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IOL CHEMICALS AND PHARMACEUTICALS LIMITED

JOB DESCRIPTION

POSITION TITLE : Officer
LOCATION : Ludhiana

DEPARTMENT : Accounts & Finance
SUB- DEPTT : Operational Finance

JOB TYPE : Full time
Job Req ID : 2728

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Job Purpose: Responsible for managing all banking and foreign exchange activities related to import and export transactions. The role involves handling Letters of Credit (LCs), bank guarantees, remittances, trade finance documentation, RBI/FEMA compliance, coordination with banks, and ensuring timely realization and settlement of foreign exchange transactions.

Key Responsibilities:

Export Banking Operations

• Handle export documentation under Letter of Credit (LC), Documents against Payment (DP), Documents against Acceptance (DA), and Advance Payment terms.

• Scrutinize export documents as per UCP 600, ISBP, and Letter of Credit terms.

• Coordinate with banks for negotiation, collection, discounting, and realization of export bills.

• Monitor export bill realization and ensure timely closure in EDPMS.

• Follow up with banks for pending export payments.





• Trace inward remittances (MT103/MT202) and resolve payment-related discrepancies.

• Arrange issuance of Bank Realization Certificates (BRC/e-BRC) and other export-related certificates.

Import Banking Operations

• Open Import Letters of Credit (Sight, Usance).

• Process LC amendments.

• Arrange import remittances under Advance, DA, DP, and Open Account terms.

• Coordinate with banks for import bill retirement and acceptance.

• Ensure timely closure of import transactions in IDPMS.

• Verify shipping documents such as Commercial Invoice, Packing List, Bill of Lading, Certificate of Origin, Insurance Certificate, etc.

Documentation & MIS

• Maintain records of LC openings, amendments, remittances, export collections, and import payments.

• Prepare MIS reports on forex exposure, outstanding export bills, import liabilities, forward contracts.

Educational Qualification: M.Com/MBA (Finance).

📌 Officer (India)
🏢 IOL Chemicals and Pharmaceuticals
📍 India