Banking Officer

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

We are an equal opportunities employer and do not engage in discrimination of any form or kind. Applicants shall be evaluated and selected purely on the basis of merit, and no kind of payment is expected or encouraged by the company from applicant candidates or any third party, related to any job postings.

The details are given below:

Designation Assistant Manager, Banking Finance

Location Head Office at Nariman Point Mumbai, India
• Managing the inward remittances received in various banks on a daily basis.
• Managing Export bills submission, Foreign Inward Remittance Certificate, Bill of Entry submission and issuance of bank realization 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 and Rupees 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 including preparation of Form A1, A2, 15CA, 15CB etc.
• Arranging foreign currency & and forex cards for travel
• Effecting the Foreign currency remittances as per prescribed FEMA/RBI guidelines
• Co-coordinating with banks to ensure timely document submission to ensure 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
• Export Documentation, Letter of Credit scrutiny, write-off cases documentation, Letter of Credit advising and amendment, Merchant Trade, managing EDPMS portal.
• Import payments procedures - DA/DP/Letter of Credit /Advance, managing IDPMS portal
• Bank Guarantee: Processing of Bank Guarantees Performance & 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 the use of MS Excel, banking software and bank trade portals, preparing MIS
• Relevant experience in handling basic banking operations and trade finance-related procedures, operations and documentation.

Industry
• Chemicals

Employment Type

Full-time