Trade Finance Senior Executive

Responsibilities

• Monitoring and ensuring the bank liabilities are addressed on the respective due dates.
• Providing inputs to department heads/management for the clearance of the liabilities and alerting in case of shortfall to address the same.
• Liaising with Sales co-ordinating team to receive the expected cash inflow by means of advances and through planned deliveries.
• Sharing the liability and the receivable reports/inputs to department heads to discuss the cash flow management.
• Informing Sales team on the export LC requirement with each banks and allocating the export LCs to respective banks to meet the credit conditions and to open import transactions.
• Reviewing the LC draft/application based on the Sales order and informing Sales team on the amendments required.
• Liaising with Sales team and ensuring the shipments are planned within the latest shipment date mentioned in the LC and informing them to extend if the LDS is expired.
• Assisting departments heads in the working capital facility renewal with banks and sharing the necessary documents/reports to banks as required.
• Ensuring the export LC document proceeds from bank and the CAD document proceeds from customer are received on time by liaising with bank and sales team.
• Liaising with procurement team for the import requirements and arranging transactions in respective banks based on the available limits.
• Monitoring the open account payments to the suppliers and arranging cash/LC/TR payments based on our cash and the limit positions with the bank.
• Addressing the bank queries related to our accounts/working capital facilities and arranging the necessary documents to the banks as required.
• Assigning the export LC/receivables to the banks as per the credit conditions and ensuring the limit positions are in line with the bank records.
• Sharing the bank transactions/advice copies to the concerned team members and informing them to pass necessary entries in SAP/daily report files.
• Monitoring the day-to-day activities of the team members and ensuring the process are being followed and addressing the queries/escalations (if any).
• Addressing the trade finance queries from both internal and external stakeholders.
• Ensuring the SAP entries and the daily report entries are properly updated/matched by the team members.

Requirements

• Confident, self-motivated individual that thrives in a fast-paced, dynamic environment
• Proficient in the use of bank related business systems and general technology such as Ms office package
• Degree in EXIM, CDCS, Business, Economics, Finance/Accounting, International Relations or similar
• UAE experience must
• Manufacturing industry experience preferable
• Good Communication & negotiation skill
• 5 years of related experience in Trade Finance Services