Banking & Finance Executive

Position Overview

The Banking & Finance Executive is responsible for managing day-to-day banking operations, coordinating with financial institutions, supporting treasury functions, ensuring smooth fund flow for manufacturing operations, and assisting the Finance & Accounts team in accounting, reconciliation, and compliance activities.

Key Responsibilities

1. Banking Operations

• Handle daily banking transactions including NEFT/RTGS/IMPS payments, vendor payments, and employee reimbursements.
• Prepare and submit bank documentation such as BGs (Bank Guarantees), FDs, LC (Letter of Credit), and bill discounting.
• Maintain relationships with banks for operational requirements, loan processing, and rate negotiations.
• Manage cash flow and fund allocations across different bank accounts.
• Monitor bank balances daily and coordinate inter-bank transfers.

2. Treasury & Fund Management

• Assist in short-term and long-term fund planning based on production schedules and procurement requirements.
• Track utilization of working capital limits / cash credit (CC) / overdraft (OD).
• Support foreign remittances and import/export payment documentation (if applicable).
• Maintain records of loan interest, EMI schedules, and ensure timely payments.

3. Accounts & Reconciliation

• Ensure proper accounting of all bank transactions in SAP.
• Perform monthly bank reconciliations and resolve discrepancies.
• Assist in month-end closing activities related to banking & payments.
• Maintain vendor ledger reconciliation in coordination with purchase and stores departments.

4. Compliance & Documentation

• Prepare documentation required for banking audits, internal audits, and statutory audits.
• Ensure compliance with company policies, banking regulations, and financial controls.
• Maintain confidentiality and security of financial data and banking documents.

5. Coordination & Support

• Coordinate with procurement, production, and sales teams to meet payment and collection requirements.
• Follow up with customers for payment collections (if applicable).
• Assist management with MIS reports on fund flow, banking status, and debt position.

Key Skills & Competencies

• Strong knowledge of banking processes, LC/BG/OD/CC management.
• Good understanding of accounting principles (AP/AR/GL).
• Proficiency in ERP system - SAP
• Advanced MS Excel skills.
• Strong communication and negotiation skills with banks.
• Attention to detail and high level of accuracy.

Qualification & Experience

• Education:

  B.Com / M.Com / MBA (Finance) / CA Inter / CMA Inter

• Experience:

  2–6 years in banking & finance operations, preferably in a manufacturing company.

• Industry:

  Manufacturing / Engineering / Industrial / Automobile/ Avionics preferred.

Reporting To

Finance Controller