Title: Manager - Documentation - Trading
Mumbai, IN
About Us
Tata International Limited is a leading trading and distribution company that has served the industry for over six decades, exemplifying its core values of Pioneering, Integrity, Excellence, Unity and Responsibility. We have our footprints in over 29 countries across the globe operating in diversified verticals from trading and distribution to manufacturing and retail, which offers our employees a dynamic environment rich in opportunities. Guided by the common threads of Tata Code of Conduct, we foster a collaborative and inclusive work environment that encourages personal and professional growth thus laying a strong foundation for creating a world-class organization where employees are respected and motivated to contribute to sustainable development.
Job Purpose
Ensure timely preparation / execution / negotiation of documents for smooth execution of the trades
Key Responsibilities
- Managing overall banking documentation for the minerals trading business.
- Well verse with mechanisms of International LCs and Domestic LCs (INR).
- Must be proficient in preparing documents in line with the LC and also check relevant documents received from third parties in line with the LC.
- Vetting LC’s against sales/ purchase contracts and advice amendments / corrections etc.
- Provide comments on Sale /Purchase contract related to documentations and Letter of credit.
- Opening letters of credit to suppliers on back to back basis and make any amendments required as the order progresses
- Preparing letter of credit opening instructions for customers and checking L/C is workable
- Well versed with USANCE / UPAS structure of LC
- Responsible for close coordination with operations and ensuring draft documents from suppliers are met and are as per line with that required for customer side negotiation
- Responsible for timely preparation /execution of documents
- Presenting clean documents against customer's letter of credit to ensure payment
- Laison with international Banks and local Indian banks.
- Following the order through to final payment
- Publishing reports to the management as per business requirement
- Providing the documents required for final assessment and follow-up.
- Monitor shipments and sent original BLs duly accomplished to the vessel owners after shipment is completed.
- Entering relevant data in system to monitor the status of transaction on hand
Educational Qualifications
Graduate with Professional qualification in MBA finance, preference – a course in documentation in CDCS
Desired Profile (Experience)
• 10+ years of experience in similar capacity
• Should have strong LC documentations and operations background
• Relevant experience in dealing with trade departments of banks with respect to documentation/ discrepancy resolution/ payment follow ups etc. required
• Individual contributor who can work independently
Industry Preference
Manufacturing/Trading/Supply chain