Head Of Department - Banking

Head Of Department - Banking

Place of Posting : Mumbai

Qualification : CA / MBA

Exp : 10+

Reporting to : CFO

Responsibilities :

- Planning for the 100% utilization of limits ;

- Regular update of Export Documents in hand report and close follow up with Shipping Department for receipt of BLs / extended ETDs / nominated shipments.

- After receipt of Copy B/L , make sure that Docs are ready and submission to bank after getting Original B/L , discounting /negotiation should preferably occur at the banks on same day if OBL received on or before 11 AM otherwise on next working day.

- Based on documents being sent for negotiation / discounting, identification of new export orders against which new Packing Credit is to be availed at those banks

In case of payment terms being LC :-

- Confirmation of the Sale Heads if the LC is expired

- Sight LC

- As per the LC terms, negotiating bank should lodge reimbursement claim on timely basis.

- If the payments are not received within 10 calendar days after the dispatch of original documents, reminder should be sent by the negotiating bank.

DA LC Bills:

- After negotiation, tracking of acceptance messages regarding due date payment confirmation.

- In cases where reimbursement is to be claimed on due date, it is to be ensured that our negotiating bank has claimed the reimbursement .

- Tracking / follow up to be done from the bank for receipt of discrepancy messages.

- Application to the bank for extension of due date before expiry of the due date where the Sale Head informs realization date after the original due date

- Packing credit should not be overdue

- Timely submission of all MIS as per sanction letters

- Control over Docs at Hand and At Bank- DIH and DAB should be within Norms

- DAILY REPORT TO BE CIRCULATED TO MANEGEMENT - DPR - Daily performance review report

- DAILY DIH- STATUS (Docs in Hand and Docs at bank)

- DAILY Realization vs PC availed

- DAILY STATUS OF FDR vs Actual Received

- Weekly- 'EBRC STATUS

- Weekly- 'EDPMS STATUS

- Weekly- Excess Interest & Bank Charges STATUS

- Daily- Crystallization with remarks

- Twice a week after end of the month - Interest Subvention STATUS

- Weekly- SAP/ IBS ENTRY STATUS

- Weekly- 'IDPMS STATUS

- Any other work assigned by CFO / Management