BANK GUARANTEE & LETTER OF CREDIT Executive

Job Description

Company Description Founded in 1991, Hartek Group is a leading Engineering, Procurement & Construction (EPC) company in the power sector, known for innovation and excellence. With a workforce of over 500 dedicated employees, Hartek has earned the ‘Great Place to Work’ certification six times. The Power System division has executed over 350 Extra High Voltage (EHV) and High Voltage (HV) substation projects, significantly contributing to India's renewable energy and net-zero emissions goals. As a top player in the renewables sector, Hartek ranks among the Top 5 Rooftop Solar Installers in India, delivering clean energy solutions and manufacturing advanced electrical products. Role Description This is a full-time, on-site role located in the Mohali district for a BANK GUARANTEE & LETTER OF CREDIT Executive. The executive will oversee the management and processing of bank guarantees and letters of credit, ensuring timely execution and compliance with financial regulations. Duties include managing credit control processes, analyzing financial data, coordinating with banks and customers, and maintaining accurate records. The role demands strong analytical skills and a thorough understanding of finance and credit management principles. Role Overview: We are looking for a Bank Guarantee & LC specialist to join our growing team. This role is ideal for someone with strong expertise in letter of credit & bank guarantee. *Key Responsibilities: Overall Operational Banking •BGs /LCs Limit Management •Bank Guarantees (ABGs/PBGs/CPBGs/EMDs)/ LCs Documentation- Online/ Offline •Final LCs after checking all the related documents •Issuance detail and Expiry of BGs •/Verify of BGs/LCs extension/Amendments-Online/ Offline •Verify of LC Claim/BOE acceptance on vendor Bills -Online/ Offline •Checking and Verifying of LC Claim Payment -Online/ Offline •Verify of cancellation of BG to Bank -Online/ Offline •Verify discharge letters of Vendors BGs •Coordination with Bank , Handling Banker's querries & Requirements •Issuance of Bank Guarantees, Standby-LCs, Payment Guarantees, Export LC and other financial instruments. •Review and negotiate wording of Guarantees with group subsidiaries, legal and banks, to ensure adherence to standard terms and conditions. •Day-to-day monitoring of Bank Guarantee activity and liaise with banks and the group subsidiaries to ensure timely issuance of BG and issue resolution.• *Key Skills & Requirements:* •B.Com, M.Com, MBA •3-5 years of hands-on experience in Letter of credit & Bank Guarantee. •Strong analytical & presentation skills •Knowledge of Software Tally & SAP. •Ability to multitask and work across departments Show more Show less