CEAT, the
flagship company of RPG Enterprises, was established in 1958. Today, CEAT is
one of India’s leading tyre manufacturer with a capacity of over 800 tonnes per
day and has strong presence in global markets. CEAT offers the widest range of
tyres to all segments and manufactures world-class tyres for: Heavy-duty Trucks
and Buses, Light Commercial Vehicles, Earthmovers, Forklifts, Tractors,
Trailers, Cars, Utility Vehicles, Motorcycles, Scooters as well as
Auto-rickshaws. CEAT enjoys a major market share in the Truck, Light Truck and
2-wheeler segment and its tubes and flaps are renowned for their superior
quality and durability.
The company was founded as Cavi Elettrici e Affini Torino
(Electrical Cables and Allied Products of Turin) by Virginio Bruni Tedeschi in
1924, in Turin, Italy. On 10 March 1958, the company was
incorporated as CEAT Tyres of India, in Mumbai. Initially, the company
collaborated with the Tata Group. In 1972, the company set up a
research and development unit at Bhandup. In 1981, Deccan Fibre Glass
Limited was merged with the company
In 1982, RPG Group acquired
the company, and in 1990, the company was renamed as CEAT. In 1993, the
company collaborated with Yokohama Rubber Company, to manufacture radial
tyres at their Nashik unit.] In
1999, CEAT formed a joint-venture, named as CEAT Kelani, with Asia
MotorWorks (AMW) and Kelani Tyres, to manufacture and market CEAT
tyres in Sri Lanka. in 2006, CEAT Kelani commissioned their first Sri
Lanka-based radial-tyre manufacturing unit in Kalutara. In 2009, AMW
exited the joint-venture
VACANCY DETAILS :-
QUALIFICATION – CA /MBA
EXPERIENCE – 3-5 Years
LOCATION - MUMBAI
ROLE – Asst. MANAGER
(Treasury)
VACANCIES -1
Key Purpose of the Job (Position Summary)
This position is responsible for assistance in
managing all the import related operational formalities and regular liaison
with banks for the smooth flow of import processes and also executing timely
completion of import related documentation and procedures.
KEYPERFORMANCE AREAS
·
Adherence to timelines on Monthly Closures
·
Adherence to timelines on Import Management (LC’s and Bank Guarantees)
·
Adherence to compliance for closing of accounts and statutory
compliances.
·
Adherence to approved forex policy for hedging of import exposures.
·
Adherence to Management of Bank Guarantee and Margin Deposits
·
Undertaking the automation projects (such as Robotic Process,
Blockchain, API linkages)
Functions And Responsibilities
Import Operations
·
Engage in regular interactions with the Imports and Projects department
to gain information on specifications and details on materials to be imported.
·
Coordinate and interact with banks to ensure timely completion of
documentation and procedures for imports.
·
Seek information from the project teams to record and understand their
requirements for materials to be imported.
·
Timely Hedging the import exposure and ensuring that underlying for the
hedge undertaken are submitted with the bank within the statutory timelines.
·
Prepare orderly and timely preparation and opening of Letter of Credit
in due consultation with all key stake holders.
·
Seek acquisition of bank guarantee in time and for relevant import
transactions.
·
Ensure that all payments with respect to bank charges are executed with
accuracy and within agreed timelines without any penalties.
·
Submit bill of entries to the concerned banks
within the stipulated time.
·
To undertake automation projects including
adoption of new technologies which help in reducing the manual operations and
help to produce correct output for decision making.
Compliance and Documentation
·
Collect bills of exchange from the concerned Bank in an orderly and
timely manner
·
Execute prompt cash banking payment solutions or Buyer’s Credit from
Foreign Banks, in case of absence of credit arrangements from the bank
·
Execute thorough completion of all import related accounting entries
including the FX Gain Loss and ensure the fulfilment of import related
compliances
·
To resolve Open items in Bank reconciliation alongwith Accounts
department
Imports MIS
·
Regularly and thoroughly update MIS on a timely basis
·
Prepare complete and accurate recording and updating of documentation of
Bank charges and other charges levied by the bank and other financial
institutions
·
Ensuring cooperation and assistance to the Audit Department and
providing necessary documents for the flawless completion of monthly / annual
audits
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