TM Forex

We have an opportunity for TM Forex in Ultratech Cement Ltd, based out of Mumbai Location.

Interested applicants can refer to below given job description -

Job Description :

Booking Currency Forward Contracts with Banks as per the given mandate :

Booking Forward Contracts in Dollars, Euro and other exposure currencies to cover imports and exports. Ensuring coverage within the mandated range on a daily basis. Endeavoring for best optimization from the mandated levels.-Negotiating on Forward premia for best strike in the bid-ask range

Contract utilization and fixing spot prices :

Taking reporting of daily payment of Imports, services and exports realization from Trade Finance team, Accounts team and Exports department.-Indenting earmarked forward covers, advising bank for utilization against reported payments and negotiating early delivery

premia refunds. Fixing spot prices for immediate reporting and small value payments, against which no contracts are there. Negotiating on Spot-Tom and Tom Next levels and optimizing from bid-ask range.

Tracking markets and getting updates from Bank Analysts, Forex Dealers:

Reading daily updates, Views and technical charts from Banks and Analysts, speaking daily to Forex dealers taking updates on market and key events.-Filter inputs, frame a view on expected daily movement range, discuss with the manager and obtain mandates for open position coverage.

Prepare reports and reconciling with Back office :

Reading daily updates, Views and technical charts from Banks and Analysts, speaking daily to Forex dealers for taking updates on market and key events.-Filter inputs, frame a view on expected daily movement range, discuss with the manager and obtain mandates for open position coverage.