Assistant Manager - Commercial Operations

Assistant Manager- Commercial

Responsibilities

LC and Contract Executive

• Credit Management
• Create and issue Letters of Credit (LCs) in accordance with internal guidelines and contractual terms
• Prepare inland LCs to support domestic trade transactions, adhering to regulatory and contractual guidelines
• Maintain accuracy and completeness of the LC documentation
• Conduct negotiations with customers regarding LC discounting, premiums, and related terms to facilitate smooth financial transactions
• Monitor and ensure the timely payment of LCs, coordinating with relevant stakeholders (Finance & Accounting, Marketing) and external stakeholders (customers, banks) · Submit and negotiate for documents for LCs, as required
• Follow up and coordinate for LC amendments, payment swifts and LC transmissions Maintain Management Information Systems (MIS) for LCs and payments
• Raise escalations in case of any delays of LCs/payments
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• Contract Management
• Review and vet purchase/sales contracts, ensuring alignment with organizational objectives and risk management strategies
• Collaborate with legal teams to address contract-related legal matters
• Work closely with the finance department to assess and determine transfer pricing strategies and valuations for international trade transactions
• Maintain a well-organized contract repository, ensuring easy access to relevant contract documentation
• Implement management information systems (MIS) for efficient contract tracking and management
• Provide legal teams with all relevant contract information, terms, and documentation to support legal analysis and compliance
• Advise the concerned team for currency hedging (if required) to mitigate currency risks associated with trade contracts
• Amend contracts as necessary to accommodate changes in business conditions, regulations, or customer requirements basis necessary approvals
• Manage all contract modifications and ensure that they are appropriately documented and communicated to relevant parties
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• Digitisation and Automation
• Support comprehensive digitization strategies to optimise operational efficiency
• Innovate and implement automation solutions to support overall organisational goals / strategy
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Key Stakeholders Internal:

• Finance and accounting
• Marketing
• Customs
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Key Stakeholders External:

• Customers
• Suppliers/ Vendors
• External Agencies

Qualifications

Education Qualification:

• Post-Graduation

Work Experience (Range of years):

• 3-5 Years of experience