Initiate and process Letters of Credit (LCs) with banks in coordination with procurement and sales teams.
Prepare and verify documentation for LC discounting, bill negotiation, and submission to banks.
Manage amendments, follow-ups, and closure of LCs.
Buyer's Credit
Arrange and process Buyer's Credit facilities for import transactions.
Coordinate with banks and overseas lenders for disbursements and repayments.
Bank Liaising & Facility Management
Handle all documentation and communication for working capital facility renewals and fresh banking facilities.
Maintain effective relationships with bank officials to ensure smooth processing of applications and documentation.
Banking Operations & Accounting
Record daily banking transactions and entries (payment, receipts, interest, charges) in the accounting system.
Reconcile bank accounts periodically and resolve discrepancies.
Monitor utilization of limits and provide periodic MIS reports to management.
Job Type: Full-time
Pay: Up to ?500,000.00 per month
Benefits:
Health insurance
Provident Fund
Work Location: In person
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