Assistant Finance Manager

Job Title: Assistant Finance Manager

Company: Ganges Internationale Pvt. Ltd.

Location: chennai

Salary: Up to ₹45,000 CTC per month (Negotiable based on expertise and experience) Employment Type: Full-time

Reports To: Head of Finance / CFO

Role Overview

The Assistant Finance Manager will be a key player in the Finance department, primarily focused on core financial operations, bank relationship management, working capital optimization, and trade finance (Letters of Credit - LC). We require an individual with core finance and banking knowledge who has hands-on experience dealing with corporate banking functions and managing the daily liquidity needs of a large manufacturing operation.

Key Responsibilities and Deliverables

1. Treasury and Cash Flow Management

• Prepare and maintain daily, weekly, and monthly cash flow statements and forecasts (direct and indirect method) to ensure sufficient liquidity for all operations.
• Monitor bank balances, authorize daily payments, and manage fund allocation between various accounts and working capital facilities.
• Track and manage short-term temporary surpluses to optimize interest returns on bank deposits.
• Generate accurate and timely Management Information System (MIS) reports related to treasury activities, bank balances, and working capital utilization for senior management.

2. Bank and Relationship Management

• Serve as the primary point of contact and liaison for all scheduled banks, negotiating terms, resolving operational issues, and maintaining strong professional relationships.
• Handle all documentation related to the renewal, enhancement, or modification of working capital limits (Cash Credit, Term Loans, Bank Guarantees, etc.).
• Ensure strict compliance with all bank covenants, lending terms, and RBI regulations related to borrowings and foreign exchange.

3. Trade Finance and Letter of Credit (LC)

• LC Application & Management: Prepare, process, and track applications for Letters of Credit (LCs) for raw material procurement (both domestic and foreign).
• Scrutinize all incoming and outgoing LCs, ensuring terms align with commercial agreements and minimize bank discrepancies.
• Manage the processing and negotiation/discounting of bills under LC facilities to optimize payment cycles.

4. Core Accounting and Audit Support

• Support the monthly and annual closing process with accurate bank reconciliations and general ledger entries related to treasury and interest expenses.
• Assist in preparing schedules and providing necessary documentation for internal, statutory, and bank audits.

Required Qualifications and Skills

• Education: B.Com / M.Com / MBA (Finance). A CA/CMA Inter qualification is a strong advantage.
• Experience: Minimum 3-5 years of hands-on experience in Finance, specifically managing Treasury, Cash Flow, and Banking Operations within a manufacturing or large corporate environment.
• Core Expertise: Mandatory experience in preparing and managing Letter of Credit (LC) documentation (especially import/purchase LCs).
• System Proficiency: Strong command over ERP systems (e.g., SAP, Oracle, Tally) and advanced Excel skills for financial modeling and reporting.
• Language: Fluent in English, proficiency in Tamil is required, and knowledge of Hindi is desirable.

Key Competencies

• High level of accuracy, attention to detail, and integrity.
• Strong verbal and written communication skills for dealing with bank managers and internal stakeholders.
• Excellent analytical and problem-solving abilities in a time-sensitive environment.

Job Types: Full-time, Permanent

Pay: ₹30, ₹45,000.00 per month

Benefits:

• Provident Fund

Work Location: In person