Letter of Credit Specialist

6 days ago

Taguig, National Capital Region, Philippines Medilines Distributors Inc. Full time ₱900,000 - ₱1,200,000 per year

Job description:

The Treasury Specialist with expertise in Letter of Credit (LC) processing plays a crucial role in supporting the company's treasury and trade finance operations. This position is responsible for overseeing the end-to-end management of LCs, ensuring accurate preparation, verification, and timely submission of LC documents in compliance with international trade regulations and contractual obligations. The role supports the company's cash flow management by coordinating with banks and internal stakeholders to facilitate smooth financing of import/export transactions.

JOB SUMMARY

This is a full-time on-site role as Treasury Specialist at Asya Medika Inc on its corporate office at One Global Place, 5th Ave, cor 25th St, BGC Taguig City. The Treasury Specialist will be responsible for overseeing and executing all operational aspects of Letter of Credit (LC) transactions related to the company's domestic and international trade activities.

The role plays a critical part in ensuring that all trade finance transactions are completed accurately, efficiently, and in accordance with both financial regulations and commercial agreements. The Treasury Specialist serves as a key liaison between internal stakeholders (including procurement, logistics, legal, and accounting) and external partners such as banks, suppliers, and freight forwarders to ensure that all trade documentation is correctly prepared, submitted, and reconciled.

DUTIES AND RESPONSIBILITIES

  • Handle issuance, amendment, negotiation, and settlement of LCs; verify compliance with terms and conditions; coordinate timely submission of documents.
  • Manage relationships with banks, process payments.
  • Ensure adherence to trade finance regulations, internal policies, and audit requirements.
  • Coordinating with banking partners to initiate account opening procedures if there's any,
  • Managing all necessary updates related to bank accounts, signatories, mandates, and banking facilities to ensure smooth treasury operations and compliance with corporate governance.
  • Liaising with banks for deposit if necessary.
  • Maintaining up-to-date documentation related to loan agreements, insurance policies, payment receipts, and correspondence.
  • Assisting on preparing reports / monitoring on loan balances, interest expenses, insurance coverage, and payment status for management review.
  • Responsible for ensuring that all online payments, manual disbursement requests and bank forms receive the required final signatures and approvals from the authorized approvers.

Job Type: Full-time

Work Location: In person

Expected Start Date: 09/15/2025

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