Sr. Executive/ Assistant Manager_ Trade Finance Operations

Premier Solar Systems Pvt Ltd; Hyderabad; On-site; INR 750,000 - 1,450,000; Full time

Job summary

Premier Energies Limited in Hyderabad seeks a self-starter to join the Finance team, reporting to the Senior Vice President - Finance. You will manage LC reviews, prepare covering letters and BOEs, and coordinate with banks for LC discounting while tracking LC orders.

The role requires M.Com/MBA Finance/CA Inter with treasury experience in manufacturing and at least 4 years in trade finance, plus strong communication for interaction with bankers and external stakeholders.

Qualifications

• M.Com/MBA Finance/CA Inter with treasury exposure in a manufacturing setup.
• Graduation with banking exposure for at least 4 years in trade finance.
• Moderate communication skills for interaction with bankers and external stakeholders.

Responsibilities

• Review Letters of Credit (LC) and LC drafts for discrepancies and suggest changes to streamline LC discounting.
• Collect documents under LC, prepare Covering Letter and Bill of Exchange (BOE), submit to bank for LC discounting and follow up for funds.
• Liaise with banks to gather information on pre-acceptance limits and plan LC discounting submissions.
• Drive LC acceptance by communicating pending acceptances with sales team and ensuring timely submission of documents like BOE.
• Prepare trackers for LC orders noting LC values, discounting status, and pending activities.
• Compile customer-specific data on discounted LCs and cross-check discounting charges with LC pricing to banks.

Skills

Treasury operations

Banking liaison

Communication skills

LC discounting

Document collection

Education

M.Com/MBA Finance/CA Inter with treasury exposure

Job description

Position Description

Premier Energies Limited is currently seeking a self-starter and an entrepreneurial candidate to be part of Finance team, based out of Hyderabad and reports to Senior Vice President - Finance.

Key Responsibilities include:

• Responsible for meticulously reviewing Letters of Credit (LC) and LC drafts received from the Sales team, identifying discrepancies, and suggesting necessary changes to streamline the LC discounting process, ensuring accuracy and compliance.
• Spearhead the collection of essential documents under Letters of Credit (LC) from the Sales team, meticulously prepare the Covering Letter and Bill of Exchange (BOE), and diligently submit the documentation to the bank for LC discounting. Additionally, proactively follow up with the bank to ensure the timely release of funds.
• Responsible for liaising with the bank to gather information on available pre-acceptance limits and strategically planning the submission of LC discounting documents to optimize the utilization of limits, ensuring efficient and timely processing.
• Drive the LC acceptance process by proactively communicating the list of pending acceptances with the sales team, ensuring timely submission of required documents like Bill of Exchange and facilitating seamless acceptance.
• Take charge of preparing comprehensive trackers for significant or continuous Letters of Credit (LC) orders, capturing crucial details such as LC values received, completed discounting transactions, and pending discounting activities. This ensures accurate monitoring and efficient management of the overall LC order lifecycle.
• Assume responsibility for compiling customer-specific data on discounted Letters of Credit (LCs), cross-referencing discounting charges with confirmed LC pricing to banks.

Position Trade Finance Operations

Take charge of promptly sharing LC discounting receipts data with the Accounts team, ensuring timely closure of Bank Reconciliation Statements (BRS) by actively follow up with banks to obtain pending debit advices.

Typical Qualifications

• M.Com/MBA Finance/CA Inter With relevant experience in treasury operations in any Manufacturing Company
• Any Graduation with Banking Experience for at least 4 years in Trade Finance
• Moderate Communication Skills as this position requires interaction with Bankers / External Stake holders.