CEAT, the flagship company of RPG Enterprises, was established in 1958. Today, CEAT is one of India’s leading tyre manufacturer with a capacity of over 800 tonnes per day and has strong presence in global markets. CEAT offers the widest range of tyres to all segments and manufactures world-class tyres for: Heavy-duty Trucks and Buses, Light Commercial Vehicles, Earthmovers, Forklifts, Tractors, Trailers, Cars, Utility Vehicles, Motorcycles, Scooters as well as Auto-rickshaws. CEAT enjoys a major market share in the Truck, Light Truck and 2-wheeler segment and its tubes and flaps are renowned for their superior quality and durability.
VACANCY DETAILS :-
POST NAME - Assistant Manager Treasury
QUALIFICATION - CA/CMA/MBA
EXPERIENCE - 2 To 4 Years
LOCATION - Mumbai
JOB DESCRIPTION :-
This position is responsible for assistance in managing all the import related operational formalities and regular liaison with banks for the smooth flow of import processes and also executing timely completion of import related documentation and procedures.
KEYPERFORMANCE AREAS
- Adherence to timelines on Monthly Closures
- Adherence to timelines on Import Management (LC’s and Bank Guarantees)
- Adherence to compliance for closing of accounts and statutory compliances.
- Adherence to approved forex policy for hedging of import exposures.
- Adherence to Management of Bank Guarantee and Margin Deposits
- Undertaking the automation projects (such as Robotic Process, Blockchain, API linkages)
FUNCTIONS AND RESPONSIBILITIES :-
1. Import Operations
- Engage in regular interactions with the Imports and Projects department to gain information on specifications and details on materials to be imported.
- Coordinate and interact with banks to ensure timely completion of documentation and procedures for imports.
- Seek information from the project teams to record and understand their requirements for materials to be imported.
- Timely Hedging the import exposure and ensuring that underlying for the hedge undertaken are submitted with the bank within the statutory timelines.
- Prepare orderly and timely preparation and opening of Letter of Credit in due consultation with all key stake holders.
- Seek acquisition of bank guarantee in time and for relevant import transactions.
- Ensure that all payments with respect to bank charges are executed with accuracy and within agreed timelines without any penalties.
- Submit bill of entries to the concerned banks within the stipulated time.
- To undertake automation projects including adoption of new technologies which help in reducing the manual operations and help to produce correct output for decision making.
2. Compliance and Documentation
- Collect bills of exchange from the concerned Bank in an orderly and timely manner
- Execute prompt cash banking payment solutions or Buyer’s Credit from Foreign Banks, in case of absence of credit arrangements from the bank
- Execute thorough completion of all import related accounting entries including the FX Gain Loss and ensure the fulfilment of import related compliances
- To resolve Open items in Bank reconciliation alongwith Accounts department
3. Imports MIS
- Regularly and thoroughly update MIS on a timely basis
- Prepare complete and accurate recording and updating of documentation of Bank charges and other charges levied by the bank and other financial institutions
- Ensuring cooperation and assistance to the Audit Department and providing necessary documents for the flawless completion of monthly / annual audits
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