Assistant Banking Manager

Requirement of Semi-Qualified or Qualified Chartered Accountants / MBAs / Commerce Graduates with 3-5 years experience of handling banking operations in industry

The Company

Jindal Drugs Private Limited, a leader in manufacturing Menthol and Menthol-based products, is keen to hire young and enthusiastic candidates to strengthen its banking operations and commercial departments.

The details are given below:

Designation Assistant Manager, Banking Finance

Location – Head Office at Nariman Point Mumbai

• Managing the inward remittances received in various banks daily.
• Managing Export bills submission, Foreign Inward Remittance Certificate, Bill of Entry submission and issuance of bank realisation certificates after the closure of the export bills
• Managing forward contracts, related documentation, co-ordination and compliances
• Updating daily forex fluctuations to management along with analysis
• Monitoring and arranging Export packing credit in foreign currency (PCFC) and Indian Rupees (PCRE) from various banks
• Managing working capital limits – availment, utilization, repayment and requisite compliances/documentation, including annual reassessment
• Import payment and payment other than import to foreign parties
• Arranging foreign currency & forex cards for travel
• Effecting the Foreign currency remittances as per prescribed FEMA/RBI guidelines
• Co-coordinating with banks to ensure timely document submission and compliance with FEMA laws, RBI Regulations, etc.
• Overall supervision of all treasury operations – managing documentation, co-ordination with banks and internal reporting
• Regular MIS reporting of all forex-related trades, balances and exposures – timely reporting for accurate management decision-making
• Maintaining KYC compliances with banks and financial institutions

Trade Finance

• Working knowledge of LC and BG and application as per business requirement
• Working knowledge of RBI guidelines and FEMA
• Sound knowledge of UCP 600 and ICC publications
• Export Documentation and other Details- Export Documentation, L/C scrutiny, write-off cases documentation, L/C advising and amendment, Merchant Trade etc., EDPMS.
• Import payments procedures - DA/DP/LC/ Advance, LC opening process (Import & Inland), IDPMS
• Foreign currency remittances – Outward remittance, i.e. Form A1, A2, 15CA, 15CB, etc, and Inward Remittance, i.e. Export Proceeds, Advance Export Receipt, other receipt, etc.
• Bank Guarantee: Processing of Bank Guarantees Performance and financial records of Outstanding Bank Guarantee

The eligibility criteria are as follows:-

• Good communication skills (Both written and oral), ability to work in a team.
• Proficiency in use of computers, internet, e-banking
• Proficiency in the use of MS Excel, preparing MIS
• Relevant experience in handling basic banking operations and trade finance-related procedures, operations and documentation.

Annual CTC Offered

Between 5.5L to 7.5L