Ankit Pareek
Treasury & Banking
Mumbai
Summary
Career Vision: - To grow with the organization by utilizing self-skills, to have challenging work and develop new skills to achieve new heights with initiative and dynamism. Brief Overview - Experienced financial and Banking specialist with excellent analytical skills and results driven attitude. Expert in Trade Finance management and Treasury Operations. MBA in Finance with 9 years of professional experience in Finance Treasury and Banking with good working knowledge in SAP FI module.
Overview
10
10
years of professional experience
5
5
years of post-secondary education
Work History
Treasury & Banking
Welspun Corp Ltd
Mumbai
06.2022 - Current
- Arranging Suppliers Credit / Buyers credit quote from Financing Bank and calling offer letter from foreign/overseas bank for funding.
- Arranging / Negotiate Discounting Interest rate with Local Bank for Local Bill under LC.
- Maintains MIS like Inland and Import LC details, LC bill Payments, Buyers Credit, Suppliers Credit outstanding.
- LC Openings, Lodge Documents, collection of Bills direct and under LCs, Negotiation of Bills and Retirement of Documents.
- Monitored utilization of Fund based and Non-fund Based limit plan for drawing of funds.
- Deal with Bank Treasury Department & Booking FX rate for Foreign Payment like Import LC Bill payment, Buyers credit, CAD payment
- Arranging WCDL & Short Term Loan disbursement as per the Business requirement.
- Domestic / Export Guarantees - Bid Bonds, Advance and Performance.
- Export Documents – Checking the Documents as per LC terms, Submission to bank, lodgment and tracking for dispatch and MIS
- Tracking for Inward towards export and provide proper disposal instruction to Banks
- Handling of Foreign Remittances Inward and Outward.
- Supporting various Audit requirements and queries.
- Liaison with all Banks for ensuring effective delivery of the function and responsibilities
- Liaison with Supply Chain, CPCM and Marketing for key deliverables.
Treasury & Banking
Khosla Profil Pvt. Ltd
Mumbai
09.2021 - 05.2022
- Fund raising through EPC, PCFC, EBD, WCDL and Term Loan for working capital and project payments
- Term Loan – Disbursement, Documentation for pre & Post Disbursement, Project wise MIS, Cash flow for schedule Interest & Principle Payments
- Forward Contract Booking & Hedging of Funds and MIS.
- Stock Statement Submission to lead Bank and allocation the DP to consortium Banks
- Cash Flow Actual v/s Projected
- Export Documents – Checking the Documents as per LC terms, Submission to bank, lodgment and tracking for dispatch and MIS
- Disposal instruction to Banks for inwards (Discounting, Collection & Advance) and issuance of EBRC
- Clearance of Import Documents as per LC terms
- Letter of Credit -Inland & Foreign LC & Issuance Bank Guarantee and MIS
- Fund arrangement as per requirement & Optimum utilization of funds
- Credit Rating - Enhancement and Surveillance – Arrange data and submission to rating agency and follow-up for rating
- Monthly Banks and RBI compliance
- Maintain & control Bank wise fund base and non-fund base limit
- Foreign outward remittance to suppliers and consultants and preparation of A1, A2, 15CA, FEMA & Advance Import Deceleration and MIS
- MIS for fund base transaction such as Packing Credit, Foreign Bill Discounting, Loss or Profit on Forward Contract on Import or Export
- Internal and Statutory audit.
Treasury & Banking
Welspun India Ltd
Mumbai
08.2020 - 11.2020
- Term Loan – Disbursement, Documentation for pre & Post Disbursement, Project wise MIS, Cash flow for schedule Interest & Principle Payments
- State & Central Govt
- Grants – Tufs and State Govt
- Incentives
- Stock Statement Submission to lead Bank and allocation the DP to consortium Banks
- Cash Flow Actual v/s Projected
- Clearance of Import Documents as per LC terms
- Letter of Credit -Inland & Foreign LC & Issuance Bank Guarantee and MIS
- Fund arrangement as per requirement & Optimum utilization of funds
- Credit Rating - Enhancement and Surveillance – Arrange data and submission to rating agency and follow-up for rating
- Maintain credit limit, Debtors & Creditors Ageing in SAP
- Monthly Banks and RBI compliance
- Maintain & control Ban k wise fund base and non-fund base limit
- Internal and Statutory audit.
Treasury & Banking
Welspun Global Brands Ltd
Mumbai
02.2018 - 08.2020
- Central & State Government Grants
- Application of documentation, Submission with Banks & Govt
- Department
- Receipt of Subsidy and Utilization, Post Utilization documentation - End user certificate
- Fund Raising/Working capital: (Term Loan, WCDL - EPC & PCFC)
- Documentation for Pre & Post Disbursement, Project wise MIS
- Explore Pre Payment options for interest reduction, Fulfill statutory obligations
- Formulating annual budget and analysis projective & actual budget
- Export Documentations:
- Checking the Documents, Submission to bank, lodgement and tracking for dispatch and MIS
- Disposal instruction to Banks for inwards and issuance of EBRC
- Stock Statement & Drawing Power Allocation:
- Monthly Preparation and Submission of stock Statement, Allocation of DP, Follow-up with Lead bank to allocate DP to consortium Banks
- Complies and submission of document to stock auditor as per appointed by lead bank
- Foreign Remittance :
- Application of Remittance, Preparation of A1, A2, FEMA, 15CA & CB and other required form as per guidelines of RBI
- Letter of Credit and Bank Guarantee:
- Preparation of Inland and Foreign LC for Capex & Raw materials
- Issuance of Bank Guarantee -Preparation MIS
- Export/Import Forward Contract Booking & Hedging of Funds.
Finance and Accounts
Welspun India Ltd
Anjar
08.2013 - 01.2018
- Accounting of Term Loan, term Loan Interest /Working capital Interest / Principal Repayment, Accruals & TUF receivable, maintain MIS for quarterly & Yearly audit in SAP
- Reconciliation of Banks & Accounts with Vendors & our inter-companies, correspondence with vendors and respond to inquiries
- Monitoring of Fund position and ensuring optimum fund utilization through fund transfers on daily basis
- Preparing daily receipt and payment report related of all income and expenses on day to da basis
- Verification and Invoice booking of Raw material, Packing material, Dyes and Chemical, Stor & Spares
- Maintain Creditors & Debtors data, vendor ageing and GR/IR Report
- Preparing data for MSME vendors on yearly basis as per statutory auditor requirement and treatment of that accordingly
- Banking Operations: follow up with bankers for above mention all day to day transaction another compliance related issue.
Education
MBA - Finance And Banking
Rajasthan Technical University
Kota 07.2011 - 06.2013
BBA - Finance
Rajasthan University
Jaipur 07.2007 - 06.2010
Skills
Treasury Operation, Trade Finance Management, Fund Raising, Forex, FEMA & RBI Compliance, MIS Reporting
undefinedDate of Birth
15 Nov. 1990
Timeline
Treasury & Banking
Welspun Corp Ltd
06.2022 - Current
Treasury & Banking
Khosla Profil Pvt. Ltd
09.2021 - 05.2022
Treasury & Banking
Welspun India Ltd
08.2020 - 11.2020
Treasury & Banking
Welspun Global Brands Ltd
02.2018 - 08.2020
Finance and Accounts
Welspun India Ltd
08.2013 - 01.2018
MBA - Finance And Banking
Rajasthan Technical University
07.2011 - 06.2013
BBA - Finance
Rajasthan University
07.2007 - 06.2010
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