Finance Specialist at Bekaert Australia Pty Ltd

pune, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

31 May, 26

Salary

0.0

Posted On

02 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Treasury Operations, Cash Flow Forecasting, Banking Operations, Trade Finance, Foreign Payments, Statutory Compliance, Treasury Reporting, Fund Management, FEMA Compliance, RBI Regulations, Accounts Payable, Insurance Management, Audit Support, Excel, SAP, Coordination

Industry

Manufacturing

Description

Be part of something bigger! As the world and the way people live is changing, we at Bekaert believe it’s our responsibility to contribute to finding new solutions for the future. With a 140+ year old heritage of excellence, innovation, and a future-focused mindset, we strive to create value for our customers and society. We aim to do this through innovative solutions and sustainable practices. We are committed to pushing the boundaries of steel wire transformation and coatings whilst also leveraging our expertise to develop innovative solutions with new materials and services in a safe, smart, and sustainable way. Our focus extends to markets such as new mobility, low-carbon construction, and green energy. As a dynamic and growing company with over 24 000 employees worldwide, 75 nationalities, a retention rate above 90% and almost € 5.3 billion in combined revenue in 2023, we are looking for someone like you to join our team as we continue to shape a safer, more efficient, and connected world! I. Purpose of the Role We are looking for a dynamic and detail-oriented finance professional with 3–5 years of experience in Treasury Operations. The candidate will be responsible for managing daily cash flow, banking operations, trade finance, foreign payments, statutory compliance, and treasury reporting. The role requires strong coordination with banks, internal stakeholders, auditors, and shared service teams.II. Roles and Responsibilities 1. Treasury & Cash Management• Monitor daily cash position and ensure optimum fund utilization across bank accounts.• Manage FD and ensure borrowings at lowest applicable interest rates.• Avail Short Term Loans (STL) and Trade Finance/ARP facilities as required.• Prepare and manage monthly cash flow forecasts.• Manage reverse factoring programs with banks.• Handle foreign currency requirements for employees foreign travel• Execute LC/BG transactions as per business requirements.• Manage inward remittances and ensure correct exchange rate application.• Issue intercompany debit/credit notes (salary, commission, etc.).2. Trade Finance & FEMA Compliance• Track and close IDPMS & EDPMS.• Monthly ECB return filing with AD bank.• Handle foreign LC (vendor & customer) coordination.• Ensure compliance with FEMA and RBI regulations. 3. Accounts Payable – Domestic & Foreign Payments• Ensure timely processing of domestic and foreign vendor payments.• Process ECB principal & interest payments.• Ensure payment cycles are maintained within defined timelines.4. Employee Funds & Insurance• Manage Superannuation & Gratuity contributions.• Coordinate with LIC / HDFC Life for premium payments and fund transfers.• Ensure timely settlement of employee claims and payments to ex-employees.5. Insurance Management (Non-Employee & Corporate Policies)• Liaise with group entities and insurance brokers for policy renewals, premium payments, and claims processing.• Coordinate for corporate insurance policies including property, marine, liability, and other non-employee covers.• Ensure timely premium payments and proper documentation of policies.• Process and account insurance prepaid journal entries (JV) for non-employee insurance policies.• Maintain insurance register and support during insurance audits and claim settlements.6. Audit & Statutory Compliance• Provide data and documentation required by internal and statutory auditors.• Support preparation of audit schedules related to Insurance, Forex, Banking• Ensure timely statutory payments (PF, PT, LWF, TDS/TCS, ESIC, etc.).• Support vendor master data maintenance.7. Stakeholder Management• Act as SPOC for treasury and AP-related coordination with shared service teams.• Liaise with banks, auditors, and internal teams.• Ensure completion of mandatory compliance trainings.III. Skills & Competencies • Qualification: MBA (Finance) / M.Com.• Experience: 3–5 years of hands-on experience in Treasury Operations.• Experience in manufacturing or corporate treasury preferred.• Strong understanding of cash flow forecasting, banking & fund management, trade finance (LC, BG, ECB), FEMA & foreign remittances.• Strong Excel and ERP knowledge (SAP preferred)• Analytical and detail-oriented• Strong coordination and communication skills• Proactive and solution-driven approach• Strong follow-up and banking negotiation skills Be bold and take the leap! We're looking for individuals who are not afraid to take risks and explore new ideas. If you are passionate about personal growth and bringing your authentic self to work, we want you on our team! At Bekaert, we celebrate diversity and are committed to creating an inclusive work environment. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. To learn more about us and our exciting career opportunities, visit Bekaert Careers

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Responsibilities

The Finance Specialist will manage daily treasury operations including cash flow monitoring, fund utilization, trade finance execution (LC/BG), and ensuring compliance with FEMA and RBI regulations. Key duties also involve processing domestic and foreign vendor payments, managing employee funds (Superannuation/Gratuity), and overseeing corporate insurance policies.