Assistant Manager Export Receivables& MTT
2 weeks ago
Role & responsibilities
Key Responsibilities
Export Receivables Management Monitor export sales contracts, invoices, and payment terms (LC, DP, DA, advance, open credit). Track due dates and follow up with buyers/agents for timely collection. Coordinate with banks for negotiation, realization, and closure of export bills. Ensure proper accounting entries for export proceeds, forex gain/loss, and bank charges. Reconcile export receivables with buyer confirmations and bank statements. Manage unrealized export bills and submit necessary extension/EDPMS closure requests.
MTT (Merchant Trade Transactions) Receivables Track receivables for merchant trade exports against back-to-back supplier liabilities. Ensure compliance with RBI/FEMA guidelines for MTT (matching inward and outward remittances). Liaise with banks for smooth settlement of MTT transactions. Submission of documents to bank for processing the payment Maintain documentation for audits (contracts, invoices, shipping docs, payment proofs).
Compliance & Reporting Ensure adherence to FEMA, RBI, DGFT, and customs requirements. File export realization certificates (BRCs) and maintain EDPMS updates. Assist in statutory, internal, and external audits. Prepare periodic MIS reports on receivables aging, overdue status, and realization trends.
Coordination & Support Work with Exim/shipping team to reconcile documents (BL, invoice, packing list). Coordinate with finance & treasury for forex hedging and cash flow planning. Support management in credit risk evaluation of buyers and setting credit limits. Skills & Competencies Strong knowledge of export receivables cycle, LC documentation, and MTT compliance. Hands-on experience with banking portals (EDPMS, SWIFT, AD Bank portals). Good understanding of FEMA/RBI guidelines, Incoterms, and garment export practices. Analytical skills to prepare receivables aging and monitor overdue. Proficiency in ERP systems and MS Excel. Effective communication for buyer/bank follow-up.
Preferred candidate profile
B.Com / M.Com / MBA (Finance) or equivalent.
37 years (for executive/senior executive) or 8–12 years (for manager level) in export receivables within garment/textile industry.
Prior experience in handling export documentation, banking, and MTT transactions is preferred.
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