About the role
Key Responsibilities:1. Bank Guarantee Management
- Handle the end-to-end Bank Guarantee process, including receipt of requests, processing with banks, issuance, amendments, extensions and closure/cancellation.
- Maintain an accurate and updated BG Tracker, covering BGs requested, under process, issued, amended, expired and closed.
- Ensure BG-related bank charges are recorded accurately and timely in SAP.
- Monitor available and utilized Bank Guarantee limits and highlight potential shortfalls to the Finance/Treasury team.
- Proactively follow up for closure/cancellation of expired BGs so that blocked banking limits can be released.
- Send fortnightly reminders for BGs already expired or due for expiry within the next three months and coordinate for collection/return of original BGs from customers.
- Prepare a monthly estimate of upcoming BG requirements based on new Purchase Order/contract terms and inputs from relevant teams.
- Maintain appropriate BG documentation and supporting records for accounting, audit and internal control purposes.
- Handle the end-to-end operational process for Fixed Deposits based on investment decisions/recommendations provided by the Finance team.
- Coordinate with banks for placement, renewal and maturity of Fixed Deposits.
- Maintain an updated FD Tracker containing deposit amount, bank, interest rate, maturity date, accrued/received interest and TDS details.
- Ensure timely and accurate accounting of Fixed Deposits and FD interest in SAP.
- Monitor FD maturity dates and provide advance intimation to the Finance/Treasury team for necessary action.
- Verify TDS deducted by banks on interest income against Form 26AS.
- Ensure appropriate TDS receivable accounting entries are recorded in SAP.
- Follow up on discrepancies between bank records, SAP and Form 26AS and coordinate their timely resolution.
- Support periodic reconciliation of BG charges, FDs, FD interest and related treasury accounts.
- Maintain complete and accurate supporting documentation for BGs, FDs, bank charges and related transactions.
- Prepare periodic BG/FD status reports for Finance management.
- Provide information and supporting documents required for statutory/internal audits.
- Ensure adherence to applicable Delegation of Authority, treasury controls and maker-checker requirements.
- Identify pending items and exceptions and escalate them to the appropriate Finance team member in a timely manner.
Key Skills & Competencies:Technical
- Hands-on experience in Bank Guarantee processing
- Understanding of Fixed Deposits and basic treasury operations
- Working knowledge of bank charges, interest calculations and TDS
- Practical experience of SAP Finance
- Good working knowledge of MS Excel, including reconciliation and tracker management
- Understanding of accounting entries relating to BG charges, FDs, interest income and TDS
- Basic understanding of Form 26AS
- Strong attention to detail and accuracy
- Good follow-up and coordination skills
- Ability to independently track multiple transactions and deadlines
- Strong documentation and record-keeping discipline
- Good communication skills for coordination with banks and internal stakeholders
- Ability to identify exceptions and escalate issues proactively
- Qualification: / / MBA Finance or equivalent.
- Experience: 4–6 years of relevant experience in Finance/Treasury operations.
- Prior hands-on experience in Bank Guarantees, banking operations and Fixed Deposits is strongly preferred.
- Experience working in an SAP environment is preferred.
- Manufacturing/engineering industry experience would be an advantage.