Job Title: Assistant Finance mnager
Company: Ganges Internationale Pvt. Ltd.
Location: Chennai
Department: Finance
Reporting To: Finance Manager
Industry: Manufacturing or Steel Industry Background (mandatory)
CTC: Rs 20,000 to Rs 40,000 per month
Language: English, Tamil ( Hindi – Added Advantage )
Experience: 5+ years
Looking for Immediate Joiner
Job Summary:
We are seeking an experienced and detail-oriented Assistant Finance mnager to join our Finance Department in Chennai. The ideal candidate will bring strong financial acumen, hands-on experience in cash flow management, banking operations, and accounting, specifically within the manufacturing industry. The role requires close collaboration with internal teams and external stakeholders to ensure smooth financial operations.
Role Overview:
The Assistant Finance mnager will be a key player in the Finance department, primarily focused on core financial operations, bank relationship management, working capital optimization, and trade finance (Letters of Credit - LC). We require an individual with core finance and banking knowledge who has hands-on experience dealing with corporate banking functions and managing the daily liquidity needs of a large manufacturing operation.
Key Responsibilities and Deliverables
1. Treasury and Cash Flow Management
- Prepare and maintain daily, weekly, and monthly cash flow statements and forecasts (direct and indirect method) to ensure sufficient liquidity for all operations.
- Monitor bank balances, authorize daily payments, and manage fund allocation between various accounts and working capital facilities.
- Track and manage short-term temporary surpluses to optimize interest returns on bank deposits.
- Generate accurate and timely Management Information System (MIS) reports related to treasury activities, bank balances, and working capital utilization for senior management.
2. Bank and Relationship Management
- Serve as the primary point of contact and liaison for all scheduled banks, negotiating terms, resolving operational issues, and maintaining strong professional relationships.
- Handle all documentation related to the renewal, enhancement, or modification of working capital limits (Cash Credit, Term Loans, Bank Guarantees, etc.).
- Ensure strict compliance with all bank covenants, lending terms, and RBI regulations related to borrowings and foreign exchange.
3. Trade Finance and Letter of Credit (LC)
- LC Application & Management: Prepare, process, and track applications for Letters of Credit (LCs) for raw material procurement (both domestic and foreign).
- Scrutinize all incoming and outgoing LCs, ensuring terms align with commercial agreements and minimize bank discrepancies.
- Manage the processing and negotiation/discounting of bills under LC facilities to optimize payment cycles.
4. Core Accounting and Audit Support
- Support the monthly and annual closing process with accurate bank reconciliations and general ledger entries related to treasury and interest expenses.
- Assist in preparing schedules and providing necessary documentation for internal, statutory, and bank audits.
Required Qualifications and Skills
- Education: B.Com / M.Com / MBA (Finance). A CA/CMA Inter qualification is a strong advantage.
- Experience: Minimum 3-8 years of hands-on experience in Finance, specifically managing Treasury, Cash Flow, and Banking Operations within a manufacturing or large corporate environment.
- Core Expertise: Mandatory experience in preparing and managing Letter of Credit (LC) documentation (especially import/purchase LCs).
- System Proficiency: Strong command over ERP systems (e.g., SAP, Oracle, Tally) and advanced Excel skills for financial modeling and reporting.
- Language: Fluent in English, proficiency in Tamil is required, and knowledge of Hindi is desirable.
Key Competencies
- High level of accuracy, attention to detail, and integrity.
- Strong verbal and written communication skills for dealing with bank managers and internal stakeholders.
- Excellent analytical and problem-solving abilities in a time-sensitive environment.
Job Types: Full-time, Permanent
Benefits:
Work Location: In person
Please send your resume to apply.For further details, please contact:
Whatsapp 8760957624
Mail: [email protected]
Pay: ₹25,000.00 - ₹40,000.00 per month
Benefits:
- Paid sick time
- Paid time off
- Provident Fund
Work Location: In person
