Assistant Manager

Role Objective:

Letter of Credit (LC)

Key Responsibilities:

• Letter of Credit (LC) Management:

• Prepare, review, and process LC applications in coordination with banks and internal stakeholders.
• Ensure timely opening, amendment, and closure of LCs as per contractual terms.
• Monitor LC expiry dates and ensure extensions or closures are handled promptly.
• Verify documents under LC for accuracy and compliance with UCP 600 and other relevant guidelines.

• Bank Guarantee (BG) Handling:

• Coordinate issuance, renewal, and cancellation of BGs with banks.
• Maintain accurate records of BGs, including validity, amount, and beneficiary details.
• Ensure BGs comply with contractual requirements and company policies.
• Track BG expirations and initiate timely renewals or releases.

• Banking & Compliance:

• Liaise with banks for LC/BG-related queries and negotiations.
• Ensure compliance with RBI guidelines, FEMA regulations, and internal audit requirements.
• Prepare periodic reports on LC/BG status for management review.

• Documentation & Record Keeping:

• Maintain proper documentation for all LC/BG transactions.
• Ensure accurate accounting entries related to LC/BG charges and related expenses.

• Cross-functional Coordination:

• Work closely with procurement, legal, and project teams to align LC/BG requirements with contracts.
• Support treasury operations for fund planning related to LC/BG margins.

Key Skills & Competencies:

• Strong knowledge of

  Letter of Credit (UCP 600)

  and

  Bank Guarantee processes

  .
• Familiarity with

  banking regulations, FEMA, RBI guidelines

  .
• Proficiency in MS Excel and ERP systems (SAP/Oracle preferred).
• Excellent communication and negotiation skills.
• Attention to detail and ability to manage multiple deadlines.

Qualifications & Experience:

• Education:

  MBA (Finance) / CA / ICWA / M.Com.

• Experience:

  4 to 6 years in Finance & Accounts with at least 2 to 3 years in LC/BG handling.

• Industry Preference:

  Manufacturing / EPC / Trading / Import-Export.