Accounts Payable – Foreign Remittances

Alphard Group; Mumbai; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

A financial services firm in Mumbai is seeking an experienced finance professional to manage foreign transactions, cash flow, and banking operations. The ideal candidate will have a Bachelor's degree and 5-7 years of relevant experience, preferably in global trading or shipping. Proficiency in Tally and strong MS Office skills are required. This role involves managing bank entries, ensuring timely payments, and handling regulatory compliance.

Qualifications

• Minimum 5-7 years in accounting and finance roles, preferably in shipping, maritime, logistics, or global trading.
• Expertise in managing foreign currency transactions and bank operations.
• Proven experience in treasury operations and bank relationships management.

Responsibilities

• Assist the Finance team in managing bank entries.
• Efficiently manage accounts payable processes ensuring timely payments.
• Manage foreign currency transactions, including remittances.
• Ensure timely renewals and tracking of banking facilities.
• Support Finance in cash flow planning.

Skills

Foreign transactions management

Cash flow management

Banking limit management

TDS knowledge

Forex exposure

Auditing exposure

Proficiency in Tally

MS Office Suite

Strong English communication

Education

Bachelor's degree in finance, accounting, or related field

Tools

Tally

MS Office (Excel, PowerPoint, Word)

Job description

Job Role Summary:

This role requires extensive experience, particularly in foreign transactions, banking limit management, Cash flow management, working capital management, someone who has independently handled Indian and foreign bank transactions, logging into the foreign banks and uploading the docs, TDS knowledge, Strong forex exposure, MIS Reporting and Auditingexposure.

Qualifications & Experience:

• Bachelor's degree in finance, accounting, or a related field.
• Minimum 5-7 years in accounting and finance roles. Experience in the shipping, maritime, logistics, or global trading industry will be preferred.
• Expertise in managing foreign currency transactions and bank operations.
• Proven experience in treasury operations, foreign exchange handling, and bank relationships management.
• Strong ability to interpret financial data and identify growth drivers and problem areas
• Proficiency in Tally and the use of MS Office suite (PowerPoint, Excel & Word)
• Strong English communication skills – written and spoken.

Key Responsibilities:

• Assist the Finance team in booking indirect expenses/ incomes and managing bank entries for all companies.
• Efficiently manage accounts payable processes, including journal entries and ledger transactions, to ensure accurate financial records and timely payments.
• Managing all aspects of foreign currency transactions and payments, including inward/outward remittances and exchange rate management.
• Manage banking facilities such as working capital limits, term loans, and non-fund-based facilities, guaranteeing timely renewals and efficient tracking of utilization limits
• Coordinate in the payment process, ensuring the necessary documentation at the maker checker level, and support Finance in cash flow planning.
• Maintain comprehensive records of all transactions, ensuring compliance with internal policies and regulatory standards.
• Support in the preparation of Annual Reports and Financial statements like Balance Sheets, Profit & Loss, and Cash Flow
• Coordination with various stakeholders for regulatory, financial, and other issues and approvals.
• Coordination with global offices for all finance matters