Daily preparation on online Telegraphic transfers / Fast Transfers on various bank portals, wherein the company maintains its bank accounts
Daily preparation and submission of Trade finance applications to the different banks
Daily monitoring of cash and bank balances of the company
Daily co-ordination with the Operations team for the payments to be done
Daily co-ordination with the RMs of the various banks for the MT103 and the remittance advices
Daily reporting of the receipts and payments to the management and the operations team
Close review of the invoices received from the Ship Managers and maintain a meticulous record of the vessel wise expenses and highlighting the irregularities
Weekly monitoring of the payables to various port agents
Monthly preparation of bank reconciliation statement