MBA/Mcom, with min 4 yrs exp, as an Asst. Manager - Treasury - Imports, at a Manufacturing Major, Mumbai
Experience : 3years - 6 years
Salary: 0.0 Lacs - 0.0 Lacs
Location: India, Mumbai,
Job Validity: 2021-03-01
Functional Skills: Banking & Treasury
Job Type : Permanent
Industry : Manufacturing
Qualification : MBA, Commerce Graduate,
Role : MBA/Mcom, with min 4 yrs exp, as an Asst. Manager - Treasury - Imports, at a Manufacturing Major, Mumbai

Job Description


TM–Treasury- Imports

Position Title:

Asst. Manager - Treasury - Imports


Corporate Finance & IT



Reporting To:

TL – Treasury Imports


Key Purpose of the Job (Position Summary)

This position is responsible for assistance in managing all the import related operational formalities and regular liaison with banks for the smooth flow of import processes and also executingtimely completion of import related documentation and procedures.



  • Adherence to timelines on Monthly Closures
  • Adherence to timelines on Import Management (LC’s and Bank Guarantees)
  • Adherence to compliance for closing of accounts and statutory compliances
  • Adherence to approved forex policy for hedging of import exposures
  • Adherence to Management of Bank Guarantee and Margin Deposits


Functions And Responsibilities

Import Operations

  • Engage in regular interactions with the Imports and Projects department to gain information on specifications and details on materials to be imported
  • Coordinate and interact with banks to ensure timely completion of documentation and procedures for imports
  • Seek information from the project teams to record and understand their requirements for materials to be imported
  • Prepare orderly and timely preparation and opening of Letter of Credit in due consultation with all key stake holders
  • Gain inputs from the materials team and accordingly decide upon bank based on best charges
  • Seek acquisition of bank guarantee in time and for relevant import transactions
  • Ensure that all payments with respect to bank charges are executed with accuracy and within agreed timelines without any penalties
  • Submit bill of entries to the concerned banks within the stipulated time
  • Conduct daily research and acquire updates from the market on all factors pertaining to the materials of concern and those imported globally
  • Execute appropriate claim of service tax credit in due time
  • Responsible for being compliant on all elements of service tax laws and thereafter submit the same to the Excise department in the company

Complianceand Documentation

  • Collect bills of exchange from the concerned Bank in an orderly and timely manner
  • Meticulous completion of all SAP notifications and entries from all locations in order to assist in accessibility for reference to the bank
  • Execute prompt cash banking payment solutions or Buyer’s Credit from Foreign Banks, in case of absence of credit arrangements from the bank
  • Execute thorough completion of all import related accounting entries and ensure the fulfilment of import related compliances
  • Prepare cash-flow accounting statements in relation to imports, in order to ensure assistance to the Accounts department


Imports MIS

  • Regularly and thoroughly update MIS on a monthly basis
  • Prepare complete and accurate recording and updation of documentation of Bank charges and other charges levied by the bank and other financial institutions
  • Ensuring cooperation and assistance to the Audit Department and providing necessary documents for the flawless completion of monthly / annual audits



About Company

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Posted on
10 Dec 2020