Assistant Manager - LC & Contract

About Business:

Adani Group: Adani Group is a diversified organisation in India comprising 10 publicly traded companies. It has created a world class logistics and utility infrastructure portfolio that has a pan-India presence. Adani Group is headquartered in Ahmedabad, in the state of Gujarat, India. Over the years, Adani Group has positioned itself to be the market leader in its logistics and energy businesses focusing on large scale infrastructure development in India with O&M practices benchmarked to global standards. With four IG rated businesses, it is the only Infrastructure Investment Grade issuer in India.

Job Purpose: This position is responsible for providing exceptional service to customers, addressing inquiries, resolving issues, and ensuring a positive customer experience.

Education Qualification:

• Post-Graduation

Work Experience (Range of years):

• 3-5 Years of experience

LC and Contract Executive

Credit Management

• Create and issue Letters of Credit (LCs) in accordance with internal guidelines and contractual terms
• Prepare inland LCs to support domestic trade transactions, adhering to regulatory and contractual guidelines
• Maintain accuracy and completeness of the LC documentation
• Conduct negotiations with customers regarding LC discounting, premiums, and related terms to facilitate smooth financial transactions
• Monitor and ensure the timely payment of LCs, coordinating with relevant stakeholders (Finance & Accounting, Marketing) and external stakeholders (customers, banks) Submit and negotiate for documents for LCs, as required
• Follow up and coordinate for LC amendments, payment swifts and LC transmissions Maintain Management Information Systems (MIS) for LCs and payments
• Raise escalations in case of any delays of LCs/payments

Contract Management

• Review and vet purchase/sales contracts, ensuring alignment with organizational objectives and risk management strategies
• Collaborate with legal teams to address contract-related legal matters
• Work closely with the finance department to assess and determine transfer pricing strategies and valuations for international trade transactions
• Maintain a well-organized contract repository, ensuring easy access to relevant contract documentation
• Implement management information systems (MIS) for efficient contract tracking and management
• Provide legal teams with all relevant contract information, terms, and documentation to support legal analysis and compliance
• Advise the concerned team for currency hedging (if required) to mitigate currency risks associated with trade contracts
• Amend contracts as necessary to accommodate changes in business conditions, regulations, or customer requirements basis necessary approvals
• Manage all contract modifications and ensure that they are appropriately documented and communicated to relevant parties

Digitisation and Automation

• Support comprehensive digitization strategies to optimise operational efficiency
• Innovate and implement automation solutions to support overall organisational goals / strategy

Key Stakeholders Internal:

• Finance and accounting
• Marketing
• Customs

Key Stakeholders External:

• Customers
• Suppliers/ Vendors
• External Agencies