Finance Executive - Trade Finance Specialist
Middle East Electric Meter Factory (MEMF)
Total years of experience :13 years, 9 Months
Preparation of import/export letters of credit, guidelines.
Preparation of Letter of Guarantees.
Letter of credit / Letter of Guarantee review.
Tracking of transport documents.
Documentary collections.
Document preparation required by the letter of credit.
Presentation of completed documents to the negotiating bank.
Processing collections & payments.
Preparation of LG Statements and follow up LG cancellations.
Processing all trade finance activities.
Planning and analyzing monthly payment projection for fund allocation.
Review and analyzing monthly order status projection.
Preparing spreadsheets, graphs, and charts to help illustrate financial trends.
Presenting financial information to managers.
Creating and reviewing financial records.
Preparing monthly product wise revenue budget.
Preparation of Projected cash flow statement.
Special assignments required by managers.
Work under the direction of the senior financial analyst to coordinate all corporate finance needs for that section head and manufacturing group.
Perform account reconciliations and profit & loss analysis.
Participate in the preparation of the annual operating budget.
Managing and coordinating all activities of the Accounts Receivable Collection departments.
Generate and send out invoices.
Follow up on, collect and allocate payments.
Carry out billing, collection and reporting activities according to specific deadlines.
Perform account reconciliations.
Monitor customer account details for non-payments, delayed payments and other irregularities.
Research and resolve payment discrepancies.
Generate age analysis.
Review AR aging to ensure compliance.
Maintain accounts receivable customer files and records.
Follow established procedures for processing receipts, cash etc.
Prepare bank deposits.
Preparing Bank Reconciliation Statement.
Investigate and resolve customer queries
Process adjustments
Organizing a recovery system and initiate collection efforts
Communicate with customers via phone, email, mail or personally
Assist with month-end closing
Print and distribute weekly financial reports.
Entering the Sales Orders and generating the cash and credit Purchase and sales invoices.
Day to day accounting work includes entries of Purchase, Sales, and daily expense and adjustment entries.
Preparing journal entries, Cash payment/Receipt vouchers, cheque payment
Maintaining inflow & outflow of stock
Preparing daily, weekly, & monthly stock movement reports and reporting to Inventory manager.
Preparing the petty cash book.
Maintain all employees’ payrolls and records.
Maintaining Trading, profit & loss account and Balance sheet with required
Schedules for finalization of Accounts.
Preparing other schedule as required by senior accountant such as expense summary monthly, weekly, shop wise item wise etc.
A comprehensive project work carried out during MBA for partial fulfillment of Finance Specialization, Successfully completed project on “Cash Management Services” from HDFC BANK.