Chief Financial Officer - Metals Trading

About Company

Created in 2007, Neuerth Group is a young and dynamic organization with presence and operations in Europe, Africa, Middle East and Asia.

The Group is a prominent player in secondary metals trading and recycling market in Africa and Middle East with a strong client base across Asia.

On the back of its success in the metals industry, Neuerth has diversified into mining, infrastructure and education.

Led by a dynamic and highly experienced management team, Neuerth aims to aggressively expand its operations and become a globally recognised brand in next 5 years.

Job Description

PROJECT FINANCE

- Raising funds for Project Finance and prepare comprehensive financial models for various projects to deliver cash flow forecast, scenario analysis, risk assessment and return analysis.

- Work closely with the project development team to identify, analyse and execute the most optimum financing solution for projects (including debt and equity).

- Coordinate with finance providers on due diligence, term sheet negotiations and documentation.

- Coordinate the drawdown/repayment formalities for debt facilities and to monitor compliance with financing conditions and obligations.

- Support senior management on various financing related matters on an ongoing basis.

TRADE FINANCE

- Responsible for Raising funds for Trading.

- Initial scrutiny of trade finance transactions like LC, BG, collection Bills etc with regard to documentation and credit arrangement letter with the clients.

- Coordinate with the Trade service unit for timely processing of transactions.

- To execute and monitor end to end service delivery of trade finance transactions.

- Tracking LC bills and arranges to make payment coordinating with treasury, customer/RM and Trade service unit. To handle customer/RM queries.

- Provide reports to the internal and external audit with regard to unfunded transactions.

- Monitoring recoverable of LC and BG commission and reporting to Business head.

- Provide inputs for country risk monitoring reports with regard to unfunded transactions.

- Execute projects related to trade finance operations, ensure their timely completion, achievement of objectives and cost efficiencies.

- Execute transactions within pre-set standardized turnaround times for all trade finance activities and service level agreements with business units.

- Review department delivery processes with a view to ensure smooth workflow within the department, reduce turnaround times and achieve efficiency and cost benefits.

- Ensure that all transaction processing is in compliance with regulatory and Bank’s policies, procedures and standards with prompt intervention to resolve problems/ concern areas.

- Ensure proper check and balance approach for trade finance processes.

- Monitor customer trade transactions, settlements and report any exceptions to concerned unit.

- Develop and maintain relations with partner banks and Central Bank in order to facilitate and ensure smooth working support and quick resolution of issues/ concern areas.

ACCOUNTING

- Assist in the establishment of robust financial accounting systems so as to provide timely, accurate and consistent inputs for management reporting.

- Manage and over see the effective implementation of basic accounting systems such as payables, bill passing, reconciliation, preparation of vouchers, book keeping entries into the respective ledgers etc. in line with the accounting standards and organizational guidelines.

- Ensure adherence to the prescribed accounting systems at the location.

- Develop relationships with the financial institutions/auditors.

AUDITING

- Ensure timely completion of external statutory audits of Country records and facilitate coordination with auditors for the same

- Monitor and facilitate the scheduling of the audit in the financial domain and facilitate the audit by replying to the queries raised by the external auditors.

- Review financial and audit reports and ensure that the senior management is adequately informed about the policy, process and system risks

- Coordinate execution of internal audits for Country level operations.

- Assist in audit reviews across all units and highlight any deviations.

- Monitor corrective action on non compliance areas highlighted in audit reports.

TAX COMPLIANCE

- Ensure compliance to all tax laws (Direct & Indirect) including documentation and filing timely & accurate returns for Country operations

- Ensure swift and cost-effective resolution of taxation related legal challenges

- Interface with statutory authorities for all compliance requirements i.e. service tax, excise, customs duty etc. applicable to the Country

- Ensure reconciliation of the book entries of all direct and indirect tax payments

- Keep abreast with changes in the tax laws in the designated Country and evaluate their implication on operationsto provide inputs to the Corporate Finance Team

- Interact with tax authorities to facilitate tax assessment

MIS & DOCUMENTATION

- Ensure timely preparation of all required financial MIS and Statements; Plan for timely finalization and closure of books of accounts

- Prepare MIS for required purpose for submission to senior management as per the specified format and frequency

MULTIPLE LOCATION: India, UAE, Angola (Africa), United States

Note: Candidates kindly mention the preferred location and must have valid Citizenship/Visa/PR for the same.

Knowledge, Skills and Desirable Requirements

- Raising of Funds for the projects and trading using various banks and other sources outside banking system

- Should have excellent network in banking industry in local markets

Experience in handling limits consisting of Bank Guarantees & LC including understanding of:

- Spot Payment, Usance LC, DCF evaluations (Discounted Cash Flow Method)

- OCC – Open Cash Credit facilities; Term Loan facilities

- Bill discount facilities (Purchase Bills & Transfer Receipts)

- Knowledge of third Party working capital utilization (PE & VC funding desirable)

- Experience in Balance Sheet management of minimum 35 – 40 Million USD

- Experience of fund mobilization

- Knowledge of Tender Document preparation; preparing Bank proposals, Techno Economic Viability reports (TEVs)

- Business acumen (country economy, metal trading and recycling industry trends & competitor analysis); Commercial Acumen; Negotiation Skills

- Ability to manage critical partnerships with local banksand statutory bodies

- Should be conversant in Local Language

- Should have a valid passport and VISA

- Exposure to ERP systems

- Knowledge of handling financial restructuring and work experience in a start up organization

- Understanding of management accounting and financial reporting, local laws and regulations and other external agencies’ regulations, as applicable to the financial activities of the organization.

Kindly submit your updated CVs at ritesh.babu@neuerthgroup.com

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