Key Responsibilities

LC Discounting & Trade Finance Operations

- Manage the endtoend LC discounting process, including document scrutiny, submission to banks, followup, and realization.
- Coordinate with banks to ensure timely discounting, acceptance, and settlement of LC-backed receivables.
- Resolve LC discrepancies, short payments, and bank observations in coordination with customers and internal teams.
- Maintain a detailed tracker of LC utilization, maturity dates, due dates, and pending recoveries.

Receivables Accounting & Control

- Oversee accurate accounting of trade receivables, including LC-backed, non-LC, and discounted receivables.
- Ensure timely posting, reconciliation, and aging analysis of customer accounts in ERP systems.
- Review and explicit open items, unapplied receipts, short/excess receipts, and debit/credit balance anomalies.
- Support month-end and year-end closing activities related to receivables and trade finance.

Continuous Follow-Up & Stakeholder Coordination

- Conduct continuous and structured follow-ups with:
- Customers for overdue payments, LC acceptance, discrepancy resolution, and remittances.
- Internal Sales, Logistics, and Commercial teams to close pending documentation and billing issues.
- Banks for discounting status, realization delays, interest debits, and charges.

- Escalate long-outstanding receivables, unresolved discrepancies,



and risk exposures to management with actionable insights.

Compliance, Audit & Reporting

- Ensure compliance with internal controls, bank requirements, and applicable accounting standards.
- Maintain complete and auditready documentation for LCs, discounting transactions, bank correspondence, and customer confirmations.
- Support internal audits, statutory audits, and bank audits by providing accurate data, explanations, and reconciliations.
- Prepare and circulate MIS reports on receivables aging, LC exposure, discounting costs, and collection efficiency.

Process Improvement & Risk Management

- Identify opportunities to improve receivables turnaround time and reduce DSO.
- Strengthen control mechanisms to minimize credit risk, revenue leakage, and operational delays.
- Assist in standardizing processes, trackers, and SOPs related to LC discounting and receivables management.

Key Skills & Competencies

- Strong knowledge of LC operations, trade finance, and receivables accounting
- Working knowledge of banking documentation, UCP norms, and ERP systems
- Excellent follow-up, coordination, and stakeholder management skills
- High attention to detail, accuracy, and compliance
- Ability to handle multiple priorities and tight deadlines
- Strong communication and escalation skillsRole & responsibilities

📌 LC discounting (Hyderabad)
🏢 Premier Solar Systems
📍 Hyderabad