Assistant Manager - LC & BG - F&A

Megha Engineering And Infrastructure; Hyderabad; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Megha Engineering And Infrastructure is seeking a Finance professional to manage LC and BG operations, ensuring compliance with company policies and contractual terms.

You will prepare LC applications, monitor expiry, coordinate BGs with banks, and ensure documentation and records are maintained, while aligning with treasury needs and ERP systems.

Qualifications

• Experience in LC/BG handling and related banking operations.

Responsibilities

• Manage Letter of Credit (LC) applications, amendments, and closures with banks and internal stakeholders.
• Coordinate issuance, renewal, and cancellation of Bank Guarantees with banks.
• Ensure compliance with RBI guidelines, FEMA regulations, and internal audits.
• Maintain accurate records of LC/BG transactions and related charges.

Skills

LC Management

BG Handling

UCP 600

RBI/FEMA Compliance

MS Excel

SAP/Oracle

Communication

Negotiation

Education

MBA (Finance)

CA

ICWA

M.Com

Tools

SAP

Oracle

Job description

Role Objective:

To manage and oversee all activities related to Letter of Credit (LC) and Bank Guarantee (BG), ensuring compliance with company policies, banking regulations, and contractual obligations. The role also involves supporting overall finance and accounting operations.

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.