We are looking for a skilled to manage Bank Guarantees and Non-Fund Based Banking activities, including coordination with banks, NBFCs, and financial institutions.
Key Responsibilities
Handle end-to-end processing of Bank Guarantees including Performance, Advance Payment, Financial, Bid/Tender and Deferred Payment Guarantees.
Review BG applications and draft wordings for commercial, legal, and operational risks.
Coordinate BG issuance, amendments, extensions, cancellations, and closures.
Monitor BG expiry dates, claim periods, and auto-extension/evergreen clauses.
Calculate and verify BG commission, issuance fees, margin and other bank charges.
Maintain monthly BG MIS/Excel tracker for active and closed guarantees.
Follow up with banks for refund of commission/margin on closed Bank Guarantees.
Maintain quarterly records of Fixed/Term Deposits and non-fund-based balances.
Obtain and reconcile quarterly balance confirmations from banks, NBFCs and financial institutions.
Prepare BG-related commission statements and supporting documents for audit.
Ensure proper documentation and compliance with banking regulations and internal policies.