•  Location:

    Mumbai / Navi Mumbai / Thane, India

  •  Salary:

    3.00 - 4.00 Lakh / Year

  •  Experience:

    2 - 3 Year

  •  Posted by:

    about 3 years ago

Company Profile

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Established in 1986 in Mumbai, Maharashtra as a speciality wire ropes manufacturing company, Bharat Wire Ropes Ltd. is now a multimillion USD enterprise. The company has achieved new standards in the manufacturing of Strands, Wire Ropes and Slings for use in a varied list of application / industries such as General Engineering, Fishing, Elevators, Cranes, Material Handling, Onshore / Offshore Oil Exploration, Ports and Shipping and Mining.

Finance Assistant Manager

at Bharat Wire Ropes ltd as Fulltime

Job Description

  • Review of sanction letters & analyzing various terms & conditions of credit limits offered by Banks.
  • Preparation of letters for banks for seeking various modifications/waivers in sanction terms.
  • CDR ( Corporate Debt Restructuring ) working i.e Interest & Installment working of all term loans & Cash Credit, EPC, PCFC & DVLC for restructuring implementations.
  • Calculation & Checking as per CDR terms of interest & other charges related to term loans, FITL , WCTL, Short Term Loan, Cash Credit, ICD given/taken, LC & BG, TDR.
  • Calculating & reversal of Excess Charge recovered by bank related to Fund & Non Fund Based Limit.
  • Preparing & submitting MIS for Limit Utilizations of Working Capital & reports related to all dues & others to Management on weekly basis.
  • Interacting with banks for Resolving queries & setting up of CC, LC & BG facilities for smooth working capital operation, Involved in monthly LC planning, BG Planning & tracking tracking Bank Limits & Utilisations..
  • Handling matters related to working capital, term loans, FITL , WCTL, Short Term Loan, Cash Credit, ICD given/taken, Commercial Paper, Margin, CC, LC, BG, Commercial Vehicle, Interest & Capital Tufs Receivable & Determining financial objectives to reduce financial charges and control in the areas of credit..
  • Submitting Tufs Claim Papers as per CDR to all Bankers & reconciled all loans.
  • Arranging quarterly Balance Confirmation of all Banks Facility / Lenders for Audit Purpose.
  • Weekly & Monthly MIS / Reports :
    • Accountable for creating daily report on fund availability & utilization.
    • Preparing Weekly & Monthly Working Capital MIS and their various charges.
  • Analyzing the charges and plan to reduce the various financial charges by effective planning and cost reduction

Key Skills

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