Head of Finance & Banking (GM / DGM)

Job Description

Title: Head of Finance & Banking (GM / DGM)

Company Name: A Well-Reputed Group of Manufacturing Companies

Vacancy: 1

Age: At least 40 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• At least 15 years
• The applicants should have experience in the following business area(s): Garments, Cement Industry, Steel

• Master of Business Administration (MBA) in Accounting, Finance & Banking, Accounting & Information System

• At least 15 years
• The applicants should have experience in the following business area(s): Garments, Cement Industry, Steel

• Age At least 40 years
• Only Male

1.      Bank Relationship & Operation :

a)      Liaison / persuasion and getting the work done on a day-to-day basis, including all the banks.

b)      Overall supervision/coordination in fund placements / transfer on a day-to-day basis.

c)      Watchdog function on  Bank pricing - FCY, Interest rate, credit limit, etc. day to day basis.

2.      LC affairs :

a)      Negotiation and selection of the Bank for LC opening based on limit availability, management preference, pricing trend, etc.

b)      Opening of LC  - negotiation about margin duration (sight / UPAS), etc, and ensuring adherence to sanction terms.   

c)      Liaison with banks during the tenure of the LC, on discrepancies, short/excess receipts, etc.

d)      LC retirement – negotiation with the bank on retirement FCY rate, condition for placement of related funds, etc.

3.      Goods release and C & F Metter

a)      Coordination of related matters through the C & F section

4.      Bank relationship development and nurturing :

a)      Negotiation of new limit fixation or renewal, or enhancement, etc.

b)      Establishment of new relationship or credit limit based on business requirements.

c)      Persuasion of credit limit, pricing, and related matters, including Bank Guarantees (BG).

d)     Coordination and supervision of all bank-related documentation and compliance activities.

e)     Overall relationship banking.

5.      Maintain effective communication with all related banks and relevant departments of the Bangladesh Bank.

6.      Perform any other duties or responsibilities assigned by Management as and when required.