Manager – Finance

5 - 10 Years
Mumbai, Navi Mumbai, Thane, Maharashtra Other

Job Description

Position: Manager - Finance

Reporting to: Head Accounts & Finance

Role and Responsibilities:
  • Preparation of Cash Flow Projections and monitoring as well as reporting actual cash flow against projection.
  • Opening of Letter of Credit through coordination with Banks and Suppliers.
  • Preparation of Bank Guarantees, etc.
  • Managing Pre and Post Shipment Finance (PCFC), WCDL.
  • Handling of Export Import Bills Lodgement, Shipping Bills & BRCs, Remittances.
  • Managing Banking Operations RTGS, NEFT, Fund Transfer.
  • Tracking of Export/Domestic inwards with concerned departments.
  • Daily MIS reporting (Inward Remittance Track, FIRC records).
  • Handling of Daily cash Book.
  • Follow up with the Bankers for issuing Letter of Authority as required by our company Lead Bank.
  • Monitoring of bank credit utilization, servicing of loans.
  • Optimizing cost of borrowed funds through appropriate funds management.
  • Timely identification and investment of surplusfunds.
  • Follow up with the Bankers for issuing NOC (Charge Satisfaction).
  • Prepare Renewal or Enhancement Proposal for various consortium member banks.
  • Look after various documentation and compliance for working capital and finance queries of other subsidiaries.
  • Complying the various queries as raised by banks.
  • Accounting, review and posting of all banking transactions on a day-to-day basis.
  • Review and completion of bank reconciliation on a day-to-day basis.
  • Review and validation of bank charges and its accounting.
  • Review of forex exposure and obtaining of appropriate hedging covers for it.
  • Avail quotes from bankers for deploying excess cash for Fixed deposit.
  • Suggest options for managing funds from other sources, if any.
  • Take necessary details from concerned people for projected inflows and outflows.
  • Ensure necessary accounting for funds arranged / managed.
  • Managing Daily Operational Payment according to lender approval as per lending agreement and handling all types of queries related to payments.
  • Responsible for trade finance and credit administration.
  • Liasioning with Bank, Opening / amendment of Foreign & Local Bank Guarantees, Letter of Credit Calculating and Deposit of Taxes.
  • Responsible for Managing vendor Payment on daily basis through RTGS/NEFT, Cheque.
  • Prepare annual budget for expenses and ensure that costs are well within the budgets.
  • Send monthly budget vis--vis actual reports on revenue and expenses along with reasons for deviations and corrective action.

Required Candidate profile

Required Skills:
  • Banking
  • Credit Management
  • Funds Management
  • Accounting
  • Liasoning
  • Negotiation
  • Dispute Resolution
Qualification: CA/CA Inter/MBA Finance/M Com

Experience: Minimum 5 Years of experience in funds management, banking and forex operations

Salary: Not Disclosed by Recruiter

Industry:Chemicals / PetroChemical / Plastic / Rubber

Functional Area:Accounts, Finance, Tax, Company Secretary, Audit

Role Category:Finance/Audit

Role:Credit/Control Manager

Keyskills

Desired Candidate Profile

Please refer to the Job description above

Education-

UG:B.Com - Commerce

PG:CA, Integrated PG - Any Specialization, M.Com - Commerce, MBA/PGDM - Finance

Company Profile

SuperCFO Services Pvt. Ltd.

SuperCFO specializes in providing CFO solutions - be it Virtual, Interim or Full Time. We assist companies right from their incubation days, until they become large public companies. Our clientele ranges from startups to mid-size companies to multinational corporations. SuperCFO was formed in 2008, starting the Virtual CFO solutions concept in India.
View Contact Details+

Contact Company:SuperCFO Services Pvt. Ltd.

Email :tms@supercfo.com