Finance Executive

Design & Engineering System Pvt Ltd

Lahore , Pakistan

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Posted 10 hours ago Report Job

This role involves managing various banking and financial coordination tasks to support the Finance Manager and ensure smooth operations related to credit limits, banking facilities, insurance, and documentation. The candidate will act as a liaison between banks, clients, and internal departments, maintaining accurate records and timely communication to facilitate financial processes and compliance.

Key Responsibilities:
- Resolve bank queries concerning credit limits and facility utilization, keeping the Finance Manager updated regularly.
- Coordinate with banks and clients for banking-related requirements, including documentation and facility management, which may involve site visits.
- Handle the opening of Irrevocable Letters of Credit (ILCs) and process extensions or renewals of Bank Guarantees (BGs) with complete documentation.
- Manage insurance policies by ensuring timely renewals and overseeing insurance claims through to settlement.
- Prepare official correspondence such as letters and basic agreements as needed.
- Collaborate with various internal departments including Accounts, Payable & Treasury, Procurement, Projects, and Administration on matters related to banking, insurance, leases, and documentation.
- Maintain comprehensive files and records of bank correspondence, credit limits, ILCs, BGs, insurance policies, and leases. Support the Finance Manager in daily tasks and coordinate delivery assignments with the Rider.
- Update weekly trackers for bank limits (utilized and available), pending queries, and upcoming expiries of BGs, ILCs, and insurance policies.
- Prepare and submit monthly bank progress reports as required.
- Maintain monthly lease data for all company-leased vehicles.
- Assist in quarterly reviews by compiling data on banking limits, facilities, insurance coverage, and recurring issues for the Finance Manager.

Required Qualifications:
- Bachelor’s degree in Finance, Accounting, Commerce, or a related field.
- 2 to 4 years of relevant experience in Finance, Banking, or Accounts. Experience with ERP systems is preferred.

Skills:
- Strong banking coordination skills including managing credit limits, ILCs, and BGs.
- Proficient in insurance handling and claims management.
- Excellent documentation and record-keeping abilities.
- Competent in preparing bank reports and maintaining trackers.
- Proficient in Microsoft Excel and MS Office applications.
- Effective communication skills for coordination with banks, clients, and internal teams.

Preferred Qualifications and Benefits:
- Experience with ERP software will be an advantage.
- Monthly salary range: Rs75,000 to Rs80,000.
- Work location is in-person in Lahore, with preference given to candidates who can reliably commute or are willing to relocate. An employer-provided relocation package is available for suitable candidates.

Candidates will be asked to provide details such as expected salary, previous employer, notice period, age, city of residence, and current salary during the application process.