Trade Finance Executive

Posted 2 years ago

Engage with Banks and Financial Institutions: Establish and maintain professional relationships with banks and other financial institutions to secure financial services and credit lines.
Procurement of Financial Lines: Secure and manage revolving credit facilities, short-term loans, and other financial instruments necessary for the company’s trading operations.
Business Proposal & Portfolio Management: Prepare and present business proposals to financial institutions. Package portfolios to enhance and increase credit lines.
Letter of Credit (LC) Management: Vet and work with Letters of Credit. Apply, negotiate, and issue key banking documents including LC Terms and Conditions.
Discounting LC and Bank Guarantees: Responsible for discounting LCs and issuing bank guarantees as per business requirements.
Reporting & Compliance: Submit control returns on all the discounted LCs to ensure compliance with financial regulations and internal policies.
Monitor and maintain the trade finance flows and ensure compliance with trade finance facilities covenants.
Cash planning: Plan for overnight deposits and other financial tools to maximize the return on our cash.
Cost reduction: Determine cost saving finance flows to reduce bank charges and foreign currency exposures.

Bachelor’s degree in finance, Business, or related field (Master’s Degree preferred)
Professional certifications in Finance/Trade Finance would be an advantage.

Experience: Minimum of 5 years of experience in banking, financial institutions, or financial broking houses.
Language Skills: Excellent command of English is essential.
Financial Literacy: Strong understanding of financial terminologies and principles.
Technical Skills: Well-versed in LC documents, bank guarantees, and UCP codes.
Industry Experience: Previous experience in a commodity trading company is an advantage.
Work Ethics: Must be prepared for a 24/7 work environment and carry the right attitude for this fast-paced business.

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