We are looking for a professional 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.
Candidate Profile
- Graduate/Postgraduate in Finance, Commerce, Banking or related field.
- Experience in Bank Guarantees, Treasury, Banking Operations or Non-Fund Based Facilities.
- Good knowledge of MS Excel and banking documentation.
- Solid coordination, follow-up and reconciliation skills.
- Experience in SAP and EPC/Infrastructure/Oil & Gas/Construction industry will be an advantage.
📌 Banking Executive (Ahmedabad)
🏢 Corrtech International
📍 Ahmedabad
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