UltraTech Cement, a flagship company of the Aditya Birla Group, is a leading name in the global cement industry. With a commitment to excellence, innovation, and sustainability, UltraTech is expanding its team in the UAE and looking to hire a skilled Assistant Manager / Senior Officer – Banking at its Jebel Ali, Dubai office.

This role demands a finance professional with robust experience in banking operations, funds management, trade finance, and compliance. The ideal candidate should be proactive, detail-oriented, and capable of handling cross-functional coordination to ensure timely and accurate financial operations.

Key Responsibilities:

Funds Management:

• Prepare cash flow forecasts to ensure optimal fund utilization across business units.

• Review entity-wise bank reconciliations (BRS) and highlight open items for appropriate accounting actions.

• Track customer cheques and process vendor payments to meet due dates.

Trade Finance & Working Capital:

• Handle Letter of Credit (LC) documentation, including verification, negotiation with banks, and processing for both imports and exports.

• Manage LC amendments and ensure compliance with Inco terms and UAE banking regulations.

• Process import payments (LC/CAD) in a timely manner.

• Prepare interest provisions and generate trade facility utilization reports for management reporting (MIS).

Banking Operations:

• Coordinate with banks to ensure smooth and timely execution of online payments.

• Resolve bank queries efficiently and verify payee bank details, including swift codes and IBANs.

• Track and review bank advices and ensure accurate payment processing.

Insurance Management:

• Liaise with insurance brokers and internal departments to manage timely renewals of all general and corporate insurance policies.

• Ensure continuous coverage across medical, property, personal accident, and marine insurance.

• Maintain full compliance and mitigate financial exposure through proper insurance enforcement.

Month-End and MIS Reporting:

• Prepare and submit monthly reports, including:

  • Monthly Borrowing & Interest MIS

  • Bank Reconciliations

  • Working Capital Utilization

  • Monthly Interest Provisions

Qualifications and Experience:

• Minimum 5 years of relevant experience in banking and finance functions.

• Educational qualifications: CA Intermediate or B.Com.

• Strong understanding of UAE banking systems and financial regulations.

• Proficiency in trade finance documentation and ERP systems.

• Excellent coordination, communication, and reporting skills.

This position offers a dynamic work environment within a globally respected organization and an opportunity to contribute to high-impact financial operations.