The Finance Personnel is responsible for managing and securing working capital facilities from banks and financial institutions. The role includes preparing financial documents, coordinating with lenders, ensuring compliance, and optimizing fund utilization. This position requires deep knowledge of banking products, credit assessment processes, and working capital management.
Key Responsibilities
Working Capital Limit Management
Assess working capital requirements and prepare proposals for CC, OD, PC/PCFC, BG, LC, and other facilities.
Prepare CMA data, credit notes, projections, and financial statements for bank submissions.
Track usage of sanctioned limits and ensure optimal utilization
Banking Coordination
Facilitate documentation, mortgage creation, stock audits, and compliance submissions.
Negotiate interest rates, charges, and terms of sanction with banks.
Compliance & Reporting
Ensure timely submission of stock statements, insurance, and monthly/quarterly details as required by the bank.
Maintain compliance with RBI norms and bank guidelines.
. Documentation & Process Management
Manage loan documentation, security creation, and charge registration with ROC.
Maintain accurate records of facility agreements, drawings, repayments, and bank communications.
. Relationship Management
Act as a single point of contact for banks regarding working capital matters.
Support management during bank meetings, site visits, and financial discussions.
Required Qualification
Bachelor's degree in Finance, Commerce, Accounting, or related field (MBA Finance preferred).
Strong knowledge of banking products, working capital finance, and credit appraisal.
4-10+ years of experience in handling bank limits, CMA preparation, and fund management.
Key Skills
Expertise in working capital management and bank financing.
Strong financial analysis, ratio analysis, and projection skills.
Proficiency in CMA preparation, MS Excel, and financial modelling.
Excellent communication and negotiation abilities.
Thorough understanding of banking norms and credit policies.
Job Types: Full-time, Permanent
Pay: ?25,000.00 - ?55,000.00 per month
Benefits:
Provident Fund
Work Location: In person
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