JM Treasury (Vendor Financing) - Karachi

Steps Ahead Pakistan


Date: 1 day ago
City: Karachi
Salary: PKR 80,000 - PKR 100,000 per month
Contract type: Full time
JM Treasury (Vendor Financing):

This role pertaining to Vendor payments through local LCs. Its a manual process of releasing the payment every week through quarterly LC.

Expertise in excel and excellent communication skill required to deal with the challenging stakeholders.

Deep Dive into the Role:

  • Knowledge & Expertise required in KIBOR, spread and monetary policy information to ensure the rate negotiation with the bank on quarterly basis.
  • Understanding of Letter of Credit required to ensure the Quarterly LC opening for VF Vendors.
  • Excellent Communication skill required to explain the authorizers regarding transaction, rate and LC opening context so that approvals will be done accordingly.
  • Expertise in Basic and Advance Excel for weekly basis payments calculation ( as applied different checks to mitigate the risk of duplicate payment).
  • Dealing with Bank regarding payments, LC opening and Rate negotiation.
  • Dealing with IBEX Team for initial matters of Quarterly LCs.
  • Dealing with Challenging Vendors and Procurement Vendor Partners for regular issues pertains to current payments and old matters including matters pertaining to invoice posting (wherever needed)
  • BRS clearing ( This part is very challenging as due to tax matters VF Person will do the manual exercise to prepare the BRS clearing working every month; whereas the Line items would be 7000 plus.
  • Basic Knowledge required regarding Income Tax and Sales Tax withholding.
  • Expertise in Software i.e. SAP, DCIW and Bank Portals. Moreover, taking Banks confirmation when required.


Skills Required:

  • Advanced Excel skills
  • Solid understanding of income and sales tax withholding
  • Knowledge of KIBOR, spread, monetary policy, and LC processes


Qualification:

BSc degree in Accounting, Finance, ACCA or relevant field

Experience:

Minimum of 2-3 years' experience in Vendor Financing or a related field.

Application Deadline: 08-Nov-2024

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