Forex & Treasury

Role & responsibilities :

1. Record all booking and cancellations (hedging and trading) of Forward Contracts.

2. Reconcile all such contracts with the Banks independently, verify Name of the Bank, Deal date, Currency, Amount, Due Date and direction (Buy or Sell)

3. Maintain all such contracts through Deal Confirmation on stamp paper and providing proper exposure underlying

4. Record all utilization related to forward contract. Maintain Swap cost related to such utilization

5. Verify the proper debits related to swap cost for all utilization from the Bank directly and also through Bank statement independently.

6. Regular reconciliation of all outstanding forward contracts with the Bank records and keep dealers posted about the balance amount of such contracts.

7. Maintain due dates of all contracts and advice dealers about all upcoming due dates so that such contracts may be cancelled properly before or on the due dates.

8. Maintain Mark to Market of all forward contracts daily

9. Record all hedging and trading contracts independently and separately.

10. Maintain all FC cancellation gain / loss cash flow. Follow up for all gains due from the Banks and also inform accounts team about any impending cash outflow (if any) for suitable and timely funding.

11. Prepare weekly Hedge Book from Open Order File and Docs in Hand File for Top Management

12. Prepare weekly Cash Flow Statement for Top Management

13. Maintain all export discounting, realization and advance payment received with the exchange rates and due dates on daily basis

14. Maintain all import payment, CAD and any outward remittances paid with the exchange rates.

15. Keep a record of all live import LC and update dealers about the same daily.

16. Prepare Weekly Forward Premia Received report for accounts team

Preferred candidate profile