Support and guide O2C business segments in all matters relating to banking eg. Bank guarantees, Letters of Credit, Credit Risk and Payments.
Financing of trade receivables and payables through various instruments eg. LC Bill Discounting, Forfaiting, Factoring, Buyers Credit, Suppliers Credit and other Structured Trade Finance.
Engage with Business and Business Operations team to track cash flows, loading schedule and invoices available for discounting
Liaise with banks for compliance checks and negotiate competitive pricing for financing of receivables
Execute financing transactions, timely system entries and maintain masters in SAP for correct accounting
Liaison with Banks to enable forfaiting transactions with new counterparty sales on open account terms
Follow up meeting & periodic review of Operational activities with banks / Business Operations team
Resolution of payment related queries from Business and associated compliances
Plan transactions to minimize Credit Risk, optimize Working Capital and reduce financing cost.
Develop and maintain strong banking and other counterparty relationships.
Resolve operational issues arising out of LC advising and confirmation, LC amendment, Bank Guarantees and its invocation, trade financing, customer payments etc.
Ensure RBI and other regulatory compliances
Work on automation of workflows in SAP, implement new areas of automation in the area of trade finance
Adopt emerging ways of working in trade finance eg blockchain, platforms etc.
