Financial Transactions Manager

5 days ago


Lahore, Punjab, Pakistan Taiga Apparel Full time

**Job Description**

We are seeking a highly skilled Treasury Operations Specialist to join our team. As a key member of the treasury department, you will be responsible for monitoring and managing daily bank Nostro account activities, ensuring optimal receipt utilization in collection/adjustment processes.

The ideal candidate will have excellent communication skills and be able to liaise with Relationship Managers (RMs) to track approved limit utilization, guaranteeing timely and non-funded limit optimization.

You will also oversee trade activities, verifying that non-funded limit utilization is maximized and executed efficiently, including the management of EIF open accounts and advance payments.

In addition, you will coordinate revolving finance rollover and collaborate with the export department for Export Performance (EP) statement preparation.

You will negotiate Foreign Currency (FCY) rates with bank treasury departments on a daily basis and verify Business Proposal (BP) and Bill of Rights (BR) vouchers for accuracy and compliance.

Furthermore, you will ensure all bank reconciliations are completed by the 6th working day of every month, with a signed confirmation from the Head of Department.

You will also prepare mark up provisions for all banks by the 7th working day of each month, also requiring a signed confirmation from the Head of Department.

Last but not least, you will follow up on repatriation cases with banks and ensure adherence to State Bank of Pakistan (SBP) regulations governing financial operations.

You will provide weekly reports on Export Receivable activities and handle foreign loans, obtaining necessary approvals from SBP for repatriation purposes.

Finally, you will compile monthly funds requirements from various departments, including MMC, supply chain, and usance LCs.



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