Assistant Manger Commercial & Finance

Job Purpose

The AM Commercial & Finance will be responsible for managing the company's banking operations, import activities, vendor/supplier management, payments, documentation, and commercial coordination. The position will ensure smooth financial and commercial transactions while maintaining strong relationships with banks, suppliers, vendors, and relevant government/regulatory departments.

Key Responsibilities

1. Banking & Financial Operations • Manage day-to-day banking transactions and correspondence with banks. • Handle LCs, bank guarantees, remittances, payments, and other banking instruments. • Coordinate with banks regarding import-related transactions and documentation. • Monitor bank accounts, payments, receipts, and outstanding obligations. • Maintain proper banking records and documentation. • Coordinate with Finance/Accounts for timely processing of payments.

2. Import Management • Manage the complete import process from purchase order to shipment clearance. • Prepare and verify import documentation including invoices, packing lists, BL/AWB, certificates, and related documents. • Coordinate with banks for opening and settlement of LCs. • Liaise with clearing agents, freight forwarders, shipping lines, and suppliers. • Monitor shipment schedules and ensure timely clearance of imported goods. • Coordinate with relevant government departments and regulatory authorities. • Track import costs, duties, taxes, freight and other associated expenses.

3. Vendor & Supplier Management • Develop and maintain strong relationships with local and international vendors. • Coordinate purchase orders, quotations, invoices, payments and delivery schedules. • Negotiate commercial terms, prices, payment conditions and delivery timelines. • Monitor vendor outstanding payments and resolve commercial issues. • Evaluate vendor performance and support development of reliable supplier networks. • Ensure vendor documentation and compliance requirements are properly maintained.

4. Commercial Management • Review commercial terms of purchase and supply agreements. • Coordinate with Procurement, Finance, Production and Management regarding commercial matters. • Monitor purchase prices, landed costs and other commercial expenses. • Identify opportunities for cost reduction and better payment terms. • Maintain proper records of contracts, purchase orders and commercial correspondence.

5. Compliance & Documentation • Ensure compliance with applicable banking, import, customs and regulatory requirements. • Maintain accurate and up-to-date commercial and import documentation. • Coordinate with internal/external auditors when required. • Ensure timely renewal and maintenance of relevant licenses, registrations and banking documents.

Key Performance Indicators (KPIs) • Timely processing of imports and shipments • Reduction in import delays and demurrage costs • Effective vendor payment management • Improved supplier payment terms • Accuracy of banking and import documentation • Cost savings through commercial negotiations • Timely LC opening and settlement • Compliance with banking and import regulations • Effective vendor/supplier relationships

Qualification • Bachelor's degree in Finance, Accounting, Commerce, Business Administration, Supply Chain or a related field. • MBA / ACCA / CA / ICMA or relevant professional qualification will be an advantage.

Experience • 5–8 years of relevant experience in commercial, import, banking, procurement or finance operations. • Strong experience in LCs, imports, banking transactions and vendor management. • Experience in a manufacturing, trading or industrial organization will be preferred.

Required Skills • Strong knowledge of Import & Export procedures • Excellent understanding of LCs and banking instruments • Vendor/supplier negotiation skills • Knowledge of customs and import documentation • Strong financial and commercial acumen • Good communication and interpersonal skills • Strong MS Excel and ERP skills • Ability to coordinate with banks, vendors, clearing agents and government departments • Strong analytical and problem-solving abilities • High level of integrity and attention to detail

Ideal Candidate Profile

The ideal candidate should be a commercially strong and hands-on professional who can independently manage the company's banking, import and vendor-related matters and coordinate effectively between Finance, Procurement, Suppliers, Banks, Clearing Agents and Management.

Job Type: Full-time

Pay: Rs70,000.00 - Rs100,000.00 per month

Application Question(s): • Did you send your cv with picture, your cv must containt your picture please.

Work Location: In person