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Job Responsibilities:
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- Coordinate with business teams, (purchasing, accounts payable, etc.) to ensure smooth execution of the group requirements.
- Ensure the efficient management of the company’s bank accounts.
- Check and verify cash transactions, and also investigate and propose a possible resolution for any discrepancies.
- Take care of the cash management system of the company and its payment mechanism.
- Responsible for following up on financial proceedings, and ensuring tasks are completed on schedule.
- Process transactions for issuing LCs, amendment, cancellation, lodgment of claims, and payments within the limit as per the credit policy.
- Follow-up with procurement & finance team to execute bank transfers to meet supplier’s payment in a timely manner as per our agreements.
- Maintain accounts records for suppliers.
- Process transactions relating to advising, amendment, and cancellation of import letters of credit in compliance with the bank’s policies and procedures.
- Input transactions for advising, confirmation, amendment, and cancellation of import letters of credit on a timely basis.
- Settle value of commercial invoices, and ensure full funding coverage with finance to meet supplier’s commitments.
- Maintain credit facility exposure reports
- Prepare cash flow forecast and update on a daily basis.
· Negotiate export L/C documents / Cash against documents with different banks, interact with confirming, discounting, and negotiating bank and follow up for collection as per L/C terms and conditions.
- Handle assignments of P.Os to banks
- Prepare and submit reports to monitor the workflow and payments condition
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Job Details
Posted Date: | 2024-05-27 |
Job Location: | Saudi Arabia – Riyadh |
Job Role: | Finance and Investment |
Company Industry: | Manufacturing |
Preferred Candidate
Career Level: | Mid Career |
Gender: | Male |
Nationality: | India; Pakistan |
Degree: | Bachelor’s degree |
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