rate of Interest against sanctioned

Coordination for sanction of STL, TL & documentation

 

Forex

Rates for day to day transactions

Forward booking for confirmed payments

 

Routine banking

Release of payments (Daily, weekly & monthly)

 

Cash Flow Management

Weekly every Monday

Monthly on everty 25th for the following month

Quarterly and yearly

 

Letter of Credit (ILC & FLC)

Opening of ILC & FLC (both at sight and usance) (imports/export transactions)

Follow up with bankers and suppliers for arrangement of  funds and LC’s payments

Timely release of documents and consignments without any demurrage

 

Coordination with bankers

Issues related to renewal of Limits & Paripassu

Review of Pricing ( Buyer’s credit, WCDL, LC’s etc.)

Documentation related to ECBs

Reply to the queries raised by bankers

Handling of escalated matters

 

Compliance of all Statutory requirements of Banks

Monthly Stock Statement, ECBs Return & Insurance Return

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