Executive/Senior Executive - Foreign Bill Verification

Job Description

Title: Executive/Senior Executive - Foreign Bill Verification

Company Name: Walton Hi-Tech Industries PLC.

Vacancy: --

Location: Dhaka (Basundhara RA)

Salary: Negotiable

Experience:
∎ 2 to 3 years

Published: 9 Apr 2025

Education:
∎ BBS/MBS accounting with CA CC
∎ PGD in supply chain will be preferable
∎ BBS/MBS accounting with CA CC
∎ PGD in supply chain will be preferable

Requirements:

Additional Requirements:
∎ Well-versed in Trade Finance products, as well as UCP 600, ISP 98, and URR 725.
∎ Good understanding of various SWIFT message types.
∎ Well-versed in Trade Finance products, as well as UCP 600, ISP 98, and URR 725.
∎ Good understanding of various SWIFT message types.

Responsibilities & Context:
∎ Check and verify that all documents comply with the terms and conditions of the Letter of Credit (LC), import procedures, international trade regulations, and company policies.
∎ Conduct thorough scrutiny of pre-import documents, along with historical data analysis for price assumptions using comparative statements.
∎ A comprehensive understanding of the conditions and terms of letters of credit provided by banks or other financial institutions.
∎ Ensure all submitted documents comply with LC requirements, and address any discrepancies promptly.
∎ Review and confirm all bank proposals related to new limits, limit enhancements, specific limits, LC limits, non-funded limits, takeovers, and renewals.
∎ Track and monitor every step of the shipping process, including the estimation of the time needed and the date of dispatch.
∎ Interconnect with exporters, shipping companies, and other pertinent parties to correct anomalies in documents and acquire any clarifications that are required.
∎ Ensure efficient processing, communicate with internal divisions including SCM, Finance & Accounts, bill verification, and compliance.
∎ Determine and evaluate any potential risks connected with the verification process, such as credit, legal, and compliance concerns and take the necessary steps to reduce these risks.
∎ Maintain accurate records of all verified documents and transactions related to Foreign Purchase bill.
∎ Identify opportunities for cost optimization at every stage.
∎ Calculate LC amendments (if necessary), late fees, actual payments, etc.
∎ Perform post import cost analysis, Variance, total import cost, unit cost, cost variance etc.
∎ Prepare LC Cost sheet, delay calculation, port demerge, shipping demerge, Debit note issue to supplier/adjust with payable amount and take approval from Reporting Supervisor and Managing Director after reaching the warehouse.
∎ Compare the quantity received to the purchase order or list, identifying any discrepancies or shortages, and issuing a debit note to the supplier or adjusting the payable amount
∎ Continuously evaluate and improve the efficiency and effectiveness of the LC bill verification process.
∎ Stay updated on changes in international trade regulations and banking practices.
∎ Prepare regular reports on the status of LC bill verification processes, including performance metrics and compliance issues.
∎ Ensure all individual LC files are updated in soft copy & Hard Copy.
∎ Check and verify that all documents comply with the terms and conditions of the Letter of Credit (LC), import procedures, international trade regulations, and company policies.
∎ Conduct thorough scrutiny of pre-import documents, along with historical data analysis for price assumptions using comparative statements.
∎ A comprehensive understanding of the conditions and terms of letters of credit provided by banks or other financial institutions.
∎ Ensure all submitted documents comply with LC requirements, and address any discrepancies promptly.
∎ Review and confirm all bank proposals related to new limits, limit enhancements, specific limits, LC limits, non-funded limits, takeovers, and renewals.
∎ Track and monitor every step of the shipping process, including the estimation of the time needed and the date of dispatch.
∎ Interconnect with exporters, shipping companies, and other pertinent parties to correct anomalies in documents and acquire any clarifications that are required.
∎ Ensure efficient processing, communicate with internal divisions including SCM, Finance & Accounts, bill verification, and compliance.
∎ Determine and evaluate any potential risks connected with the verification process, such as credit, legal, and compliance concerns and take the necessary steps to reduce these risks.
∎ Maintain accurate records of all verified documents and transactions related to Foreign Purchase bill.
∎ Identify opportunities for cost optimization at every stage.
∎ Calculate LC amendments (if necessary), late fees, actual payments, etc.
∎ Perform post import cost analysis, Variance, total import cost, unit cost, cost variance etc.
∎ Prepare LC Cost sheet, delay calculation, port demerge, shipping demerge, Debit note issue to supplier/adjust with payable amount and take approval from Reporting Supervisor and Managing Director after reaching the warehouse.
∎ Compare the quantity received to the purchase order or list, identifying any discrepancies or shortages, and issuing a debit note to the supplier or adjusting the payable amount
∎ Continuously evaluate and improve the efficiency and effectiveness of the LC bill verification process.
∎ Stay updated on changes in international trade regulations and banking practices.
∎ Prepare regular reports on the status of LC bill verification processes, including performance metrics and compliance issues.
∎ Ensure all individual LC files are updated in soft copy & Hard Copy.

Compensation & Other Benefits:
∎ Mobile bill
∎ Profit share
∎ Provident fund
∎ Insurance
∎ Lunch Facilities: Partially Subsidize
∎ Salary Review: Yearly Festival
∎ Bonus: 2
∎ Mobile bill
∎ Profit share
∎ Provident fund
∎ Insurance
∎ Lunch Facilities: Partially Subsidize
∎ Salary Review: Yearly Festival
∎ Bonus: 2

Workplace:
∎ Work at office

Employment Status: Full Time

Job Location: Dhaka (Basundhara RA)

Company Information:
∎ Walton Hi-Tech Industries PLC.
∎ Dhaka Corporate Office: Plot-1088, Road # 80ft-2, Block-I, Bashundhara R/A, P.O- Khilkhet, P.S-Vatara, Dhaka-1229.

Address::
∎ Dhaka Corporate Office: Plot-1088, Road # 80ft-2, Block-I, Bashundhara R/A, P.O- Khilkhet, P.S-Vatara, Dhaka-1229.

Read Before Apply: Please apply only who are fulfilling all the requirements of this job

Application Deadline: 14 Apr 2025

Category: Accounting/Finance