Senior Manager- Treasury Operations Deepak Fertilisers and Petrochemicals (DFPCL)

4.0 - 8.0 years

8 - 10 Lacs

pune

Work from Office

Job Title: Senior Manager Treasury Job Purpose: Purpose: This role is handling LC/SBLC/BG/Trade Finance for group companies and ongoing CAPEX projects , in Addition to this this role also requires taking care of IDPMS related bank compliance Key Accountabilities for the position LC Management: Following all activities are involved in LC Management Receiving LC request and supporting documents from Commercial dept Checking of documents and communication to Commercial Team for any requirement Preparation of draft LC and getting it validated from supplier Obtaining Credit report of Suppliers from banks for all new suppliers and for existing suppliers it needs to be taken on half yearly basis without which banks do not open the LCs Sending emails to Trade Finance advisors for arranging quote for financing of LC, Quote Comparison and finalisation, taking Treasury Head approval for the same Preparation of LC application, getting it signed and its processing from bank, solution of bank's queries, getting LC issuance Updation of LC Register with all required details Processing LC amendments if any. Sometimes LC needs to be amended for 2 to 3 times for various reasons Co-ordination with Commercial Team for shipment under LC and getting the final shipping documents, updating of LC Register with actual shipment data. LC Acceptance: Bank intimates arrival of shipping documents by way of sending document arrival notice. After receipt of it signed copy of LC acceptance letter needs to be given to bank for release of original shipping documents. These documents need to be handed over to Commercial team for discharge of material. Trade Finance Arrangement - If LC is financed by way of Trade Finance i.e RA financing/UPAS (usance payable at sight) structure, we need to make follow up with banks for issuance of required swift messages in the form of MT 799, MT 740 etc to facilitate the smooth funding of LC Bill by a overseas financing bank. If LC is not financed under RA structure, buyers credit is arranged for payment of LC which includes additional documentation for buyers credit and its smooth drawdown before due date of LC. Accounting Related work: Checking of bank charges debited by bank for LC issuance/amendments and it's accounting Booking of LC payment entries and preparation of LC payment MIS Providing Bill of Entry at the time of LC payments and to ensure to knock off IDPMS open entry from bank BG/SBLC Management BGs/SBLCs are required to be issued for various reasons like, Procurement of Natural Gas, Security deposits, performance BGs. It includes following activities Getting Required documents from Commercial Team for issuance of BGs BG draft validation from Supplier, our internal Legal Team and bank Preparing of BG applications and it's processing from bank, Bank Queries solution if any Providing final BG copy to Commercial Team Updating BG Register and accounting of BG charges Processing BG Amendment if any Accounting of BG related charges in SAP Education Qualifications / Background MBA Finance, PGDBM Finance Relevant and Total Years of Experience 5+ Years Technical/Functional Expertise SAP- Treasury Module RBI Master Circulars and FEMA guidelines related to Imports/ Exports RBI Compliances related with BOE's Legal Documentations Customs Act Import & Exports Guidelines Trade Credit Guidelines ICC Rules, UCPDC, URC, etc SAP

Posted 1 week ago

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