Designation - GM Finance
Location - MUMBAI
Exp - Minimum 8 Years
Qualification - CA or MBA Finance
CTC - Negotiable
Job Description -
Prepare, discuss and raise required finance from Banks. All compliance requirements with the banks need to be fulfilled. Maintain cordial relations with all the bankers.
Responsible for managing a team comprise of Manager - Finance with 4 Finance officers whose responsibility include:-
Estimate cash flow needs of Home Textiles Division on Monthly/Quarterly/Annual basis and coordinate with the Function Heads and their team. Ensure this is achieved in all respects. achieved.
Managing export documentations and negotiations with bankers under Letter of credit/ECGC covers/open terms. Manage FEMA regulations with all export activities.
Managing bank resources under Packing credit, bill discounting.
Managing foreign exchange transactions of the forward contracts booked from time to time and ensure minimal cancellations of the contract executed. options, derivatives, settlements and ensuring average realization in excess of the budget estimates.
Managing local supplier bill discounting and domestic LC and ensuring proper services to supplier.
Ensure that the exposure to NON LC suppliers is within the ECGC approved limits.
Ensure transactions are entered in SAP information system.
Create a proper MIS model to give a overall views of the finance activities. Ensure daily, weeks and month MIS are circulate to the required personnel in the operations.
Knowledge of SAP Required