Team Member - Tower Controlling (LC & Banking)

To manage and monitor all Letter of Credit (LC), Bank Guarantee (BG), and banking-related transactions for the Tower Business Unit, ensuring timely processing, compliance, fund utilization, and effective coordination with banks, vendors, procurement, logistics, and internal stakeholders.
Key Responsibilities
Manage end-to-end processing of Domestic and Import Letters of Credit (LCs) for raw material and capital purchases.
Coordinate with banks for issuance, amendment, extension, negotiation, and closure of LCs and Bank Guarantees.
Monitor LC utilization, due dates, payment schedules, and associated banking charges.
Ensure compliance with banking regulations, company policies, and financial controls.
Prepare and maintain LC/BG trackers, banking MIS reports, and exposure statements.
Liaise with Procurement, Supply Chain, Accounts Payable, and Vendors for timely documentation and payments.
Review shipping documents, invoices, and supporting documents for LC negotiations and settlements.
Support working capital management by monitoring cash flow requirements related to LC and banking transactions.
Reconcile banking transactions, charges, interest, and related financial entries in ERP systems.
Assist in audits, statutory compliance, and internal control activities related to banking and treasury operations.

Experience
3 - 10 Years

Employment type
Permanent

Work arrangement
No