Finance Head

Saman Tea; Kolkata District; On-site; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Exposure to multi-bank treasury

Senior management exposure

Competitive compensation

Job summary

Saman Tea Private Limited is seeking a banking-focused professional to manage day-to-day treasury, working-capital limits, and trade-finance documentation for import and export operations.

You will handle packing credit, post-shipment finance, LCs, and forward contracts, ensuring timely realization and compliance with FEDAI/RBI norms and FEMA guidelines.

Qualifications

• Hands-on experience in banking and treasury for firms with live import/export operations.
• Strong knowledge of packing credit, post-shipment finance, and LCs (UCP 600).
• Familiar with FEMA rules, RBI/FEDAI guidelines, and treasury workflows.
• Experience with CMA data, stock statements, and bank limits renewal.
• Proficiency in Excel and banking portals or ERP systems.

Responsibilities

• Oversee cash flow planning and monitor fund-based and non-fund-based limits across banks.
• Manage packing credit, post-shipment finance, LC processing, and related realizations.
• Book and hedge forward contracts; track currency exposure and rates.
• Handle export/import documentation, credit scrutiny, and shipping document submission.
• Prepare monthly stock statements, CMA data, and bank MIS for limits and renewals.
• Coordinate with RM teams and insurance desks; ensure compliance and deadlines.

Skills

Banking operations

Trade finance

Import & export

Packing credit

Letters of Credit

Forward contracts

RBI/FEDAI guidelines

ERP systems

Job description

About Us

Saman Tea Private Limited is the largest exporter of tea and refined sunflower oil in India, with active import and export operations across multiple trade corridors. We run a multi-banking arrangement with sanctioned fund-based and non-fund-based limits across several banks, financing a high volume of export and import transactions every month.

Role Overview

This is a banking-facing, trade-finance and treasury role not an accounting role. You will be the company's day-to-day point of contact with all of our banks, responsible for working-capital limits, pre- and post-shipment credit, forex hedging, and all trade-finance documentation and compliance.

The right person has hands-on experience in a firm with live import and export operations and a strong practical command of packing credit, post-shipment finance, letters of credit, forward contracts, and the related realization and compliance workflows. This role rewards discipline, follow-up, and command of due dates.

Key Responsibilities

Cash flow & limit management

• Prepare and monitor weekly cash flow plans and fund-flow forecasts to ensure liquidity for procurement, shipments, and loan repayments.
• Track utilization of sanctioned fund-based and non-fund-based limits across all banks under the multi-banking arrangement; optimize drawdowns and interest cost.
• Maintain daily/weekly banking MIS on outstandings, limits, drawing power, and availability.

Export & import credit (pre- and post-shipment)

• Apply for and avail packing credit / PCFC (pre-shipment) and post-shipment finance (bill discounting / negotiation / FUBD) against confirmed orders and LCs.
• Manage the knock-off / liquidation of packing credit against post-shipment credit and export realizations within prescribed timelines.
• Track expiry and liquidation due dates of every packing credit and post-shipment loan; ensure timely adjustment to avoid overdue interest and forced crystallization.
• Monitor overdue export/import bills and coordinate with banks on crystallization per FEDAI / RBI norms.

Forex & treasury

• Book, utilize, and track forward exchange contracts (forward dollar rate booking) to hedge export receivables and import payables.
• Manage utilization, early delivery, rollover, cancellation, and knock-off of forward contracts against actual shipments and realizations.
• Monitor currency exposure and negotiate competitive rates with bank treasury / dealing desks.

Letters of credit & trade documentation

• Handle export and import Letters of Credit scrutiny of LC terms, amendments, document preparation, and negotiation (working knowledge of UCP 600).
• Arrange import LCs and, where required, buyer's / supplier's credit for procurement.
• Coordinate submission of shipping documents to banks and follow up on realization.

Bank compliance & documentation

• Prepare and submit monthly stock and book-debt statements, QIS returns, and other periodic data used by banks to compute drawing power.
• Compile CMA data and documentation for the annual renewal / enhancement of bank limits; liaise with banks from sanction through disbursement.
• Generate and manage eBRCs (Electronic Bank Realisation Certificates); ensure export proceeds are realized and reported within FEMA timelines.
• Ensure closure and reconciliation of shipping bills in EDPMS and bills of entry in IDPMS; follow up on outstanding entries.
• Reconcile bank charges, interest, and commissions; identify and contest incorrect debits.

Relationship & coordination

• Act as the primary day-to-day liaison with bank Relationship Managers and trade-finance desks across all banking partners.
• Coordinate ECGC / credit insurance and marine insurance requirements where applicable.
• Support DGFT / export-incentive documentation (e.g., RoDTEP, duty drawback) to the extent it depends on banking and realization data.

Required Skills & Experience

• 36 years in banking / trade-finance operations within a company that has both import and export operations (commodity / agri-export experience strongly preferred).
• Strong practical knowledge of packing credit, post-shipment finance, letters of credit (UCP 600), forward contracts, and crystallization / knock-off mechanics.
• Working understanding of FEMA, RBI / FEDAI guidelines, EDPMS / IDPMS, eBRC, and DGFT basics.
• Comfort preparing stock statements, QIS, CMA data, and limit-renewal documentation.
• Advanced Excel; familiarity with banking portals and ERP systems.
• Sharp follow-up discipline, attention to due dates, and the ability to juggle multiple banking relationships at once.

What This Role Is Not-

This is not a bookkeeping or financial-accounting position. Ledgers, GST/TDS, statutory audit, and general accounting are handled separately. The focus here is banking, trade finance, and treasury operations.

What We Offer

• A central role working directly with senior management on the company's banking and treasury function.
• Exposure to large-volume, multi-bank exportimport finance across tea and edible oils.
• Compensation commensurate with experience.