Trade Finance operation Specialist

Hrassistance India Consultancy Llp; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

Hrassistance India Consultancy Llp in Mumbai seeks a Trade Finance professional to manage end-to-end LC transactions, including invoice preparation and coordination with banks and customers.

Responsibilities include checking LC documents per UCP600 and ISBP, handling acceptance and payments, and liaising with operations and international team to minimize discrepancies.

You will support TF and accounts teams and handle bank-related admin and KYC tasks.

Responsibilities

• End-to-end LC transaction handling including invoice and other LC docs preparation, coordinating with Bank/Customers and internal teams.
• Checking LC documents per UCP600 & ISBP; handling documents for acceptance and payments; minimizing discrepancies with Operations.
• Review L/C and documents to ensure accuracy and conformance to UCP600 & ISBP regulations.

Job description

Job Description

• End to end transaction handling including invoice and other LC docs preparation, talking to Bank/Customers, Preparation of Documents, regular coordination internally and externally etc.
• Handling making and checking for LC documents as per UCP and ISBP, handling documents for acceptance and payments. Suggesting and interacting with Operations on a daily basis to minimize discrepancies.
• Checking of Import & Export LC issuance and confirmations - Handling entire life cycle of transactions from Import LC checking, issuance, Open account payments / loans, export LC checking, advising, confirming, presentation of documents, discounting and receipt of funds.
• Review L/C and documents to ensure accuracy and conformance to UCP600 & ISBP regulations.
• Responsible for preparation of trade documents such as invoice, bill of exchange & beneficiary certificates according to terms of export letter of credit received from buyers. Preparation of cover letter & export LC negotiation form as required by banks.
• Liaise with deal owners & Indonesia operation team with regards to documents preparation including ensuring trade documents such as bill of lading & certificates are uploaded onto department system timely.
• Ensuring non-negotiable copy of documents required under export letter of credit are emailed over to buyer before deadline specified in export letter of credit.
• From time to time, assist with presentation of export documents at bank trade counter.
• Support TF & Accounts team on transaction and entries
• Bank Related Administration & KYC