Verified Job
Accounting - Finance
Head Of Department - Banking
Accounting - Finance
#29308
Remote / WFH
Manpower Resources
Job Description
Head Of Department - Banking
Place of Posting : Mumbai
Qualification : CA / MBA
Exp : 10+
Reporting to : CFO
Responsibilities :
- Planning for the 100% utilization of limits ;
- Regular update of Export Documents in hand report and close follow up with Shipping Department for receipt of BLs / extended ETDs / nominated shipments.
- After receipt of Copy B/L , make sure that Docs are ready and submission to bank after getting Original B/L , discounting /negotiation should preferably occur at the banks on same day if OBL received on or before 11 AM otherwise on next working day.
- Based on documents being sent for negotiation / discounting, identification of new export orders against which new Packing Credit is to be availed at those banks
In case of payment terms being LC :-
- Confirmation of the Sale Heads if the LC is expired
- Sight LC
- As per the LC terms, negotiating bank should lodge reimbursement claim on timely basis.
- If the payments are not received within 10 calendar days after the dispatch of original documents, reminder should be sent by the negotiating bank.
DA LC Bills:
- After negotiation, tracking of acceptance messages regarding due date payment confirmation.
- In cases where reimbursement is to be claimed on due date, it is to be ensured that our negotiating bank has claimed the reimbursement .
- Tracking / follow up to be done from the bank for receipt of discrepancy messages.
- Application to the bank for extension of due date before expiry of the due date where the Sale Head informs realization date after the original due date
- Packing credit should not be overdue
- Timely submission of all MIS as per sanction letters
- Control over Docs at Hand and At Bank- DIH and DAB should be within Norms
- DAILY REPORT TO BE CIRCULATED TO MANEGEMENT - DPR - Daily performance review report
- DAILY DIH- STATUS (Docs in Hand and Docs at bank)
- DAILY Realization vs PC availed
- DAILY STATUS OF FDR vs Actual Received
- Weekly- 'EBRC STATUS
- Weekly- 'EDPMS STATUS
- Weekly- Excess Interest & Bank Charges STATUS
- Daily- Crystallization with remarks
- Twice a week after end of the month - Interest Subvention STATUS
- Weekly- SAP/ IBS ENTRY STATUS
- Weekly- 'IDPMS STATUS
- Any other work assigned by CFO / Management
Place of Posting : Mumbai
Qualification : CA / MBA
Exp : 10+
Reporting to : CFO
Responsibilities :
- Planning for the 100% utilization of limits ;
- Regular update of Export Documents in hand report and close follow up with Shipping Department for receipt of BLs / extended ETDs / nominated shipments.
- After receipt of Copy B/L , make sure that Docs are ready and submission to bank after getting Original B/L , discounting /negotiation should preferably occur at the banks on same day if OBL received on or before 11 AM otherwise on next working day.
- Based on documents being sent for negotiation / discounting, identification of new export orders against which new Packing Credit is to be availed at those banks
In case of payment terms being LC :-
- Confirmation of the Sale Heads if the LC is expired
- Sight LC
- As per the LC terms, negotiating bank should lodge reimbursement claim on timely basis.
- If the payments are not received within 10 calendar days after the dispatch of original documents, reminder should be sent by the negotiating bank.
DA LC Bills:
- After negotiation, tracking of acceptance messages regarding due date payment confirmation.
- In cases where reimbursement is to be claimed on due date, it is to be ensured that our negotiating bank has claimed the reimbursement .
- Tracking / follow up to be done from the bank for receipt of discrepancy messages.
- Application to the bank for extension of due date before expiry of the due date where the Sale Head informs realization date after the original due date
- Packing credit should not be overdue
- Timely submission of all MIS as per sanction letters
- Control over Docs at Hand and At Bank- DIH and DAB should be within Norms
- DAILY REPORT TO BE CIRCULATED TO MANEGEMENT - DPR - Daily performance review report
- DAILY DIH- STATUS (Docs in Hand and Docs at bank)
- DAILY Realization vs PC availed
- DAILY STATUS OF FDR vs Actual Received
- Weekly- 'EBRC STATUS
- Weekly- 'EDPMS STATUS
- Weekly- Excess Interest & Bank Charges STATUS
- Daily- Crystallization with remarks
- Twice a week after end of the month - Interest Subvention STATUS
- Weekly- SAP/ IBS ENTRY STATUS
- Weekly- 'IDPMS STATUS
- Any other work assigned by CFO / Management
