​ 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 ​ 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).

Experience:
• 2–3 years of experience in export/import documentation (POST SHIPMENT).
• Hands-on experience in import/export banking operations and foreign exchange transactions.

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