Treasury Associate

ZEISS in India

ZEISS in India is headquartered in Bengaluru and present in the fields of Industrial Quality Solutions, Research Microscopy Solutions, Medical Technology, Vision Care and Sports & Cine Optics.

ZEISS India has 3 production facilities, R&D center, Global IT services and about 40 Sales & Service offices in almost all Tier I and Tier II cities in India. With 2200+ employees and continued investments over 25 years in India, ZEISS’ success story in India is continuing at a rapid pace. 

Further information at ZEISS India.

• Review and analysis of bank guarantees draft and related documentation. Ensure the approval as per the DOA. Ensure the issuance of guarantees on time
• Analysis of commission & charges on guarantees based on the value/tenure and process the BG’s in respective bank where charges are comparatively low.
• Maintenance of Bank guarantee tracker & responsible for closure of BG’s on stipulated timeline.
• Preparation of BG listing on monthly basis & analyze the utilization of non-funding credit facility provided by the bank.
• Responsible for verifying & approving both domestic & foreign Letter of Credit as per the standard LC guidelines & INCOTERMS.
• Analyze, prepare and submit the LC collection documents to the Bank on time.
• Maintain the tracker for inward/outward LC payments. Liaison with the bank for settlement of LC collections as per the LC term.
• Management of Amex cards – fresh issue, limit enhancement and closure of Employee FX cards.
• Statutory and compliance support – I.e Responsible for payment and accounting of   Custom duty and reconciliation of ECL account.
• Preparation of bank reconciliation statement.
• Payment of EMD, ensure the timely collection of EMD and preparation of aging report.
• FX management – Spots, forwards/hedging by aligning with central treasury team.
• Compliance with DGFT regulations i.e Preparation and submission of export data to bank for EDPMS (Export Data Processing and Monitoring system) regularization and issuance of EBRC via DFGT.
• Build and maintain automated reports and Power BI dashboards to track key financial metrics.

Education : B. Com graduate (MBA in Finance preferred)

Work Experience : 2-4 years of experience in handling, Letter Credit, Bank Guarantee, EMD, Custom Duty

Other Skills :

• SAP and Excel knowledge is must

• Solid understanding of financial numbers and Treasury

Your ZEISS Recruiting Team:

Manoj Badaik