Job Title: Finance Executive / Manager Banking & Compliance
Department: Finance & Accounts
Reporting To: Head – Finance / CFO
Job Purpose:
To manage all banking-related activities, including preparation of CMA data, coordination for credit facilities, bank guarantees, credit rating submissions, equipment financing, and insurance management to support ongoing and upcoming construction projects.
Key Responsibilities:
1. CMA & Bank Liaison
- Prepare and submit Credit Monitoring Arrangement (CMA) data to all consortium and non-consortium banks for working capital and term loan renewals.
- Coordinate with banks for enhancement or restructuring of credit facilities as per project funding needs.
- Provide accurate financial projections, cost estimates, and project-specific financial statements.
- Monitor fund utilization and compliance with banking covenants and sanction terms.
2. Bank Guarantee (BG) & Letter of Credit (LC) Management
- Handle issuance, renewal, and release of Bank Guarantees related to project tenders, performance, and advance guarantees.
- Coordinate with project and commercial teams to ensure BGs are issued as per tender and client requirements.
- Track validity, margin, and expiry of BGs/LCs and ensure timely extensions or closures.
- Maintain an updated BG/LC register for internal and audit purposes.
3. Credit Rating & Documentation
- Coordinate with credit rating agencies for periodic reviews and renewals.
- Prepare and submit required financial data, project performance reports, and management presentations.
- Ensure timely completion of rating exercises and maintain proper documentation for compliance and bank submission.
4. Equipment Finance & Term Loans
- Identify financing requirements for construction equipment, vehicles, and machinery.
- Liaise with banks/NBFCs for equipment finance proposals, documentation, and disbursement.
- Ensure compliance with loan covenants and maintain repayment schedules and asset records.
5. Insurance & Risk Management
- Arrange and renew insurance policies for assets, projects, employees, and equipment.
- Liaise with insurance providers for coverage, premium negotiation, and claim settlements.
- Maintain an updated insurance register and ensure all sites and assets are adequately insured.
6. Financial Control & Audit Support
- Maintain all banking and finance-related documents systematically.
- Support internal, statutory, and bank audits by providing timely records and clarifications.
- Ensure compliance with company financial policies, confidentiality norms, and regulatory requirements.
Qualifications & Experience
- Education: B.Com / M.Com / MBA (Finance) / CA (Inter)
- Experience: 4–10 years in construction / infrastructure industry, with hands-on experience in CMA preparation, bank guarantees, and project finance coordination.
Skills & Competencies
- Strong knowledge of project-based banking and financial documentation
- Proficiency in MS Excel, financial analysis, and fund flow management
- Good liaisoning and communication skills with banks, NBFCs, and rating agencies
- Attention to detail and strong record-keeping ability
- Understanding of insurance and asset risk management in project environments