Trade Finance & Letter of Credit (LC) Operations Executive
- Topgear Consultants
- 0 - 7 years
- Mumbai
- 14 days ago
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Job Description
Role & responsibilities
Location- Dahisar
To manage and execute trade finance operations related to Letters of Credit (LCs), including commercial invoice preparation, LC applications, document preparation as per LC clauses (including Clause 46A & 47A), bank realization documentation, vendor LC discounting, and vendor payment arrangements through banks and non-banking financial institutions, ensuring accuracy, compliance, and timely execution. 3. Key Responsibilities A. Letter of Credit Commercial Invoice & Document Preparation
- Prepare commercial invoices strictly in line with LC terms and conditions.
- Ensure invoice details (description, quantity, value, Incoterms, shipment details) match LC requirements.
- Coordinate with logistics, stores, and vendors to validate shipment and supply details.
- Prepare and compile LC-compliant document sets including invoices, packing lists, transport documents, and supporting certificates. B. LC Application for Purchase of Goods
- Prepare and submit Letter of Credit applications to banks for procurement of goods.
- Ensure LC terms align with purchase orders, contracts, and negotiated commercial terms.
- Coordinate with banks for issuance, amendments, and clarifications.
- Track LC issuance timelines and communicate with vendors regarding LC availability.
Preferred candidate profile
Banking documentation, LC negotiation, BRC/FIRC procedures
Key Performance Indicators (KPIs)
Accuracy and compliance of LC documents
Timely preparation and submission of invoices and LC applications
Number of discrepancies raised by banks
Turnaround time for BRC issuance
Efficiency in vendor LC discounting and NBFC payment processing Compliance & Governance
Job Classification
Industry: Industrial Equipment / Machinery (Construction Equipment)Functional Area / Department: Finance & AccountingRole Category: FinanceRole: Finance ExecutiveEmployement Type: Full timeContact Details:
Company: Topgear ConsultantsLocation(s): Mumbai
Keyskills: Letter Of Credit Trade Finance Export Documentation Trade Operations Export Finance LC Export Trade Finance Operations Lc Documentation
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