Finance Co-ordinator

Position: Finance Accountant

Location: Shahibaug, Ahmedabad

Department: Finance and Accounting

Reports to: Director

Education: Bachelor’s degree in Accounting, Finance / MBA Finance

Salary: As Per Company

Key Responsibilities:

1. Bank Guarantee (BG) Management:

o Prepare and process applications for Bank Guarantees in line with company policies.

o Monitor BG validity, ensure timely renewals, and maintain accurate records.

o Reconcile BG transactions and ensure compliance with banking terms.

2. Letter of Credit (LC) Handling:

o Prepare and process Letters of Credit (LC) for international and domestic trade.

o Ensure documentation accuracy, including invoices, bills of lading, and other supporting documents.

o Monitor LC limits, amendments, and expiry to ensure compliance with financial agreements.

3. Coordination with Banks:

o Liaise with banks to handle BG and LC-related queries, approvals, and discrepancies.

o Negotiate terms and conditions with banks to optimize costs and minimize risks.

4. Compliance and Documentation:

o Ensure all BG and LC documentation adheres to regulatory and company standards.

o Maintain detailed records of all transactions, approvals, and supporting documents.

5. Financial Reconciliation and Reporting:

o Reconcile BG and LC transactions with company accounts.

o Prepare periodic reports on BG/LC utilization, outstanding obligations, and related costs.

6. Risk Management:

o Assess and mitigate risks associated with BG and LC operations.

o Ensure proper credit limits and exposure are maintained for financial stability.

7. Stakeholder Communication:

o Work closely with procurement, sales, and operations teams to ensure smooth execution of contracts involving BGs and LCs.

o Provide financial guidance on BG and LC requirements for new and ongoing projects.

8. Process Improvement:

o Suggest improvements in BG/LC processes to enhance efficiency and reduce costs.

o Stay updated with industry practices, trade finance regulations, and banking policies.

pls send your resume on hr@rrmgt.in or call me on +08181+473.

Job Type: Full-time

Pay: ₹25,000.00 - ₹30,000.00 per month

Benefits:
• Health insurance

Schedule:
• Weekend availability

Supplemental Pay:
• Performance bonus

Work Location: In person Read more