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  • 10 - 15 Years
  • Posted : 29 days ago

Job Description:

a) Banking Operations
Experience in handling with different Bankers
Complete knowledge on Letters of credits / Bank Guarantee / Buyers Credit / Packing Credit / Cash Credit management
Basic experience in handling forex transactions like forward Contracts and meeting the obligations on due date
Stock statement and QIS to bankers on due dates
Preparation of CMA data for renewal of Working capital limits
Bills discounting ( customer bill supplier Bills)
Ensuring payment on due date to monthly loan instalments
Complete coordination with bankers with an ability to convince bankers for day to day transactions
Monitoring all Current Accounts across all regions and ensuring adequate funds available
Ensuring Bank Reconciliation is performed for all branches / banks and passing entries on due date
Ensuring proper maintenance of Petty Cash at HO/ Factory / regions
b) Working Capital management
(1) Receivable management
Management of receivables by analysing the reasons of outstanding and preparation of statements
Monitoring the credit policy of each business and ensuring adherence customer wise
Driving collections by talking to each branch / customer
Special Drive on Debtors over 180 days
Monitoring reconcilation of customer Ledger
Follow up of C Forms in co- ordination with Accounts
Accounting of customer receipts, issue of Credit and Debit Notes
(2) Inventory Control
Monitoring Inventory business wise by closely working with Business team
Ensuring stock levels before opening of LC and ensuring that the business commitments are met on material receipt
Analyzing old inventory and work with Business groups for early liquidation
Ensuring minimum stock levels and ensuring un- interrupted supply of material
Physical Stock verification at Branches and reconciling with GL
Driving ERP Vs Physical stock for each branch
(3) Budget
Work in close coordination with Business groups for drawing of yearly budget
Monitoring all components of budget with actual and analysing the causes of variances
Discussion with Business teams and taking corrective action plan
Capex monitoring and pay back monitoring
(C) Costing
Product costing / Marginal Costing for different business lines and comparing with actual at the end of the period
Ensuring budget contribution is achieved comparing with actuals
Monitoring Overhead levels and ensuring that Business always quotes updated cost in their tenders
Break even analysis for each business and working closely and driving Business teams to achieve the same by taking various steps/ actions
(D) Cash Flows
Planning of Cash flows both inflows and outflows with exact due date
Preparation and monitoring of Cash flows- Forecast and actual - business wise
Quarterly forecast of Cash flow statement
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Profile Summary:

Employment Type : Full Time
Industry : Aviation / Airline
Salary : Not Disclosed
Deadline : 20th Apr 2020

Key Skills:

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