Take ownership of cash management procedures to ensure efficient handling of funds.
Act as the primary point of contact for day-to-day communication with banks, managing routine activities effectively.
Coordinate the preparation of Letter of Credit (LC) documentation, facilitating communication between Procurement, Suppliers, and Bank Personnel.
Cultivate and maintain strong relationships with banks and insurance companies.
Monitor the utilization of banking facilities, providing data and documentation to support the establishment and renewal of facilities.
Track utilization of Facilities with banks and provide data support and documentation to banks on establishing new facilities and renewal of existing facilities. Allocate funds across different bank accounts based on upcoming financial commitments.
Verify that bank charges align with contractual agreements and agreed terms.
Generate and submit financial reports detailing the current financial status and forecasting.
Ensure accurate archiving of banking facilities contract documents.
Obtain and analyze Fixed Deposit and Forex rates, presenting comparisons for informed decision-making.
Engage in preliminary negotiations for Fixed Deposit and Forex rates.
Collaborate with insurance companies, advisors, and stakeholders to manage insurance-related matters.
Monitor and process incident reporting, initiating claims in accordance with insurance policies.
Follow up on outstanding insurance claims, ensuring timely settlement.
Organize and maintain insurance policy documentation, providing necessary policies to internal stakeholders and under various contracts.
Coordinate the issuance, collection, and submission of Insurance certificates.
Request and evaluate insurance quotes, conducting comparisons to inform decision-making.
Account for banking transactions and provide allocation entry details to the General Ledger (GL) team for Borrowing costs and Insurance Premiums.
Perform reconciliations and create payment schedules for Insurance companies.
