Accounts Officer

About the role

The Accounts Officer will handle the preparation and management of bank guarantees, letters of credit, and related insurance documentation. The role also involves coordinating with banks and internal departments to ensure timely payments and customs clearance.

Key responsibilities

• Prepare documents for issuance of Bank Guarantees, Import & Local Letters of Credit and update the accounts and commercial departments on payment schedules for local LCs and import transactions.
• Send emails to concerned departments to recover expired Bank Guarantees and manage renewal of guarantees that are due in upcoming months.
• Arrange insurance for imported goods stored in warehouses, including marine insurance for each LC/TT, and maintain daily records.
• Follow up with banks for shipping documents and provide them to the commercial department to support customs clearance.
• Arrange documents against CAD & DA for bank submission and keep daily records of all documentation.
• Prepare weekly reports on upcoming payment schedules for submission to the Accounts Department.
• Update weekly status on payments against LCs and Bank Guarantees, report returns to the CEO, and track the status of local LCs.