Finance - Associate

3 days ago


Kolkata, West Bengal, India Shyam Metalics And Energy Full time

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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