Assistant Manager Finance

Company Description

Meril, established in 2006, is a globally renowned life sciences and medical device company dedicated to developing state-of-the-art, clinically relevant medical devices that enhance quality of life and alleviate human suffering. With a strong commitment to research and development, Meril adheres to the highest quality standards in manufacturing, scientific communications, and distribution. As a part of a healthcare diversification plan by a leading Indian multinational company, Meril has become a pioneer in the medical device sector. For more information, visit: https://www.merillife.com/disclaimer.

Role Description

This is a full-time, on-site role for an Assistant Manager Finance based in Vapi, Gujarat. The applicant will be responsible for managing end-to-end global banking operations, including opening and maintaining bank accounts, setting up banking limits, and handling Overseas Direct Investment (ODI) transactions in compliance with regulatory and internal guidelines. The role requires strong coordination with internal stakeholders, banks, and regulatory authorities to ensure smooth and compliant banking operations across geographies.

Key Responsibilities:

1.Bank Account Management: Co-ordinate with banks and internal teams to manage bank accounts for overseas entities

2.Liquidity management in Overseas subsidiaries: Ascertain liquidity requirements globally and set up banking facilities such as credit lines, overdrafts, term loans etc.

3.Factoring / Bill Discounting: Set up factoring program globally. Co-ordinate between internal teams and banks for customer onboarding.

4.Compute cost of borrowings: Monitor utilization of borrowings and factoring program and compute cost of borrowings.

5.ODI Transactions: Prepare and file ODI forms and related documents with AD banks and RBI. Co-ordinate with internal teams, AD and auditors for compliance with FEMA, RBI and company requirements.

6.Digitization: Support treasury initiatives related to banking digitization, fee optimization, and process automation.

7.Others: Act as a key point of contact for banks on operational matters and new service requirements. Support internal and external audits and drive improvements in control frameworks.

Qualifications

• Graduate / Postgraduate in Commerce, MBA Finance, CA Inter, ICWA Inter.
• 35 years of experience in corporate treasury, banking operations, or related finance roles.
• Strong knowledge of FEMA, ODI, and RBI regulations.
• Experience in dealing with multiple banks and managing global banking documentation.
• Proficiency in MS Office (Excel, PowerPoint, Word) and familiarity with treasury systems.