Officer

IOL Chemicals and Pharmaceuticals Limited; gill village; On-site; INR 420,000 - 680,000; Full time

Job summary

IOL CHEMICALS AND PHARMACEUTICALS LIMITED in Ludhiana is seeking an Officer in Accounts & Finance to manage banking and foreign exchange activities related to import and export transactions, including LC handling, bank guarantees, remittances, RBI/FEMA compliance.

Ideal candidate has 2–3 years experience in export/import documentation, import/export banking operations, and foreign exchange transactions; M.Com/MBA (Finance) preferred; full-time role with cross-functional coordination with banks.

Qualifications

• 2–3 years of experience in export/import documentation (POST SHIPMENT).
• Hands-on experience in import/export banking operations and foreign exchange transactions.

Responsibilities

• Export Banking Operations: handle LC/DP/DA, scrutinize documents per UCP 600/ISBP, coordinate with banks for negotiation and realization, monitor export bill realization, follow up on payments, issue BRC/e-BRC.
• Import Banking Operations: open Import LCs, process amendments, arrange import remittances, coordinate with banks for retirement and acceptance, ensure timely closure in IDPMS, verify shipping documents.
• Documentation & MIS: maintain LC/opening/amendments/remittances/export collections/import payments records; prepare MIS on forex exposure and import liabilities.

Skills

Export documentation

Import documentation

Education

M.Com/MBA (Finance)

Job description

Job Description:

IOL CHEMICALS AND PHARMACEUTICALS LIMITED

JOB DESCRIPTION

POSITION TITLE :Officer

LOCATION : Ludhiana

DEPARTMENT :Accounts & Finance

SUB- DEPTT :Operational Finance

JOB TYPE : Full time

Job Req ID :2728

Job Purpose

Responsible for managing all banking and foreign exchange activities related to import and export transactions. The role involves handling Letters of Credit (LCs), bank guarantees, remittances, trade finance documentation, RBI/FEMA compliance, coordination with banks, and ensuring timely realization and settlement of foreign exchange transactions.

Key Responsibilities

Export Banking Operations

1. Handle export documentation under Letter of Credit (LC), Documents against Payment (DP), Documents against Acceptance (DA), and Advance Payment terms.
2. Scrutinize export documents as per UCP 600, ISBP, and Letter of Credit terms.
3. Coordinate with banks for negotiation, collection, discounting, and realization of export bills.
4. Monitor export bill realization and ensure timely closure in EDPMS.
5. Follow up with banks for pending export payments.
6. Trace inward remittances (MT103/MT202) and resolve payment-related discrepancies.
7. Arrange issuance of Bank Realization Certificates (BRC/e-BRC) and other export-related certificates.

Import Banking Operations

1. Open Import Letters of Credit (Sight, Usance).
2. Process LC amendments.
3. Arrange import remittances under Advance, DA, DP, and Open Account terms.
4. Coordinate with banks for import bill retirement and acceptance.
5. Ensure timely closure of import transactions in IDPMS.
6. Verify shipping documents such as Commercial Invoice, Packing List, Bill of Lading, Certificate of Origin, Insurance Certificate, etc.

Documentation & MIS

1. Maintain records of LC openings, amendments, remittances, export collections, and import payments.
2. Prepare MIS reports on forex exposure, outstanding export bills, import liabilities, forward contracts.

Educational Qualification

M.Com/MBA (Finance).

Experience:

1. 2–3 years of experience in export/import documentation (POST SHIPMENT).
2. Hands‑on experience in import/export banking operations and foreign exchange transactions.

Requirements: