Job Description – Sr. Executive Finance & Accounts
Position: Sr. Executive – Finance & Accounts
Location: Bodakdev, Ahmedabad, Gujarat
Salary: ₹50,000 – ₹60,000 per month
Department: Finance & Accounts
Job Summary:
We are looking for an experienced and detail-oriented Sr. Executive – Finance & Accounts to manage Trade Finance, Banking Operations, Treasury Activities, Import-Export Documentation, Regulatory Compliance, and MIS Reporting. The candidate will be responsible for coordinating with banks, ensuring timely processing of financial transactions, maintaining regulatory compliance, and managing various banking facilities.
Key Responsibilities:
Trade Finance & Documentation:
- Prepare and submit Import documentation and resolve bank-related queries.
- Prepare Export documentation and coordinate with banks for discrepancy resolution.
- Verify customer draft LC copies and communicate discrepancies, bank charges, and amendment requirements with Sales and Logistics teams.
- Prepare and submit Local Sales LC documentation and resolve bank queries.
- Process payments under Export/Import LC collections and manage acceptance/deferred payments under Usance LCs.
- Prepare and submit Domestic LC and Bill Discounting documents within stipulated timelines.
Banking Operations & Treasury Management:
- Coordinate opening, amendment, renewal, and closure of:
- Letters of Credit (LC)
- Bank Guarantees (BG)
- Standby Letters of Credit (SBLC)
- Other banking facilities
- Manage SBLC issuance and renewal for overseas group entities.
- Process Import remittances and A2 payments within prescribed timelines.
- Resolve banking and payment-related queries on a regular basis.
- Maintain records of all foreign inward and outward remittances.
- Prepare monthly EEFC account inward/outward transaction reports and balance reconciliations.
RBI & Regulatory Compliance:
- Ensure timely closure of IDPMS and EDPMS entries through Bank and RBI portals.
- Reconcile Bills of Entry and Shipping Bills and ensure compliance with RBI regulations.
- Generate and maintain e-BRC records through the DGFT portal.
- Ensure compliance with FEMA, RBI, and Trade Finance regulations.
Banking Relationship Management:
- Manage opening and closure of company bank accounts.
- Handle annual KYC and Re-KYC requirements for all banking relationships.
- Prepare documentation for:
- New bank account openings
- E-Net banking facilities
- Banking limits and facility enhancements
- Other banking-related requirements
- Coordinate with banks for renewal of existing credit facilities and limits.
Reporting & MIS:
- Prepare Monthly Bank Limit Utilization Reports, including:
- Total sanctioned limits
- Utilized limits
- Available balance limits
- Prepare weekly reports covering:
- Local LC transactions
- Import LC transactions
- Document submission status
- Acceptance status
- Payment due dates and receivables tracking
- Prepare monthly reports on:
- Import payments (Purchases & Expenses)
- Export realization receipts
- Bank reference numbers for portal closure and reconciliation
- Prepare Monthly Stock Statements for bank submissions.
- Prepare Quarterly Foreign Currency Exposure Statements.
- Generate periodic MIS reports for management review.
Audit & Record Management:
- Maintain accurate banking records and documentation for statutory, internal, and bank audits.
- Ensure proper filing and maintenance of all trade finance and banking documents.
- Maintain complete records of all inward and outward remittances and banking transactions.
Qualification & ExperienceEducational Qualification:
- B.Com, M.Com, MBA (Finance), CA Inter, CMA Inter, or equivalent qualification.
Experience:
- 5 to 8 years of experience in Banking Operations, Trade Finance, Import-Export Documentation, Treasury Management, and Finance & Accounts.
Required Skills:
- Strong knowledge of:
- Import & Export Documentation
- Letter of Credit (LC)
- Bank Guarantees (BG)
- SBLC
- Bill Discounting
- Foreign Remittances
- IDPMS / EDPMS
- DGFT Portal & e-BRC
- FEMA & RBI Guidelines
- Banking Compliance & Documentation
- Excellent MS Excel and MIS reporting skills.
- Strong analytical and reconciliation abilities.
- Good communication and stakeholder management skills.
- Ability to coordinate effectively with banks, auditors, sales teams, and logistics teams.
Key Competencies:
- Attention to Detail
- Banking & Trade Finance Expertise
- Compliance Orientation
- Analytical Thinking
- Problem Solving
- Time Management
- Coordination & Communication Skills
Compensation & Benefits:
- Salary: ₹50,000 – ₹60,000 per month
- Career growth opportunities within the Finance & Treasury function.
- Exposure to Trade Finance, International Banking, and Treasury Operations.
Share your resumes on [email protected]
Pay: ₹50,000.00 - ₹60,000.00 per month
Benefits:
- Cell phone reimbursement
- Internet reimbursement
- Leave encashment
- Provident Fund
Ability to commute/relocate:
- Bodakdev, Ahmedabad, Gujarat: Reliably commute or planning to relocate before starting work (Required)
Experience:
- Finance and Accounts: 3 years (Preferred)
Work Location: In person
