Finance - Associate
3 days ago
Department: Finance & Accounting
Role: Executive-Trade Finance
Reporting to : GM/AGM Finance
No of Vacancies: 2
Qualification & Experience:
- Qualification: B.Com / M.Com / MBA (Finance) or equivalent.
- Experience: 25 years of experience in Trade Finance operations in a manufacturing/export company or bank.
Skills & Competencies:
- Strong knowledge of LC, BG, UCP 600, ISBP, and other trade finance rules.
- Familiarity with banking operations, forex transactions, and documentation.
- Good communication and coordination skills with banks, suppliers, and logistics partners.
- Proficiency in MS Excel, ERP systems (SAP/Tally), and reporting tools.
- Attention to detail and high accuracy in documentation.
Key Responsibilities:
1. Letter of Credit (LC) Management
- Draft, review, and scrutinize LC terms (both import & export) to ensure compliance with contractual and UCP 600 guidelines.
- Coordinate with buyers, suppliers, and banks for LC opening, amendment, negotiation, and retirement.
- Ensure all supporting documents are accurate and complete for LC negotiation.
Bank Coordination
- Process import remittances, advance payments, and LC settlements as per RBI & FEMA guidelines.
- Coordinate with banks for issuance of BGs (Bank Guarantees), SBLCs, and other trade finance instruments.
- Manage foreign currency transactions and update forex position reports.
4. Compliance & Record Management
- Ensure compliance with FEMA, RBI, and internal company policies related to trade finance.
- Maintain proper records of all trade transactions, LC utilization, and bank correspondence.
- Assist in internal and statutory audits related to trade transactions.
5. MIS & Reporting
- Prepare periodic reports on trade finance exposure, bank limits utilization, and foreign exchange movement.
- Support treasury and finance teams in cash flow forecasting related to trade operations.
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