Experience
- At least 5 years
- The applicants should have experience in the following business area(s): Garments
Education
- Master of Commerce (MCom)
- Master of Business Administration (MBA)
- Master of Business Management (MBM)
- Master of Professional Finance (MPF)
Requirements
- At least 5 years
- The applicants should have experience in the following business area(s): Garments
Skills Required
Additional Requirements
- Age 25 to 35 years
Required Skills and CompetenciesStrong practical knowledge of export-import procedures and commercial documentation.Good understanding of foreign LC and local LC procedures, including document checking and discrepancy resolution.Knowledge of Bangladesh Bank requirements, customs procedures, NBR regulations, and relevant import-export rules.Strong coordination and communication skills with banks, suppliers, buyers, and service providers.Excellent record-keeping, organizational, and deadline-management skills.Proficiency in Microsoft Excel, Word, email, and commercial reporting.Ability to prepare shipment trackers, LC registers, payment schedules, and documentation checklists.High level of accuracy, honesty, confidentiality, and accountability.Ability to work independently and solve documentation-related problems.Preferred QualificationsExperience in an export-oriented manufacturing company.Experience handling local LC transactions for factory raw materials and accessories.Familiarity with Bangladesh's import-export documentation and applicable banking procedures.Experience working with ERP, inventory, or commercial management software.Good written and spoken English for communication with foreign buyers, suppliers, and banks.Key Performance ExpectationsAccurate and timely preparation and submission of commercial documents.Zero avoidable documentation discrepancies and missed deadlines.Timely follow-up of LC opening, amendments, shipment clearance, and payment settlement.Proper maintenance of commercial files and transaction registers.Smooth coordination among Commercial, Accounts, Procurement, Store, Production, banks, and external service providers.
Responsibilities & Context
Job Summary
Innoflow BD Ltd. is looking for an experienced, responsible, and detail-oriented Commercial Officer to manage the company's complete commercial operations, including export-import documentation, foreign and local Letter of Credit (LC) transactions, bank coordination, customs clearance, shipping documentation, and local procurement of raw materials and factory supplies.
The selected candidate must be capable of handling commercial documentation independently, maintaining accurate records, coordinating with banks, suppliers, buyers, C&F agents, freight forwarders, and other relevant parties, and ensuring that all commercial transactions comply with applicable rules and deadlines.
Key Responsibilities
1. Export Documentation
Prepare, check, and maintain export-related documents, including commercial invoices, packing lists, EXP forms where applicable, certificates of origin, and other required shipping documents.
Coordinate export shipments with buyers, banks, freight forwarders, shipping lines, and C&F agents.
Handle export documents required for LC, TT, and other approved payment arrangements.
Check LC terms and conditions and ensure that export documents comply with the relevant LC requirements.
Coordinate preparation and submission of documents within the required shipment and banking deadlines.
Follow up on export proceeds realization and maintain shipment-wise documentation records.
2. Import Documentation and Foreign LC
Handle import documentation for raw materials, fabrics, accessories, packaging materials, machinery, spare parts, and other factory requirements.
Coordinate foreign LC opening, amendments, document checking, and settlement with the company's authorized bank.
Liaise with suppliers, banks, freight forwarders, insurance companies, and C&F agents.
Review proforma invoices, purchase orders, commercial invoices, packing lists, bills of lading or air waybills, certificates of origin, insurance documents, and other required import documents.
Monitor shipment schedules, document arrival, customs clearance, and delivery to the factory.
Maintain import files, payment records, and shipment tracking reports.
3. Local LC and Domestic Procurement
Handle local procurement documentation and local LC transactions for purchasing raw materials, fabrics, accessories, packaging materials, and other factory supplies.
Coordinate with local suppliers, purchasing teams, banks, and relevant departments for LC opening, amendments, document submission, and payment settlement.
Collect and verify supplier quotations, proforma invoices, purchase orders, VAT invoices, challans, delivery notes, and other supporting documents.
Follow up on material delivery schedules and ensure that required documents are available for payment processing.
Maintain supplier-wise and purchase-wise records of local LC transactions, bills, payments, and outstanding liabilities.
Coordinate with Accounts, Finance, Procurement, Store, and Production departments to ensure timely material procurement.
4. Bank Coordination and Financial Documentation
Maintain regular communication with authorized banks regarding import and export transactions, LC facilities, document negotiation, retirement, payment settlement, and related banking matters.
Prepare and submit required documents to banks within prescribed deadlines.
Maintain records of LC limits, outstanding LCs, import payments, export proceeds, bank charges, and transaction status.
Coordinate with the Finance and Accounts departments for reconciliation and settlement of commercial transactions.
Ensure accuracy and completeness of all banking documents and promptly resolve discrepancies.
5. Customs, Shipping and Regulatory Compliance
Coordinate with C&F agents, freight forwarders, shipping lines, and customs authorities for import clearance and export shipments.
Maintain and verify relevant customs, shipping, and regulatory documents, including bills of entry, shipping bills, and other applicable declarations.
Ensure that documentation and transactions comply with applicable Bangladesh Bank, customs, NBR, and other relevant regulatory requirements.
Track regulatory changes affecting the company's commercial operations and promptly inform management.
Maintain organized physical and digital records for audit, compliance, and management review.
6. Reporting and Record Management
Prepare daily, weekly, and monthly commercial activity reports.
Maintain an updated register of import and export shipments, foreign LCs, local LCs, supplier payments, bank submissions, and pending documentation.
Track document submission deadlines, shipment ETAs, payment due dates, and outstanding issues.
Maintain proper filing systems and ensure that all commercial documents are easily retrievable for audits and management review.
Perform other commercial duties assigned by management.