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Finance Manager - (LC/BG)

D Tech Management Resource
Mumbai
7-12 Years
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  • Posted 25 days ago
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Job Description

  • Key Responsibilities:
  • Letter of Credit (LC) Management:
  • LC Opening for Raw Materials: Liaise with bankers to open LCs for the purchase of raw materials, ensuring all documentation and applications are accurately processed and margin money is monitored.
  • LC Discounting: Arrange for LC Bill of Exchange Discounting for vendors, ensuring smooth execution and timely payments.
  • LC Payments: Track and execute LC bill payments as per due dates to ensure all payments are made within the stipulated timelines.
  • LC MIS Reporting: Maintain a daily LC MIS (Management Information System) to monitor the status of all LC transactions, payments, and upcoming due dates.
  • Sales LC Coordination: Coordinate with the factory and customers regarding the terms and conditions of LCs for sales, and manage coordination with various banks for LC bill discounting.
  • Bank Guarantees (BG) Management:
  • BG Opening: Liaise with bankers for opening Bank Guarantees (BG) for various tenders, ensuring all necessary documentation and applications are completed.
  • BG Extensions and Cancellations: Manage the extension and cancellation process of BGs with the banks as per project requirements.
  • BG MIS Reporting: Maintain a daily BG MIS to track the status of all BG transactions, including extensions, cancellations, and other key milestones.
  • Accounting & Documentation:
  • Transaction Accounting: Ensure day-to-day checking and accounting of LC and BG-related transactions, as well as other bank transactions, are recorded accurately.
  • CMA & Stock Statements: Prepare CMA (Credit Monitoring Arrangement) reports, Stock Statements, and other monthly and quarterly statements for banks.
  • Banking Schedules for Audit: Prepare various banking schedules for audit purposes, ensuring compliance with financial and audit regulations.
  • Bank Account Management:
  • Account Opening/Closing: Oversee bank account opening and closing activities for various locations, ensuring compliance with company policies and legal requirements.
  • Liaison & Coordination:
  • Act as the primary point of contact for liaising with bankers, vendors, and internal teams to ensure smooth LC and BG operations.
  • Maintain effective communication with suppliers, customers, and factories to ensure timely processing of LCs and BGs, addressing any issues that may arise.

More Info

Job Type:
Permanent Job
Industry:
Consulting
Role:
Finance Manager
Function:
Finance & Accounts
Employment Type:
Full time
Open to candidates from:
Indian

About Company

D Tech Management Resource

D-Tech Management Resource Pvt. Ltd. has been serving the industry since last 17 years with the strength of qualified, professional, and dynamic consultants. We have been forerunner in setting up and building organizations. Our clientele includes fortune 500 companies, and other domestic and international organizations in Oman, Mozambique, Uganda, Kenya and today we are exploring other countries who are global leaders in their industry segments.

Job ID: 124312027

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Last Updated: 30-01-2026 06:21:24 AM
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