Finance Specialist

To manage day-to-day banking operations, cash management activities, regulatory compliances related to IDPMS–EDPMS and ensure accurate reconciliation and reporting to support effective financial control and statutory compliance.Key ResponsibilitiesBanking 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 ( / / 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.

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