Accountant / Trade Finance Officer (LC)

Prime Sources Raw Materials Trading LLC; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A trading company in the UAE is seeking a Trade Finance Officer to manage trade finance operations and ensure compliance with international procedures. The ideal candidate will have a strong understanding of UPSC terms and experience in handling Letter of Credit transactions. Responsibilities include document preparation, bank liaison, and record maintenance. This role requires excellent organizational skills and the ability to join immediately.

Qualifications

• 3-5 years of experience in international trade finance, preferably in UAE.
• In-depth knowledge of export documentation.
• Experienced in daily bookkeeping and journal/ledger entries.

Responsibilities

• Manage Letter of Credit transactions.
• Prepare and scrutinize export documents.
• Act as the primary contact with banks.

Skills

Strong understanding of UPSC terms

Experience in international trade finance

Strong communication skills

Attention to detail

Education

Bachelor's/master's degree in accounting & finance

Job description

Overview

The Trade Finance Officer will play a pivotal role in managing the company’s trade finance operations, ensuring timely and accurate processing of transactions in line with international trade finance procedures. This role requires proficiency in handling Letter of Credit (LC) transactions, export document management, and strong liaising with banks and customers. The ideal candidate should have a strong understanding of UPSC (Uniform Customs and Practice for Documentary Credits) terms and extensive experience in international trade finance.

Responsibilities

• Letter of Credit (LC) Management: Open, review, and scrutinize import/export Letters of Credit (LC) for compliance with agreed terms.
• Prepare export documents according to the LC terms and conditions.
• Scrutinize export documents including invoices, packing lists, Certificates of Origin (COO), Certificates of Analysis (COA), and other relevant trade documents.
• Coordinate with related parties to request amendments to LCs if necessary.
• Request corrections or clarifications if any discrepancies or issues are identified.
• Maintain and ensure accuracy in the export documentation process.
• Follow up with banks on the payment status of submitted export documents.
• Ensure compliance with international trade finance procedures, including the Uniform Customs and Practice for Documentary Credits (UPSC).
• Monitor and manage trade finance transactions to ensure they adhere to company policies, regulatory requirements, and global trade regulations.
• Bank Liaison and Follow-ups: Act as the primary point of contact with banks for export collections, payment inquiries, and document handling.
• Follow up on the collection of Export LCs and payment processing to ensure timely settlement.
• Record Maintenance & Reporting: Maintain accurate records and documentation for all trade finance activities.
• Ensure that all trade finance records are well-organized, complete, and available for audit or compliance checks.

Requirements

• Bachelor's/master’s degree in accounting & finance, or a related field.
• 3-5 years of experience in international trade finance, preferably within the Multiple Commodities Trading, or related industry specifically in UAE.
• Strong understanding of UPSC (Uniform Customs and Practice for Documentary Credits) and international trade terms.
• In-depth knowledge of export documentation, including but not limited to invoices, packing lists, COO, COA, and Bill of Lading.
• Proficiency in handling LC opening, LC discounting, and document preparation as per the LC terms.
• Strong communication skills and the ability to liaise effectively with banks, customers, and internal teams.
• Excellent organizational skills and keen attention to detail.
• Experienced in daily bookkeeping and journal / ledger entries.
• Able to join immediately or on short notice.

About the company

Prime Sources Raw Materials Trading LLC is a proud subsidiary of a well reputed Group of Companies based in UAE, known for its excellence across diverse industries. Backed by the Group’s legacy and resources, the company delivers premium solutions in the industrial sector, combining global standards with local insight to drive growth, compliance, and brand prestige.