India - Cash Management Executive

Who are Inchcape?

At Inchcape, our vision is to have a connected world in which our customers trade successfully and make better decisions in every port, everywhere. We use technology and our global network to help our partners connect to a smoother, smarter ocean.

Inchcape combines its worldwide infrastructure with local expertise through our global network of over 250 proprietary offices across 70 countries and a team of more than 3,000 committed professionals. Our diverse global customer base includes owners and charterers in the oil, cruise, container and bulk commodity sectors as well as naval, government and intergovernmental organisations.

We have an ambitious growth model, and a career here is certainly going to be a rewarding one that will allow you to bring your skills & experience. We embrace change and are open to new thinking and pushing for positive change in our industry.

Main Purpose of Job

• Assist OneCape Finance Hub Team and Cash Management Lead in ensuring that all daily/monthly banking requirements (payments and receipts) are completed in a timely and efficient manner.


• Help ensure that all KPI targets and SLA requirements are achieved by applying a proactive approach and placing emphasis on key target accounts. Manage all customer-related issues effectively.


• Liaise with internal teams / banking partners and LPA to ensure swift resolution to queries.


• Adhere to and promote group policies, processes and ethics and compliance practices.
  
  Key Accountabilities


• Maintain existing relationships, further develop and expand relationships with Principals (along with team leaders), ISS and 3rd party customers.


• Keep record of critical communication for audit trail.


• Adhere to already existing processes.
  
  

Specific responsibilities and accountabilities focused on BANKING are as follows:

• Review Bank statements and record transactions into accounting system (Unit 4), ensuring the compatible method is used to ensure integrations with operational systems are not affected.


• Possess knowledge in journal entries posting in finance system for payments & receipts.


• Match incoming funds / payment postings with invoices, as per the requirements.


• Initiate payments (from pre-existing templates) into the online banking platform daily to meet agreed performance criteria.


• Ensure Beneficiary Letter of Banking data provided meet acceptable criteria before setting up new templates for approval.


• Perform FX payments by coordinating with payment providers, follow up the rates and make settlement to FX providers.


• Perform Bank reconciliation in Unit 4 system, send Ageing summary on daily basis and follow up with the teams to post the entries.


• FX bank allocations regularly and WD1 month-end books closures.


• Provide swift copies / payment confirmations when required.


• Ensure all stakeholder queries are resolved in a timely and efficient manner, with regular follow-up to close matters.


• Providing documentation to banks using information in financial systems when required.


• Follow rejected/ returned payments to payment team to ensure all parties are made aware of managing business expectations.


• Maintain working relationships internally with ISS service centers and colleagues in work location and maintain relationships with external customers.


• Keep supervisors advised on any outstanding / performance issues relating to job details.


• Ensure adherence to group policies on Accounting, SOP’s, Internal Controls, Ethics & Compliance and HR.
  
  Key Deliverables


• Performance Objectives agreed on an annual basis.


• Customer Satisfaction


• Meeting Team Targets
  
  Essential
  
  
  


• Experience at Business Unit level with excellent communication skills.


• Ability to meet deadlines through good time management and allocation of priorities.


• Accounting backgrounds to understand basic book-keeping (debit/credit)


• ERP – Unit 4 (Preferrable)


• Banking platform – Citi Bank (preferable)


• B.com (General)


• Always showing a proactive approach to work.
  
  Desirable


• Process orientated


• Experience of working in a pressurized environment as tasks are critical.


• MBA Financial Management.


• Good attitude & Interpersonal skills.
  
  Why Inchcape Shipping Services?
  
  
  We believe in building a diverse and high-performing workforce that works together to provide our customers with the exceptional service they deserve. To reach the highest standards, we depend on our people, their welfare, training and expertise. We realise the value of our staff and know that your unique experiences, skills and passions will help you to build a rich and rewarding career in our dynamic industry.Our values are at the centre of everything we do, and the successful candidate will be expected to demonstrate and fully adopt these:
  
  
  
  
  
  • A retirement savings plan
  
  
  • Life assurance
  
  
  • Holiday
  
  
  • Competitive salary
  
  
  • Employee Assistance Programme
  
  
  • Career development and progression opportunities
  
  
  • Values Award celebration events
  
  
  
  
  Inchcape is an Equal Employment Opportunity Employer and equality, diversity and inclusion are at the centre of everything we do. We recognise that our customers, colleagues, contractors and other partners are central to our success and that we work in a diverse society. We acknowledge not only our legal, but also our moral responsibility to ensure all groups have equality of opportunity.
  Appointment to this role will be subject to satisfactory references and possession of a valid Right to Work documentation depending upon your geographical location.
  #ISSthebiggerpicture
  If you think that you have the right skills, knowledge and attitude to join our team, then we invite you to apply by simply clicking at the top of this advert!
  Plus, much more!
  A diverse range of benefits, depending on your geographical location. Globally, as a minimum, you will receive:
  
  In return, we will offer you:
  
  Progress
  we adopt new thinking and push for positive change in our industry.
  The Power of People -
  we rely on the strength of local agent knowledge and relationships.
  Global Perspective-
  we connect the world and see the bigger picture.
  
  #LI-MB1
  #LI-Hybrid