TM Trade Finance Sr

Job Purpose Job Context & Major Challenges Key Result Areas KRA (Accountabilities) (Max 1325 Characters) Supporting Actions (Max 1325 Characters) KRA1 Review all trade finance transactions as an Checker -Review all Imports payments initiated by team over Trade on Net portals of Banks and ensure that the payments are as per the underlying documents and in compliant with regulatory guidelines.

-Review all issuances / amendments in Letter of Credit (LC) and ensure that they are as per the PO / Contract terms.

-Review all Bank Guarantee requisitions and ensure there is no onerous / adverse clauses and as per the underlying exposures. KRA2 Arrangement of Letters of Credit -To arrange draft and final import LCs after taking due care of PO terms
-To open LCs with Banks offering least charges.
-To keep track of Bankwise LC limits.
-To keep track of UCP guidelines referred in international trades. KRA3 Import Remittances -To release Advance, Collection and LC import payments after checking PO terms
-To coordinate with CPC and plants for import payment confirmation
-To arrange for amendment in POs wherever required
-To coordinate with CPC and plants for applicability of liquidated damages
-To comply with statutory guidelines
-To coordinate with cash flow team for arrangement of funds
-To coordinate with auditors for arrangement of certificate
-To intimate users the LC expiry dates.
-To arrange for LC amendments wherever required
-To arrange import remittance advices from Banks
-To verify LC charges as agreed with the Banks KRA4 Ensuring timely RBI IDPMS reporting for all Import payments. -Reconciliation of IDPMS records with import payments and providing documentary evidence to Banks.

-To coordinate with CPC for pending Bill of Entry for onward submission to Banks and coordinate with Banks for reconciliation.

-To resolve Bank queries pertaining to Bill of Entry. To track and follow statutory guidelines wrt Bill of Entry KRA5 Ensure Tax compliance -Ensure collecting Tax declarations from all suppliers and specified formats. Explain the need and clarify the queries of suppliers related to tax declarations.

-Review tax declarations received and evaluate taxability as per guidelines from tax team. Refer exceptional cases to Tax team for further obtaining an opinion and tax treatment. KRA6 Arrangement of Bank Guarantees -To arrange Bank Guarantees as per the requirement of users
-To open BGs with Banks offering least charges
-To coordinate with users and ensure expired BGs are returned
-To keep track of Bankwise BG limits.
-To verify Bank Guarantee charge as agreed with the Banks
-To arrange advices for BG charges
-To ensure BGs are updated in SAP KRA7 MIS -To prepare monthly import payment MIS
-To prepare LC and BG utilization MIS
-To prepare pending Bill of entry status
Qualifications:

Minimum Experience Level:
5-10 Years

Report to:
Manager