Bank and BAD Specialist

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Date: Sep 13, 2022

Location: Jiangyin, CN

Company: Bekaert NV

Bekaert (www.bekaert.com) is a world market and technology leader in steel wire transformation and coating technologies. We pursue to be the preferred supplier for our steel wire products and solutions by continuously delivering superior value to our customers worldwide. Bekaert (Euronext Brussels: BEKB) is a global company with more than 27 000 employees worldwide, headquarters in Belgium and € 4.4 billion in combined revenue in 2020.

 

 

Purpose of the Job

  • This position is responsible for all Bank Acceptance Draft in non-RR factories in China (RR = Rubber Reinforcement), ensuring that Bekaert's interests are maximized in the process of receiving, transferring and discounting. Coordinate the relationship between factories in China and the opening bank, optimize account settings, and ensure the smooth flow of Bekaert funds.
  • Participate in all new projects of the Payment team
  • This position is integrated in Bekaert China FINSSC team and has a direct reporting line to Payment Team Leader

 

Your Role

1. Bank Acceptance Draft Management

- Receive BAD strictly in accordance with COA for risks control
- Collect BAD timely with closely follow up the due date of BAD and ensure funds arrive on time
- Issue BAD according to payment plan and credit limit
- Allocate BAD of each entity, and transfer BAD to the suppliers to the maximum extent according to the contracted BAD ratio
- Discount BAD according to capital needs from treasure team

2. Bank Accounts Management

- Open/close bank accounts according to the treasure team indication with business needs.
- Be active in connecting with related financial institutions for capital information collection.
- Keep abreast of the new business forms of the bank, eg. online issuance guarantee, which can be combined with the actual application of the work and improve work efficiency
- Regular review of all Bekaert bank accounts, suggestions for optimizing account structure are given in combination with the actual situation
- Maintain various update of bank accounts to ensure the normal use of accounts
- Coordinate other matters related to the bank

3. Other related

- Financing documents preparation
- Support external and internal audit
- Issuing bank charge VAT invoices
- Others
 

Your Profile

1. Bachelor degree or above, majoring in accounting, finance or related field
2. Good business sense and problem-solving capability
3. Good communication skill in spoken & written Chinese and English
3. Be detail-oriented and self-motivated
4. Ability to work under pressure and meet deadline
5. Ability to work in a cross-functional team with good interpersonal skills

 

 

You grow, we grow... Better together. Bekaert offers continuous development opportunities.


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