Manager - Finance & Accounts

Paras Defence & Space Technologies

Posted: 1 month ago
Openings: 10
Applicants: 0

Job Description

Candidate must be responsible for handling end-to-end processes related to Bank Guarantees (BGs), Export Sales, e-Way Bill generation, Foreign Bank Operations, and LC (Letter of Credit) related tasks. The role also includes maintaining accurate financial records and transactions in Tally ERP, ensuring compliance with banking regulations and efficient management of export documentation and international trade logistics.

data-responsibility

1. Bank Guarantee (BG) Management:

Preparation and Issuance of Bank Guarantees:
- Coordinate with the respective department to collect necessary details for issuing Bank Guarantees (BG).
- Liaise with banks to issue and amend BGs and record the guarantees in Tally ERP.
- Maintain an up-to-date log of all BGs issued and track their expiry dates in the system.
Monitoring and Renewal:
- Ensure timely renewal or closure of BGs before expiry, updating Tally ERP accordingly.
Claim Management:
- Handle the claims process in case of BG invocation, ensuring proper documentation and timely resolution.
- Record all claim settlements in Tally ERP for accurate financial reporting.

2. Export Sales Documentation and Processing:

Export Sales Documentation:
- Prepare and manage export-related documents, including commercial invoices, packing lists, and certificates of origin.
- Ensure compliance with international trade rules and regulations.
Booking Export Sales in Tally ERP:
- Accurately record export sales transactions in Tally ERP, ensuring timely and correct entries.
- Track the entire sales cycle in Tally ERP, from order confirmation to dispatch and receipt of payments.
Shipping Coordination:
- Coordinate with logistics providers and maintain shipment records in Tally for proper tracking of goods.

3. E-Way Bill Generation:

Preparation and Verification:
- Generate e-Way Bills for the movement of goods and update Tally ERP with all relevant details.
- Ensure all consignment details are accurately recorded, both in the e-Way Bill system and Tally.
Compliance:
- Comply with Goods and Services Tax (GST) and e-Way Bill regulations, and ensure these records are up-to-date in Tally ERP.

4. Foreign Bank Operations:

Handling International Transactions:
- Manage payments and collections from foreign clients, recording all foreign exchange transactions in Tally ERP.
- Reconcile foreign payments with the accounting system and update foreign currency accounts in Tally.
Foreign Currency Account Management:
- Accurately reflect foreign currency transactions in Tally ERP to ensure proper reporting of exchange gains or losses.
Communication with Overseas Clients and Banks:
- Resolve issues related to payments and foreign banking transactions while maintaining detailed records in Tally.

5. Letter of Credit (LC) Management:

LC Issuance and Documentation:
- Manage the entire LC process, from issuing to final settlement, ensuring all transactions are reflected in Tally ERP.
- Maintain LC-related documentation and reconcile payments in Tally for accurate financial tracking.
LC Amendments and Discrepancy Resolution:
- Handle amendments to LCs and resolve discrepancies, ensuring Tally ERP is updated with the latest information.
LC Payments and Closure:
- Track payments under LCs and ensure all terms and conditions are met before processing the release of funds, recording these in Tally.

Work Environment:

The role requires frequent interaction with cross-functional teams, including finance, logistics, and legal.
Regular communication with banks, clients, and overseas entities is essential to ensure seamless financial and export operations.
Proficiency in Tally ERP is critical for managing financial records and ensuring compliance with organizational policies.