Finance Specialist

I. Purpose of the Role

We are looking for a dynamic and detail-oriented finance professional with 3–5 years of experience in Treasury Operations. The candidate will be responsible for managing daily cash flow, banking operations, trade finance, foreign payments, statutory compliance, and treasury reporting. The role requires strong coordination with banks, internal stakeholders, auditors, and shared service teams.

II. Roles and Responsibilities

1. Treasury & Cash Management
• Monitor daily cash position and ensure optimum fund utilization across bank accounts.
• Manage FD and ensure borrowings at lowest applicable interest rates.
• Avail Short Term Loans (STL) and Trade Finance/ARP facilities as required.
• Prepare and manage monthly cash flow forecasts.
• Manage reverse factoring programs with banks.
• Handle foreign currency requirements for employees foreign travel
• Execute LC/BG transactions as per business requirements.
• Manage inward remittances and ensure correct exchange rate application.
• Issue intercompany debit/credit notes (salary, commission, etc.).
2. Trade Finance & FEMA Compliance
• Track and close IDPMS & EDPMS.
• Monthly ECB return filing with AD bank.
• Handle foreign LC (vendor & customer) coordination.
• Ensure compliance with FEMA and RBI regulations.

3. Accounts Payable – Domestic & Foreign Payments
• Ensure timely processing of domestic and foreign vendor payments.
• Process ECB principal & interest payments.
• Ensure payment cycles are maintained within defined timelines.
4. Employee Funds & Insurance
• Manage Superannuation & Gratuity contributions.
• Coordinate with LIC / HDFC Life for premium payments and fund transfers.
• Ensure timely settlement of employee claims and payments to ex-employees.
5. Insurance Management (Non-Employee & Corporate Policies)
• Liaise with group entities and insurance brokers for policy renewals, premium payments, and claims processing.
• Coordinate for corporate insurance policies including property, marine, liability, and other non-employee covers.
• Ensure timely premium payments and proper documentation of policies.
• Process and account insurance prepaid journal entries (JV) for non-employee insurance policies.
• Maintain insurance register and support during insurance audits and claim settlements.
6. Audit & Statutory Compliance
• Provide data and documentation required by internal and statutory auditors.
• Support preparation of audit schedules related to Insurance, Forex, Banking
• Ensure timely statutory payments (PF, PT, LWF, TDS/TCS, ESIC, etc.).
• Support vendor master data maintenance.
7. Stakeholder Management
• Act as SPOC for treasury and AP-related coordination with shared service teams.
• Liaise with banks, auditors, and internal teams.
• Ensure completion of mandatory compliance trainings.

III. Skills & Competencies

• Qualification: MBA (Finance) / M.Com.
• Experience: 3–5 years of hands-on experience in Treasury Operations.
• Experience in manufacturing or corporate treasury preferred.
• Strong understanding of cash flow forecasting, banking & fund management, trade finance (LC, BG, ECB), FEMA & foreign remittances.
• Strong Excel and ERP knowledge (SAP preferred)
• Analytical and detail-oriented
• Strong coordination and communication skills
• Proactive and solution-driven approach
• Strong follow-up and banking negotiation skills