Finance Specialist

Banking Operations

Manage routine banking transactions including fund transfers, cheque issuance, bank deposits, and online banking activities.
Coordinate with banks for account operations, documentation, KYC updates, and resolution of banking-related issues.
Monitor bank limits, facilities, and ensure timely submission of required documents to banks.
Handle opening, modification, and closure of bank accounts as per organizational requirements.

Cash Management

Monitor daily cash and bank balances to ensure optimal liquidity.
Plan and execute fund utilization and transfers to meet operational requirements.
Prepare daily, weekly, and monthly cash flow statements and forecasts.
Ensure compliance with internal cash handling policies and controls.

IDPMS – EDPMS Compliance

Ensure timely and accurate reporting of import transactions under IDPMS (Import Data Processing and Monitoring System).
Monitor export transactions under EDPMS (Export Data Processing and Monitoring System) for realization and closure.
Coordinate with banks, logistics, and internal teams for submission of shipping bills, invoices, Bill of Entry, and other required documents.
Track pending transactions, follow up for closure, and resolve discrepancies raised by banks or regulatory authorities.
Ensure adherence to RBI and FEMA guidelines related to import-export transactions.

Reconciliation Activities

Perform regular bank reconciliations and investigate differences, if any.
Reconcile cash, bank, and related ledger accounts in the accounting system.
Coordinate with internal departments to resolve reconciliation discrepancies in a timely manner.
Maintain proper documentation and audit trails for all reconciliations.

Reporting & Documentation

Prepare and submit periodic reports on banking operations, cash position, IDPMS–EDPMS status, and reconciliations.
Support internal and statutory audits by providing required data, documents, and explanations.
Maintain accurate records and files in line with internal controls and compliance requirements.
Assist in process improvement initiatives related to banking and compliance activities.

Key Skills & Competencies

Strong knowledge of banking operations and cash management processes.
Working knowledge of IDPMS and EDPMS regulations and RBI/FEMA guidelines.
Proficiency in reconciliation processes and financial reporting.
Attention to detail and strong analytical skills.
Effective coordination and communication skills.
Proficiency in MS Excel and ERP/accounting systems.

Qualifications & Experience

Bachelor’s degree in commerce, Finance, or Accounting (B.Com / M.Com / MBA – Finance preferred).
3–5 years of relevant experience in banking operations, cash management, and regulatory compliance.
Experience in import-export compliance will be an added advantage.