BANK GUARANTEE & LETTER OF CREDIT Executive

HARTEK GROUP; Singapore; On-site; EUR 50,000 - 80,000; Full time

Job summary

A leading engineering company in the power sector is seeking a Bank Guarantee & Letter of Credit Executive to manage bank guarantees and letters of credit. The ideal candidate will have at least 3-5 years of experience in this area, strong analytical skills, and a thorough understanding of finance. Candidates with a B.Com, M.Com, or MBA will thrive in this dynamic role, contributing to compliance with financial regulations and supporting operational banking activities.

Qualifications

• 3-5 years of hands-on experience in Letters of Credit & Bank Guarantees.
• Strong analytical and presentation skills.
• Knowledge of Tally & SAP software.

Responsibilities

• Management and processing of bank guarantees and letters of credit.
• Coordination with banks, handling queries and requirements.
• Verification of BGs and LCs, including extensions and amendments.

Skills

Analytical skills

Presentation skills

Ability to multitask

Education

B.Com, M.Com, or MBA

Tools

Tally

SAP

Job description

BANK GUARANTEE & LETTER OF CREDIT Executive

Company Description

Founded in 1991, Hartek Group is a leading Engineering, Procurement & Construction (EPC) company in the power sector, known for innovation and excellence. With a workforce of over 500 dedicated employees, Hartek has earned the Great Place to Work certification six times. The Power System division has executed over 350 Extra High Voltage (EHV) and High Voltage (HV) substation projects, significantly contributing to India's renewable energy and net-zero emissions goals. As a top player in the renewables sector, Hartek ranks among the Top 5 Rooftop Solar Installers in India, delivering clean energy solutions and manufacturing advanced electrical products.

Role Description

This is a full-time, on-site role located in the Mohali district for a BANK GUARANTEE & LETTER OF CREDIT Executive. The executive will oversee the management and processing of bank guarantees and letters of credit, ensuring timely execution and compliance with financial regulations. Responsibilities include managing credit control processes, analyzing financial data, coordinating with banks and customers, and maintaining accurate records. The role demands strong analytical skills and a thorough understanding of finance and credit management principles.

Role Overview

We are seeking a Bank Guarantee & LC specialist to join our growing team. This position is ideal for someone with strong expertise in letters of credit & bank guarantees.

Key Responsibilities

• Operational banking activities related to BGs / LCs
• Limit management for BGs / LCs
• Handling documentation for Bank Guarantees (ABGs/PBGs/CPBGs/EMDs) and LCs, both online and offline
• Finalizing LCs after verifying all related documents
• Issuance details and expiry management of BGs
• Verification of BGs and LCs, including extensions and amendments
• Verification of LC claims and BOE acceptance on vendor bills
• Verification and cancellation of BGs with banks
• Coordination with banks, handling bank queries and requirements
• Reviewing and negotiating guarantee wording with subsidiaries, legal, and banks to ensure compliance
• Monitoring BG activities daily and liaising with banks and subsidiaries for timely issuance and issue resolution

Key Skills & Requirements

• B.Com, M.Com, or MBA
• 3-5 years of hands-on experience in Letters of Credit & Bank Guarantees
• Strong analytical and presentation skills
• Knowledge of Tally & SAP software
• Ability to multitask and collaborate across departments

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