Assistant Manager -credit
Mabani Steel LLC
Total years of experience :20 years, 10 Months
• Checking Export Documentary credit on daily basis.
• Drafting Import Documentary credit condition in favorable term discussing with Banks
• Scrutinizing the pros and Cons in the Letter of Credit established by the LC Issuing Bank.
• Handling all queries from the bank regarding letter of credit, guarantee, bonds, discounting.
• Vetting Guarantee and bonds, suggesting the apt clause as per the contractual terms.
• Communicating and Negotiating with Bank on Fx rates & other rates.
• Verifying all entries for documentary credit Discounting, PDC Discounting, Export Letter of Credit negotiations in the ERP system
• Monitoring the Cash Flow and submitting report to Finance Director.
• Implementation of credit control policy process and revising it from time to time.
• Negotiating and Finalizing Payment terms with Clients.
• Review of credit application and fixing the credit limit and credit days for the clients.
• Report to management meeting on outstanding issues and inform them early of potential debtor’s problems.
• Analyzing the corporate customers outstanding in weekly basis.
• Uphold Receivable report and following recovery of overdue receivables from the customers by using various strategies and customer balance confirmation - on regular interval basis preparing and analyzing bad debtor’s details and highlighting the management.
• Maintain and follow up the Systematic Quarterly Financial Receivable Report reporting to Finance Director.
• Collection problem and issues from customer taking them with Management and resolving.
• Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns. Work consultatively with the respective departments on cost reduction initiatives.
• Dishonor cheque follow up with customer and taking up with Legal Dept.
• Preparing ageing report of receivable every week and initiate actions on aged balance.
• Successful in maintaining a good relationship with the customers and bank.
• Timely submission of ageing report in receivable meeting.
• Proper scrutiny and reporting of the errors in the bank statement and taking appropriate action to correct them, by communicating with the bank.
• Investigating and resolving queries relating to nonpayment of invoices.
• Worked in United State of America Performing the duties of Account Manager and assisting the client regarding the Book Keeping and Taxes, main role in migrating financial project.
• Review and approve all bank reconciliations prepared by the Jr.Accountant and take corrective action as and when discrepancies are found.
• Cross check and verify all payments due to vendors with the relevant supporting documents and approve the same for payment, maintain all such records standards and as per standard accounting practices.
• Perform detailed analysis of specific projects, assist in the preparation of reports documenting trends and other analysis to Senior Management; develop and perform accounting control functions; reconcile automated controls against manually constructed control.
• Carry out any other activities as and when required by the supervisor.
• Responsible for monitoring cash, bank and journal vouchers, maintaining Accounts receivables their corresponding postings and providing the required data for preparing the financial statements.
• Assists with the preparation of the annual and mid-year budgets and with the fiscal year-end and fixed asset accounting.
• Proposes and implements improvements in accounting and reporting systems along with internal controls to facilitate accurate and timely reporting.
• Preparing various Accounting reports for the Manager working in US location.
• Collect all accounting information from various projects, review them for accuracy and verify journal entries and reconcile general ledger and subsidiary accounts, prepare monthly financial statements, including distributing monthly revenue and expenditure reports to various departments. Perform detailed analysis of specific projects, in the preparation of reports documenting trends and other analysis to Senior Management;
• Maintain financial overview of the subsidiary operations including future fund requirement and arranging for the funds transfer, verification of payments, verification of monthly payroll and transfer of salary to employee’s accounts, verification of sales invoices and assist in company’s audit
Eltech Industries one of the Manufacturing firms in India and worked as an Accountant directly reporting to Finance manager. The job responsibility includes
• Petty Cash Handling, Invoice Entry, Daily Bank transactions and reporting.
• Assisting accounting operations right up to the financial statements as per the accounting standards.
• Maintaining database for quick reporting purpose.
• Assisted in Stock counting as a monthly process.
Mcom
from sikkim manipal university
Good knowledge of accounting
courses: Certification •Certified Documentary credit specialist from London Institute of Banking & Finance