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Experience: 14-17 Years | Salary: INR Client is one of the best paymaster in the Industry | Opening(s): 1 | Posted Date : 2019-02-01
Hiring For One of the Leading MNC.
Job Description
  • Managing Banking Relationship - Liaise and co-ordinate with bankers for utilization of working capital and other facilities and documentation for borrowing facilities.
  • Collaborating with Banks on eBRC and providing MIS for export benefits.
  • Controlling operations of Export finance entailing creation of LC, BOE Preparation, BOE accounting, BOE resolving discrepancies and associated activities.
  • Monitoring of L/C’s drawn/ advised by the advising bank.
  • Monitoring scrutiny and negotiation of export documents.
  • Monitoring of Export Advances received and servicing the same within a period of one year.
  • Following up with the Marketing Team on issues related to export realizations, receipt of Letter of credit, amendments required from time to time and renewal of contracts.
  • Monitoring all Foreign Inward / Outward remittances which include Letter of Credit, Import Bills, Export Bills, Remittances, SWIFT Operations etc.,
  • Monitor import payment activities related to following -
  1. LC Opening and amendment,
  2. Foreign payments
  3. Supplier credit documentation
  4. Payment related MIS
  • Maintain and update Letter of credit register, perform accounting entries for payment and bank charges in timely manner
  • Generate various imports payment related reports such as utilization, liability, etc.
  • Identify opportunities for improvement in processes and systems, and make recommendations to improve the efficiency and service levels of the team.
  • Follow the operational processes, procedures, checklists and SoA as specified to perform imports payment related activities
  • Monitor documentation process for compliance with agreed policies.
Desired Profile
  • Experience in end to end process of Trade Finance
  • Experience in handling a team of 15 to 20, or more
  • In-depth knowledge of all statutory guidelines (RBI) related to Cross Border Trade including ICC Rules and Regulations
  • Proficiency in Foreign Exchange Management, Trade Finance Operations, Hedging, Transaction Banking Operations and executing Treasury Transactions for exports
  • Proficiency in concepts of Exchange Control / UCPDC / FEMA Regulations
  • Experience in monitoring the issuance of all types of Letters of Credit, Guarantees, LC Confirmations, Transfer of LCs
  • Working knowledge about EDPMS & IDPMS.

Reference ID - GH/EPC/JC//29112018//80039/AGM Trade Finance

Industries TypeBasic Materials
Role AGM Trade Finance - With Leading Basic Materials Industry Client
Skills export and import
Functional Area Finance and Accounts
Education Graduation in Commerce is compulsory, MBA Finance / CA /CMA/CS
Location Mumbai
Keywords export and import
Contact HR
Telephone 01146547700
Reference id GH/EPC/JC//29112018//80039/AGM Trade Finance