Finance Co-ordinator

Job Description

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 9081819473. 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